drchelsea1

DJI - Technical Correction - Time to Buy

Long
drchelsea1 Updated   
DJ:DJI   Dow Jones Industrial Average Index
0. Chinese only virus here. Designed to hit the Chinese Services Sector, and GDP by about 1 percent:

finance.yahoo.com/ne...power-185949233.html

1. Pharma Up, Gold Up (Short lived), VXX Up, Semis down.

2. We are selling Gold, Buying Oil, Selling the VIX, buying U.S. Large Cap, and Semiconductors.
Comment:
3. We also have the Chinese "extending" the Lunar Holiday to counter this.

4. We also have the "impeachment trial", which is "completely overshadowed" by this virus.

5. Chinese are VERY prepared for this. They know the U.S. would use this as an economic weapon. That is why all the Chinese Nationals wear those mask forever. Chinese Social Credit mandate.
Comment:
6. We are placing bets on an opening sell off, and bounce. 28500 and 28250 look great, 28000 max, 27500 would be the breakdown point... Won't come to that with cheap money, Fed put, and maybe a trump tweet...
Comment:
Where is Kudlow this morning? They must be busy preparing a strike on Iran, and to quietly close the impeachment trial with not guilty...
Comment:
Nice correction in the last few days of January, as expected.

If this isn't planned, going right into earnings, I don't know what is...

See our other post.

Comment:
Look at CHINA getting SMOKED:

Symbol Last Chg Chg %
WYNN 124.19 -10.56 -7.84%
YUMC 40.93 -3.32 -7.50%
BIDU 121.13 -8.87 -6.82%
BABA 201.2 -12.55 -5.87%
SINA 37.5 -2.3 -5.78%
MU 55.43 -2.33 -4.03%
MRVL 26.26 -1.05 -3.84%
NVDA 241.3 -9.18 -3.66%
AMAT 59.85 -2.15 -3.47%
AMD 48.6601 -1.6899 -3.36%
RH 214.0211 -7.0889 -3.21%
QRVO 110.04 -3.35 -2.95%
NKE 99.034 -2.996 -2.94%
SMH 143.46 -4.19 -2.84%
CAT 136.61 -3.77 -2.69%
BAC 32.65 -0.89 -2.65%
CMI 165 -4.15 -2.45%
DE 166 -4.12 -2.42%
QCOM 87.5 -2.15 -2.40%
INTC 66.91 -1.56 -2.28%
TER 70.5 -1.6 -2.22%
AAPL 311.41 -6.9 -2.17%
AVGO 317 -7 -2.16%
IGV 245.05 -5.21 -2.08%
GOOG 1,436.30 -30.41 -2.07%
UTX 150.28 -2.91 -1.90%
GM 33.73 -0.58 -1.69%
BA 317.7001 -5.3499 -1.66%
ROK 196.42 -3.3 -1.65%
KSS 44.78 -0.71 -1.56%
TXN 128.52 -2 -1.53%
HON 174.5 -2.63 -1.48%
DLTR 86.5 -1.21 -1.38%
F 8.9 -0.1 -1.11%
WMT 113.34 -1.03 -0.90%
TIF 134.25 -0.04 -0.03%
BBY 89.44 0 0.00%
DLR.TO 13.29 0 0.00%
EMR 76.7 0 0.00%
IPGP 144.33 0 0.00%
ITW 176.3 0 0.00%
MARA 0.9279 0 0.00%
MLNX 119.45 0 0.00%
MPWR 183.29 0 0.00%
Comment:
Easy money on this one. All top U.S. Equity names should do VERY well in the next 90 days.
Comment:
Mathematically speaking...
Comment:
AND THERE YOU GO: THE TRUMP TWEET!
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