SPY
I think that's what's going to be interesting for those who trade stocks that go after the market. If you look at the SPY, it is obvious that we are now relying on a historic, mirror-like strong level of resistance, which we practiced in both 2018 and 2019, and now we are approaching it from the bottom up.
My opinion is that we should watch the market very closely in the next two or three days. If we break through 285 level, and more importantly, if we hold on to it, it will be a very good growth. Naturally, the papers that follow it will also start to grow. I think this does not apply to companies connected with tourism and transportation, for which there will be bad quarterly reports. For example, the CCL is waiting for a further drop. If I were a long-term investor, I would look at the strong companies that are now affected by the coronovirus: CAR and HTZ. In my long-term portfolio, I would definitely take CAR around bad quarterly reports.
Trade active:
it's very important today to look at the last half hour before the market closes. If they start to buy back, growth is possible tomorrow.
Trade active:
the miracle didn't happen. The market couldn't close behind the level. The storm is starting again. In this case I can only give one advice: if you are not a super trader, it is better not to trade the next few days. It is better to save your money and remember this day than to be left without deposit and disappointed in trading.
Anyway, the idea of locking up above the level is still preserved. All that is left is to wait.
Anyway, the idea of locking up above the level is still preserved. All that is left is to wait.
Order cancelled
Comment:
Despite the key rate cuts, the new QE round of 700 billion UST buyback, the unfreezing of swap lines with the ECB, the Bank of England and the Central Banks of Japan and Canada, as well as the zeroing of the reserve requirements of the U.S. banking system, I can say the following: out of more or less similar drops, October 1987 and the fall of 2008, when the index fell from its peak values by 20.47% and 27.15% respectively. Now the index has fallen from its highs by 26.6%. Consequently, we have already survived the fall of 1987, but we have not yet reached the deepest point when the Lehman Brothers collapsed. I mean, there's still plenty to fall on. And it's very real that this could happen in the next month. If you look at history, there's still about 12-16% potential to fall. Of course, it is impossible to make analogies, but it is quite reasonable to think about it. The only thing I can add is that markets have never collapsed under the threat of a virus and a pandemic, i.e. a real threat to human life. And if so, I can expect anything. we may have a new paradigm ahead of us..
Comment:
WILL GO DOWN!