Dow results today

[farming101]

I find the DJI really difficult to chart successfully. Likely because it is an indicator of 30 different stocks
Anyway, today the charts are saying what most likely knew and that is there will be no quick fix.

It will be a struggle to recover to any level seen from Mar 2019 through Feb 2020.
Further losses in the next while will open up a test of 21,000.
A complete blowout as the year progresses would find a range of 12,600 to 21,000 as sustainable

AS I said the DOW chart is fickle so who knows.....

[biglentil]

I find the DJI really difficult to chart successfully. Likely because it is an indicator of 30 different stocks
Anyway, today the charts are saying what most likely knew and that is there will be no quick fix.

It will be a struggle to recover to any level seen from Mar 2019 through Feb 2020.
Further losses in the next while will open up a test of 21,000.
A complete blowout as the year progresses would find a range of 12,600 to 21,000 as sustainable

AS I said the DOW chart is fickle so who knows.....

A real big bubble got popped by a really big pin. TSX however was already beaten to a pulp.

[farming101]

YMM, DOW June mini futures, locked limit up for about 1 1/2 hours. Fickle indeed....

[biglentil]

YMM, DOW June mini futures, locked limit up for about 1 1/2 hours. Fickle indeed....

Gold up $200 an toz in just 36hrs. Largest move ever?

[SASKFARMER]

people are starting to panic and gold is the only safe haven.

[Oliver88]

YMM, DOW June mini futures, locked limit up for about 1 1/2 hours. Fickle indeed....

Dow still up over 7%.
Chance of stimulus packages in US this week.

[jazz]

Bottom was friday or monday likely. Trump will reopen the country by easter. There is no other choice.

[farming101]

The bottom may be in for some things but likely not all. Serious reset for some portions of the market.

There may be the classic v-bottom for some things but for other areas there will be more weakness waiting to take it down further.
What had value on February 12 may not be needed at all now

[Guest]

people are starting to panic and gold is the only safe haven.

i would take land over gold any day

[Guest]

The bottom may be in for some things but likely not all. Serious reset for some portions of the market.

There may be the classic v-bottom for some things but for other areas there will be more weakness waiting to take it down further.
What had value on February 12 may not be needed at all now

thats what i think , we are onto real world problems now , not unicorn shit
like , are we gonna have enough to eat ? or enough heat for our houses?
protesters that took canada to its knees a month ago should feel real "special" now

[jazz]

thats what i think , we are onto real world problems now , not unicorn shit
like , are we gonna have enough to eat ? or enough heat for our houses?
protesters that took canada to its knees a month ago should feel real "special" now

One good thing about the virus, it broke up all the protests, sent the FN goofs back behind reserve borders, teachers signed up to new deals, unifor thugs back at the bargaining table, SJW cowering in their parents basements, Suzuki, Gore, UN are STFU.

Funny how a little apocalypse can focus the mind.

[Oliver88]

Bottom was friday or monday likely. Trump will reopen the country by easter. There is no other choice.

Who knows but it was crazy today, up over 2100.

Getting two big increases in a row hasn’t happened yet since the Saudi/Russia oil fight and Wuhan Flu.

[Oliver88]

Looks like we have an increase for 2 days in a row now.
Stimulus/bailouts/welfare affecting markets.

[Guest]

Tsx down , strange?

[Austrian Economics]

Bear markets rallies feature action just like what we are seeing. If interest rates go negative across the board, and companies are able to borrow at substantially negative rates, equities will rebound. That's going to take a while. Central banks will be reluctant to go steeply negative on the overnight rate all at once. They will stretch it out to maintain the illusion that they are in control.