well as I've been saying, any day or night we could get
stimulus news out of Washington or Congress. To me what
the president mentioned was meh, but something bigger like if
Congress were to come out with a huge stimulus like they did back
in 2008 that would rock the markets higher.
otherwise we do now have some positive divergence on the daily
charts as I pointed out last night: positive divergence on the
daily SPX via the 5 and 14 RSI, the CCI, and both Stochastic
indicators. Now that could be lost on another 200 point sell off.
there's a big support cluster around the 2650 area as I showed.
again futures bounced on that news last night, then pulled back
this morning from an Xtick high. 2843 is an important level
on ES intra day
Posted by retirefire on 10th of Mar 2020 at 10:10 am
Dems are pushing for more "welfare" type stimulus like extended
time off, unemployment benefits. Opposite of payroll tax reduction
Trump wants for working folks.
Posted by stevieb294 on 10th of Mar 2020 at 10:03 am
Not a naive question at all. With all that has happened recently
the chances are good. In general, the Dems will push back at
anything that makes Trump look good. But there is plenty he can do
without them.
Thanks for saying that Matt! Republicans aren't the only ones
who trade the market, lol and I didn't think it was mandatory as a
subscriber either. Everyone has a right to how they feel but I
think it doesn't belong here.
well as I've been saying,
i know its early but IMO the rally began after ...
Posted by matt on 10th of Mar 2020 at 09:49 am
well as I've been saying, any day or night we could get stimulus news out of Washington or Congress. To me what the president mentioned was meh, but something bigger like if Congress were to come out with a huge stimulus like they did back in 2008 that would rock the markets higher.
otherwise we do now have some positive divergence on the daily charts as I pointed out last night: positive divergence on the daily SPX via the 5 and 14 RSI, the CCI, and both Stochastic indicators. Now that could be lost on another 200 point sell off. there's a big support cluster around the 2650 area as I showed.
again futures bounced on that news last night, then pulled back this morning from an Xtick high. 2843 is an important level on ES intra day
I am not American so
Posted by kevindeng0727 on 10th of Mar 2020 at 09:58 am
I am not American so maybe naive on this question:
would today's political environment still support passing a stimulus package in the house, before election?
Dems are pushing for more
Posted by retirefire on 10th of Mar 2020 at 10:10 am
Dems are pushing for more "welfare" type stimulus like extended time off, unemployment benefits. Opposite of payroll tax reduction Trump wants for working folks.
Not a naive question at
Posted by stevieb294 on 10th of Mar 2020 at 10:03 am
Not a naive question at all. With all that has happened recently the chances are good. In general, the Dems will push back at anything that makes Trump look good. But there is plenty he can do without them.
Yes I know. But guys
Posted by matt on 10th of Mar 2020 at 10:33 am
Yes I know. But guys we have to keep the politics to a minimum, when there's too much of it we get complaints about it. Politics is like religion,
Thanks for saying that Matt!
Posted by cozz101 on 10th of Mar 2020 at 01:37 pm
Thanks for saying that Matt! Republicans aren't the only ones who trade the market, lol and I didn't think it was mandatory as a subscriber either. Everyone has a right to how they feel but I think it doesn't belong here.
Politics, religion, sex ... OK
Posted by stevieb294 on 10th of Mar 2020 at 11:40 am
Politics, religion, sex ... OK there's only one left to talk about then...
ha I don't think anyone
Posted by matt on 10th of Mar 2020 at 11:46 am
ha I don't think anyone has ever discussed sex here ha ha
a lot of talk about
Posted by loujjj on 10th of Mar 2020 at 11:51 am
a lot of talk about bottoms though
cup and handle
Posted by retirefire on 10th of Mar 2020 at 11:58 am
cup and handle
ah ha ah I see
Posted by matt on 10th of Mar 2020 at 11:52 am
ah ha ah I see what you did there
I see. Thanks for the
Posted by kevindeng0727 on 10th of Mar 2020 at 10:21 am
I see. Thanks for the answers