but today's rebound is too strong, this is not good for bear bear to play it harder.... 

Rebound was strong because of the $2 tn stimulus package currently in the talks of the Senate. House Democrats (who hold majority) have also indicated their unconditional support to the bill, so what's left is for the top leadership from both sides of the Senate to settle the remaining few items. The market crashed Monday because of a failed vote, so I doubt any politicians want to hold out any further.

Can expect them to close out by either Tuesday night or Wednesday noon US time, then the hardest hit companies (airlines, retail) should continue surging since they are due for the most assistance.

You might want to trade short term to profit from the volatility for now, but covid trend is far from peaking in the States, so I agree with AVFAN that 1 or 2 day post announcement the rally will fade. The policy response from all central banks (monetary + fiscal) has been swift, now it is the govt administration's job to ensure that the health crisis is contained.

Morgan Stanley expects weekly US jobless claims to spike to a record 3.4 million
Carmen Reinicke
Mar. 24, 2020, 04:06 PM
REUTERS/Rick Wilking
Morgan Stanley chief US economist Ellen Zentner expects that jobless claims released on Thursday will be 3.4 million, she told CNBC during a Tuesday interview.
Unemployment claims gained last week as coronavirus-induced layoffs began amid slowing US economic activity.
Other firms such as Goldman Sachs also expect a massive jump in weekly jobless claims numbers.
https://markets.businessinsider.com/news/st...20-3-1029028493

BREAKING News.

White House, Democrats Reach Agreement on Virus Stimulus Plan.

Does Two Days of Gains in Stocks Signal We've Hit the Market Bottom?
CONTRIBUTOR
Richard Saintvilus
PUBLISHED
MAR 26, 2020 7:56AM EDT
Abstract image of investing - man pointing to a graph
CREDIT: SHUTTERSTOCK
“Not one, but two….” The stock market has done something it has failed to do since February: produce back-to-back positive gains. This, of course, has sparked the obligatory question - have we bottomed? Coming from Monday’s low, it certainly looks like it. But I'm not ready to signal everything is clear.

I'm still crunching numbers related to economic growth and corporate earnings. And my math still tells me that the second half of the year is not going to be pretty — not by a long shot. And with earnings estimates on the decline, an argument can be made that stocks are more expensive now than they were two months ago. More on that in a moment.

But for now, a few things are clear: The market has made up its mind that some stocks have become just too cheap to ignore. And secondly, with the Fed providing liquidity support (a.k.a firing bazookas) investors have decided to “buy first and ask questions later.” The Dow Jones Industrial Average on Wednesday climbed more than 2%, or 495.64 points, to close at 21,200.55. Counting Tuesday’s rise, the Blue Chip index has now jumped more than 13% in two days.

The gains were in response to reports that the terms of massive $2 trillion stimulus bill aimed at combating the economic slowdown from the coronavirus pandemic had been agreed upon between the White House and congressional leaders. At one point the Dow had risen by as much as 6%, but regressed in the last 30 minutes of trading amid reports that Sen. Bernie Sanders might block the deal. “I'm prepared to put a hold on this bill until stronger conditions are imposed on the $500 billion corporate welfare fund,” Sanders said.

The fear that the agreement night hit a roadblock cost the Dow about 500 points. But in this environment, a win is a win. Boeing (BA) continues to surge, gaining 24% Wednesday after rallying 20% Tuesday. Nike (NKE) better-than 9% rise also powered the Dow. The S&P 500 rose 1% and closed at 2,475.56, while the Nasdaq Composite fell 0.5% to 7,384.30. The tech-heavy Nasdaq which has been an out-performer throughout the downturn lost ground due to weakness in the FAANGs - Facebook (FB), Amazon (AMZN) Apple (AAPL), Netflix (NFLX) and Google (GOOG , GOOGL) all closed lower.

Now, back to the main question on investors’ minds. After two green days in a row, where do we go from here? Two days does not qualify as a bull market. Indeed, the market was overdue for a big bounce. But seeing as how quickly and furiously Boeing stock has risen, not to mention the beaten-down cruise line stocks, there’s no question the machines (algorithms) are doing the buying here. In fairness, the machines were doing the selling too.

But before you get tempted to buy this “bottom,” ask yourself these questions, is this the peak of the pandemic? What’s the damage of the economic fallout? Is the Fed’s stimulus sufficient for the worst-case scenario of the shutdowns? What will the unemployment report look like? I’m asking these to say that it’s too soon to call the bottom on stocks. We don't what the “E” in P/E rations will be to determine what stock prices are worth. And assessing value solely by comparing where stocks are relative to where they were is asking for trouble.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/does-two-da...ttom-2020-03-26

Is a global debt crisis coming?
https://www.cnbc.com/video/2020/03/26/is-a-...sis-coming.html

come on, give me 1800 

Week ahead calendar
Monday
10:00 a.m. Pending home sales

Tuesday
9:00 a.m. S&P/Case-Shiller home prices
9:45 a.m. Chicago purchasing managers
10:00 a.m. Consumer confidence

Wednesday
Monthly vehicle sales
8:15 a.m. ADP employment
9:45 a.m. Markit manufacturing PMI
10:00 a.m. ISM manufacturing
10:00 a.m. Construction spending

Thursday
8:30 a.m. Jobless claims
8:30 a.m. Trade deficit
10:00 a.m. Factory orders

Friday
8:30 a.m. Employment report
9:45 a.m. Markit services PMI
10:00 a.m. ISM nonmanufacturing
https://www.cnbc.com/2020/03/27/what-could-...week-ahead.html

Wednesday ADP report will be interesting. It will give the market heads up what's coming on Friday.
We all know it's going to be bad with prior week unemployment filing, the question will be how bad.
Will the market bake it in or another dive back down to 2200 to test support again?
I think this upcoming week, it's just another add-on of bad news.
A lot cities and states have mandatory shutdown of major businesses started 2nd or 3rd week of March. Going into April soon.
So, sooner or later, it may be entire USA all at once if the cases continues to exponentially grow and more deaths.

The US economy has come to a standstill, satellite imagery shows

Economists at the biggest U.S. banks are now expecting the country’s growth domestic product (GDP) to contract sharply in the second-quarter, but there are a wide range of outcomes as they struggle to make estimates from so little data. JP Morgan expects a 14% drop, Goldman expects a 24% drop and Morgan Stanley expects a 30% drop.
https://www.cnbc.com/2020/03/28/the-us-econ...gery-shows.html

OPEC (should say Saudis) has the most un-creative strategic team in the world, I can't recall seeing them doing any creative plan on fighting with oil business. Saudi has no businessmen? 

Five ‘Ps’ That Will Help Determine If the Market Has Bottomed

Looking at the situation as a whole, the overwhelmingly most-important measure -– that of the rate of increase in the pandemic caseload -- appears to vindicate the market’s rebound. So too does the very aggressive actions taken by global policy makers.

That said, there remains a significant risk of further waves of infection. Such episodes are likely to be met with further lockdowns and interruptions in production, and probably lead to further reduction in risk positioning and a further decline in prices.
https://www.bloomberg.com/asia

So many sales of good stocks in the US market but have to put on hold first..

By Tuesday’s close, the pan-European Stoxx 600 index had fallen by 23.03% since the turn of the year, its worst first quarter on record but narrowly beating the 23.33% loss posted in the third quarter of 2002.
Spain’s IBEX 35 experienced the biggest plunge of all the major European indexes, shedding 28.94% to post its worst-ever quarter. Italy’s FTSE MIB also had its worst overall quarter on record, tumbling 27.46%.

France’s CAC 40 plummeted 26.46% in the first quarter, while Britain’s FTSE 100 and Germany’s DAX dropped 24.8% and 25% respectively.

In the U.S., meanwhile, the Dow and S&P 500 on Tuesday closed out their worst first-quarter performances ever, dropping 23.2 and 20%, respectively. The Dow also posted its worst overall quarter since 1987 while the S&P 500 notched up its biggest quarterly loss since 2008.
https://www.cnbc.com/2020/04/01/european-st...expect-now.html

Have you all just read the latest news?

Besides china buying cheap oil, another news gonna rock the stocks tmr.

Russia just announced that no oil producing countries are in talks nor discussion today or tomorrow. Means that sohem trump blow trumpet lie to everyone saying saudi and arab are in talks.

Opec basket real time price is $16 today. Declined from $22, what you see on oilprice are lagged data. What we dont know are the real-time data.

Stock investors are 'surprisingly' bullish, and that's a problem: RBC

U.S. stock investors are incredibly bullish right now, according to a new survey from RBC of 185 institutional investors conducted between March 25 and 31.

Unfortunately, that could be a bad sign for those who think the market bottom is behind us.

“I’m concerned that we have not seen the lows yet,” RBC's head of U.S. equity strategy Lori Calvasina said on Yahoo Finance’s The Final Round.

"This surprisingly high level of bullishness supports our own view that we haven't yet seen investor capitulation, echoing what we've seen in other data sets," Calvasina wrote in a note to clients on Thursday morning. "We view capitulation as a necessary, though not sufficient condition for stock market bottoms in major drawdowns."

In sum, these "highly bullish" investors believe that valuations are attractive, there's faith in the Federal Reserve, and the economic damage from COVID-19 will be "manageable." It's the most optimistic read from investors since RBC's U.S. Equity Investor Survey debuted in the first quarter of 2018.

Breaking down the results, 58% of respondents said they're "bullish" or "very bullish," up from 51% in December. What's more, 57% of investors say valuations are "attractive" or "very attractive," which RBC notes is a new record for its survey.

Interestingly, most investors surveyed don't believe the market has found its trough yet. Of the survey's respondents, only 19% believe the S&P 500 hit its low in the first quarter, while 57% believe the market will reach a bottom during the second quarter, 15% expect the third quarter, and 9% view it as happening between the fourth quarter and the second half of 2021.
https://finance.yahoo.com/news/rbc-institut...-204316337.html

Hmm what do u think about today? 

On Friday, Azerbaijan’s energy ministry said a virtual meeting between OPEC producers and non-OPEC partners, an alliance sometimes referred to as OPEC+, had been scheduled for April 6, according to the RIA news agency.

OPEC was not immediately available to comment when contacted by CNBC Friday morning.
https://www.cnbc.com/2020/04/03/oil-and-cor...tervention.html

Gonna be another sleepless night, good luck guys