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 USA Stock Discussion v8, Brexit: What happens now?

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markedestiny
post Mar 16 2020, 01:28 PM

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QUOTE(SkyHermit @ Mar 16 2020, 12:37 PM)
Agree. Most of the European Football Leagues are already suspended along with NBA.

Nikkei 225 already down almost 27% since last month, if Olympics get cancelled I wouldn’t be surprised to see it drops another 20%+.
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If cancelled, this is go down to history as the only game to be cancelled due to pandemic and not due to war WW1 or WW2..


markedestiny
post Mar 16 2020, 02:15 PM

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QUOTE(moosset @ Mar 16 2020, 01:36 PM)
basically just someone saying, one day it will rain...
and then, it rains = he's right!  laugh.gif
The only way it's gonna get cancelled is by having all the athletes kena coronavirus. With less participants, then they have to cancel.

Otherwise, looking at the current progress, it's probably going as planned. Japan still have less cases than many of the western european countries.
maybe postpone?
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Even postponed, also already suffer losses with the hotel/flight cancellations, logistics/preparation costs, sponsorships/advertisements, etc etc...

Maybe they could also consider broadcasting without audience or spectators (loss of ticket sales, key revenue)...

It's going to an uphill tasks for the game to go on, irregardless cancelled or postponed...messy.

markedestiny
post Mar 16 2020, 05:15 PM

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Even the EU stocks slump to 2012 low according to Bloomberg breaking news now.
markedestiny
post Mar 17 2020, 11:23 AM

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PH stock market shutting down by March 17 until further notice, the first country to do so...

https://business.inquirer.net/292714/ph-sto...-further-notice
markedestiny
post Mar 17 2020, 03:21 PM

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US Futures starts to show green shoots...
markedestiny
post Mar 17 2020, 10:43 PM

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QUOTE(cybermaster98 @ Mar 17 2020, 10:36 PM)
I think ure missing my point completely. I asked u to provide me with your Top 2 strongest Resistance and Support levels for S&P500. Not a bunch of lines.

You are drawing lines for every short term peak and trough on the H1 chart. When you draw so many lines of course any short term jump or drop will hit one of your lines. Thats what i mean by 'chance'. There is no luck involved. Ure drawing so many lines and when it hits u say 'aha i was correct' but what ure actually doing is just draw many lines to increase your chances of 'hitting'.

I ask again. Can you just tell me (no chart also fine) what are the 2 strongest Resistance and the 2 strongest support levels we need to look out for the S&P500?

Simple question.
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Chill bro... He has been accommodative enough to share his charts and is not obliged to provide TA advice here.

So tonight, Fed is pumping 500Billion into the repo...



markedestiny
post Mar 18 2020, 12:07 AM

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QUOTE(oOoproz @ Mar 17 2020, 11:28 PM)
Last Thursday 1 trillion also can't even pump it, they need more bullet
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Well they timed this with Trump's stimulus announcement now live on Bloomberg, seems to work for now biggrin.gif
markedestiny
post Mar 19 2020, 12:30 AM

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Massive unemployment soon, proceed with caution.

Everyone thought they got a plan until they get punched in the face...

Edit for clarity

This post has been edited by markedestiny: Mar 19 2020, 12:34 AM
markedestiny
post Mar 19 2020, 12:40 AM

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QUOTE(AVFAN @ Mar 19 2020, 12:35 AM)
what is scary is... unemployed + covid19.

Coronavirus will infect half the global population, EIU predicts
https://www.cnbc.com/2020/03/18/coronavirus...u-predicts.html
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Everything is scary, happening at the same time with actual real life impacts.

Edit to add;

U know avfan, when 2008 recession came, I wasn't into stock market and I was carefree because most still had jobs and no threats from any pandemic.



This post has been edited by markedestiny: Mar 19 2020, 12:51 AM
markedestiny
post Mar 20 2020, 03:02 PM

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So we have a relief rally today biggrin.gif
markedestiny
post Mar 20 2020, 06:43 PM

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QUOTE(Yggdrasil @ Mar 20 2020, 06:31 PM)
Dead cat bounce.
People in US reported some of them lost their jobs.
Someone even said the website which people use to register for unemployment benefits crashed because too many people rushed to apply

user posted image

Source: https://www.nytimes.com./interactive/2020/0...ims-states.html?
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Yes, the month end data of unemployment going to be ugly for every single month in the next coming quarter.

Also Fed is pumping 75B just for Thur and Fri. They are going bigger and bigger. sweat.gif

This post has been edited by markedestiny: Mar 20 2020, 06:44 PM
markedestiny
post Mar 20 2020, 07:58 PM

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QUOTE(AVFAN @ Mar 20 2020, 07:45 PM)
b4 u start pushing buy 2nite, here's some food 4 tot...
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Yes do use this bounce to rebalance your portfolio as you deemed fit.


markedestiny
post Mar 20 2020, 08:12 PM

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QUOTE(icemanfx @ Mar 20 2020, 07:59 PM)
Believe there will be a few more waves of selling to come e.g unemployment, bonds default, banks stressed, etc
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Something is already brewing in the bond market for sometime, just waiting to burst. No more safe haven.

Also gold, especially paper gold, has been artificially suppressed down to give assurance to investors that the market is still ok. Historically it would have been ATH on recession.

Paper gold (etf, mutual funds etc) has lost its value this time. OTOH, actual physical gold, i.e gold bullions are out of stock due to strong demand.

Banks... not something you want to buy for now.
markedestiny
post Mar 20 2020, 09:01 PM

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QUOTE(yok70 @ Mar 20 2020, 08:46 PM)
i just think the role of gold has transformed throughout the decades....into something "less important" than before.  hmm.gif
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Well physical gold bullions have very strong demand this time as it is deemed not easily manipulated compared to paper gold.

Also the demand for bullions seen to show the loss of confidence towards fiat currencies?

I posted before that the shortage of USD resulted in its increased in value. Now with the fed printing monies out of the thin air and also the helicopter monies going to be distributed to everyone in US, deflation may turn into hyper inflation soon when things get out of control.
markedestiny
post Mar 20 2020, 10:12 PM

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QUOTE(icemanfx @ Mar 20 2020, 09:57 PM)
Mechanism and events leading to gold price rise in 2011/12 is not currently in existence.
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Ok on the paper gold thingy, it's just an additional observations that we are living in strange time..

Looks like next Monday, going to be havoc.

This one week has the most coordinated efforts by CBs all over the world and yet the market turn red immediately after opening green... Let's see, I might say this too early, the market could perhaps hold?
markedestiny
post Mar 20 2020, 10:54 PM

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QUOTE(icemanfx @ Mar 20 2020, 10:49 PM)
The outcome of co-ordinate response by various central banks could magnify by one or two order of magnitude if potus could be trusted, consistent and has leadership.
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I do hope it is this simple but the market 'everything bubble' have been created accumulatively since the last recession. but agreed that he is not helping the situation.
markedestiny
post Mar 23 2020, 01:36 PM

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Futures limit down..within 4 minutes of opening

Edit to add timing

This post has been edited by markedestiny: Mar 23 2020, 01:39 PM
markedestiny
post Mar 23 2020, 01:49 PM

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QUOTE(AVFAN @ Mar 23 2020, 01:41 PM)
New York has a big problem.

Risk of financial center shutdown?
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Very likely, the NY Gov went live on news yesterday night on the need of more drastic actions.

Also he is much more transparent on communicating the fact that 'it's not just a flu', compare to DT or their national crisis team.

He also emphasized the fact the high number of infection rate is actually due to NY doing much more tests compares to other states/cities. In short, other parts of US are not in any better shape than NY.
markedestiny
post Mar 23 2020, 04:12 PM

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Just for sharing

The 200 week MA support line of S&P

1987 - Held as support

1990 - Held as support

2001 - Failed, bounced back above briefly, then fell another 38%

2008 - Failed, then fell another 48%

2018 - Held as support

2020 - Failed, % fall to be determined...
markedestiny
post Mar 23 2020, 10:12 PM

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Morgan Stanley joins Goldman, JPM In Predicting A Depression Era Crash.. Expects Q2 GDP To Plunge 30%



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