yes, i still see strong bulls supporting the market. if bears unable to take it down by end of this month, we may actually met our bottom 2 weeks ago, and the bottoming process has been happening quietly. Unless, of course, Trump did something crazy again. I still don't see any major damage to the economy by the covid-19, mainly because its damage is not unpredictable. Financials are still strong and stable, "essential large companies" are still strong although profit will be delay for 3 to 4 quarters if not 2 to 3 quarters. Small or weak companies may not survive, yes, but this may not be a bad thing. It will accelerate the process of M&A and business integrations. Later, market will be more neat, although less competitions mean less pricing power for consumers, but i don't think the situation can turn severe. I'm expecting some revisits to recent lows maybe a few times before the bull returns. Just wild guess lah! I'm always very bad at TA 

thanks for your advice. 

i still trade sometimes, not only buy for long term. so the big swings are good for trading short term, target at 10%-15% swing. 

however, my 75% stocks still holding. i'm only playing with the 25% cash on short term trading. i'm still a Buffet supporter. 

Buffet is right about trading. If we don't hold, if we only follow TA to buy in, we'll miss the huge portion of the rebound. ie in current market. if we only buy after bullish indicator hit, we'll probably buy above 2800. That case, if the bottom is 1800, we'll miss 55% gap on profit. If the mid term peak is 3500, we'll be missing a 55% for a 25%.

Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia
https://www.cnbc.com/2020/04/04/oil-set-to-...and-russia.html

It has been priced in.
Today trimmed another 10% and bought SPY puts. 

I think this is the most complete article ive read all week. The facts and analysis is clear.

https://www.marketwatch.com/story/stocks-wi...t-it-2020-04-09

50% ? is 13,000 ?

So whats the take guys? Are we going to see another major leg down before going up or is the bottom in place as Goldman Sachs is now saying?

https://www.marketwatch.com/story/goldman-s...s-in-2020-04-13

AVFAN Does that mean you haven't gone into any USA stocks/ETF yet since the coronavirus started?

I really no longer understand this market. JPM just forecast quite serious recession later this year, IMF just gave warning the world might experience the worst depression ever since 1930s... especially if the health situation not improve next year. I believe properties, tourism including casino, cruise, airline, etc should be virtually no business or maybe less than 40% for the next 6 months. In fact I don't think things will improve until we have cure or vaccine...

Yet market pre market up big. Strange.

IMF's GDP growth projections for all global regions / countries as a result of the Covid-19 pandemic.

China, India and the ASEAN region is expected to weather this storm very well with only average impact in 2020 and even projected to become economic powerhouses in 2021 compared to Europe and US.

AVFAN, you trade palm oil stocks or futures ?

Now is a good time to buy oil ETF though.
I've been slowly collecting USO around <$5.

Coronavirus crisis will erase nearly a decade of oil demand growth this year, IEA says

For the second quarter of the year, oil demand is expected to be 23.1 million barrels per day below year-ago levels.
https://www.cnbc.com/2020/04/15/coronavirus...n-2020-iea.html

Citigroup’s first-quarter profit tumbles 46% as it sets aside more money for loan losses
https://www.cnbc.com/2020/04/15/citigroup-q...0-earnings.html

Goldman’s profit tumbled 46%, but bank posts strongest bond-trading results in 5 years
https://www.cnbc.com/2020/04/15/goldman-sac...gs-q1-2020.html

Bank of America posts 45% decline in first quarter profit, braces for big loan losses
https://www.cnbc.com/2020/04/15/bank-of-ame...gs-q1-2020.html

Report: J.C. Penney explores filing for bankruptcy as option for “unsustainable” finances
https://www.bizjournals.com/dallas/news/202...tcy-report.html

U.S. consumer activity took a massive blow in March due to the rapidly spreading and deadly coronavirus outbreak. According to the U.S. Commerce Department, retail sales during the month nosedived, reflecting the devastating impact of social distancing and job losses.

Headline retail sales plunged a record 8.7% during March, which was worse than the 8% decline expected by economists. Core retail sales, excluding the volatile auto and gas components, fell 3.1%, better than the 5.2% estimated decline. Retail sales dipped 0.4% and core retail sales sank 0.2% in February.

Within core components, consumer spending online rose 3.1% and jumped 26.9% at grocery stores.

However, sales at department stores sank 23.9%, furniture stores saw a 26.8% drop in spending, sporting goods sales fell 23.3% and spending at clothing retailers plummeted the most at 50.5%.

Meanwhile with quarantine measures implemented in many regions across the country, non-core components also saw some hefty declines in activity. Auto and auto parts sales plunged 25.6% and gas sales fell 17.2%. Sales from food services was down 26.5%, but spending on building materials increased 1.3%.

Jobless claims might top 5 million for third straight week, push unemployment to 15%
https://www.marketwatch.com/story/jobless-c...o-15-2020-04-15

Yes, that's just ridiculous. So, those lower wage earners in US benefited the most here.

The system would just encourage them to stay unemployed for now.

It's better still for those who are just furlough.. but not completely layoff.
When their company resumes operation, they get called back to work.
During this time, it just one big giant 2-3 months PAID holiday PLUS...

They're getting extra $1200 from IRS per single individual, $2400 per couple plus $500 for every child as one time.

AND....US congress is proposing $2000/month for the next 6 months... 

Now is a good time to buy oil ETF though.
I've been slowly collecting USO around <$5.

I'm in at 4.30.. Mana tau now drop after matched 

DJI still high at 23k