Read? COVID-19 Bear Market 2020 - Round 2 Coming??? (2)
Stay at home and cheering the Market???
Dead cat bounce?
More like the Cat is doing bungee jump and bounce back???
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
10 months ago
Stocks rallied to their best weekly gain in more than four decades on Thursday after the Federal Reserve unexpectedly unleashed a new multi-trillion-dollar stimulus plan to support businesses during the coronavirus pandemic.
ReplyDeleteThe S&P 500’s 1.5% rise Thursday brought its weekly gains to 12.1%, or its best one-week gain since 1974, as the Financials and Real Estate sectors outperformed. U.S. equity markets will be closed Friday in observance of Good Friday.
The Nasdaq posted a 10.6% weekly gain for its best since 2008. The Dow’s 2,666.84-point gain since last Friday marked its best weekly rise in point terms ever, and its 12.7% weekly advance was its best on a percentage basis in two weeks.
Intermediate bottom, if not "the" bottom, is in.
ReplyDeletePercentage of s&p500 stocks above their 200 day MA's has gone back above 15%.
Weekly advance/ decline line has gone above 21- week exponential MA. And there's positive divergence in its RSI, CCI, and fast stochastics.
The only thing is there's no +ve divergence yet for the main indices. This will require another drop (But not a full- on rout) in the next few weeks.
Frankly ... All the above speak is a fool's errand to try n catch the "bottom".
We are in a global recession. And there's no better way to invest or make money in stocks than to buy during bad recessions.
Just buy solid businesses over the next 6-12 months. If dunno what to buy then just buy index funds or etfs like STI & Reit etf.