Friday, August 7, 2020

Stimulus, please!

I'm going to be out in the bush next week, but the pols ought to settle their differences soon enough and write some more checks from the Future.


The middle of the channel is about 3,580 into the DNC and the August VIX futures expiration, as good a place as any to stop and reconsider.


Hey Google, the updated Blogger editor is a complete piece of garbage.  It barely works and is buggy and highly unpleasant.  What a waste.  Pull the old branch and throw this away.

12 comments:

christiangustafson said...

Mrs. G gave me a full week for the trip -- NINE DAYS with the weekends.

I can do a lot in nine days.

cbasten said...

Where are you going camping? By the time you get back do you think Tech will be 12,000?

John said...

https://www.wta.org/go-hiking/hikes/windy-peak

Randall Beehomes said...

Fresh highs.

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T.Berry said...

hope everyone is doing well.

still see no reason to sell this market. the new bull is only 5 months old.

t-minus 16

Bryan Franco said...

Salesforce.com replacing Exxon Mobil in the Dow Jones Industrial Average. Incredible.

Bryan Franco said...

Software stocks either in the midst of a structural reset that results in an epic parabola (chart-wise) or this is an exhaustion gap. We should know soon. The gap in $IGV would likely need to fill soon, and there would likely need to be serious selling pressure in the next few days for the latter to be true.

christiangustafson said...

Market's going to crash if Powell doesn't advocate an inflation target policy of 10% monthly.

First bounce at 2130, lads.

Lady S said...

Nothing happened

Lady S said...

Forget about, trump is the president again

Kevin said...

My trend following strategy has me selling 1/2 of my QQQ position at the close today. That will leave the allocation: 47% QQQ, 47% cash, 5% TZA, 1% UVXY. Only two instance while in this position since 1972 did the NASDAQ make any meaningful gain before the trend turned negative - 1983 and 2000 - both of which were bull ending blow-off moves. The other ten times the trend turned negative without any further gain at all. Thus, I'm expecting volatility to surge in the non-too-distant future.