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The Swamp

  • #57,601
  • Mar 25, 2020 4:44am Mar 25, 2020 4:44am
Quoting beszle
hoping this turns down soon before I start thinking the downtrend is done, though, my bias is still for 1 maybe even 2 legs down.
Over the Next coming weeks it will slowly create a wedge then finally break to the upside. Once enough sell positions have been created price will fall until then price is going to keep rising.. Enjoy the Market Makers are going to slowly bleed to profits back out of people who short..
  • #57,602
  • Mar 25, 2020 4:49am Mar 25, 2020 4:49am
Congress and White House reach agreement on $2 trillion stimulus package; Senate will reconvene at 12:00 PM ET



The bill includes $500 bln in direct payments to Americans, $367 bln in support for small businesses, $500 bln in support for larger businesses and states (including $50 bln in support for airlines and travel industry), enhanced unemployment benefits, and $130 bln for hospitals. Treasury Secretary Steven Mnuchin says stimulus bill also includes a liquidity facility leveraged by the Fed that will provide up to $4 trillion in support for businesses.

The Senate will reconvene at 12:00 PM ET and a full vote is expected this afternoon (exact time not known at this time). The House plans to pass the bill through unanimous consent. Rep. Alexandria Ocasio-Cortez (D-NY) signaled opposition to the deal. If Ms. Cortez or any other House member objects to the unanimous consent measure the bill will still pass, but it will take a couple more days to get all the House members back from recess to vote.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,603
  • Mar 25, 2020 4:55am Mar 25, 2020 4:55am
The president wants to get the u.s. economy open for Easter. I know some people not living in the U.S. or even some who do. May not know this. The president doesn't have squat to do with what states do. California and NY governors control their own states opening/closing. Atm NY is a little busy with corona, with lack of Fed help. Before Easter, several other states will be in the same shape as NY. Louisiana per capita is worse than NY. More to come.
those who can, do. those who cant, talk about those who can
  • #57,604
  • Mar 25, 2020 5:13am Mar 25, 2020 5:13am
Quoting DMA Trader
Congress and White House reach agreement on $2 trillion stimulus package; Senate will reconvene at 12:00 PM ET The bill includes $500 bln in direct payments to Americans, $367 bln in support for small businesses, $500 bln in support for larger businesses and states (including $50 bln in support for airlines and travel industry), enhanced unemployment benefits, and $130 bln for hospitals. Treasury Secretary Steven Mnuchin says stimulus bill...
More Americans work for a small business than any other sector. Small business employees more people than big business (wall street)
50% work for small business, 6% work for Fed. State and local governments, I dont have a good figure. Estimating 4%. One has to figure some are disabled and retired. Whatever is remaining is what large businesses employ. Yet they got the largest portion of the relief. People should wake up.

Those cruise ships are not american companies, They dont pay American taxes. They should not receive $ from treasurer
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those who can, do. those who cant, talk about those who can
  • #57,605
  • Mar 25, 2020 5:17am Mar 25, 2020 5:17am
Quoting gatorinla
The president wants to get the u.s. economy open for Easter. I know some people not living in the U.S. or even some who do. May not know this. The president doesn't have squat to do with what states do. California and NY governors control their own states opening/closing. Atm NY is a little busy with corona, with lack of Fed help. Before Easter, several other states will be in the same shape as NY. Louisiana per capita is worse than NY. More to come.
Trump Tweet.

“President Trump’s decision to very early on restrict travel from China saved tens of thousands of lives.” @LouDobbs @FoxBusiness
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,606
  • Mar 25, 2020 5:22am Mar 25, 2020 5:22am
Quoting DMA Trader
{quote} Trump Tweet. “President Trump’s decision to very early on restrict travel from China saved tens of thousands of lives.” @LouDobbs @FoxBusiness
"Speechless"

Read the early DT tweet Jan 21, I think..From that day on, corona was ignored. Until China close (about 10 days later). The call was already coming from the house.
those who can, do. those who cant, talk about those who can
  • #57,607
  • Mar 25, 2020 5:24am Mar 25, 2020 5:24am
Quoting gatorinla
{quote} "Speechless" Read the early DT tweet Jan 21 I think..
now logic would say that another Caesar tweet about how Fox and Lou are good reporters not fake media
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,608
  • Mar 25, 2020 5:25am Mar 25, 2020 5:25am
Meanwhile, over in the debacle that is the current oil market, crude is trading at $15, $10 and even as little as $8 a barrel in the physical market. "There's more pain to come. We will see the full weight of the oversupply in a couple of weeks.”

https://www.bloomberg.com/news/artic...ality-is-worse
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,609
  • Mar 25, 2020 5:30am Mar 25, 2020 5:30am
Quoting DMA Trader
Meanwhile, over in the debacle that is the current oil market, crude is trading at $15, $10 and even as little as $8 a barrel in the physical market. "There's more pain to come. We will see the full weight of the oversupply in a couple of weeks.” https://www.bloomberg.com/news/artic...ality-is-worse
I said all I can say on the oil subject. I haven't filled the tank in a month. I'm sure others are filling less too. Demand is down. Supply is up. Prices has no other way to go but down.

The u.s. has 40% of new corona cases worldwide? I just heard this on the tube..WHO said it
those who can, do. those who cant, talk about those who can
  • #57,610
  • Mar 25, 2020 5:33am Mar 25, 2020 5:33am
nibbling some short on EU since the term is so trendy
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,611
  • Mar 25, 2020 5:34am Mar 25, 2020 5:34am
Quoting gatorinla
{quote} I said all I can say on the oil subject. I haven't filled the tank in a month. I'm sure others are filling less too. Demand is down. Supply is up. Prices has no other way to go but down. The u.s. has 40% of new corona cases worldwide? I just heard this on the tube..WHO said it

same thing here and i guess everywhere

also after lockdown of my county - the most corona cases after capital of country
now all country get's lockdown from tonight
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,612
  • Mar 25, 2020 5:35am Mar 25, 2020 5:35am
Quoting Boulder
short again 1.0840.. will add.. next to add 1.0870s area
it took longer time than I expected.. more than an hour...but its done +10 out at 0830
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  • #57,613
  • Mar 25, 2020 5:35am Mar 25, 2020 5:35am
Quoting DMA Trader
nibbling some short on EU since the term is so trendy
The virus will bring the u.s. to its knees.. And the u.s. at its knees, puts the rest of the world laying on the ground economy wise.

Our moron leader helped the virus spread, and is doing nothing to slow/stop it still today.
those who can, do. those who cant, talk about those who can
  • #57,614
  • Mar 25, 2020 5:37am Mar 25, 2020 5:37am
Quoting gatorinla
{quote} The virus will bring u.s. to its knees.. And the u.s. at its knees, puts the rest of the world laying on the ground economy wise.
You are feeling better I hope
Any view on XAU mate? Would be highly appreciated.
  • #57,615
  • Mar 25, 2020 5:38am Mar 25, 2020 5:38am
back in 1.0826

that is fast 1 mins trade +10
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  • #57,616
  • Mar 25, 2020 5:39am Mar 25, 2020 5:39am
Quoting Boulder
{quote} it took longer time than I expected.. more than an hour...but its done +10 out at 0830 {image}
got something too but still have one from 817
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,617
  • Mar 25, 2020 5:40am Mar 25, 2020 5:40am
back in 1.0820... will add
  • #57,618
  • Mar 25, 2020 5:41am Mar 25, 2020 5:41am
Quoting gatorinla
{quote} The virus will bring the u.s. to its knees.. And the u.s. at its knees, puts the rest of the world laying on the ground economy wise. Our moron leader helped the virus spread, and is doing nothing to slow/stop it still today.
If a coffee shop didnt sell a cup of coffee today. You will never get that sale back. Over months of this, you lose your wealth. You can never regain that lost day of work. That window is closed. A year from now, that customer is not going to order 1 years worth of coffee.
That customer has learned to do w/o your cup of coffee. He may not come back

Prince Charles has corona.. I wonder if he visited mum.
those who can, do. those who cant, talk about those who can
  • #57,619
  • Mar 25, 2020 5:41am Mar 25, 2020 5:41am
Quoting DMA Trader
{quote} got something too but still have one from 817 {image}
admire you can trade spy
  • #57,620
  • Mar 25, 2020 5:42am Mar 25, 2020 5:42am
Quoting Boulder
back in 1.0826 that is fast 1 mins trade +10 {image}
have some support near 815 1H imp
good entry wanted to se 830 to get in
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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