$SPX - How to Trade Today - Tuesday 5 March
I'll try to make daily episodes of how to trade the market between my breaks.
Highlights:
Trend is down.
Daily whipsaw is normal in a bear market.
Biden win gave a psychological boost to an oversold market
Market will go lower as more cases pops out on the radar now that US is officially testing
Outside China is yet to go through the same episode as Chian in Fed
Outside china cases will rise and statistic won't be pretty
Consumer sectors and broad commodity and energy are/will go to recession
Fed emergency cut was a GRAVE warning. Smart money left (sold out) after Fed warnings that low rate and stimulus won't help
Dumb money still chasing the dip
Highlights:
Trend is down.
Daily whipsaw is normal in a bear market.
Biden win gave a psychological boost to an oversold market
Market will go lower as more cases pops out on the radar now that US is officially testing
Outside China is yet to go through the same episode as Chian in Fed
Outside china cases will rise and statistic won't be pretty
Consumer sectors and broad commodity and energy are/will go to recession
Fed emergency cut was a GRAVE warning. Smart money left (sold out) after Fed warnings that low rate and stimulus won't help
Dumb money still chasing the dip
