"Dow set to jump 500 points at the open after positive news on Gilead coronavirus treatment" cnbc.com/2020/04/28/sto…
Trading fast and furious at the open.....
Dow up +365pts
SP500 +1.8%
Nasdaq up +2.08%
Oil up 25% to $15.51/bl
10 year Treasury down to 0.595%
gold down about 0.5% rest of precious metals up 1-2%
Dow up +365pts
SP500 +1.8%
Nasdaq up +2.08%
Oil up 25% to $15.51/bl
10 year Treasury down to 0.595%
gold down about 0.5% rest of precious metals up 1-2%
We broke above the resistance. today's action is much stronger than yesterday's.
Dow now up +490pts.
Dow now up +490pts.
Dow now up +628pts
SP500 up +3.0%
NASDAQ up 3.55%
Russell 2k is up +4.95%
Market action is very strong. We moved out of the trading range on good volume.
SP500 up +3.0%
NASDAQ up 3.55%
Russell 2k is up +4.95%
Market action is very strong. We moved out of the trading range on good volume.
Market seems to like what Powell is saying. It had a quick sell off around 2:00pm and now it's back to rallying.
The longer Powell talks the more the market falls....
With 45 minutes to go. market seems to be moving on Powell's press conference. He says something good the market goes up, says something bad market goes down.
ATM
DOW is up +628pts
SP500 +3.02%
Russel 2k is up +5.5%
10 year treasury is holding up at 0.619%
ATM
DOW is up +628pts
SP500 +3.02%
Russel 2k is up +5.5%
10 year treasury is holding up at 0.619%
powell press conference is over. FED will leave rates where they are for a long time. the Main street lending will be coming soon. The corporate lending will becoming sooner. FED stands ready to use all of it's tools to prop up economy. Not too worried about deflation.
Liquidity is good in the markets. The markets are functioning well all things considered. Trades and Credit still flowing without problems.
It was a pretty good Press event. the fake media are idiots and wanted to push the narrative that this is long, long term depression.
It was a pretty good Press event. the fake media are idiots and wanted to push the narrative that this is long, long term depression.
Powell countered with seeing the U and not the V shape recovery well press pushed the L type of recovery. I think Powell beat that narrative back enough. Said he is looking for 3rd qrt to be good and 4th to be better.
Market finished strong....off their highs but still very good action today.
Dow +532pts
cnbc.com/2020/04/29/fac…
Dow +532pts
cnbc.com/2020/04/29/fac…
