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"Dow futures fall more than 300 points as jobless toll from virus tops 30 million" cnbc.com/2020/04/29/dow…
and the roller coaster continues. buckle up. Will retest the resistance of the trading range we broke through yesterday.
Markets off their lows.

Dow down -224pts
SP500 -0.7%
Nasdaq is flat

Oil is up $2.00/bl to 17.30
cnbc.com/2020/04/30/fed…
cnbc.com/2020/04/30/tru…
cnbc.com/2020/04/30/dem…
A lot of shorts got caught with their pants down.....

cnbc.com/2020/04/30/sto…
Market restesting the support levels that were breached yesterday. Holding pretty steady. Not sure if support will hold. Lot's of bad news out there but the future is bright so it's a toss up.
Dow down -320pts
SP500 down -1.26%
NASDAQ down -0.67%
cnbc.com/2020/04/30/cor…
Well support held. Dow and SP500 bounced off the support level numerous times today.

dow ended up down -300pts

It will probably be tested again tomorrow if it holds that's a good sign.
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unseen1
@unseen1_unseen
If you have something that has never happened before, how can you honestly think the same rationale based on historic events can be used to predict what will occur going forward?

We have never shutdown the entire economy before. No one knows what will happen.
You can't use past events to predict the unpredictable. How the economy responded to previous recessions/depressions will not get you the needed information to predict how it will respond to a mandated shutdown. Demand didn't slow, it stopped. Workers weren't laid-off; they were
...ordered to stay home. Unemployment insurance isn't the same. Business loans like the PPP aren't the same. The direct deposit of stimulus checks are not the same. Businesses aren't responding to business conditions but to health conditions. The FED is acting different.
Read 14 tweets
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unseen1
@unseen1_unseen
"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%
We broke above the resistance. today's action is much stronger than yesterday's.

Dow now up +490pts.
Read 18 tweets
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unseen1
@unseen1_unseen
You see, it's headlines like this that required Trump to push guidelines of shelter in place and social distancing.

"The US coronavirus death toll surpasses American casualties from the Vietnam War" cnbc.com/2020/04/28/the…
If we had a real media instead of the fake media we have now, those considerations wouldn't be needed but imagine how long a leader could withstand these types of headlines while appearing to do nothing. It would have been Katrina times 100. Trump understood that.
Going against the "experts" and keeping everything open while battling against headlines from the propaganda wing of the Dem party(the fake media) would have been an unwinnable political battle.

Also Headlines like this would have brought the economy to a standstill anyhow.
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