We review information from last night’s webinar.
We’ll take a look at the market action to see if we want to be buyers on Friday.
I’ll discuss the potential for economic stimulus in the face of a partial economic shut down.
Hello, last night’s webinar sold out! I’ve never had over a 100 people trying to get into a webinar before. So, I will be doing an update tonight as we prepare to potentially make trades on Friday.
Tonight’s webinar will be at 8pm.
Here’s the sign-in details:
Kirk Spano is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
Meeting ID: 626 982 239
One tap mobile
+16468769923,,626982239# US (New York)
+13126266799,,626982239# US (Chicago)
Dial by your location
+1 646 876 9923 US (New York)
+1 312 626 6799 US (Chicago)
+1 301 715 8592 US+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782
USMeeting ID: 626 982 239
Find your local number: https://zoom.us/u/aezb8ZkEPs
Trading & Investing Short-term
What I am looking for in order to be a buyer tomorrow, ahead of a trillion dollar stimulus package is a horrible market close today followed by “limit down” tomorrow. That would convince me that enough people have sold to start moving back in.
Regardless of market action, there is likely a trade to be made as stocks have hit fair value for the first time in a long time and the stimulus will create a move up. I will stick with the 5 ETFs whether I am investing or trading.
If the stock market rallies throughout today and tomorrow, then I will likely look to trim into any Monday rally. Why? Sell the news. If people are buying today and tomorrow and Monday morning, then we are jumping too fast and I will want to clean up some bad positions.
Here is last night’s webinar for your review.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.