Summary

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

https://zoom.us/j/626982239?pwd=enNxWXNyZUtnL0d0bk5Qdko4T3NUUT09

Meeting ID: 626 982 239

Password: Kirk

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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.