2nd Day of Panic Selling !!!

Today the S&P 500 was down another 3%.  It broke support at the 100dma and is down about 8% from the peak…approaching a technical correction.  The VIX topped 30. Where’s the bottom?   I have no idea.  I bought again today (US Broad Market Index SCHB). During the 2018 CRASH, I bought multiple dips because IContinue reading “2nd Day of Panic Selling !!!”

Testing June or December LOWs?

Major turmoil in the markets today.  Have you heard?  There’s a trade war going on. As I mentioned a couple weeks ago, I’m waiting for the S&P 500 to hit its 200dma before I buy this dip.  Hasn’t happened yet, but with the seasonal volatility of August-October, I might just get my chance. Today’s newsContinue reading “Testing June or December LOWs?”

Buy the dip? WAIT for 200dma

Today China devalued their currency and the market selloff is reminiscent of August 2015 when exactly the same thing occurred.  So we’ve seen this play before. Back then, the S&P500 dropped ~12% over a two week period.  In 2015 the concern wasn’t tariffs or a Trade War, but rather a meltdown of the Chinese economy.Continue reading “Buy the dip? WAIT for 200dma”

FED rate cut- Panic or Prosper?

Today the FED announced a long anticipated rate cut and the postponement of Quantitative Tightening.  It was a classic example of “buy the rumor, sell the news”.  The S&P500 dropped more than 1%, breaking below 3,000.  Should you panic?  I’m not.  I maintain the rationale that as long as the economy isn’t headed into aContinue reading “FED rate cut- Panic or Prosper?”

Wish Trump would warn me before he tweets

I wish President Trump would warn me before he tweets !!! Trump’s Thursday tweet about Mexican tariffs came after the market close…as expected, stocks were down significantly on Friday. So is this time to fear?  I don’t think so.  US corporate profits are sound and international valuations are below average- the time to buy isn’tContinue reading “Wish Trump would warn me before he tweets”