Suckers Rally coming to an END?

Has the seven week Relief Rally morphed into a Sucker’s Rally?  I hope so.  I’ve been waiting for another buying opportunity. Today the S&P 500 was down 1.75%, not as bad as yesterday’s 2.05%; and unlike yesterday’s horrible close, today the index improved during the final minutes of trade.  But things don’t look good.  OverContinue reading “Suckers Rally coming to an END?”

2nd Wave Panic- Relief Rally Failing

As the COVID19 death tolls peak and stabilize, the Relief Rally looks like it’s failing.  The S&P 500 lost support at its 50 day moving average.  If it breaks its short term trend line at 2700, then it’s likely the index will fall to at least the 2500-2600 range. Given the extreme media pessimism overContinue reading “2nd Wave Panic- Relief Rally Failing”