Market Overview

  • Premarket Down
  • BTC Down
  • Gold Up
  • WTI Down
  • Brent Down
  • Bonds(yield) Down
  • Vix Up
  • BA raised to Buy from Neutral with a new price target of $173 by Goldman Sachs
  • Where's Bottom?
    • When the daily new cases for COVID-19 in the U.S. start decreasing OR when the vaccine is available for everyone.
    • When "too big to fail" companies are survived.
    • When the country like Italy or emerging countries are survived.
    • When all of above are true
    • Timing wise, I think May-June(I never changed since this crisis started)
      • If U.S. is able to follow Korea path, it could be sooner.
  • $1 trillion 'Phase 3' package of economic support vote has been rescheduled to this afternoon.
  • Signs of a slowdown in new Covid-19 cases in Europe

Flags from Friday




Short Flag: When short fails, it usually leads to a big bounce followed by a Rally. I consider this as an opportunity for a bonus day trade.