Market Overview

  • Premarket Down: Sell the News????
  • BTC Down
  • Gold Down
  • WTI Down
  • Brent Down
  • Bonds(yield) Up
  • Vix Up
  • Core Durable Goods Orders at 8:30 AM
  • Crude Oil Inventories at 10:30 AM
  • Phase 3 Stimulus Package for $2 trillion reached the agreement
  • The market had the biggest 1 day gain in % since 1933.
  • Today's Market: Opportunity to Sell not to buy.
    • It's great to hear that $2 trillion package is on the agreement by senators. However this is like having Tylenol when you have a flu. The fever could go down temporarily but it takes time until full recovery.
  • System: DAL
    • I am sure everyone knows what's going on. DAL was one of my bucket list during this crisis if you read "LRHR Opinion" over the weekend. It's great if you bought it on Monday for the long term. But I would take some profit at least half portion today. The system can't predict whether the stimulus package would be passed over night or not. So either Up or Down was 50:50. I shorted small anyway for swing because that's what system trade's all about. In fact, who knows it could end up down at the end as it could be Sell the News case.

Flags from Tuesday



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.