Market Overview

  • Premarket Down: WE ARE IN THE BEAR MARKET! The longest Bull market is ended!
  • BTC Down: Bearish
  • Gold Down
  • WTI Down
  • Brent Down
  • Bonds(yield) Down
  • Vix Up
  • PPI at 8:30 AM
  • Trump: Travel Ban from Europe to U.S. for 30 days, Stimulus but no testing policy for coronavirus
  • ECB, it is time to step up.
  • Bear Market Survival Guide:
    • Reserve at least 50% CASH for any confirmed opportunity
    • Buy in the after noon and sell in the morning at the pop for Swing.
  • I misjudged the market as I was expecting a technical bounce today but TRUMP ruined AGAIN!
  • We may have another circuit breaker activated today.
  • Good news: Unlike other bear markets, this will be short lived until August(estimate) then start to recover after.

Flags from Wednesday




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.