The MSM will call it a temporary rebound and then they will tell you the sky is going to fall because 2 senior citizens caught the sniffles in a Seattle nursing home. Those same two seniors are not voting for Trump because of the sniffles.
The huge gain was on high volume. Unlikely to be fool's gold. If it had been on low volume, yeah, then watch out. Four dead in Walla Walla, 2913 dead in China and improving.
Perhaps, the panic is over... Dow up 1294 to 26,703 +5.1% (record single-day gain) Nasdaq up 385 to 8952 +4.5% S&P up 136 to 3090 +4.6%
Fear and overcoming fear. I'm very disappointed as I wanted to see resistance broken at 22,445 with more big drop so I could put some cash to work for real cheap.
Glad you were able to buy at reduced prices. Didn't quite get to do all I wanted to do. One's I wanted to add too were already up too much. Couple other new ones wouldn't let me get in ata decent price. Sold 1/2 my Apple Position at two different points and then put on one sell trade if it goes higher after hours and two buy orders at different points if it sells off and falls. Sold 60% of my BA. I bought QCOM and IRDM and have buy orders at lower prices on AMAT, HD and T. Wait and see what the rest of the week brings. Democrat primaries tomorrow could determine what I do with Pharma's.
But, the economic news wasn't that great BEFORE the virus square. Lower than expected results in last year's 4th quarter.
It wasn't the virus itself, but the anticipated economic consequences of the virus. So...what's changed?
The news. A few people with bad health got it and died. We're not losing half of the population like we were told we would.
Thanks, still, I'm not patting myself on the back one bit, because who knows what tomorrow brings? A couple of good days and my market timing attempt will have worked okay, but the whole thing may go down the drain tomorrow. Perhaps I should have been even more aggressive getting back in, still got some cash sitting. I've been avoiding Apple, Tesla, and Microsoft, except for what is in the mutual funds I have. Darn it, I meant to buy HD today but didn't.