Attached are full screen shots of Dow Jones, Nasdaq, S&P 500 and Gold with indicators and HA candles. Each have printed a monster island bottom, followed by a smaller island bottom and are currently above the highs of both. The Coronavirus has essentially created compressed cup and handle patterns ALL over the charts. All indexes and quality stocks have broken out above the handle top, but many are bumping up against or approaching serious resistance ports that were previously secondary or tertiary supports. Breaking through these would be *extremely* bullish.
Obviously if all the Covid-19 victims suddenly rise from the grave, all bets are off. However, all signs are pointing towards great progress not only in 'flattening the curves' but also in therapeutics, prophylactics and vaccine candidates. That means declining medical demands met by capacity surge, quicker and greater number of recoveries that do not require ventilation, a society well adjusted to the 'new normal' and less concern of mass death as things begin to re-open. Combine that with the President's rail gun money and I see rocket ships all around for quality and fiscally responsible companies, as well as just about anything in tech, staples, building, communications, cloud, infrastructure and more!
Just be sure to exercise caution with highly speculative commitments to low-quality stocks... but there are definitely some sleepers out there waiting to explode! (like FPAY)
Also, maybe be carefull in the small caps.. lots of bad news will be coming out of there I imagine.
The stock market is speaking.. you should listen. It is saying that WE ARE NOT AFRAID and WE BELIEVE IN THE USA!!!
Show your support by investing for the long time in our country, and STOP SHORTING AMERICAN COMPANIES!!
Dow Jones Daily
Dow Jones Weekly
Nasdaq Daily
S&P 500
Gold Daily
America is GREAT again, show your support!
Obviously if all the Covid-19 victims suddenly rise from the grave, all bets are off. However, all signs are pointing towards great progress not only in 'flattening the curves' but also in therapeutics, prophylactics and vaccine candidates. That means declining medical demands met by capacity surge, quicker and greater number of recoveries that do not require ventilation, a society well adjusted to the 'new normal' and less concern of mass death as things begin to re-open. Combine that with the President's rail gun money and I see rocket ships all around for quality and fiscally responsible companies, as well as just about anything in tech, staples, building, communications, cloud, infrastructure and more!
Just be sure to exercise caution with highly speculative commitments to low-quality stocks... but there are definitely some sleepers out there waiting to explode! (like FPAY)
Also, maybe be carefull in the small caps.. lots of bad news will be coming out of there I imagine.
The stock market is speaking.. you should listen. It is saying that WE ARE NOT AFRAID and WE BELIEVE IN THE USA!!!
Show your support by investing for the long time in our country, and STOP SHORTING AMERICAN COMPANIES!!
Dow Jones Daily
Dow Jones Weekly
Nasdaq Daily
S&P 500
Gold Daily
America is GREAT again, show your support!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.