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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (8310)	2/27/2020 12:38:37 PM
From: kimberley	Read Replies (1) \| Respond to of 26782

Opening, and trading in, my ROTH was the smartest thing I've ever done in my life.

To: Kirk © who wrote (8310)	2/27/2020 2:13:31 PM
From: robert b furman	Read Replies (1) \| Respond to of 26782

HI Kirk, I think that may be a valid point - since it was in sinc with Chuckie Schumer and Nancy criticizing his preparation. He got criticised for shutting off Chinese tourists immediately - that was an exactly "right on" call. There is zero need for politics to enter, but those fools can't help themselves. I just sold some JAN 21 2022 $50.00 XOM puts for $8.15. A net price of $41.85 - huge premiums out there to be plucked. Here's a little clx analysis I just did on this decline vs Dec of 2018's decline:f this is to be like December 2018, today should be the end of the fast fall. Tomorrow would be quietly positive. The six huge big down days from 12/17 to 12/24 were all negative clx days: 12/17 -23 5 day tri @4.96 12/18 -13 @4.71 12/19 -26 @5.02 12/20 -28 @5.22 12/21 -26 @6.13 12/24 -27 @7.24 12/26 + 3 @6.50 12/27 +3 @5.66 An average of 23.83. for the days of 12/17 to 12/24 Starting the count on 2/20 to 2/26 we have : 2/20 -12 5 day trin @5.91 2/21 -11 @5.48 2/24 -26 @5.17 2/25 -29 @4.99 2/26 -22 @6.71 An an average of 20.00 (for the 5 high clx days) and finally the market makers are scooping up shares being sold from fear starting yesterday with a 5 day trin above 6. Note how the - clx drops off and slightly goes positive. There were a lot of people who did not trust the bottom was in. The early bird got the juicier worm.<smile> Bottom line the big selloff in late december lasted 6 very negative clx days. Now the difference between Clx and Clxpp = Aydis. Aydis positive is accumulation (retail buying), Aydis negative is distribution (retail selling) The greatest negatives in December 2018 Aydis happened, on 12/20 @ -8.7 -8.3 on 12/19 and -7.7 on 12/21 - a cluster of 3 day in a row with an average of -8.23 (almost to -9 a daily) The recent Aydis starting with 02/24 has been : 2/24 -9 2/25 -9 2/26 -9 A daily average of -9. So far it has taken fewer days to get the climatic distribution selling from the retail stockholders. So today was the sixth day of high selling (amongst the 30 DJI clx stocks) and it has caused a greater distribution of stock (more negative clx and it is beginning to show up in the 5 day trin (in a more negative 3 day average of -9). Lastly the 30 day average of clx30 when the big decline in December of 2018 became negative on 12/18 @ -.27 (The second day of big negative clx). This corrective wave first had the 30 day clx turn negative on 2/21 ALSO the second day of big negative clx and it was at -.31. Amazingly similar stock price/volume data isn't it. The big story? 2018 was an impending fear of recession (that did not happen,although trade trade talks did slow down business with fears of tariffs) 2020 has had fear of a pandemic virus that has gone international - but the death toll and hospitalizations stand at substantially lower numbers than we see every influenza season in JUST the US! One last similarity. Both 2018 and 2020 have had the "EXCUSE DU JOUR" hyped and mentioned in both business news and the MSM. In short it is Wall Street making sure that stocks trade form the weak hands to the strong hands at a fast and scary pace and at substantial discount. It just amazes me how the fear gets pumped up as if it is scripted. I think it surely is. Buy the DIP Rosedale! - better yet sell puts in a stock you'd love to own. The premiums are huge today! If you want sell half today and wait for the clx numbers to go positive and then sell another half. Go out far in time and at a really low strike. In Time Decay you can trust! IT IS NOT DIFFERENT THIS TIME - IT JUST HAS A DIFFERENT EXCUSE. Bob Bob