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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: PJr who wrote (132912)	3/4/2020 8:04:16 AM
From: robert b furman	1 Recommendation Recommended By berniel Respond to of 207444

HI PJr, No I think the fed's 1/2 point cut was the excuse for yesterday's drop. There seems to be a track record of the Fed YOYO after a cut in rates. Fed announces a rate change - the market drops that day. People think about rate cuts as being pro business overnight and the market comes back the next day. I think the algo's are written to create the range and reaction = some overnight money being made. Note that big buybacks have been made during these swings. Today's confirmation that T has accelerated buybacks this Q is also out there working. Goldman said their block transaction desk for buybacks has been up huge during this selloff = smart repurchase move for corporations. Just a guess as to why, but the result is the same, sell side accumulation and market maker covering shorts taken to depress price ( buy at wholesale, sell at retail). Full moon on the 9th with WWW on the 11th = possible accumulation points. Up into expiration on 20th = just the monthly pay check thang for Wall Street. No doubt this check will be larger than normal. Offsets are huge for the next 2 weeks - both 10 and 30 - especially 10 day. up into expiration with a possible post option adjustment period followed by huge offsets hitting in the 10 day clx offset time period. That takes us into April and tax paying time - ERG! Bob