Stock Market Today and stock chart technical analysis review for Thursday, April 9, 2020. Today, we discuss the S&P 500 and Dow Jones Industrial Average and the weekly US jobless claims topping 6.6 million.
Featured Stocks: SPY, SPX, DIA, NDX, CRON, CGC, SPCE
Timestamps
0:00 Intro & headlines
1:35 XLF & Banks
2:00 Notable HYG options activity
3:30 Economic Data
4:30 SPY technical analysis
7:20 Further oil cuts coming
7:35 Global markets
7:50 Best week on SPY since 2008
9:00 How did we get here?
11:15 300 or 250 first (SPY)?
11:50 Fed cannot buy stocks, they buy debt
14:00 People are in disbelief
15:00 Warnings in advance that the market was bullish
18:10 Algo review
20:30 Q&A
21:00 FB technical analysis
22:50 CCL technical analysis
24:20 TTD technical analysis
27:30 ZM technical analysis
29:20 SPCE technical analysis
30:30 VTR technical analysis
31:30 THC technical analysis
32:30 XLF technical analysis
33:15 Should I hold when a stock reaches my target?
34:50 WMT technical analysis
35:50 BA technical analysis
37:00 Recap
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We are drawing second leg.
Great info
Glad you think so!
I’m very new to the market and I am starting slow and learning as much as I can, I have a very small account but I want to get in, but I also want to learn before I loose. Something interesting that I picked up on; at one point in your videos over the last week, when you were more on the bear side. I dont remember your quote exactly, but you said you were leaning to bear because each time this plummet happens there is a retest, however! In the same sentence you said the only time we have seen a V pattern is when the fed got involved, like 08-09. Which was a flag to me, because that is exactly what they did, the fed got involved, so I thought that was strange and went bull instead. Any more insight on this? Love your channel! Thank you!
Not quite true. There have been plenty of v-shapes in the past few years. Just no v-shapes in a seeming massive recession.
Appreciate the comment, thank you =) Having a healthy skepticism in this market is good, the only time we didn’t retest the lows was 2018 – every other time we retested. Odds are on a retest, but that could be 2020, 2021, 2022. hard to tell exactly when. Cheers!
He can not handle criticism, trash talks to people and clearly does not know what he talking about and he’s wrong about 80% of the time, anyone who has a different opinion than him is a “troll”. What a joke of a person.
Thank you for subscribing to the channel 6 months ago, actions speak louder than words =)
Thanks for the video!
You’re welcome!
hopefully the quality of the question is on an upward trend past the VWAP and holds that trend.
If the quality of questions hits a reversal to the downside and breaks support, it can get very ugly here indeed.
LOL Daniel, thank you for this – gave me a nice big laugh =)