Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.
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Weekly Update
- WORST WEEK ON RECORD
- Futures – Limit Down (2), Limit Up (1)
- Market Halt (2)
- 20, 28, 8350
- Fastest Slope for 20% Correction EVER
- Back to the Past
- Small Caps (IWM) Below 2016 Election level
- SP500 Took back all of 2019 Gains
- NASDAQ back to June 2019 Levels
- Social Distancing
- Impact on Events, Travel, Entertainment, Sports
- Airlines, Cruise Lines, Media, Ticketing, Restaurants
- Recession Pricing In
- Panic /Indiscriminate Selling, “Baby with Bathwater”
- P/E Back to 15, PEG – 1.6
- Fed Watch
- 1% Cut Priced In for March 18th Meeting
- $1 Trillion Emergency Injections (across curve)
- New QE May Be Announced
- Potential for Additional Tools – Bond Market in Disarray
- Oil Shock
- OPEC/Non-OPEC Price War
- Saudi Price Cut – Production Ramp
- Economic Reports
- CPI – Inline, PPI Showing Deflation
- Initial Claims – No Increase in Layoffs Yet
- Next Week:
- Retail Sales, Industrial Production, Housing Starts, FOMC Rate Decision
- New Product Launch – AlphaTrends Anchored VWAP
TradeStation AppStore Showcase and Commander Series Version 12 Update
- Earnings – Moving Down Estimates
- Store Closings, Work from Home, Consumer Grim Outlook
- Make sure you are on mailing list for webinar updates.
- Ask About the 4-Hour Online Coaching Program
Movers
- Stocks to Watch: GDX, @CL, RCL, CCL, ADBE, JETS, XOP, NCLH, LYV, BA, TBT, IWM, DOCU
Your Symbols
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