Bear Market Trap!

Circuit breaker limits today Level 1 – S&P must fall 7% – 177.90 pts Level 2 – S&P must fall 13% – 330.39 pts Level 3 – S&P must fall 20% –508.29 pts. So was it a bear market trap, that 4000 pt move higher last week? Stock futures were down in pre-market trading on [...]

By |2020-03-30T11:03:37-04:00March 30th, 2020|Morning Thoughts by Kenny Polcari|

Unbelievable!

Circuit breaker limits today Level 1 – S&P must fall 7% – 181.10 pts Level 2 – S&P must fall 13% – 341.91 pts Level 3 – S&P must fall 20% –526.01 pts. Unbelievable! Stocks surged 6.4% taking this week’s gains to better than 20% across the board. So the bear market that happened in [...]

By |2020-03-27T11:02:14-04:00March 27th, 2020|Morning Thoughts by Kenny Polcari|

CONFUSION!

Circuit breaker limits today Level 1 – S&P must fall 7% – 173.29 pts Level 2 – S&P must fall 13% – 321.83 pts Level 3 – S&P must fall 20% –495.11 pts. Enormous! That is the way to describe what happened on Tuesday while CONFUSION is what happened on Wednesday. Now, yes – stocks [...]

By |2020-03-26T11:05:21-04:00March 26th, 2020|Morning Thoughts by Kenny Polcari|

The Algorithms Went All In

Circuit breaker limits today Level 1 – S&P must fall 7% – 171.31 pts Level 2 – S&P must fall 13% – 318.15 pts Level 3 – S&P must fall 20% –489.46 pts.   Enormous! That is the way to describe what happened on Tuesday. As the algos went all in – taking stocks higher [...]

By |2020-03-25T11:06:38-04:00March 25th, 2020|Morning Thoughts by Kenny Polcari|

Hoping for a Plan

Circuit breaker limits today Level 1 – S&P must fall 7% – 156.62 pts Level 2 – S&P must fall 13% – 290.86 pts Level 3 – S&P must fall 20% –447.48 pts. Yesterday morning, US futures were indicating a lower open as Washington, DC falls down. Congress refuses to pass a rescue package and [...]

By |2020-03-24T11:06:00-04:00March 24th, 2020|Morning Thoughts by Kenny Polcari|

Selling Exhaustion

Circuit breaker limits today Level 1 – S&P must fall 7% – 168.65 pts Level 2 – S&P must fall 13% – 313.22 pts Level 3 – S&P must fall 20% –481.87 pts. So the selling finally subsided a bit – it felt as if it was seller’s exhaustion – a condition when the security [...]

By |2020-03-20T11:05:42-04:00March 20th, 2020|Morning Thoughts by Kenny Polcari|

Stocks CRASHED again yesterday.

Circuit breaker limits today Level 1 – S&P must fall 7% – 167.86 pts Level 2 – S&P must fall 13% – 311.75 pts Level 3 – S&P must fall 20% –479.62 pts. Stocks CRASHED again yesterday – as the selling from around the world continued – as markets came under pressure the selling became [...]

By |2020-03-19T11:05:34-04:00March 19th, 2020|Morning Thoughts by Kenny Polcari|
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