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|

Stocks SOARED Yesterday

Circuit breaker limits today Level 1 – S&P must fall 7% – 177.04 pts Level 2 – S&P must fall 13% – 328.79 pts Level 3 – S&P must fall 20% –505.84 pts. Stocks SOARED yesterday (go figure) after the massive beating they took on Monday. Futures all over the place in the morning suggested [...]

By |2020-03-18T11:03:10-04:00March 18th, 2020|Morning Thoughts by Kenny Polcari|

Stocks Got Hammered

Circuit breaker limits today Level 1 – S&P must fall 7% – 189.77 pts Level 2 – S&P must fall 13% – 352.43 pts Level 3 – S&P must fall 20% –542.20 pts. Stocks get hammered – falling almost twice the amount of our European counterparts. The Dow losing 3000 pts or 13%! The S&P [...]

By |2020-03-17T11:03:08-04:00March 17th, 2020|Morning Thoughts by Kenny Polcari|

“And the Beating Continues.”

Circuit breaker limits today Level 1 – S&P must fall 7% – 173.64 pts Level 2 – S&P must fall 13% – 322.48 pts Level 3 – S&P must fall 20% –496.13 pts. And the beating continues. Stocks got absolutely smashed as the Dow, S&P, Nasdaq and Russell careened out of control, triggering for the [...]

By |2020-03-13T11:03:11-04:00March 13th, 2020|Morning Thoughts by Kenny Polcari|

So You Think This is Over?

Circuit breaker limits today Level 1 – S&P must fall 7% – 201.75 pts Level 2 – S&P must fall 13% – 374.69 pts Level 3 – S&P must fall 20% –576.45 pts. Stocks rallied hard in the morning rising 1000 pts, before giving it all back by 11:15 and then falling an additional 160 [...]

By |2020-03-11T11:03:45-04:00March 11th, 2020|Morning Thoughts by Kenny Polcari|