A Plan in Motion
While there might be many variations, there are three schools of thoughts right now with regards to the market’s future, or more specifically how people are playing the current market conditions from an investing point of view. A more detailed version of these schools of thought can be found here. A brief summary of these schools of thought are:
- Bullish Thesis – Don’t want to miss out on any rally. Believe coronavirus will be contained eventually and stimulus money will offset the economic damage done.
- Bullish Thesis – Willing to wait for some combination of retesting of lows, better levels of prices or more confirmation of successful coronavirus mitigation efforts and economic data that points to a healthy economy. This group essentially buys the bullish thesis but are willing to miss out on a sharp rally if that were to occur for better prices/more confirmation.
- Bearish Thesis – for a variety of different reasons think the bullish thesis is underpricing obvious risk to the economy.
Where do you stand as are about to start the month of April? Better yet, are you going to content with the decisions you make today based on your investing plan regardless of the outcome in a market with so many different variables? Gathering information, formulating a plan, executing that plan and being content with the sound and logic decisions being made today will go a long way in helping you control both fear and greed in an extremely volatile market.
Chart of the Day
Day Trading Pattern
A nice consolidation pattern emerged over nearly a three hour period before leading to a breakout and short-term daytrading opportunity. These consolidaiton patterns, while not perfect, have been consistantly one of the better patterns in the market over the last month.
Video of the day
Mental Health Tips
Country Singer Joe Diffie sadly passed away yesterday due to complications from Covid-19. Thoughts and prayers with his family and so many others at this time.
Today’s line up
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