Nasdaq & SOX leading indicators for market.....

Nasdaq & SOX are showing major technical strength by being above 50 & 200 DMA.....both ready to make  " golden cross "

S&P 500 is above 50 DMA but below 200 DMA......

DOW only 250 pints away from being above 50 DMA....

It has been a long time since we made such a decisive technical improvement....

Oil made another 18 year low but oil stocks & XLE were flying 10% higher.....

Earnings are coming daily, banks were greeted with downbeat reaction which surprised me.

Earnings for last Q and this Q is a write off considering everything is shutdown @ the moment....

I expect most industries & sectors to get back to operation sometimes in May with new rules and less congestion.....

Airlines, Shipping & Casinos should be operational....in May...

Macau has opened with new format.....

Starting in June which is the last month of Q 2 should bring new reality into Sales picture.

Some states are opening as of Monday as are some Countries relaxing shutdown.....

Gradually we should get some Sales into mix......

Many hard hit industries like Oil, Airlines, Shipping & Casinos will move the-most from here....as they have been trashed the-most.

SO...have a mix of speculative stocks with strong stocks to get max return on investments....

Good luck with your own understanding of economic picture & comfort level with speculation.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed