Allison Ostrander - Market and Induvidual Stock Comments – Wed 11 Mar, 2020

A cautious bull watching some near term targets for US markets

For all you traders Allison Ostrander has some great comments on how to trade these markets. Most importunately she backs up her price levels with historical references to 2008.

Click here to visit the the Simpler Trading website and folllow along with what Allison is trading.

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Comments:
  1. On March 11, 2020 at 6:56 am,
    Covid Kid says:

    Allison Oleander has a great title, Director of Risk Tolerance. Hah! A lot of risk to tolerate in the debt fueled Wall Street casino. The world is drowning in debt and we ain’t seen nothing yet. Why doesn’t she mention that?

    Yes, Clorox a great stock to buy. Huge demand for cleaning all the cr@p off the sidewalks in San Fransicko.

    • On March 11, 2020 at 7:27 am,
      OOTB Jerry says:

      Ditto on the title…………..lol……….sign of the times……….. 🙂

  2. On March 11, 2020 at 7:21 am,
    Dick Tracy says:

    The expected recovery in the stock market is not coming. Monday was a big drop, Tuesday the markets recovered I/2 of their previous losses, Wednesday we are starting out with another Niagara liquidation. Two steps down, one step up, the pressure of selling orders means margin calls. The madness of 2020, once the selling pressure is over it will be a constant drift to the bottom. The financial system is in need of major surgery not major stimulus.DT

    • On March 11, 2020 at 7:29 am,
      OOTB Jerry says:

      The Toast is burnt……………. Gold is going higher……….https://www.zerohedge.com/markets/goldman-calls-it-bull-market-ending-cuts-sp-target-2450

    • On March 11, 2020 at 8:25 am,
      larry says:

      This is day 27 in this trading cycle…They average about 40 days…So I have to agree a normal cycle would allow a few more waves down in price….A regular old AB=CD down 1:1 for say /NQ is at 7370 which on the weekly chart is a support trend line also at .618 fib on the weekly…All of this is still normal retracement so far…Volumes are now becoming important cue to future action….IMHO

      • On March 11, 2020 at 11:44 am,
        OOTB Jerry says:

        Nothing is normal Larry……….you just think it is………..lol
        with all due respect…..of course……….

  3. On March 11, 2020 at 7:26 am,
    OOTB Jerry says:

    REPO………………$132 Billion………

    • On March 11, 2020 at 7:33 am,
      OOTB Jerry says:

      here ya go……….
      https://www.zerohedge.com/markets/liuiqidty-crisis-getting-worse-day-fed-injects-record-132-billion-overnight-repo
      I do not know why I waste my time……everyone is in VIrus Mania…….

      • On March 11, 2020 at 9:35 am,
        Covid Kid says:

        Don’t worry, Jerry. Steve Munchkin is front and center…he will save the day….what could possibly go wrong?

        • On March 11, 2020 at 12:26 pm,
          OOTB Jerry says:

          ME Worry………….lol………. 🙂

    • On March 11, 2020 at 7:58 am,
      Dick Tracy says:

      Jerry, I’m sure the Bankers pool backed by The Federal Reserve is openly buying securities on the stock market and has been for some time. They won’t let themselves be audited, that means the situation is more critical than $132 billion. DT

      • On March 11, 2020 at 8:07 am,
        OOTB Jerry says:

        Ditto , I agree…….

        • On March 11, 2020 at 8:22 am,
          OOTB Jerry says:

          Banks are in a pickle……..according to Booth……….yesterday…..

      • On March 11, 2020 at 4:55 pm,
        David says:

        Corruption waits for nothing. Just another day of transferring wealth.

  4. On March 11, 2020 at 7:38 am,
    OOTB Jerry says:

    Gold down on London rate cut……..I think……..BOE….cuts .25 %………
    London always puts a damper on the program…..wonder when the boyz will need to move out of the room because of the virus …………lol

  5. On March 11, 2020 at 7:45 am,
    OOTB Jerry says:

    IRS Cleared to Confiscate IRA and 401(k) Money

    Just when you thought Congress couldn’t get any worse…

    It passes a bill like H.R. 1865… perhaps the worst financial bill in United States history.

    A writer for The Wall Street Journal said that “the bill would reduce the value of all retirement savings plans: IRAs, 401(k)s, Roth IRAs, the works.”

    A CPA writing in Forbes said it “gives the IRS carte blanche to confiscate up to one-third of your IRA.”

    • On March 11, 2020 at 7:57 am,
      Covid Kid says:

      The criminals in goooberment and Wall St are going to steal every penny they can from the sheeple. They will never cease finding ways to shear the sheeple.

      • On March 11, 2020 at 8:09 am,
        OOTB Jerry says:

        One reason to be your own banker………what a joke……the IRA and Roth was a joke to begin with …….delayed tax on wealth….

        • On March 11, 2020 at 8:12 am,
          OOTB Jerry says:

          Everything conveniently on a piece of accounting paper……..controlled by CEDE and company……lol…….people should check out where their real wealth is……sure is not in the stock market…..

      • On March 11, 2020 at 8:49 am,
        John Kruschke says:

        There in lies the irony. Could some one please explain to me how the President was going to make America Great Again, when we find ourselves over 23 Trillion in debt plus entitlements.
        Can you say Brain Dead Mental Snowflake.Of course the alternative was Hillary.
        What a sad state of affairs we find ourselves in as a Country.

        • On March 11, 2020 at 8:55 am,
          Matthew says:

          Chartster will explain it to you but you won’t understand unless you believe in the tooth fairy.

          • On March 11, 2020 at 9:27 am,
            cfs says:

            You and I disagree over this one in the extreme, Matthew, I know. I agreed with you for a long time. It had been drummed into me all my life to worry about excessive debt. I was worried about Trump, primarily because I knew he had driven businesses into bankruptcy several times.And then I examined the difference between people, businesses and countries.
            There are two big differences.
            !. Countries have more control over interest rates than people or companies.
            2. There is a difference in bankruptcy, in that when a country declares bankruptcy, it does not have its property/land taken away.
            Thus in the meantime I expected Trump to drive the carrying cost of debt down by lowering interest rates. (The potential danger here is currency devaluation, but other countries are behaving similarly, so no problem there…the dollar is relatively strong.
            Then after reelection I expect Trump to spend a lot of money on re-building infrastructure. (Is that not making America Great Again ?)
            Then, once all the infrastructure is renewed, I expect Trump to default on Debt…..Essentially declaring Bankruptcy. What can the rest of the world do ? Refuse to lend money ? It was going to do that sooner or later anyway.
            With a built up defense force, with a removal of many Troops from overseas, with a renewed road,rail,bridge system, those costs are reduced and perhaps the US can start to live within its income. (There’s no interest on the National debt, that has been defaulted on.) Think about it.

          • On March 11, 2020 at 9:43 am,
            Covid Kid says:

            “Then, once all the infrastructure is renewed, I expect Trump to default on Debt…..Essentially declaring Bankruptcy. What can the rest of the world do ? Refuse to lend money ? ”

            So what happens to all the state and local goooberment pensions holding all those treasuries? There is no free lunch. Someone’s gotta take it in the shorts and it ain’t gonna be our rulers.

          • On March 11, 2020 at 9:48 am,
            cfs says:

            Of course, if the U.S. defaults on its debt, other countries will follow and there’s the debt Jubilee.

            But consider the alternatives.

            Do you really think it is possible for the U.S. to tighten is belt and live within its means, begin to save money and pay down the debt.
            I don’t think that is possible. First it would take generations. Second it would be political suicide to the party that tried it. Americans have gotten used to too many giveaways.

            The other alternative is simply to continue to spend and borrow until we are forced to default anyway, without having rebuilt the infrastructure.
            I just think Trump’s character is to rebuild the U.S. to be the best in the world…..which is not what it is right now.

          • On March 11, 2020 at 10:42 am,
            Matthew says:

            You’re as bad as Chartster, CFS. Debt is the theft of future prosperity and this debt-based monetary system is pure theft. Have you not noticed that the dollar has fallen 80% versus gold since 2001? Much of that decline in purchasing power is due to inflation via deficit spending and is nothing more than wealth redistribution or, as honest people say, theft. And speaking of theft, how do you think Trump will fund his infrastructure projects? Do you not understand that government’s have no money of their own? His FDR-style make-work is a much better idea than war, economically speaking, but it still delivers very questionable real value relative to the stolen money that will be spent on it. Government is never cheap or efficient in any of its undertakings, to put it mildly.

            The bottom line is that debt makes all of society much worse off in the long run and much more dependent on the government (which grows massively due to debt.)

            The fact that you don’t mind a central bank holding interest rates down artificially shows that you are quite the leftist that you claim to hate (that goes for all neocons). It will take MASSIVE “printing” (theft) to keep rates down. I’m talking principle here. Leftists are collectivists (as opposed to individualists) and at the heart of collectivism’s destructiveness is wealth redistribution. It doesn’t matter if the looting is for welfare or warfare, the individual is screwed.

            Re: “The potential danger here is currency devaluation, but other countries are behaving similarly, so no problem there…the dollar is relatively strong.” — That statement goes from absurd (“potential danger”) to idiotic (“but other countries are behaving similarly, so no problem there”).
            Currency devaluation is a certainty if rates are held down and purchasing power will be lost regardless of the state of other currencies. Those who can least afford to have their savings wiped out are the ones that will fare the worst but even people in the upper middle class will take a huge beating causing many to lose their retirement dreams altogether.

            One of the few things Keynes got very right:
            “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

            You and Chartster represent the tip of the sheeple iceberg so that quote can’t be reiterated often enough.

          • On March 11, 2020 at 12:15 pm,
            OOTB Jerry says:

            UNBELIEVABLE………..Professor………you have learned NOTHING>>>>>.in 10 yrs.
            Concerning debt…………you should run for office……lol

          • On March 11, 2020 at 12:25 pm,
            OOTB Jerry says:

            Of course, if the U.S. defaults on its debt, other countries will follow and there’s the debt Jubilee. YOU SAY….
            Of course Professor………..I will give you extra credit……because you are now thinking or saying….there might be a DEBT JUBILEE……..and before, you said it was impossible….LOL

        • On March 11, 2020 at 9:37 am,
          Covid Kik says:

          ” Could some one please explain to me how the President was going to make America Great Again, when we find ourselves over 23 Trillion in debt plus entitlements.”

          Sorry, it’s way over my head…something to do with 4D chess…or are we up to 5D now???

          Anyway, Chartster can square us away on that.

          • On March 11, 2020 at 10:00 am,
            cfs says:

            What’s the alternative ? Continue as we are and go bankrupt anyway, without having rebuilt infrastructure.
            Many STates and Cities are close to bankruptcy right now, did you think the Federal government was going to bail them out ?
            With what ? More debt that drives the central government into default anyway ? It may do that, I don’t know, but Puerto Rico started me thinking. A complete bail out there would not have worked.

          • On March 11, 2020 at 10:33 am,
            John Kruschke says:

            CFS:
            Where you continually miss the mark is the effect that excessive debt has on the people and their psyche.
            Of course this isn’t statistically measurable so I wouldn’t expect you to understand.

          • On March 11, 2020 at 11:51 am,
            OOTB Jerry says:

            DIng dong……..the roads are suppose to be taken care of by the gasoline tax, and freight charges …….ask truckers what they pay….
            Water utilities are paid by the water bill……
            Sewer, electric the same.
            WHAT infrastructure are you referring………

          • On March 11, 2020 at 11:57 am,
            OOTB Jerry says:

            …Ding Dong……is not a character reference…, but, a wake up bell….

    • On March 11, 2020 at 6:15 pm,
      JMiller says:

      This has to do with what happens to your money in a retirement plan after you die and the tax consequences to your beneficiaries. You make it sound like something more serious.

      • On March 11, 2020 at 6:39 pm,
        OOTB Jerry says:

        Under the new law, even if the spouse is a possible beneficiary, there is no waiver from the 10-year payout rule. The change accelerates tax payments for the trust at the highest income tax rate on all income over $12,800. Once again, this is probably not what you intended.
        If you have significant assets and expect to be subject to the 40% federal estate tax, consider giving the IRA outright to charity at your death. After all, the individual beneficiary will only realize about 28 cents on the dollar after paying both income and estate taxes on the IRA. In other words, your child will only realize $280,000 of a $1 million IRA…………
        I think this is going to be a REAL PROBLEM…………
        IT is serious………..since………..40 years ago……….nothing was mentioned…..like a 40%
        tax…….on future accumulation…….

        • On March 11, 2020 at 6:43 pm,
          OOTB Jerry says:

          BTW……..How you been doing J.M……….

          • On March 11, 2020 at 7:19 pm,
            JMiller says:

            I am doing OK. I do not have the virus yet. /sarc

            As far as that Secure Act, those quotes you gave made it sound as if they can confiscate my IRA like some kind of bail-in while I am still alive. Since I have no spouse or children, it is not a serious thing to me. With other people though it is.

          • On March 11, 2020 at 7:30 pm,
            OOTB Jerry says:

            J.M………thanks for the follow up……….
            Glad to hear you are doing OK…….

  6. On March 11, 2020 at 8:20 am,
    OOTB Jerry says:

    Anyone listening to the GANN REPORT……….?

    • On March 11, 2020 at 9:39 am,
      Covid Kid says:

      Can’t. Don’t know where it is.

  7. On March 11, 2020 at 8:28 am,
    larry says:
    • On March 11, 2020 at 9:06 am,
      cfs says:

      AND IT IS MUCH TOO LATE.
      The world has blown this one. The Wuhan virus is now IN COMMUNITIES, it can no longer be stopped. It can only mutate itself out of existence.

  8. On March 11, 2020 at 9:11 am,
    spacenormal says:

    At the 14:40 mark,this gentleman describes what is happening today. This video is ten years old. Is corona virus a bio-weapon?Clif High calls it the sun disease that has been showing up in his data for years.

    https://www.youtube.com/watch?time_continue=9&v=d86DRn7T098&feature=emb_logo

    • On March 11, 2020 at 3:29 pm,
      OOTB Jerry says:

      Gates Foundation is involved with it……..what do you think……..just asking
      I have posted several times ……in the last few weeks……info….concerning the connection with Gates….and the virus.
      I think I remember…..someone said Clif use to work for Microsoft…..
      You can start , if , you want with info submitted FEB 22, on the week end show……

  9. On March 11, 2020 at 3:54 pm,
    OOTB Jerry says:

    Human Lab Rat………….and make $4500 ……..testing the virus………LIKE DUH
    https://www.zerohedge.com/markets/attention-broke-millennials-lab-will-pay-you-get-infected-covid-19
    Human Lab Rats Needed
    The offer comes from London-based company Hvivo, which is seeking 24 healthy individuals at a time to receive the weaker shots of Coronavirus before being administered vaccines in what the Times of London described as “a $2 billion race to find a vaccine” for COVID-19.