LagunitaLLC

NASDAQ 03/09/2020

TVC:NDQ   US 100 Index
+After what happened today, VIX index might be peaking. There were lots of bad news about COV-19 (canceled events) and OPEC (oil deals). These fueled the fear in investors, consequently created a second market sell-off. However, companies are making moves to maintain their businesses and their employees income because of this chaos. For example, tech companies encourage their staff to work from home; schools classes are now 100% online (some universities in Washington State); volunteer to take day off at some companies (saving cash instead of lay-off)... People are adapting.
+Technical analysis: Come back in next week. If things wont get any better, there could be another sell-off. Hopefully, it is not dead cat bounce.
Good luck yall
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