Stock Market Course And Heading 06/15/20

Last Monday, after sailing in beautiful weather for 25 days, ↑ 466 points or  17%, the King High Tide finally crested at 3233. I had been preparing for the inevitable storm, calling boats back to the dock during the final sunny days of the tide, with as much as 72% of the fleet moored at the dock.

Then came a violent storm that dropped the seas by  249 points or  7%. Normally,  7% would be a strong signal to set sail, but because of hurricane coronahigh winds and  17% over 25 days, the violent destruction remains firmly in my mind.

Expecting the seas this week in a range between 2950 and 3133 and over the next 30 days the seas could drop to 2750.

Captain's Boat Log:
  • Cautiously launch boats below the 3000 level.
  • Continue sailing boats already at sea.
  • There are no short sailings planned.
Fair winds and following seas!

Trading Tide Levels (at the time of the post):
Subscribe to 10KT Newsletter

This is for informational purposes only and the information provided does not encompass all possible or probable outcomes. Nothing posted here is an indication of future results or is a guarantee or promise of future investment returns. Investing in stocks or bonds carries risks including losing your entire investment. Nothing is recommended, advocated or endorsed including any third-party links, resources or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner with a comprehensive and personal financial plan and all other components that make up your own financial situation.

Popular posts from this blog

Create Watch Lists

Introduction to

Stock Market Course And Heading 06/29/20