My personal opinion is Trump caves and gets out of Middle East in the next two weeks so the Strait opens back up and he can focus on midterms which aren't looking too good. The economy and oil was literally all he talks about before this and both are shit now.Fair point, I did pull the 20% out of a hat so to speak. I was more just expressing that we are crossing some fairly significant boundaries. Looking at the 5Y chart there was only 1-2 time that we dropped below the 200DMA and didnt linger there longer than a month.
Once we sorta touched it and bounced, another time we spiked down hard and within a month or so recovered, the rest seem to be extended stays. I'm mostly curious as to how long we linger below or fail to overcome. The longer that happens the stronger the chance for a more steady downward trend. I think the last drop below it was April 2025 where it basically nose-dived hard for what, 2 weeks(ish) and then proceeded to race to all time highs.
I'm not trying to be doom and gloom or perma-bear, just proceeding with caution at the moment.
Dow index is better awareness for the retired boomers who need their dividends.![]()
Dow jumps 900 points at the open after Trump says U.S. and Iran have held ‘productive’ talks: Live updates
The Dow and Nasdaq fell around 2% each last week, while the S&P 500 lost 1.5%.www.cnbc.com
It cracks me up how these guys still quote the Dow Jones. Has the Dow Jones been a thing really since the 90's? Why don't they quote the S&P 500?
Roughly $580 million in oil futures and $1.5 billion in S&P 500 futures traded hands in a sudden, isolated burst around 6:50 a.m. New York time on Monday — approximately 15 minutes before President Donald Trump posted on Truth Social that the United States and Iran had engaged in "productive conversations" and that he was postponing planned strikes on Iranian energy infrastructure for five days. The timing has ignited calls for regulatory scrutiny and reignited concerns about potential insider trading tied to national security decisions.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf calling Trump's claims "fake news" aimed at manipulating "the financial and oil markets".
Suspicion extended beyond traditional markets. On the prediction platform Polymarket, at least ten recently created accounts had placed bets totaling roughly $160,000 on a U.S.-Iran ceasefire before the end of March — wagers that could yield over $1 million if correct.