All the data information from math figures to researching the value of the dollar was pointing at so many signs of this correction that was coming. Well at least we were prepared and ready for it and waiting to happen. Examining the performance of the dollar before the last two stock market crashes that happened on September 29th, 2008 and the most recent one on February 20th, 2020.
Seeing the dollar rising on the early morning was signaling that the correction was upon us and yes I had put some funds on the side, just waiting to find a stock to buy. This how much the Relative Strength Index had dropped on all three of the major US stock market boards. The DOW had an 18 percent drop today (9/3/20), the NASDAQ and the S & P 500 both had fallen by 25 percent on the Relative Strength Index. All three US stock market boards fell into the 50's on the Relative Strength Index and so the DOW and S & P 500 are attempting to push themselves into the plus side for percentage in the after hours. The NASDAQ is quite behind the other two major US stock boards, the overseas market has opened for Friday (9/4/20). One thing we noticed was the Asian Markets were going through a downward tread for a bit and so they are trying to push towards the positive side.
Right now the after hours for all three US major stock boards are at: the DOW is down by .11 percent, the S & P 500 is down by .38 percent and the NASDAQ is down by 1.31 percent.
With us already expecting this correction happening from figures we have put a bid in to purchase SINTX Technologies at the price of $1.55 for 96 shares. This stock is estimated to reach $4.25 in 12 months from now, it was below the 40 percent Relative Strength Index. The stock symbol is SINT, the MACDs that we examined were beginning to turn this stock around and so momentum on this stock should kick in within a few days. This company develops and manufactures medical devices that it sells for the product of silicon nitride, that are used in to make hip and knee replacements.
The investments that we had purchased are health stocks and weren't hit so hard like some of the tech stocks on the NASDAQ. Apple had ended up losing $180 billion dollars and it was the most that any company has lost in one day. Today our investments only fell by $36 dollars and the day before we had made around $40 from those investments. The experimentation was down by around $2 thousand and had added SINTX Technologies onto the experimentation, with 31 different stocks that are being used to test our experiment. Still have over $9 thousand to add two more to the experimentation and will be doing the research in examining more stocks over the Labor Day weekend.
Another item that came out in the news was that the Democrats and Republicans had agreed to pass a bill so that the Government Offices aren't shutdown when October 1st comes around.
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