Back to back 3%+

First time since November 2008 that SPX dropped more than 3% two days in a row.

#FallingKnife stocks within the SP500…

#FallingKnife stocks within the SP500:
Criteria for the list (Positive P/E {trailing and projected}, Positive dividend yield, New 52-week low)
—– Company — Sector — Industry — Market Cap — P/E — Price — Change — Volume
1 RCL Royal Caribbean Cruises Ltd. Services Resorts & Casinos 19.43B 9.94 89.55 -7.31% 5,885,462
2 MRO Marathon Oil Corporation Basic Materials Independent Oil & Gas 7.23B 15.12 8.92 -5.71% 27,691,491
3 WMB The Williams Companies, Inc. Basic Materials Oil & Gas Pipelines 23.91B 27.15 19.25 -5.64% 20,804,416
4 FANG Diamondback Energy, Inc. Basic Materials Independent Oil & Gas 10.97B 47.10 67.16 -5.51% 3,367,973
5 CCL Carnival Corporation & Plc Services Resorts & Casinos 24.61B 8.29 35.84 -5.08% 16,143,101
6 AAL American Airlines Group Inc. Services Major Airlines 10.09B 6.08 23.12 -9.16% 22,086,887
7 VIAC ViacomCBS Inc. Services Entertainment – Diversified 16.38B 3.29 25.36 -5.83% 24,898,008
8 KSS Kohl’s Corporation Services Department Stores 6.47B 9.42 41.10 -4.71% 3,599,064
9 GLW Corning Incorporated Technology Diversified Electronics 19.87B 24.45 25.72 -4.74% 12,033,298
10 F Ford Motor Company Consumer Goods Auto Manufacturers – Major 29.36B 233.23 7.23 -4.49% 107,899,335
11 GM General Motors Company Consumer Goods Auto Manufacturers – Major 46.21B 6.94 31.75 -4.05% 14,432,693
12 XOM Exxon Mobil Corporation Basic Materials Major Integrated Oil & Gas 232.16B 16.14 54.20 -3.83% 35,473,934
13 CVX Chevron Corporation Basic Materials Major Integrated Oil & Gas 191.83B 58.72 100.71 -3.82% 12,704,268
14 ADS Alliance Data Systems Corporation Services Business Services 4.36B 7.00 93.75 -5.03% 1,128,690

I am avoiding RCL, CCL and possibly AAL as they are all travel related stocks

Gap Opens

Following up to my Post yesterday, here is a chart of all SPX gap opens that were plus or minus 2% or greater since 1/1/2000. Click the chart for a larger view.

On the left is 1/3/2000, and on the right is yesterday, 2/24/20. The cluster near the middle is the 2008 crash. As you can see, a very long gap between 2014 and now.

Screen Shot 2020-02-25 at 2.25.01 PM

CAT

STC Mar 13 137/135 Puts BePS $1.50 bought 2-12-20 for .90

HD

BTO Mar 20 237.5/240.00 Calls $1.22

SPX 1-dte

#SPX1dte Sold $SPX Feb 26th 2970/2990-3220/3240 condors for 1.30. IV: 33.19%, SPX 3140, deltas -.06, +.07.

SPY

STC SPY Feb 28 326/320 Beps $5.00 bought 2-4-20 $1.28 as a hedge profit 368.00 per