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07/20/2018 Live Update

rpccharts
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Re: 07/20/2018 Live Update

Post by rpccharts »

Trades with cats wrote:IS MST taking market share away from Amazon? (in cloud space computing) Or are they increasing their buybacks big time?
I am a MSFT Cloud Developer - Business is up 400% over 2008 - Indian Brains at helm
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Cobra
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Re: 07/20/2018 Live Update

Post by Cobra »

to range high?
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Al_Dente
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Re: NASDAQ Components in a Picture

Post by Al_Dente »

rpccharts wrote:NASDAQ Components in a Picture - Be Careful
CREDIT: Michael Batnick
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 07/20/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_07_20 (12_14_03 PM).png
Friday afternoon in the summer. Range within range within range. Sit on hands afternoon.
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

Almanac reminder:
“Typical” July
http://jeffhirsch.tumblr.com/post/17551 ... half-tepid
today is the 14th trading day of the month
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

added to the potus shithole list yesterday: THE FED
doubled down today
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

Remember Dick Bove, the high-profile bank analyst, from years ago?
Here’s his take on potus and THE FED:
[spoiler: "The president can and will take control of the Fed."] :o :shock: :roll: :twisted:
https://www.cnbc.com/2018/07/20/trump-p ... serve.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 07/20/2018 Live Update

Post by Trades with cats »

Doesn't matter who won the election the Fed has screwed up. Janet and the doves started normalization two years late. And they went realllly slow because under Ben they moved too fast twice and spooked the markets. So here we are waiting (according to the big banks) for a recession to start and they still haven't normalized. Last two bad periods they cut rates by 5%, well they would be at 5 if they had started when the experts said they should.
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Re: 07/20/2018 Live Update

Post by Trades with cats »

Who is more fun to mock, Dick Bove or Dennis Gartman?
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Re: 07/20/2018 Live Update

Post by Trades with cats »

working hard to keep above yesterday's low.
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

Trades with cats wrote:Who is more fun to mock, Dick Bove or Dennis Gartman?
:lol: :lol: :lol: :lol:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 07/20/2018 Live Update

Post by fehro »

fehro wrote:SPX at resistance and another bear wedge :roll: by a bear wedge, under a bear wedge.. lol
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Re: 07/20/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Minute) 2018_07_20 (12_38_57 PM).png
That second level of support has been there most of the day. If it doesn't hold I would be a nervous bull. Sometimes life is good when you sit on your hands. :D
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

related: I’m thinking that the munchkin is too preoccupied with his trophy wife, so maybe Larry Kudlow is in potus’s ear, but I never followed Kudlow in the past. Was he a "CLIP THE FED’s WINGS" kind of guy?
Who else is giving potus this advice?
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Re: 07/20/2018 Live Update

Post by Trades with cats »

Seriously, both political parties know that either getting total control of the money supply is the end to the two party system.
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Re: 07/20/2018 Live Update

Post by Trades with cats »

Larry Kudlow should be dressed in a tight sweater and a short pleated skirt with Reaganomics written across the front in script. I used to catch his radio show when he took calls from real people. I watched him on his new TV show with his side kick Jim Cramer. Nothing has changed.
edit new at the time TV show
QED
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Re: 07/20/2018 Live Update

Post by QED »

Trades with cats wrote:Who is more fun to mock, Dick Bove or Dennis Gartman?
:lol: :lol: :lol: :lol:

If my memory serves me correctly, Dick Bove was telling people to buy bank stocks all the way down in 2008.
Well, he was eventually right (March 2009), but ...

.
Last edited by QED on Fri Jul 20, 2018 3:09 pm, edited 1 time in total.
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
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Re: 07/20/2018 Live Update

Post by Trades with cats »

Elliot Wave- Clearly we are at an inflection area. Coolbizone was expecting a 20 to 30 point pullback for a small scale wave 2 (corrective) He needs 2823 index or better close to confirm his bullish count. Jason Haver better known as Pretzel Logic, is calling this weeks high a wave 5 completing an ABC to finish a larger wave 2 countertrend. So yes, he saw February's drop as 1 down, this is 2 up and he thinks it may have ended, but needs confirmation.

So if you are a bear or a bull or just a hand sitter we wait for confirmation next week. And a gap and go Monday won't do it. Need more than a 1 day trend fake out. I think the options guys would play this with a straddle. Problem is Pasta Boss said out of money puts are in very high demand right now so market does not agree with Coolbizone. Sounds like a bull strangle would be the only free to put on position, problem is the correct time would have been a week or two before earnings. Oh well, lesson learned.
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Al_Dente
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Re: 07/20/2018 Live Update

Post by Al_Dente »

EARNINGS REPORTS. Lots of small banks report next week, also, these are notable:
7/23 Monday after the close: GOOG, WHR (tariff problems)
7/24 Tuesday before the open: MMM, VZ, HOG (tariff problems, also on potus’s shithole list), and after the close: T, TXN
7/25 Wednesday before the open: BA, KO, GM, NSC, R, UPS and after the close: AMD, FB, F, ORLY, PYPL, QCOM, V, XLNX
7/26 Thursday before the open: ALK, AAL, DHI, MA, MCD, PCG, PHM, LUV … and after the close: AMZN, FSLR (tariff issues), INTC, SBUX
7/27 Friday before the open: CVX, XOM, MRK, TWTR
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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