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03/08/2019 Live Update

Re: 03/08/2019 Live Update

Postby Cobra » Fri Mar 08, 2019 1:02 pm


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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 1:07 pm

Decision time once again. Sitting at opening print/VWAP/BullBear's 50%, clear and obvious to all.
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 1:08 pm

Waiting for a Tweet on China negotiations.
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Re: 03/08/2019 Live Update

Postby 1der » Fri Mar 08, 2019 1:14 pm

Trades with cats wrote:Waiting for a Tweet on China negotiations.


You are waiting for all the "Tweet" in China to save this?

The younger ones here may not even get that play on a phrase. Sorry, warped humor, :? :roll: :lol:
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 1:15 pm

from Twitter feed-

"Wakey wakey: FYI. US clocks go forward this weekend making the data next week an hour earlier in GMT terms. UK clocks don't adjust to BST until 31st March."
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 1:17 pm

Sometimes I forget that what to me is clearly sarcastic humor is actually 'inside baseball' as the sportscasters say when they get too far into the weeds. :o
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 1:29 pm

ES 03-19 (2000 Tick) 2019_03_08 (10_23_29 AM).png


Setting up for a re-run of yesterday's pattern. Bulls struggling here looks like market coiling after the overnight selling. Guessing at a gap and go attempt Monday. Will test the Boy Wonder's (Nomura's McElligott) claim that the CTA's are now closing out longs.

https://www.zerohedge.com/news/2019-03- ... re-inverts
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Re: 03/08/2019 Live Update

Postby BullBear52x » Fri Mar 08, 2019 1:32 pm

Chart for the road: Bulls are too weak, the only way out is Daily hammer. it's Friday, Peace!
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 2:01 pm

At this point today shows as a gap down to an ugly looking candle added to a string of down candle's for the week.
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Re: 03/08/2019 Live Update

Postby Cobra » Fri Mar 08, 2019 2:04 pm

testing range low, key time. for now I don't expect a decisive breakdown, should be a rebound around to range low if indeed it's a range day.
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 2:08 pm

^SP500 (Daily) 2019_03_08 (11_05_04 AM).png

I have not updated the Elliot wave forecasts. Pretzel Logic currently saying we are in either a corrective or impulsive down wave, too soon to tell. Have not seen an update from Coolbiz, expect something this weekend.
Edit to add that I now have the McClellan oscillator at the bottom.
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Re: 03/08/2019 Live Update

Postby flrtrader » Fri Mar 08, 2019 2:15 pm

For a long shit look at the March 15 XLI 75.50 calls. Open interest.... Wow... This and the expected rally from here this is a very nice risk/reward.

I am a great fade, but I bought 200 today at the low.

Which they are at now...
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Re: 03/08/2019 Live Update

Postby Al_Dente » Fri Mar 08, 2019 2:51 pm

McElligott says selling trigger was 2750
“…CTAs are liquidating their existing long positions, accelerating stock selling and cutting their “loss-making” positions.”
bla bla bla
zh: “In fact, global macro HFs [hedge funds] focusing more on fundamentals seem to have strengthened their cautious stances while accumulating short positions on US equities and long positions on long-term UST bonds for now.”

[Recall that SPX 2660 is the old “Powell Put” level]
[I still see that unfilled SPX gap (from 2/12). It appears to offer support at the moment. If that gap fills, it would fill at approximately 2712-ish]
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Re: 03/08/2019 Live Update

Postby flrtrader » Fri Mar 08, 2019 2:53 pm

McClellan Oscillator now at the most oversold reading since the Dec. 24 low. And on just a 2% drawdown for the $NYA
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 3:04 pm

Twitter from Tom McClellan
Getting Qs about how the McOsc falls so far with A-D Line down only 3049 pts from ATH. The Osc. is the diff. btw. the 10% Trend and the 5% Trend of daily A-D. It shows big + or - values when those 2 EMAs get pulled far apart, which is easier after EMAs get pulled far to one side.
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Re: 03/08/2019 Live Update

Postby flrtrader » Fri Mar 08, 2019 3:12 pm

Trades with cats wrote:Twitter from Tom McClellan
Getting Qs about how the McOsc falls so far with A-D Line down only 3049 pts from ATH. The Osc. is the diff. btw. the 10% Trend and the 5% Trend of daily A-D. It shows big + or - values when those 2 EMAs get pulled far apart, which is easier after EMAs get pulled far to one side.



Here is mine.... Anyway you slice it shorts are very risky, Unless we are getting another december?

https://www.tradingview.com/x/VB1OR4qR/
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 3:23 pm

Well a December style repeat is what McElliogg is calling for after the 15th. Also the CDS on investment grade is blowing out making it look like we have a building credit crisis. But the President is correct, all he has to do is sign any agreement with the Chinese and the market will spike.

My bottom line is the central banks are in full on panic mode so caution is correct until we all can see what is scaring them so very badly. My guess is they know we are approaching another Minsky moment.
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Re: 03/08/2019 Live Update

Postby flrtrader » Fri Mar 08, 2019 3:24 pm

I to am looking for a major down to start the week after the 15th... But after one huge bulltrap next week
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Re: 03/08/2019 Live Update

Postby Trades with cats » Fri Mar 08, 2019 3:53 pm

Can't prove it is the algos but my oh my 30 minutes of green bars at the tail end of the day when volume should be light.
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Re: 03/08/2019 Live Update

Postby Al_Dente » Fri Mar 08, 2019 4:01 pm

HAPPY HOUR
complaint.png.png
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