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05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:22 am
by Cobra
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double bottom or not, wait and see, say 51% chances.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:25 am
by Cobra

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:33 am
by BullBear52x
:shock:
A bloody day, no circuit breaker eh? trade lower than Friday's low will put a daily buy the dip as a failure one. Today will be good day to day trade. Buying probably be a better R/R but today will have to give bears some respect.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:35 am
by BullBear52x
Buy first ask question later. :geek: :ugeek: Testing the water here.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:46 am
by BullBear52x
37 is already hard to break for bulls, looks like a range day today to me already. unless 37 is taken out.



<32 is no go for bulls.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:51 am
by ccash04
3 mo and 10 year inverted now. Not as big as 2s10s but usually seen as bad for banks.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 9:58 am
by BullBear52x
Buy again here.

I see down side is limited, not bullish at all.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:04 am
by Cobra

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:05 am
by BullBear52x
No support here then this summer (MAY) go away is for real.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:08 am
by te_fern
Did get on the short semi's wagon. Hard to short with the market down so much....

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:17 am
by ccash04
LYFT has had a great month of trading if you turn the chart upside down.

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:17 am
by BullBear52x
Bull intraday don't expect a home run here just take a jab and run, jab and run :D

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:19 am
by Mr. BachNut
Another day, another gap....

NYMO is in the turn zone again intraday but not bigly.
Last week, these intraday turn tags triggered rallies to the close.
Let's see if the market behaves differently this week.

Another target at the March 28 gap has just been closed.
The next target is at SPX 2783.30 from March 11. I think this target may have already been closed in futures, so it may not be as magnetic as the others.
This target also aligns with a test of the 200 day MA. So, what happens there could be interesting.

I still have my SPX runner, now with a BE stop. I have scaled out a unit in R2K.

NYMO 051319.jpg

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:29 am
by BullBear52x
boring....

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:29 am
by te_fern
Got stopped out slightly better than break even....

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:33 am
by daytradingES
I'm not up to speed - trying hard to be ready for open - but not there yet.
The high est is an actual and the low is hard to nail as it looks like a breakdown day, so 2807 to 2800 or so. Be wary of US govt buy prg stepping in to stop a complete free-fall. Lots of invention for political reasons.


Model:
Dir 1
Range est 47.50
H/L est
2837.75 (act)
2805.00
diff 32.75
Breakdown

short from 2832.50 on sim - late entry

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:37 am
by Mr. BachNut
Bonus chart today.

Seems we have a VIX divergence today with lower SPX price lows but VIX (so far) below Thursday's highs.
It is also notable that TRIN is elevated again today.
It is OPEX this week, so squeezes and counter trend moves could be on the menu at some point.

There is a VIX gap target above at 25.45 and two below at 16.04 and15.44.
It is not uncommon for VIX to make two peaks in a rally cycle.
Perhaps we are on our way to the second peak now, but I can also imagine a VIX crush to close the lower gaps before a move to 25.45.

So, bottom line is SPX price trend is down with technical possibilities considerably lower but whiplash inducing rallies may also be in the mix.

VIX 051319.jpg

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 10:54 am
by Mr. BachNut
Double bonus chart.

While the multiple gaps since the high have made the market seem chaotic, the decline has been very orderly within this hourly channel.
It seems almost too orderly, but the market is what the market does...
What we are not seeing at this point is a parabolic plunge or capitulation move.

So, break of the channel will be significant.
Could be up. Could be down.
Swingers can play around the edges, but this thing will be getting long in the tooth.

Channel.jpg

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 11:04 am
by te_fern
In stockcharts, is there an indicator that shows how far, percentage wise, above (or below) a moving average that price has gotten. I believe that price will only run up so far before it starts going sideways (or down). I would like to be able to watch the percentage in an indicator. thanks!

Re: 05/13/2019 Live Update

PostPosted: Mon May 13, 2019 11:19 am
by te_fern
Looks like ROC (rate of change) is the indicator I'm looking for....