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05/16/2019 Live Update

Re: 05/16/2019 Live Update

Postby BullBear52x » Thu May 16, 2019 11:49 am

Cash index, wishful thinking, I am on the RED.
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Re: 05/16/2019 Live Update

Postby Daniel » Thu May 16, 2019 12:01 pm

BullBear52x wrote:Cash index, wishful thinking, I am on the RED.

SPY/SPX is struggling with the clear resistance here at around SPY 289. Naz advancers and other key internals are holding strong. But gld and slv are no longer bleeding out.

The resolution is still in doubt.
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Re: 05/16/2019 Live Update

Postby Al_Dente » Thu May 16, 2019 12:04 pm

"Walmart says it will raise prices because of tariffs"
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Re: 05/16/2019 Live Update

Postby Cobra » Thu May 16, 2019 12:05 pm


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Re: 05/16/2019 Live Update

Postby Daniel » Thu May 16, 2019 12:18 pm

Al_Dente wrote:"Walmart says it will raise prices because of tariffs"

From Briefing.com:
"Wal-Mart impressed investors with its best Q1 comparable sales in nine years, increasing 3.4% last quarter."
Everybody remember when Amazon bought Whole Foods and the retail world plunged into despair and "Walmart is doomed" cries filled the air..?
Good not to believe everything one reads. ;)
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Re: 05/16/2019 Live Update

Postby Daniel » Thu May 16, 2019 12:44 pm

From Briefing:
The CBOE Volatility Index (15.29, -1.14, -6.9%) is back down to the 15.0 area after touching 23.38 last week. Looking at the FAANG stocks shows all components trading higher.

Amazon and Google are up around 2%.
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Re: 05/16/2019 Live Update

Postby Trades with cats » Thu May 16, 2019 12:49 pm

I had a spike and channel for today's chart. Price has now fallen out of the channel. I am negative now, but waiting for some support to crack.
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Re: 05/16/2019 Live Update

Postby BullBear52x » Thu May 16, 2019 12:55 pm

Cash index, support 61.8%
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Re: 05/16/2019 Live Update

Postby Cobra » Thu May 16, 2019 1:18 pm

1st test of ema20 in 2+ hours watch for long setup.
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Re: 05/16/2019 Live Update

Postby BullBear52x » Thu May 16, 2019 1:18 pm

Chart for the road: bulls has a good rebound, but I classified it as a dead cat bounce, if I were to swing trade, this could be a pivot point that big reaction move could happen here, that will be tomorrow. I will take a rest and ready for it. Peace!
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Re: 05/16/2019 Live Update

Postby Al_Dente » Thu May 16, 2019 1:22 pm

Mr. BachNut wrote:.......NYMO is making its first appearance above the zero line in a month.
The down cycle is probably over but we have to wait for a close or two for confirmation....

visual on that intraday NYMO
516nymo2.png.png.png
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Re: 05/16/2019 Live Update

Postby Trades with cats » Thu May 16, 2019 1:27 pm

Need a new high, not a lower high. Support at ES 2884 zone has been tested three times, so next time could easily break. Consolidation zone around ES 2877.50 2880 looks like the last support (matches Bull Bear Fibs also) as that short squeeze spike will reverse easily.
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Re: 05/16/2019 Live Update

Postby Daniel » Thu May 16, 2019 1:40 pm

AAPL red
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Re: 05/16/2019 Live Update

Postby K447 » Thu May 16, 2019 1:42 pm

Daniel wrote:AAPL red


AAPL still green on the day, above the open.

But not strong at the moment. Let's see if it gets down below 190.22
Last edited by K447 on Thu May 16, 2019 1:51 pm, edited 1 time in total.
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Re: 05/16/2019 Live Update

Postby Trades with cats » Thu May 16, 2019 1:47 pm

ES 06-19 (2000 Tick) 2019_05_16 (11_43_04 AM).png

This is what I was talking about. Depth of market shows buyers trying to catch a bounce up. But chart pattern says too many saves at this level. We will soon know who was correct.
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Re: 05/16/2019 Live Update

Postby Trades with cats » Thu May 16, 2019 1:49 pm

Blue line with dots is regular hours VWAP. Of course it stopped a big down bar. Decision time for bulls.
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Re: 05/16/2019 Live Update

Postby Daniel » Thu May 16, 2019 1:52 pm

K447 wrote:
Daniel wrote:AAPL red

AAPl still green on the day, above the open. But not strong at the moment. Let's see if it gets down below 190.22

Price tagged this area, currently holding above...
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Re: 05/16/2019 Live Update

Postby Trades with cats » Thu May 16, 2019 2:27 pm

Refused to go lower so lets try higher.
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Re: 05/16/2019 Live Update

Postby Al_Dente » Thu May 16, 2019 2:42 pm

15min
Plenty of potential double tops, and note two important weaklings
516quick.png.png
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Re: 05/16/2019 Live Update

Postby Trades with cats » Thu May 16, 2019 2:53 pm

ES 06-19 (2000 Tick) 2019_05_16 (12_49_52 PM).png


Potential for a sell to the close. Going to take a tweet storm to retake 2900.
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