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05/22/2019 Live Update

05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 9:15 am

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no idea up or down from here, maybe a little more likely up?
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Re: 05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 9:18 am


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Re: 05/22/2019 Live Update

Postby BullBear52x » Wed May 22, 2019 9:24 am

Gap down and flat all day will be so boring and that is what market intentions :roll:

looks like we will start the day with bear flag.
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Re: 05/22/2019 Live Update

Postby BullBear52x » Wed May 22, 2019 9:30 am

Trading plan: two sell spots eyeing for now. sell day today.
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Re: 05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 10:04 am


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Re: 05/22/2019 Live Update

Postby te_fern » Wed May 22, 2019 10:05 am

TICK below their MA lines, but not currently falling....
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Re: 05/22/2019 Live Update

Postby te_fern » Wed May 22, 2019 10:06 am

SPX back in yesterday's opening range....
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Re: 05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 10:06 am

it's a morning hourly hollow red
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Re: 05/22/2019 Live Update

Postby te_fern » Wed May 22, 2019 10:22 am

A Tweet on China for the bounce....
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Re: 05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 10:50 am

so obviously it's a range day now.
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Re: 05/22/2019 Live Update

Postby te_fern » Wed May 22, 2019 11:07 am

New low for the last 2 days.....
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Re: 05/22/2019 Live Update

Postby Al_Dente » Wed May 22, 2019 11:21 am

McElligott, summarized:
The recent increase in shorts by leveraged funds and CTA's has prompted fears of a short squeeze…. in coming weeks… despite the clear degradation of the US / China trade situation.
His potential “flip” level is 2866 … or 2871 ... or 2876
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Re: 05/22/2019 Live Update

Postby te_fern » Wed May 22, 2019 11:29 am

Pasta boss, had a short on and used the 20ema on the 5 min as a moving stop loss. Exited the trade on a spike up to a resistance line, but the stop loss line gave me confidence to stay in the trade. Thanks for the help!!
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Re: 05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 11:31 am

double bottom, the range low for today should be in.
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Re: 05/22/2019 Live Update

Postby Al_Dente » Wed May 22, 2019 11:33 am

SENTIMENT
VIX options traders are still bull-spy, for now
FWIW
60min
522vix.png.png
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Re: 05/22/2019 Live Update

Postby Al_Dente » Wed May 22, 2019 11:46 am

te_fern wrote:Pasta boss, had a short on and used the 20ema on the 5 min as a moving stop loss. Exited the trade on a spike up to a resistance line, but the stop loss line gave me confidence to stay in the trade. Thanks for the help!!

Yr welcome boss
But don’t believe what I say, keep tweaking and find your own “best” indicators.
My most important indicators on the 5min are:
1) momentum (via stochastics)
2) AD
3) TICK
4) Cobra
The MA is not a “stop loss”, It’s just a directional line that gets breached ALL THE TIME up and down.
20ma on the 5min is Cobra’s.
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Re: 05/22/2019 Live Update

Postby Daniel » Wed May 22, 2019 11:51 am

Cobra isn't an indicator. He's a 'GO' master.
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Re: 05/22/2019 Live Update

Postby Al_Dente » Wed May 22, 2019 11:55 am

fern:
for example on'y
5min
(don't copy it because i change the settings frequently, and it's just for my TNA smalls)
By comparison, Cobra keeps his settings consistent, forever, btw so does bb52x
522five.png.png
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Re: 05/22/2019 Live Update

Postby Cobra » Wed May 22, 2019 12:07 pm


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Re: 05/22/2019 Live Update

Postby Trades with cats » Wed May 22, 2019 12:37 pm

Sitting on hands waiting for the Algos to do something with Fed Minutes.

I don't think the market has figured out that the Fed is concerned about lending. Apple is paying out double it's cash flow right now and not that many can do that. In fact if lending slows down the buybacks will slow down and there goes the market. I say that because I have not seen anything showing where long term cash other than buybacks is moving into the market. I do see that retail (what ever is left after the Venture Capital dump) has been selling all year with most going into bonds and some transferring to ETFs.
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