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06/07/2019 Live Update

06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 9:23 am

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this bulls shall have legs.
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Re: 06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 9:26 am


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Re: 06/07/2019 Live Update

Postby te_fern » Fri Jun 07, 2019 9:47 am

Seems to me that the TICKs have gotten way ahead of their MA lines. Need some consolidation.....
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Re: 06/07/2019 Live Update

Postby te_fern » Fri Jun 07, 2019 10:02 am

Got a few seconds of sideways action and then onwards and upwards. Wished for a better pullback. I hate chasing these straight up markets....
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Re: 06/07/2019 Live Update

Postby te_fern » Fri Jun 07, 2019 10:03 am

I was out the last couple of days. Earlier in the week was a better time to chase.....
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Re: 06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 10:07 am


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Re: 06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 10:37 am

possible uptrend day.
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Re: 06/07/2019 Live Update

Postby Mr. BachNut » Fri Jun 07, 2019 10:39 am

Happy Friday from Mr. B

The NYMO cycle appears to be up.
A positive close today will confirm.
In spite of wicked price action, yesterday was the first positive close (barely) in some time.
The benchmark price at the cycle low (May 13) is SPX 2801.43 and has already been handily exceeded.

Price knocked off the last of my near up gap targets shortly after the open and is bumping into the 50 day MA as I write.
It has been a blistering surge since the Monday low.
We have opened a fresh down gap target at yesterday's close.
The next up gap targets are a good 60-70 handles higher. The bulls will have their work cut out to capture them.
The mid-May highs just above 2890 look interesting. Other than stopping out some truly stubborn shorts, the volume hole above could provide resistance.
Price may need to consolidate awhile around the middle keltner here before making a decision to go after the April highs or alternatively the Monday low as the case may be.

Monday's low is now really important.
We have tested the 200 day MA (again...).
Closes below Monday's low would constitute a failed test and dip buyers/patient longs could be moved to liquidate opening up a fair bit of downside.

Sometimes NFP days set up reversals. So, I am curious to see what trade does after the Europe close today into next week.

I am long SPX and neutral R2K (long and short).
I worked long hedges against shorts Monday and Tuesday, which turned out to be a good thing.
The SPX short was closed leaving the long to which I added.
The R2K short hasn't stopped out yet (hmmm...). Probably today. I will have capacity to add more long on a pullback next week if it does.
No doubt being hedged left money on the table with price on a rocket, but we're trying to stick to the program. :roll:

NYMO 060719.jpg
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Re: 06/07/2019 Live Update

Postby Trades with cats » Fri Jun 07, 2019 10:58 am

ES 06-19 (2000 Tick) 2019_06_07 (8_54_56 AM).png
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Re: 06/07/2019 Live Update

Postby Trades with cats » Fri Jun 07, 2019 11:11 am

ES 06-19 (2000 Tick) 2019_06_07 (9_07_34 AM).png


I am better at trend lines than measured moves. But anyway you measure this sure looks like stick it with a fork this move is done. Let the topping process (retest) begin.
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Re: 06/07/2019 Live Update

Postby Mr. BachNut » Fri Jun 07, 2019 11:14 am

Stocks up, Bonds up, Oil up, Gold up, Vix up.

Dollar down.
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Re: 06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 11:28 am

the pullback should be bought perfectly even before touching the ema20.
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Re: 06/07/2019 Live Update

Postby Trades with cats » Fri Jun 07, 2019 11:34 am

Testing the bottom of my trend line. If it overshoots VWAP is 4 points lower which may or may not mean anything.
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Re: 06/07/2019 Live Update

Postby Al_Dente » Fri Jun 07, 2019 11:39 am

BYND
What are the ingredients in Beyond Meat?
Water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, contains 2% or less of the following: cellulose from bamboo, methylcellulose, potato starch, natural flavor, maltodextrin, yeast extract, salt, sunflower oil, vegetable glycerin, dried yeast, gum arabic, ...
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Re: 06/07/2019 Live Update

Postby te_fern » Fri Jun 07, 2019 11:50 am

Al_Dente wrote:BYND
What are the ingredients in Beyond Meat?
Water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, contains 2% or less of the following: cellulose from bamboo, methylcellulose, potato starch, natural flavor, maltodextrin, yeast extract, salt, sunflower oil, vegetable glycerin, dried yeast, gum arabic, ...


Has anyone tasted it yet?
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Re: 06/07/2019 Live Update

Postby Al_Dente » Fri Jun 07, 2019 11:54 am

te_fern wrote:
Al_Dente wrote:BYND
What are the ingredients in Beyond Meat?
Water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, contains 2% or less of the following: cellulose from bamboo, methylcellulose, potato starch, natural flavor, maltodextrin, yeast extract, salt, sunflower oil, vegetable glycerin, dried yeast, gum arabic, ...


Has anyone tasted it yet?

Stew Leonard's
Stew was just on CNBC and he said they are FLYING off the shelves
(check BYND today, up almost 30% :shock: )
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Re: 06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 11:59 am


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Re: 06/07/2019 Live Update

Postby Cobra » Fri Jun 07, 2019 12:04 pm

disappointing but for now still the pullback likely would be bought around ema20.
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Re: 06/07/2019 Live Update

Postby Trades with cats » Fri Jun 07, 2019 12:21 pm

ES 06-19 (2000 Tick) 2019_06_07 (10_15_15 AM).png

Shorter time view (2000 ticks) looks like if the up trend has a chance now is pretty much the time.Order book is lumpy at 2874 which is where the automated support zone is put by the computer. Candice Brown's divergence oscillator is blue and the zero lag says selling conditions are deteriorating (yellow histogram), Time will tell.
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Re: 06/07/2019 Live Update

Postby Al_Dente » Fri Jun 07, 2019 12:46 pm

OEX-100 large-cap stocks
sorted by best green
INTRADAY
67oex.png.png
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