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07/05/2019 Live Update

07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 9:24 am

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no idea up or down from here. in the past the non farm payroll day tends to go opposite of the open which in today's case should be up and up.
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Re: 07/05/2019 Live Update

Postby daytradingES » Fri Jul 05, 2019 10:17 am

9:14 AM 7/5/2019

H/L est
2987.25
2967.75
19.50

The prb with trading today is that being the Friday in between 4 day extended USA weekend -many people not working today - the volume may not be there and any move today will be with less than 100 percent conviction.
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 10:19 am


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Re: 07/05/2019 Live Update

Postby Daniel » Fri Jul 05, 2019 10:20 am

From Briefing.com:
"June nonfarm payrolls increased by 224,000, while the consensus expected an increase of 160,000. The prior month's increase was revised down to 72,000 from 75,000. Nonfarm private payrolls rose by 191,000 while the Briefing.com consensus expected an increase of 147,000. The previous month's increase was revised down to 83,000 from 90,000."

Gold is not happy about this. GLD is down 2 1/2 dollars to below 131. SLV too, now down over 2%.
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Re: 07/05/2019 Live Update

Postby Daniel » Fri Jul 05, 2019 10:23 am

spy, xli LOD!

QQQ is now, again, back under the big gap up open post the G-20 meeting.
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Re: 07/05/2019 Live Update

Postby Daniel » Fri Jul 05, 2019 10:30 am

FXI, IYT fresh lod
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Re: 07/05/2019 Live Update

Postby Al_Dente » Fri Jul 05, 2019 11:03 am

AD bears are 3.12x bulls
(morning open/high was roughly 3.72x)
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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 11:12 am

it's bear's last chance here, sharp pullback then it could be a downtrend day mostly with later day reversal up, decisively breakout then it's just a range day.
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Re: 07/05/2019 Live Update

Postby Daniel » Fri Jul 05, 2019 11:32 am

Breakout?
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Re: 07/05/2019 Live Update

Postby Daniel » Fri Jul 05, 2019 11:34 am

IWM is now above the 15min 20ema...

..but QQQ and SPY are still testing theirs, from below
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Re: 07/05/2019 Live Update

Postby Daniel » Fri Jul 05, 2019 11:38 am

Daniel wrote:QQQ is now, again, back under the big gap up open post the G-20 meeting.

Selling the hyped open post G-20 is currently looking like a neutral idea for QQQ and SPY, but solidly remains a good idea for IWM.
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Re: 07/05/2019 Live Update

Postby Al_Dente » Fri Jul 05, 2019 11:39 am

Al_Dente wrote:AD bears are 3.12x bulls
(morning open/high was roughly 3.72x)

2.5x
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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 11:57 am


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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 12:21 pm

so now at the best for bears is a range day. It could be uptrend day but it's too late to chase here so I'll only buy dip if there's an one.
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Re: 07/05/2019 Live Update

Postby Al_Dente » Fri Jul 05, 2019 12:44 pm

Al_Dente wrote:
Al_Dente wrote:AD bears are 3.12x bulls
(morning open/high was roughly 3.72x)

2.5x

2.0x bears, so why is price up?
This is all SPX-500 stocks sorted by green INTRADAY
Looks like it's all FINANCIALS and DISCRETIONARY
The buying is selective/narrow at the moment
75spx.png.png
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Re: 07/05/2019 Live Update

Postby Al_Dente » Fri Jul 05, 2019 1:56 pm

...
Last edited by Al_Dente on Fri Jul 05, 2019 2:39 pm, edited 1 time in total.
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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 2:30 pm

the pullback looks like a bull flag so bias is up.
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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 3:53 pm


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Re: 07/05/2019 Live Update

Postby Cobra » Fri Jul 05, 2019 3:54 pm

well, guess that's it for today. here's what Monday looks like. thank you guys, I'll see you in another thread soon.

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