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07/15/2019 Live Update

Re: 07/15/2019 Live Update

Postby BullBear52x » Mon Jul 15, 2019 12:31 pm

The bigger correction will not occur until the fear is picking up stronger than today. the market is very calm right now even though the RSI on $VIX is in the sell zone for short term but I need to see higher $VIX reading before I would say bears have a better chance this time.

This week $VIX should tell us a lot of what market intention will be.
Last edited by BullBear52x on Mon Jul 15, 2019 1:03 pm, edited 1 time in total.
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Re: 07/15/2019 Live Update

Postby BullBear52x » Mon Jul 15, 2019 12:52 pm

/ES supports. it will be a Wow factor if bears got 3008ish :lol:
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Re: 07/15/2019 Live Update

Postby brokebybernacke2 » Mon Jul 15, 2019 12:54 pm

BullBear52x wrote:The bigger correction will not occur until the fear is picking up stronger than today. the market is very calm right now even those the RSI on $VIX is in the sell zone for short term but I need to see higher $VIX reading before I would say bears have a better chance this time.

This week $VIX should tell us a lot of what market intention will be.


small quakes precede larger ones:)
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Re: 07/15/2019 Live Update

Postby Heck » Mon Jul 15, 2019 1:07 pm

brokebybernacke2 wrote:
BullBear52x wrote:The bigger correction will not occur until the fear is picking up stronger than today. the market is very calm right now even those the RSI on $VIX is in the sell zone for short term but I need to see higher $VIX reading before I would say bears have a better chance this time.

This week $VIX should tell us a lot of what market intention will be.


small quakes precede larger ones:)


VXX First Target 51.98
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Re: 07/15/2019 Live Update

Postby Al_Dente » Mon Jul 15, 2019 1:09 pm

A few “aggressive” sub-sectors:
Everyone (zh) keeps pointing out that BUYBACKS are propelling the market higher.
This 20-day percentage chart shows BUYBACK STOCKS (pink) are roughly coincident with SPY (purple), as is the Momentum Portfolio (black), while semis (gray) and the High Betas (lime) are leading, percentage-wise.
… meaning that folks are buying all High Beta stocks (SPHB, lime, 100 of the highest beta stocks, with tech at 40% weight) more aggressively than they are buying the stocks identified as Buyback Stocks (PKW, pink, 174 companies that have bought back large numbers of shares in the past year.)
715aggress.png.png
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Re: 07/15/2019 Live Update

Postby brokebybernacke2 » Mon Jul 15, 2019 1:18 pm

Heck wrote:
brokebybernacke2 wrote:
BullBear52x wrote:The bigger correction will not occur until the fear is picking up stronger than today. the market is very calm right now even those the RSI on $VIX is in the sell zone for short term but I need to see higher $VIX reading before I would say bears have a better chance this time.

This week $VIX should tell us a lot of what market intention will be.


small quakes precede larger ones:)


VXX First Target 51.98


um...that's a big quake. :lol:
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Re: 07/15/2019 Live Update

Postby Al_Dente » Mon Jul 15, 2019 1:19 pm

Wilbur Ross may/will step down
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Re: 07/15/2019 Live Update

Postby BullBear52x » Mon Jul 15, 2019 1:20 pm

Bears need this declining wedge to fail, if not you know the routine (Blue)
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Re: 07/15/2019 Live Update

Postby brokebybernacke2 » Mon Jul 15, 2019 1:23 pm

brokebybernacke2 wrote:
Heck wrote:
brokebybernacke2 wrote:
BullBear52x wrote:The bigger correction will not occur until the fear is picking up stronger than today. the market is very calm right now even those the RSI on $VIX is in the sell zone for short term but I need to see higher $VIX reading before I would say bears have a better chance this time.

This week $VIX should tell us a lot of what market intention will be.


small quakes precede larger ones:)


VXX First Target 51.98


um...that's a big quake. :lol:


do see a very good shot at 2950 in heartbeat..shall see...
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Re: 07/15/2019 Live Update

Postby BullBear52x » Mon Jul 15, 2019 1:39 pm

Bears one more sell coupon before the lady shows up.
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Re: 07/15/2019 Live Update

Postby Trades with cats » Mon Jul 15, 2019 1:50 pm

All the market is doing right now is re-arranging the deck chairs waiting for the Central Bankers to make their future actions clear. So with the major forecasting systems (bond market, New York Fed model etc) all pointing to recession within 12 months and most corporate executive surveys saying the same the only question is do the Central Bankers have enough ammo to postpone the inevitable.

Isn't semi conductors taking off just a speculation on Trump's promise to open the US market back up to Chinese companies? But then he goes ahead with the arms sale to Taiwan so the Chinese are going to shut things down from their end. Modern weapons systems are just bundles of semi-conductors in a green metal case these days.
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Re: 07/15/2019 Live Update

Postby Trades with cats » Mon Jul 15, 2019 1:55 pm

ES 09-19 (2000 Tick) 2019_07_15 (11_51_18 AM).png


Trend lines a little dicey today. But that last (for now) turn down confirms things on paper at least with the three touch rule.
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Re: 07/15/2019 Live Update

Postby Trades with cats » Mon Jul 15, 2019 2:02 pm

ES 09-19 (15 Minute) 2019_07_15 (11_55_33 AM).png

My reason for running the composite volume profile from July 1. You could also argue for July 10. But the 5th was a real trading day and if this thing turns around and heads south hard at 3049 I really want to see where the tree branches are that the market has to crash through. :lol:
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Re: 07/15/2019 Live Update

Postby Al_Dente » Mon Jul 15, 2019 2:06 pm

Mnuchin at the podium now. He will take Q&A
re: crypto
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Re: 07/15/2019 Live Update

Postby BullBear52x » Mon Jul 15, 2019 2:15 pm

Another disappointed day for da bears as usual.
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Re: 07/15/2019 Live Update

Postby BullBear52x » Mon Jul 15, 2019 2:19 pm

Chart for the road: $TRIN shows more selling today but price need to be lower, Bears will have to try again tomorrow. I will, Peace!
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Re: 07/15/2019 Live Update

Postby Trades with cats » Mon Jul 15, 2019 2:28 pm

Best joke I heard this weekend.
Who says social media doesn't bring people together? Maxine Waters and Donald Trump both agree Facebook should be regulated.
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Re: 07/15/2019 Live Update

Postby Trades with cats » Mon Jul 15, 2019 2:32 pm

Waiting on this littler pullback to see if it can break through and get back to the open or if it going to be a double top off the mornings lower high and a sell off into the close.
Or realistically we spend the next hour and a half flat lining at VWAP like Friday afternoon.
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Re: 07/15/2019 Live Update

Postby Al_Dente » Mon Jul 15, 2019 3:00 pm

HAPPY HOUR
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Re: 07/15/2019 Live Update

Postby Al_Dente » Mon Jul 15, 2019 3:08 pm

Tuesday July 16 before the open: GS, JNJ, JPM, WFC, SCHW
Tuesday July 16 after the close: CSX
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