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10/01/2019 Live Update

Re: 10/01/2019 Live Update

Postby Trades with cats » Tue Oct 01, 2019 10:59 am

Trying to test the 60 minute opening range low. Problem is a lot of buys around 2964 2965 in the order book keeping price from getting all the way down.
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Re: 10/01/2019 Live Update

Postby BullBear52x » Tue Oct 01, 2019 11:04 am

Can we do 51? Yes, we can.
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Re: 10/01/2019 Live Update

Postby BullBear52x » Tue Oct 01, 2019 12:00 pm

super magnet highway with no stop signs.
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Re: 10/01/2019 Live Update

Postby BullBear52x » Tue Oct 01, 2019 12:08 pm

Ding ding ding. have a good one all, I am taking a break. sitting out for new sell setup, if not too late coming in the day. Peace!
Last edited by BullBear52x on Tue Oct 01, 2019 12:10 pm, edited 1 time in total.
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Re: 10/01/2019 Live Update

Postby Cobra » Tue Oct 01, 2019 12:08 pm

this bear shall have legs.
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Re: 10/01/2019 Live Update

Postby BullBear52x » Tue Oct 01, 2019 12:16 pm

some buyers will step in here. I am not buying it.
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Re: 10/01/2019 Live Update

Postby BullBear52x » Tue Oct 01, 2019 12:25 pm

Chart for the road: Bearish leaning to continue, I see nothing to suggest bottom is in. trade well, Peace!
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Re: 10/01/2019 Live Update

Postby Al_Dente » Tue Oct 01, 2019 12:52 pm

Stockcharts annotations are broken, so recall my previous chatter:
SPX PLUS SOME GROUPS HISTORICALLY CONSIDERED LEADING GROUPS:
IWM: When there's enough money sloshing around to buy the little-bitty companies, that's bullish. Most
smalls have no budget for buybacks, they have less exposure to trade wars, and IWM is pretty evenly weighted.
SMH ($SOX): SMH holds 26 stocks, pure tech, all semiconductors. XLK is pure tech, but it does not include FB, GOOG, GOOGL!! … while QQQ is just 65+% tech, depending on how you count it.
(trade wars hurt semis, a strong dollar hurts semis).
AI ($XBD): If the broker/dealers are making money, the market should be strong. [Ouch, not today, thanks SCHW]
SPHB: If folks are buying the 100-highest-beta stocks, they'll buy anything. Risk-On if up.

This is LEADERS, 2 months, 60min. They’ve been leading down since about 9/20 (depending on which one you look at).
Exception: semiconductors are holding up the best (cleanest dirty shirt)
101leaders.png
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Re: 10/01/2019 Live Update

Postby Al_Dente » Tue Oct 01, 2019 1:45 pm

2940 is critical support
Breakdown could be a trap, but if we see a sustainable breakdown here, it opens the trap-door to test 2825
Daily
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Re: 10/01/2019 Live Update

Postby Al_Dente » Tue Oct 01, 2019 1:58 pm

$NYDEC:$NYADV = 4.8x
$NYDNV:$NYUPV = 3.8x
Higher bear highs all day; nobody’s covering yet !
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Re: 10/01/2019 Live Update

Postby Al_Dente » Tue Oct 01, 2019 2:00 pm

VIX is up 14% ish
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Re: 10/01/2019 Live Update

Postby Cobra » Tue Oct 01, 2019 2:25 pm

1st test of ema20 in many hours, watch for ema short setup which usually only good for a scalp though.
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Re: 10/01/2019 Live Update

Postby daytradingES » Tue Oct 01, 2019 2:38 pm

brokebybernacke2 wrote:Still looking for my helmet. ah found it!

:lol
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Re: 10/01/2019 Live Update

Postby Al_Dente » Tue Oct 01, 2019 3:01 pm

HAPPY HOUR
I found a way to direct-link you to the Fidelity trades, so here you are. Let me know if it works.
https://eresearch.fidelity.com/eresearc ... ders.jhtml
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Re: 10/01/2019 Live Update

Postby JFR » Tue Oct 01, 2019 3:10 pm

Al_Dente wrote:HAPPY HOUR
I found a way to direct-link you to the Fidelity trades, so here you are. Let me know if it works.
https://eresearch.fidelity.com/eresearc ... ders.jhtml


It works. Thank you, Pasta Boss.
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Re: 10/01/2019 Live Update

Postby Al_Dente » Tue Oct 01, 2019 3:13 pm

JFR wrote:It works. Thank you, Pasta Boss.

:D
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Re: 10/01/2019 Live Update

Postby Mr. BachNut » Tue Oct 01, 2019 3:42 pm

Quick update from Mr. B.

The NYMO cycle remains down.
There is quite a ways to the turn zone. So, no oversold or capitulation action at this point.
However, a corrective NYMO bounce to the zero line sometime in the days ahead would not surprise.

The low today is one handle away from the nearest down gap target.
If a selloff into the close doesn't hit it, some action later in the week should.
Targets further down are located around rising supports. So, we will see what happens.

Still short SPX and R2K.
Have taken second scales in both to leave remaining positions as runners with BE stops.

NYMO 100119.jpg
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Re: 10/01/2019 Live Update

Postby Cobra » Tue Oct 01, 2019 3:50 pm


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Re: 10/01/2019 Live Update

Postby Cobra » Tue Oct 01, 2019 3:52 pm

well, guess that's it for today. here's what Wednesday looks like: https://stockcharts.com/public/1684859/ ... /533449381

thank you guys, I'll see you in another thread soon.

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