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10/08/2019 Live Update

Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 10:57 am

At least they use my tax the way I want them to. :D
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Re: 10/08/2019 Live Update

Postby Trades with cats » Tue Oct 08, 2019 11:02 am

10:55 launch reported to be algos hitting on the news out of China that they want a "comprehensive" trade deal.

Where is that Emoji of the clown puking rainbows into the toilet when I really need it?
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Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 11:10 am

Got my stop set at 902, $TRIN back above 1 again, can't trust this buy too much.
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Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 11:26 am

I am sitting out, no clue what market want to do now. wait for new setup. Range day, will try to buy one more time OR sell the rips one more time. for now just chill................
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Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 11:31 am

Cash SPX Fib, Too weak, bears still on a driving seat.
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Postby MrMiyagi » Tue Oct 08, 2019 11:48 am

TRIPLE-BOTTOM OR BUST!!!
NYMO down to -62.44, testing last Wednesday's close (intraday it hit -80 then)

Capture.PNG
spy
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Re: 10/08/2019 Live Update

Postby Cobra » Tue Oct 08, 2019 11:59 am

50% chances of double bottom here, so far it's just a range day.
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Re: 10/08/2019 Live Update

Postby Cobra » Tue Oct 08, 2019 12:02 pm


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Re: 10/08/2019 Live Update

Postby Trades with cats » Tue Oct 08, 2019 12:09 pm

I think market will drift for a few days here. Waiting on Bank earnings and FOMC action. Especially the outlook. Numbers on the economy are just mixed enough to make two arguments plausible. Once again the Central Bankers have stopped a pullback and prevented a recession but we won't know for a while. Or this time Central Bankers have failed because without a Chinese credit impulse recession is a sure thing.

One thing is certain with all the reports of Family Offices (and Warren Buffet) holding unusually large cash levels if there is an all clear that will add to the firepower.
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Re: 10/08/2019 Live Update

Postby brokebybernacke2 » Tue Oct 08, 2019 12:15 pm

Trades with cats wrote:I think market will drift for a few days here. Waiting on Bank earnings and FOMC action. Especially the outlook. Numbers on the economy are just mixed enough to make two arguments plausible. Once again the Central Bankers have stopped a pullback and prevented a recession but we won't know for a while. Or this time Central Bankers have failed because without a Chinese credit impulse recession is a sure thing.

One thing is certain with all the reports of Family Offices (and Warren Buffet) holding unusually large cash levels if there is an all clear that will add to the firepower.


twc. Senor Powell speaking from the mountains today. 2pm I think. with QnA.
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Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 12:29 pm

Sell rip, if I got stop out then today is done for me.
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Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 12:47 pm

Oy, bulls are here to stay, for today.
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Re: 10/08/2019 Live Update

Postby BullBear52x » Tue Oct 08, 2019 12:50 pm

Chart for the road: $TRIN is not there to call for possible bottom. well, that's another day for me to figure it out. trade well, Peace!
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Re: 10/08/2019 Live Update

Postby Trades with cats » Tue Oct 08, 2019 12:54 pm

Got back to my desk and whoa what happened. No reason out there on my feeds for the algo frenzy. Maybe a student driver at Goldman or the Fed pressed the button at the wrong time? :lol:
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Re: 10/08/2019 Live Update

Postby Heck » Tue Oct 08, 2019 12:54 pm

brokebybernacke2 wrote:
Heck wrote:Undervalued C/P Index PUTS Three Times Calls = DOWN

Fear accelerating to Extreme 24 = MORE DOWN
https://money.cnn.com/data/fear-and-greed/


Out of my bunker. is it safe to stay out?


Jim Cramer says
'Tune out the Bears'

We don't dare

Undervalued opening C/P Index PUTS still leading the trade DOWN
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Re: 10/08/2019 Live Update

Postby Trades with cats » Tue Oct 08, 2019 1:04 pm

It is clearly bear hunting season. Two algo bursts in the 10 point range in what is clearly a down trending day. Waiting for the after the close re-caps because I imagine we will be seeing the infamous most shorted index once again.
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Re: 10/08/2019 Live Update

Postby Al_Dente » Tue Oct 08, 2019 1:06 pm

Trades with cats wrote:Got back to my desk and whoa what happened. No reason out there on my feeds for the algo frenzy. Maybe a student driver at Goldman or the Fed pressed the button at the wrong time? :lol:

As Bloomberg's Andrew Cinko noted, mockingly: "Don't look for news behind the move, there doesn't appear to be any."
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Re: 10/08/2019 Live Update

Postby Al_Dente » Tue Oct 08, 2019 1:08 pm

market down, odds up
10/8 Odds of an October rate cut 79.6 %
(was 73.2 % yesterday)
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Postby MrMiyagi » Tue Oct 08, 2019 1:10 pm

For the first time today SPY is over the 20-ema 5-min time frame, even held the line on the first pullback. Maybe, with Powell talking at 13:50 ET, maybe maybe the bears are going to get much weaker here.
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Re: 10/08/2019 Live Update

Postby Al_Dente » Tue Oct 08, 2019 1:24 pm

$NYDEC:$NYADV = 3.0x (down from 4.5> at open, weaker at the moment but still bear bias)
$NYDNV:$NYUPV = 3.5x (high was 4.5> at 1100ET, weaker at the moment but still bear bias)
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