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Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:01 pm
by daytradingES
Trades with cats wrote:I guess we will see tomorrow if Northy and his chart of Fed meetings is a good forecast (i.e. major sell-off).
I'm looking for this.
who is Northy?
link pls
Confirmation bias to re-enforce.
Cat still sitting on your trader's almanac?
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:04 pm
by Heck
The Running of the Bears
All Three C/P Option Sentiment Indicators = BIG DOWN
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:05 pm
by brokebybernacke2
BullBear52x wrote:same playbook, new sell.
tough fightin that fed
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:06 pm
by JFR
ES five minute. Action after the news.
AFK ...
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:09 pm
by daytradingES
Forbes thought of the day:
Those who do not complain are never pitied.
Jane Austin
(ok, ok I'm not clear on it either -but it was for the 30th of October
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:19 pm
by Al_Dente
NUMBERS ARE APPROXIMATE
FYI:
After the last rate cut on 9/18, SPX fell roughly 167 points over the next two weeks (3022 to 2855, from 9/18 to 10/3)
Is this time different?
[best to double check yourself]
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:24 pm
by Al_Dente
EPS After the close: AAPL, CRUS, FB, SBUX, WDC
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:26 pm
by BullBear52x
I am not done today, but doesn't look good for bears, now that the move is on. Oy...
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:29 pm
by BullBear52x
brokebybernacke2 wrote:BullBear52x wrote:same playbook, new sell.
tough fightin that fed
Will see, same playbook, I have not much time left just play by the book.
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:33 pm
by Cobra
normally this pullback should be bought but the FOMC day close usually is weak. wait to see if any more pullback before the close.
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:37 pm
by BullBear52x
If I got time I would wait out for 6 point gain to cover at 40ish, but not much time I will take 3 to 4 handles and call it a day. Day trade made simple. Peace!
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:43 pm
by Al_Dente
Another reason why AAPL eps is important tonight ?
On the FOMC chart, the black dashed lines show the last three rate cuts, as posted earlier.
AAPL saved the day after the Sept rate cut … by not being as week as it could have/should have been.
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:49 pm
by Trades with cats
I'm looking for this.
who is Northy?
link pls
Confirmation bias to re-enforce.
Cat still sitting on your trader's almanac?
[/quote]
Sorry to be obtuse. Northman Trading gets his weekly free stuff up on zero hedge on weekends. He is also a regular on CNBC. Pasta Boss put up his chart from his weekend missive earlier today showing that the last Fed rate cuts lead to a multi day sell off. He is not a believer in the current market, more of a traditional real earnings and sales type of guy rather than an investor in We Work sort of story businesses
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:50 pm
by Cobra
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 3:52 pm
by Cobra
well, guess that's it for today. here's what Thursday looks like:
https://stockcharts.com/public/1684859/ ... /533449387
thank you guys, I"ll see you in another thread soon.
before the close, please take a little time to vote for me, thanks:
https://stockcharts.com/public/1684859/ ... /533449387
Re: 10/30/2019 Live Update
Posted: Wed Oct 30, 2019 4:05 pm
by Al_Dente
Trades with cats wrote:...who is Northy?
Sorry to be obtuse. Northman Trading gets his weekly free stuff up on zero hedge on weekends. He is also a regular on CNBC. Pasta Boss put up his chart from his weekend missive earlier today showing that the last Fed rate cuts lead to a multi day sell off. He is not a believer in the current market, more of a traditional real earnings and sales type of guy rather than an investor in We Work sort of story businesses
https://twitter.com/NorthmanTrader