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01/17/2020 Live Update

Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 4:38 pm

Took much longer time than I expected but for now still a breakout is more likely
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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 4:39 pm

Corp Profits Flat Since 2012

https://fred.stlouisfed.org/series/CP/
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Re: 01/17/2020 Live Update

Postby Trades with cats » Fri Jan 17, 2020 4:46 pm

Heck wrote:Is QQQ Overbought ?
Asking for family and friends


:lol: :lol: :lol: Seriously, momentum driven pile on using Central Bank printing press money. Need to use different tools to measure. After all it is a type of Ponzi and it will end, as they all do when the New York money crowd has an "A Ha" moment and loses confidence.

"This Time is Different, Eight Centuries of Financial Folly" made that very clear. By the way this is very much a use the Library's copy book as it is mostly data. The narrative is actually a pretty short read. Cliff notes version, things go from fine to crash based on perceived risk and while they were able to generally define the danger zone they could not find a specific trigger.

So yes, as has been pointed out by many lots of conditions are in place for a drop but no one can forecast what the trigger will be.
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Re: 01/17/2020 Live Update

Postby Trades with cats » Fri Jan 17, 2020 4:50 pm

Been a strange week. See you all on Tuesday as here in USA markets are closed for Martin Luther King Jr day.
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Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 4:53 pm


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Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 4:54 pm

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/ ... /533449374

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

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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 4:56 pm

Pipestem Cleaner Close = DOWN
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 5:13 pm

Heck wrote:Is QQQ Overbought ?

https://tinyurl.com/sjwcxro

Asking for family and friends


It seems to me that all the equity assets are up in the stratosphere. The chart looks parabolic.
"What goes up must come down."

https://ycharts.com/companies/QQQ

Be ready to jump ship when the time comes. Averages turn down. Indicators turn down. Large bar price drops. Heavy volume. Go to cash. As they say: "Be careful out there."


2020-01-17_1311.png
Last edited by JFR on Tue Jan 21, 2020 12:37 am, edited 1 time in total.
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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 6:17 pm

JFR wrote:
Heck wrote:Is QQQ Overbought ?

https://tinyurl.com/sjwcxro

Asking for family and friends


P/E is not that high. But, it seems to me that all the equity assets are up in the stratosphere. The chart looks parabolic.
"What goes up must come down."

https://ycharts.com/companies/QQQ

Be ready to jump ship when the time comes. Averages turn down. Indicators turn down. Large bar price drops. Heavy volume. Go to cash. As they say: "Be careful out there."


2020-01-17_1311.png


Wonder if there will be bids and time to sell when 'time comes' ?
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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 6:22 pm

Job Openings Entering Recession Territory

https://tinyurl.com/qrqo59p
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 6:54 pm

Heck wrote:
JFR wrote:
Heck wrote:Is QQQ Overbought ?

https://tinyurl.com/sjwcxro

Asking for family and friends


P/E is not that high. But, it seems to me that all the equity assets are up in the stratosphere. The chart looks parabolic.
"What goes up must come down."

https://ycharts.com/companies/QQQ

Be ready to jump ship when the time comes. Averages turn down. Indicators turn down. Large bar price drops. Heavy volume. Go to cash. As they say: "Be careful out there."


The attachment 2020-01-17_1311.png is no longer available


Wonder if there will be bids and time to sell when 'time comes' ?


Plenty of time. MACD crossover or Stoch would give you time to exit safely on daily chart. The key is paying attention and acting as signals happen. Hesitate and people freeze and suffer and get locked in. Bids? The volume is 23.8M. Instant fills.


2020-01-18_0433.png
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