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Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 11:42 am
by BullBear52x
I am sitting out now, waiting for new sell setup.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 11:45 am
by JFR
ES 5. Moving on up. Finally took me out of a scalp long that was hurting.


2020-01-22_0744.png

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 11:46 am
by Cobra
Breakout, but not strong bull bar, so not very sure whether it'd be an uptrend day or not. This bull shall have legs though.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 11:51 am
by JFR
ES 2 minutes. Just when you think it's safe to go back in the water ...


2020-01-22_0750.png

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 11:53 am
by BullBear52x
Back on selling, here is my channel to go with now.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 11:58 am
by BullBear52x
Cash SPX Fib, This will be the easy level to see bulls need this support.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:00 pm
by BullBear52x
Take another 5 handles out, and kick back from here , new HOD is a stop. coffee time.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:04 pm
by JFR
NYSE Ticks hanging beneath zero right now. Back later ...


2020-01-22_0802.png

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:13 pm
by Al_Dente
Hedging, medium term:
"... prepare for economic storms on the horizon..."
"...I own long [SPY] puts at several strike prices around $300, March and later for the expiration, just in case something nutty is about to happen. I have paid about 2% of my portfolio value as insurance so I can sleep at night. Overall, if the stock market declines greater than 10% in the first half of 2020, the added insurance will kick-in and keep my portfolio’s total value rising."
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "

https://seekingalpha.com/article/431831 ... t-downturn

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:14 pm
by Trades with cats
Downward forecast this morning had ES 3324 as the target.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:16 pm
by BullBear52x
$TRIN, $BPSPX, $NYSI all line up for bears, but $VIX is still calm. once the fear pick up this will go fast. so far we have a bearish piercing candle formation, this could turn into engulfing real fast.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:18 pm
by JFR
Al_Dente wrote:Hedging, medium term:
"... prepare for economic storms on the horizon..."
"...I own long [SPY] puts at several strike prices around $300, March and later for the expiration, just in case something nutty is about to happen. I have paid about 2% of my portfolio value as insurance so I can sleep at night. Overall, if the stock market declines greater than 10% in the first half of 2020, the added insurance will kick-in and keep my portfolio’s total value rising."
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "

https://seekingalpha.com/article/431831 ... t-downturn



Great article, Pasta Boss. Thank you.

Back later ...

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:26 pm
by Al_Dente
JFR wrote:
Al_Dente wrote:Hedging, medium term:.....
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "
https://seekingalpha.com/article/431831 ... t-downturn

Great article, Pasta Boss. Thank you.
Back later ...

Thanks
You can poke holes through the whole article. Eg: he’s short the leveraged tech ETF (TQQQ) which has almost doubled since the October low. He’d be squeezed to death if Tech continues up another month or more. That’s too much risk. Better to buy QQQ puts ??
etc.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:26 pm
by BullBear52x
Down target 3312.5 and 3305 will see.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:35 pm
by JFR
Al_Dente wrote:
JFR wrote:
Al_Dente wrote:Hedging, medium term:.....
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "
https://seekingalpha.com/article/431831 ... t-downturn

Great article, Pasta Boss. Thank you.
Back later ...

Thanks
You can poke holes through the whole article. Eg: he’s short the leveraged tech ETF (TQQQ) which has almost doubled since the October low. He’d be squeezed to death if Tech continues up another month or more. That’s too much risk. Better to buy QQQ puts ??
etc.


Agreed. How to protect is the question. He has some good ideas. The biggest and best idea he has is to be cynical about how high the market is at present. Personally I do not buy options. I sell them on occasion.

I have been pondering what stocks to short (along with inverse ETFs), when the time comes. His idea of shorting those big ticket items has my attention. SBUX NKE PG et cetera

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:39 pm
by Heck
TSLA Target + 140 %
From 561.25 to 1348

NFLX Target + 51 %
From 325.684 to 493.2

Exceptions to the Downtrend

Hedge Funds Take Note

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:41 pm
by JFR
ES 5. Finding support at the pivot. Back up to a resistance level, near the EMA 20. Later ...


2020-01-22_0839.png

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 12:58 pm
by Cobra

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 1:00 pm
by Trades with cats
Shorting is an art form. Going with the crowd is very dangerous, just ask the fund managers who blew up over their Tesla Shorts.
Boeing is in a fine position to waterfall down if they haven't had too much of their float taken by shorts all ready.
Note that the founder and Goldman have sold all of their Uber shares.
Still wishing Pelaton would go public as that is a sure fire loser. Probably too many hedge funds all ready circling over that dying beast.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 1:01 pm
by Heck
NEM Target + 38 %
From 43.42 to 60
+ 1.29 % Dividend

+ 35.51 % last year outperformed many investments

45 % Margins