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01/23/2020 Live Update

Re: 01/23/2020 Live Update

Postby Al_Dente » Thu Jan 23, 2020 2:47 pm

BONDS:
They love treasurys and investment-grade corporates.... hate junk...
As you well know, that is a bear-SPX profile, very short term
123love tlt.png.png
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 2:59 pm

/ES, I got two more sell setup for this, dip will be bought but today is sell only day for me.
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Re: 01/23/2020 Live Update

Postby Al_Dente » Thu Jan 23, 2020 3:06 pm

Virus
Person at LAX hospitalized
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Re: 01/23/2020 Live Update

Postby Al_Dente » Thu Jan 23, 2020 3:13 pm

coolbizone, couple hours ago
"SPX only had 3 Waves down. As long as 3301.87 is not breached and 3324 is exceeded, its still going to another new ATH near 3350-3370. At 3314 now.
Price action always RULES......Adapt and Adjust for Trades.
LT investments are a separate ball game."
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Re: 01/23/2020 Live Update

Postby Trades with cats » Thu Jan 23, 2020 3:14 pm

Al_Dente wrote:Virus
Person at LAX hospitalized

Would not have bet against this happening.

Family member is a PhD computational biologist who writes software tools for genome assembly. That crowd is really excited about working on a new plague.
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Re: 01/23/2020 Live Update

Postby Trades with cats » Thu Jan 23, 2020 3:19 pm

Coolbiz got the volatility this week correct but he went with the wrong reason. He closed his longs expecting impeachment trial to cause it.Remembering both Nixon and Clinton (vaguely when the dementia lifts :lol: :lol: ) I get where he was coming from. But the dreaded words "it's different this time". TV viewership is pretty much non-existent where in the past it was right up there with a Bob Hope Christmas special. But nobody saw Coronovirus coming and it is pretty frightening so far.
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Re: 01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 3:26 pm

Double bottom text book target. This bull shall have legs at least.
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 3:27 pm

/ES, first LH will have a lot of drama for sure, :twisted:
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 3:46 pm

ES 5. Moved up to the pivot, where it is beating against the current.


2020-01-23_1146.png
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Re: 01/23/2020 Live Update

Postby Al_Dente » Thu Jan 23, 2020 4:01 pm

HAPPY HOUR
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 4:08 pm

Bias for various assets or their proxies.

Short DBC. Not quite long on GLD. Long IYR but dicey. Long SPY but dicey. Long TLT but dicey. Short USO. Long UUP but dicey.

For dicey read: ready to jump ship or even waiting to re-enter.

Back later ...


2020-01-23_1158.png
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Re: 01/23/2020 Live Update

Postby Trades with cats » Thu Jan 23, 2020 4:19 pm

ES 03-20 (2000 Tick) 2020_01_23 (1_11_42 PM).png

That ES 3324 level ended a nice 10 point move.
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 4:43 pm

Chart for the road: VIX$ bear. intraday rising wedge. see you all next week. Peace!
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Re: 01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 4:52 pm


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Re: 01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 4:53 pm

Well, guess that's it for today. Here's what Friday looks like: https://stockcharts.com/public/1684859/ ... /533449397

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

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Re: 01/23/2020 Live Update

Postby Heck » Thu Jan 23, 2020 4:54 pm

All Three C/P Option Sentiment Indices = DOWN DOWN DOWN

Falling Greed 68 = DOWN

WFC Target + 33 %
From 47.98 to 64
+ 2.04 % Dividend
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Re: 01/23/2020 Live Update

Postby Heck » Thu Jan 23, 2020 5:00 pm

Al_Dente wrote:HEDGING, CONTINUED:
So.... SPXS (3x short SPX) is roughly $12 per share
pretty cheap protection
SDS (2x short SPX) is roughly $23 per share
plus, both have nice volume especially on down days


Compounding Daily Reset ETFs = Widowmakers over time

SDS Target 14

SPXS Target 0
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Re: 01/23/2020 Live Update

Postby Heck » Thu Jan 23, 2020 5:40 pm

TSLA Target + 147 %
From 555.603 to 1373.4

Debt To Equity 220.91%
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