02/19/2020 Live Update

[JFR]

ES 5. Trying to break out.

[Al_Dente]

See who did and did not make new highs
15min

[Trades with cats]

Finally got there by creeping. As you would expect lots of sell orders at 3990

[JFR]

ES 5. Breakout to a new level.

[Cobra]

Members only update at 11:25 am
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[JFR]

Hitting resistance at the pivot.

[Al_Dente]

bad earnings
you will be punished
see GROUPON

[JFR]

GLD, in uncertain times.

[Al_Dente]

FIDELITY is hacked or down or both
most accounts show zero balances

[JFR]

UUP. "To the moon, Alice." Taking a break. Later.

[Cobra]

The pullback should be bought. Perfect if bought before touching the ema20.

[Heck]

CXO Target + 81 %
From 78.09 to 141.68
+ 0.98 % Dividend

83.55 % Margins

[Al_Dente]

coolbiz
$SPX ... very close to a ST peak here 3387-3395-3410 area. Or may be its done? ... @3383 now (hour ago)
"Price action is the current truth regardless of any one's opinion."

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[Trades with cats]

Once again we hit the high just as the European time zone cash markets close.
An hour to pull back and retest the high, then 30 minutes to add 3 points. I can hardly contain my excitement.

[Al_Dente]

Jason, today
"Options traders spend billions betting that this rally won't end"
"With the surge in call buying, their total outlay has exceeded more than $7 billion in premiums paid each of the last two weeks. That’s far beyond anything we’ve seen in the past 20 years."
https://sentimentrader.com/blog/options ... -wont-end/

[JFR]

ES 5. Pullback to the EMA 20. And a bounce a few minutes later.

[Trades with cats]

"With the surge in call buying, their total outlay has exceeded more than $7 billion in premiums paid each of the last two weeks. That’s far beyond anything we’ve seen in the past 20 years."
https://sentimentrader.com/blog/options ... -wont-end/

In the ES only 5's and zero's have options strikes. Thus the move from 3385 to 3390 this morning was moving up 1 strike. With all that premium on the line (and unlimited fresh funding from Janet Yellen's acolytes at the Fed for the market makers) it is no wonder the tail is wagging the dog (derivatives are driving the market).

[Al_Dente]

The $NYFANG Index (the underlying for FNGU and FNGD) is an equal-dollar weighted Index of approximately 10 stocks representing a segment of the technology and consumer discretionary sectors consisting of highly-traded technology growth stocks.
Holdings are a minimum of 10 stocks, REBALANCED QUARTERLY after the close on the third Friday of March, June, September, and December.
As of today, 2/19/2020, these are its only holdings

TWTR 12.88%
TSLA 12.17%
AAPL 9.99%
FB 9.82%
GOOGL 9.74%
BABA 9.55%
NFLX 9.18%
AMZN 9.15%
BIDU 8.97%
NVDA 8.55%

[JFR]

ES 5. Between a rock and a hard place. Pivot above. At the EMA 20.