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02/26/2020 Live Update

Re: 02/26/2020 Live Update

Postby BullBear52x » Wed Feb 26, 2020 1:41 pm

any thing under 3175 is a sell, until bulls can break out, I would be very cautious on the bull side.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 02/26/2020 Live Update

Postby Al_Dente » Wed Feb 26, 2020 1:41 pm

5min
Smalls are on the top panel attempting to double-bottom
SPX is higher low atm
226int.png.png
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 1:43 pm

Daniel wrote:QQQ is again above its daily pivot.

..and now again below, with IWM still struggling to stay green.
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 1:50 pm

Heck wrote:Why Mr Market may enjoy rip your face off rally

Rob Hanna's post indicates that such a rally is probably in the cards quite soon. However, there really IS an element of "this time may be different" because of the difference btw true unknowns and "apparencies" of unknowns.

Most market moves reflect "apparencies of unknowns" which are really invisible "knowns", that are slowly (or quickly) surfacing--starting with insiders and radiating outward.

But the progess of a pandemic (in an age of just-in-time manufacturing and heavy indebtedness) is truly unknowable. So historical stats may need to be chucked this time.

:|
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Re: 02/26/2020 Live Update

Postby Al_Dente » Wed Feb 26, 2020 1:51 pm

McElligott chatter:
https://www.zerohedge.com/markets/nomur ... to+zero%29

McElligott sees the chances of a meaningful bounce in US stocks (on month-end pension rebalancing flows as well as some sentiment-shifts), but warns that should we fall just a little lower, CTAs will be triggered to "delever" and markets will flush 10-15% lower from here...

[I think his number is APPROXIMATELY 3128 for big-sell trigger]
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 1:58 pm

Markets YTD

Gold: 7.84%
US Dollar: 3.27%
Nasdaq-100: 3.19%
Bonds: 2.77%
US Total Market -1.48%
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 1:59 pm

Sectors YTD

Utilities [6.2%]
REITs [4.2%]
Technology [2.8%]
Housing [1.3%]
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Re: 02/26/2020 Live Update

Postby Al_Dente » Wed Feb 26, 2020 2:00 pm

I am pretty schocked that the rally couldn't squeeze higher
I expected more bears to cover, but evidently not yet ............
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:00 pm

Dow YTD

Home Depot [9.8%]
Microsoft [9.4%]
McDonalds [8.2%]
IBM [7.2%]
Coca-Cola [5.3%]
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:02 pm

Al_Dente wrote:I am pretty schocked that the rally couldn't squeeze higher
I expected more bears to cover, but evidently not yet ............


Today's COVID-19 Congress Hearings
and tonight's 6 PM ET Presser may encourage fact-finding over hysteria

Market still in shock

(You mean it goes down too ?)
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:04 pm

SPX YTD

L Brands [29.5%]
T-Mobile US [21.5%]
SBA [21.2%]
Regeneron [21%]
ServiceNow [20.8%]
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:04 pm

QQQ YTD

Tesla [90.4%]
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:06 pm

IWM YTD

Aduro BioTech [188.6%]
Novavax [125.6%]
Community Health [92.1%]
Stamps.com [86.5%]
Consolidated [86%]
La Jolla [84.5%]
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:13 pm

Daniel wrote:
Heck wrote:Why Mr Market may enjoy rip your face off rally

Rob Hanna's post indicates that such a rally is probably in the cards quite soon. However, there really IS an element of "this time may be different" because of the difference btw true unknowns and "apparencies" of unknowns.

Most market moves reflect "apparencies of unknowns" which are really invisible "knowns", that are slowly (or quickly) surfacing--starting with insiders and radiating outward.

But the progess of a pandemic (in an age of just-in-time manufacturing and heavy indebtedness) is truly unknowable. So historical stats may need to be chucked this time.

:|


http://www.centerforhealthsecurity.org/event201/

'We are not now predicting that the nCoV-2019 outbreak will kill 65 million people'
Last edited by Heck on Wed Feb 26, 2020 2:15 pm, edited 1 time in total.
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 2:14 pm

IWM testing lod
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Re: 02/26/2020 Live Update

Postby Al_Dente » Wed Feb 26, 2020 2:19 pm

“LEADERS” UPDATE:
Turns out the “LEADERS” divergences were precient, but you had to ignore the tech confirmation in order to get bearish. That was a hard ask…
Because tech confirmed, folks were willing to give the others more rope to recover their highs. They didn’t...
Daily chart:
226leader.png
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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 2:47 pm

ES 5. Lower and lower, pausing a bit in its decline.


Screenshot_20200226_104602.jpg
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 2:49 pm

Douglas Kass
@DougKass
·
18m
Added to trading long rentals in in $SPY at $313.60 and $QQQ at $217.30, respectively.
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 3:00 pm

SPY RSI (2) 0.65 Doesn't Get Much More Oversold

https://stockcharts.com/public/1684859/ ... /533449494

$VIX RSI (2) 99.50 Doesn't Get Much More Overbought

https://stockcharts.com/public/1684859/ ... /533449495

UP and UP
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Re: 02/26/2020 Live Update

Postby Heck » Wed Feb 26, 2020 3:03 pm

BullBear52x wrote:last buy failed! selling to continue, I will sell the next sell setup. one last trade.


You're on fire

Hoorah
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