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02/28/2020 Live Update

Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 2:54 pm

Heck wrote:
BullBear52x wrote:Next buy dip setup.


Gotta admire your trading

taking a lost is part of daily routine when thing doesn't go our way. :D
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Re: 02/28/2020 Live Update

Postby brokebybernacke2 » Fri Feb 28, 2020 3:03 pm

Back from Costco.
no masks, packed, people stocking up on garden hoses and big patio umbrellas.
Nothing is wrong...
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Re:

Postby brokebybernacke2 » Fri Feb 28, 2020 3:05 pm

MrMiyagi wrote:Google employee in Zurich tests positive for COVID, market drops. People are out of their minds thinking this is the Black Plague.


death rate is 3.5% , reported. 5 and above, might be dark brown plague. number to watch.
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Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 3:07 pm

This is a classic bear trap. will see stop at 80.
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Re: 02/28/2020 Live Update

Postby ccash04 » Fri Feb 28, 2020 3:12 pm

Am I crazy to think this could close green?
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Re: 02/28/2020 Live Update

Postby Al_Dente » Fri Feb 28, 2020 3:13 pm

BAC wants a half point (50 bp) cut in march
futures say there is 49% odds of a FIFTY BASIS POINT cut
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Re: 02/28/2020 Live Update

Postby ccash04 » Fri Feb 28, 2020 3:14 pm

Al_Dente wrote:BAC wants a half point (50 bp) cut in march
futures say there is 49% odds of a FIFTY BASIS POINT cut


Even 30 year is below FF rates, I'd say if that stays, the Fed would have to cut ASAP have no choice.
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Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 3:16 pm

ccash04 wrote:Am I crazy to think this could close green?

Closed higher than open will be good enough for dip swing buyers, I will not want to hold on unless, we got bullish reversal bar closed. for me tomorrow is another day.
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Re: 02/28/2020 Live Update

Postby Al_Dente » Fri Feb 28, 2020 3:17 pm

Couple minutes ago:
Steve Liesman, whom we know has a pipeline into the Fed, says the Fed does not want to cut rates
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Re: 02/28/2020 Live Update

Postby ccash04 » Fri Feb 28, 2020 3:23 pm

Junk/High Yield bonds look to have bottomed this morning (for the day)...
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Re: 02/28/2020 Live Update

Postby Al_Dente » Fri Feb 28, 2020 3:26 pm

UPDATE
Two year sector performance
Remember when I posted this and noted all the divergences
Sure, you never listen to me
Can't take you anywhere
228two year.png
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Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 3:33 pm

Nailed it, :mrgreen:
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Re: 02/28/2020 Live Update

Postby Al_Dente » Fri Feb 28, 2020 3:34 pm

now:
Liesman live on cnbc read an “unusual” Fed statement
“We will use all our tools” etc
[hence bounce]
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Re: 02/28/2020 Live Update

Postby QED » Fri Feb 28, 2020 3:35 pm

Seldom does the market find a bottom on a Friday …
Monday should be interesting!
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Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 3:36 pm

Text book Hook action, can not lose now even if it trades back down, risk management is in full force.
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Re: 02/28/2020 Live Update

Postby mattchessen » Fri Feb 28, 2020 3:47 pm

BB25-How the heck did you know it would bounce off 80
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Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 3:50 pm

mattchessen wrote:BB25-How the heck did you know it would bounce off 80

previous support line, or you can see it as IHS. (BB52, not 25 :D )
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Re: 02/28/2020 Live Update

Postby BullBear52x » Fri Feb 28, 2020 3:53 pm

We are fighting resistance atm. breakout and hold will be BIG
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Re: 02/28/2020 Live Update

Postby Al_Dente » Fri Feb 28, 2020 3:59 pm

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Postby MrMiyagi » Fri Feb 28, 2020 4:10 pm

BullBear52x wrote:Text book Hook action, can not lose now even if it trades back down, risk management is in full force.


That chart is too technical for me.
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