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03/02/2020 Live Update

Re: 03/02/2020 Live Update

Postby Heck » Mon Mar 02, 2020 2:09 pm

SPY Target + 37 %
From 294.46 to 403
+ 1.85 % Dividend Yield
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Re: 03/02/2020 Live Update

Postby te_fern » Mon Mar 02, 2020 2:16 pm

Added BB52's 40ish line. Should be resistance the rest of the day....
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Re: 03/02/2020 Live Update

Postby Heck » Mon Mar 02, 2020 2:20 pm

AMZN Target + 67 %
From 1870 to 3123.56

The rich get richer
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Re: 03/02/2020 Live Update

Postby Heck » Mon Mar 02, 2020 2:22 pm

Al_Dente wrote:
Heck wrote:
Al_Dente wrote:
Heck wrote:......Wall St preps for possible shutdown of trading floor.......

Boss: can you give us a source on that, thanks

Charles Gasparino
https://www.fox5ny.com/news/nyse-could- ... ontingency

THANK YOU BOSS


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Re: 03/02/2020 Live Update

Postby Cobra » Mon Mar 02, 2020 2:29 pm

Possible double bottom. 51% chances.
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Re: 03/02/2020 Live Update

Postby QED » Mon Mar 02, 2020 2:45 pm

Heck wrote:
Al_Dente wrote:
Heck wrote:......Wall St preps for possible shutdown of trading floor.......

Boss: can you give us a source on that, thanks


Charles Gasparino

https://www.fox5ny.com/news/nyse-could- ... ontingency

Apparently, some brokerages are already practicing their shutdown plans ...

Millennials Marooned As RobinHood Experiences System-Wide Outage :roll:
https://www.zerohedge.com/markets/mille ... ire-outage


Fidelity Breaks For 2nd Time In A Week: Countless Accounts Showing Zero Balance :roll:
https://www.zerohedge.com/markets/fidel ... ro-balance

.
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Postby MrMiyagi » Mon Mar 02, 2020 2:56 pm

WE ALL SURVIVED THE WEEKEND!!!
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Re: 03/02/2020 Live Update

Postby Al_Dente » Mon Mar 02, 2020 2:59 pm

ONGOING VIX WATCH:
The famous VIX signal may trigger at the close (outside the bb then CLOSES back inside the bb = buy-spy signal). It has a high success rate.
ONLY THE CLOSE COUNTS.
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Re: 03/02/2020 Live Update

Postby Al_Dente » Mon Mar 02, 2020 3:01 pm

Drawdowns since the big 2009 low
As of Friday 2/28
Note last December‘s drawdown [trade wars] was deeper than the current drawdown [virus].
https://www.advisorperspectives.com/ima ... da51f5.png
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Re: 03/02/2020 Live Update

Postby Cobra » Mon Mar 02, 2020 3:46 pm

Not good, possible lower high trend reversal.
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Re: 03/02/2020 Live Update

Postby Al_Dente » Mon Mar 02, 2020 3:59 pm

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Postby MrMiyagi » Mon Mar 02, 2020 4:01 pm

Cobra wrote:Not good, possible lower high trend reversal.


Washington State coronavirus cases up to 18 with 6 deaths now (possibly 7). These are the old folks from the nursing home.
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Re: 03/02/2020 Live Update

Postby ccash04 » Mon Mar 02, 2020 4:04 pm

Squeeze play up to 3080?
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Re: 03/02/2020 Live Update

Postby brokebybernacke2 » Mon Mar 02, 2020 4:09 pm

ccash04 wrote:Squeeze play up to 3080?


like the idea. 3050 maybe. market weathering the corona headlines ok.
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Re: 03/02/2020 Live Update

Postby Al_Dente » Mon Mar 02, 2020 4:15 pm

'Across the U.S., hand sanitizer sales are up 73% for the four weeks ended Feb. 22, according to data pulled by Nielsen. Sales of medical masks have surged 319%.'
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Re: 03/02/2020 Live Update

Postby Cobra » Mon Mar 02, 2020 4:33 pm

Breakout on the upside now should be more likely.
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Re: 03/02/2020 Live Update

Postby Al_Dente » Mon Mar 02, 2020 4:51 pm

Al_Dente wrote:Broke above ascending triangle, target roughly 3075
5min
32asc tri.png.png

target met
good grief :o
Last edited by Al_Dente on Mon Mar 02, 2020 4:58 pm, edited 1 time in total.
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Re: 03/02/2020 Live Update

Postby Cobra » Mon Mar 02, 2020 4:52 pm


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Re: 03/02/2020 Live Update

Postby Cobra » Mon Mar 02, 2020 4:53 pm

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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

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Re: 03/02/2020 Live Update

Postby ccash04 » Mon Mar 02, 2020 5:01 pm

Booyeah good move there
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