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03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:02 am
by Cobra
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Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:03 am
by brucekeller
LOL, while most couldn't sleep last night, Cobra oversleeps. :D

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:04 am
by EkOnkaar
Stockcharts in the fritz again :(

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:06 am
by Fieldydwb
===============================

Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.[/quote]

Probably the coolest post of the year from a trader :)

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:11 am
by Daniel
SPY testing hod...

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:13 am
by JFR
Brought over from the other page ...

Daniel wrote:
JFR wrote:It's back open. OK, maybe I will do some trading.

Absolutely. Day trader's paradise, if volatility is a desirable thing for one's system. SPY just went from 273.60 to 281.60 in ten minutes. Try getting THAT kind of return from a 10yr treasury.
:)


Ha ha. You have a gambler's heart. I don't think one can rely on charts today. Ninja was all f***ed up this morning. StockCharts is dead in the water. I like to feel comfortable at the control panel. Ha ha TOS charts OK. IB charts OK but always limited.

If StockCharts could get running, I could do some Scan research that I have not quite finished.

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:16 am
by Daniel
Fieldydwb wrote:
Cobra wrote:Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.

Probably the coolest post of the year from a trader.

Fieldydwb--and any other new posters to this Board--note how you can use the editing function to pick out just the exact portion you want to quote, and not the rest. This is good to do, it keeps posts from being unnecessarily long.
Just make sure to leave the quote brackets at beginning and end.
:)

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:16 am
by Cobra

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:18 am
by BullTart
gapped down below the target (!) - we should fill the gap

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:19 am
by Cobra
Not much to say other than please wait for the dust to clear. Right now it's the usual rebound let EMA20 to catch up, then we'll see there.

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:19 am
by Fieldydwb
Daniel wrote:
Fieldydwb wrote:
Cobra wrote:Sorry, overslept, there's one hour change, hopefully didn't miss too much fun.

Probably the coolest post of the year from a trader.

being unnecessarily long.
:)


Got it. Sorry about that.

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:21 am
by Daniel
JFR wrote:Ha ha. You have a gambler's heart.

Actually not. With volatility like this one can keep position size very small, and still knock out a nice scalp-return. Just be patient and wait for good setups, with target and stop in a favorable ratio. Trading today will be pure sentiment. And that's when technical analysis does best. ;)

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:22 am
by JFR
Overnight/weekend gaps down on ES, NQ, YM and RTY. Back in business for the time being.


2020-03-09_0721.png

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:25 am
by Daniel
Fieldydwb wrote:
Daniel wrote:long.

Got it.

Yes! Indeed you did.
This Board software is very user friendly and flexible. Another achievement of Cobra the wise.
:)

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:30 am
by Daniel
OK, we have an OR-60 for SPY-- 273.60 low and 282.60 high.
That is the current universe.

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:36 am
by Daniel
Basic FreeStockcharts.com has been streaming fine all morning. It's still a staple for me. Stockcharts is still frozen.

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:36 am
by Al_Dente
only one stock in the dow is green: WMT
only one stock in the OEX-100 is green: WMT

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:38 am
by BullBear52x
/ES halted at 5% first breaker. the lucky number was 2818.88

look up 818 number, there is message in it. we need to get over that number then life will be back stable and only good thing will happen from there. :D

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:40 am
by Daniel
SPY is still holding about $2 above daily VWAP. These metrics are what gets woven into "price discovery".
What is the market willing to pay for the equity...

Re: 03/09/2020 Live Update

PostPosted: Mon Mar 09, 2020 10:43 am
by Mr. BachNut
The NYMO cycle is down... obviously!
However, in spite of limit down halts and such, we have a positive NYMO divergence now that things are trading.
Let's see how things close, but if it holds, some kind of low may be in the cards in coming days.

We closed another down gap target this morning.
I have brought the remaining possible down gap targets that were stranded back onto the radar as they now seem plausible. :shock:
However, I have retired Pac-Man. His belly is full. He nailed a lot of targets and more remain, but the analogy doesn't seem amusing anymore...

There remains a stranded NYMO benchmark price at SPX 2595.32 (pea green line).
The model says stranded benchmarks get resolved eventually.
I don't think we get there without a rally first (remember I have no clue what will happen), but it is a level to keep a note of for down the road.

If the NYMO low is in, the February low will become a benchmark level for me (SPX 2855.84).
Quotes will be odds on to go above that in the next NYMO up cycle.
If NYMO closes below the February 28 low, this is kaput.

I am flat at the moment. It has only been day trades for me lately and no holding over the weekend.
I would grumble as quick trades are not my thing, but position trading in FX and commodities has been significantly more orderly.
If the positive NYMO divergence holds and the central banks react (seems probable), perhaps a long equity swing will set up for me.
We shall see.

NYMO 030920.jpg