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03/20/2020 Live Update

Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 10:18 am

A breakout without TRIN support (<1) I will not trust it.
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Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 10:23 am

5 heaviest-weighted stocks in SPY:
320HEAVY.PNG.png
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Re: 03/20/2020 Live Update

Postby JFR » Fri Mar 20, 2020 10:23 am

SPY 5. Getting squeezed, between the EMA 20 and support.


2020-03-20_0721.png
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Re: 03/20/2020 Live Update

Postby te_fern » Fri Mar 20, 2020 10:30 am

Really need a sustained break of this line.....
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Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 10:33 am

I will give a chance of testing overnight high is >70%, will it holds that is another question, strong resistance at /ES 2479.5
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Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 10:40 am

60 min
resistance at black-lines
but two new green shoots today
320sixty.png.png
Last edited by Al_Dente on Fri Mar 20, 2020 10:44 am, edited 1 time in total.
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Re: 03/20/2020 Live Update

Postby Cobra » Fri Mar 20, 2020 10:42 am

So far it's a range day to me as long as the yesterday's high is not taken decisively. Assume the range high is the yesterday's high for now.
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Re: 03/20/2020 Live Update

Postby BullTart » Fri Mar 20, 2020 10:43 am

trading for the breakout above the ascending triangle that has been forming since Wed on a strong bottom support (61.8 fib line from the 666 low to the recent highs) - loaded up on TQQQ
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Re: 03/20/2020 Live Update

Postby jademann » Fri Mar 20, 2020 10:48 am

Glad VIX /VXV is back under 1.0. That is why there have been huge moves in UVXY but relatively small moves in SPY. If they can keep a lid on the VIX it bodes well for Longs next week.
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Re: 03/20/2020 Live Update

Postby JFR » Fri Mar 20, 2020 10:56 am

https://www.marketwatch.com/articles/gl ... od=markets

Stock market gains do very little or nothing for wage earners. And those wage earners can not really self-quarantine, as they need to work. Just in my opinion.


2020-03-20_0753.png
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Re: 03/20/2020 Live Update

Postby JFR » Fri Mar 20, 2020 10:59 am

ES 5. Moving up.

Taking a break ...


2020-03-20_0758.png
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Re: 03/20/2020 Live Update

Postby te_fern » Fri Mar 20, 2020 11:10 am

Added Bulltart's line, if it can break here, it would break the horizontal and the downward sloping line......
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Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 11:25 am

It's Friday, this is not what I expected. bulls are having a hard time, new LOD will be dangerous. I am out and done. Peace!
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Re: 03/20/2020 Live Update

Postby tsf » Fri Mar 20, 2020 11:27 am

Rumors of successful tests of potential existing malaria and lupus drugs against covid-19 in France and Eurpe
See #hydroxychloroquine on Twitter

Stocks that could benefit: Teva, Mylan, Gilead, Sanofi and Bayer
Last edited by tsf on Fri Mar 20, 2020 11:28 am, edited 1 time in total.
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Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 11:28 am

drop due to Cuomo's announcement of "100% workforce reduction"
enforced with fines
"essential" stuff exempt
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Re: 03/20/2020 Live Update

Postby BullTart » Fri Mar 20, 2020 11:28 am

Cuomo comes out with the news of basically NY lock down for all non-essential personnel - if the bulls can weather this bomb, it will show that the market is becoming numb to bad news. That would portend a temporary bottom here.

Essentially, the opposite of the times when the Fed bazooka news would come out and the market spiked briefly then faded shortly after.

That would signal a change in herd psychology.
Last edited by BullTart on Fri Mar 20, 2020 11:31 am, edited 1 time in total.
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Re: 03/20/2020 Live Update

Postby te_fern » Fri Mar 20, 2020 11:28 am

Can't post chart, but lower resistance line is holding so far....
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Re: 03/20/2020 Live Update

Postby jademann » Fri Mar 20, 2020 11:30 am

I am still holding UPRO over the weekend based on this => http://schrts.co/ymeFKWcC
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Re: 03/20/2020 Live Update

Postby BullBear52x » Fri Mar 20, 2020 11:36 am

If you don't make it a real panic, you will not get that bail out for the business? for us, only price pays, I hope bulls can hold on to this, not looking now do or die. have a good weekend all. Peace!
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Re: 03/20/2020 Live Update

Postby Al_Dente » Fri Mar 20, 2020 11:40 am

BullBear52x wrote:If you don't make it a real panic, you will not get that bail out for the business? for us, only price pays, I hope bulls can hold on to this, not looking now do or die. have a good weekend all. Peace!

boss: charts react to the news
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