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03/26/2020 Live Update

Re: 03/26/2020 Live Update

Postby Mr. BachNut » Thu Mar 26, 2020 3:10 pm

NYMO has spiked to the upper turn zone.

This doesn't provide an edge per se but says it is time to watch for a change in behavior.
Three possible patterns to watch as a guide:

1) NYMO stays elevated and spends time (usually choppy) in the upper turn zone = This is an initial price thrust and price will likely keep climbing.
2) NYMO reverses sharply = Price reverses sharply too.
3) NYMO eases off gradually = Price consolidates and churns perhaps with upward bias and perhaps with mild corrective move at some point.

So, no idea what will happen as usual but a this may help to shape a useful bias.
This market has been extraordinary though. So, may also get the unexpected.

I have scaled out a lot of my accumulated SPY and IWM etf positions. :)
I do have some long ES future on but without conviction. May jam the stop at signs of a turn.

NYMO 032620.jpg
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Re: 03/26/2020 Live Update

Postby Al_Dente » Thu Mar 26, 2020 3:21 pm

VIX will go bull-spy when it closes in the green zone
326VIX NOW.PNG.png

Here’s how that worked in 2008 (green zone = bull spy)
326VIX2008.png.png
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Re: 03/26/2020 Live Update

Postby K447 » Thu Mar 26, 2020 3:29 pm

Al_Dente wrote:VIX will go bull-spy when it closes in the green zone
...

Meaning bullish bias to SPY when VIX cross down into the green zone, correct?
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Re: 03/26/2020 Live Update

Postby Al_Dente » Thu Mar 26, 2020 3:43 pm

Test kits available for healthcare providers ($135 each)
Not ready yet for individuals
ttps://www.everlywell.com/

This site was referenced on March 18 in TIME Magazine, so I’m assuming it is credible.
https://time.com/5805953/home-covid-19-test-everlywell/
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Re: 03/26/2020 Live Update

Postby Cobra » Thu Mar 26, 2020 3:53 pm


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Re: 03/26/2020 Live Update

Postby Cobra » Thu Mar 26, 2020 3:54 pm

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397

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Re: 03/26/2020 Live Update

Postby jaijailyc » Thu Mar 26, 2020 3:54 pm

4.5B Buy MOC
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Re: 03/26/2020 Live Update

Postby Al_Dente » Thu Mar 26, 2020 4:12 pm

Governor Andrew Cuomo, the ad hoc President of the Covid-19 Response Team, has taken to calling Dr. Fauci in the middle of the night…
“I don’t care what time it is; our people are dying.”
Dr. Fauci always answers...
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Re: 03/26/2020 Live Update

Postby JFR » Thu Mar 26, 2020 4:19 pm

Al_Dente wrote:Governor Andrew Cuomo, the ad hoc President of the Covid-19 Response Team, has taken to calling Dr. Fauci in the middle of the night…
“I don’t care what time it is; our people are dying.”
Dr. Fauci always answers...


God Bless.
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