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05/13/2020 Live Update

05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 9:11 am

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The rebound overnight maybe was just a bear flag. However the current pullback has 50% chances to make either a higher low or slightly lower low before the pullback starting from yesterday is over, so key time.
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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 9:17 am


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Re: 05/13/2020 Live Update

Postby BullBear52x » Wed May 13, 2020 9:28 am

Find excuse to sell. it will be very volatile day today I think. day traders' heaven.
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 9:29 am

ES daily. Down to the EMA 20.


2020-05-13_0628.png
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 9:31 am

ES 5. Up earlier, but down in the last 90 minutes.


2020-05-13_0628_001.png
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Re: 05/13/2020 Live Update

Postby BullBear52x » Wed May 13, 2020 9:31 am

Overnight's look, the attempt to break out and up is failing, so.....sell it is.
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 9:36 am

Dow 30. Mostly red. Dow Holdings, RTX and CVX leading the way down. PG, AAPL and MRK trying to stay green.


2020-05-13_0634.png
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Re: 05/13/2020 Live Update

Postby Al_Dente » Wed May 13, 2020 9:40 am

After seven days of higher lows, the FANGs puked yesterday
Longs are not safe until that gets “fixed”
[also, AAPL was “on pace for 7th straight day of 1%+ … Last and only time that happened? Aug 29th, 2000”]

513FANG.PNG.png
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Re: 05/13/2020 Live Update

Postby Al_Dente » Wed May 13, 2020 9:41 am

5/12 'Norway plans to draw a record 382 billion kroner ($37 billion) from its wealth fund, forcing the world’s biggest sovereign investor to embark on an historic asset sale to generate cash. [Norway’s Finance Ministry via Bloomberg]
ps: they own tons of U.S. stocks
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Re: 05/13/2020 Live Update

Postby Al_Dente » Wed May 13, 2020 9:46 am

THE HEAVYWEIGHTS
60min
%
since the 2/19 high
513heavy.png.png
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 9:49 am

ES 5. "And they're off." Wild start, as expected.


2020-05-13_0648.png
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Re: 05/13/2020 Live Update

Postby BullBear52x » Wed May 13, 2020 9:49 am

Love this volatility, if market bottom here it will surprise me, they will at least test overnight low or lower to lower BB than rebound, when I am wrong I can be really wrong :twisted:
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 9:54 am

AAPL. 60 minutes. P&F.


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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 10:01 am


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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 10:04 am

Should be the usual rebound to EMA20 after gap down, from where we'll see whether bears have chances or not today.
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Re: 05/13/2020 Live Update

Postby Heck » Wed May 13, 2020 10:15 am

SP.1 Jun Fut SELLING < 2,876.75
$SPX SELLING < 2,874.14 edit
SPY SELLING < 287.19 edit
QQQ SELLING < 224.55 edit
Last edited by Heck on Wed May 13, 2020 10:36 am, edited 1 time in total.
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Re: 05/13/2020 Live Update

Postby BullBear52x » Wed May 13, 2020 10:34 am

No new LOD from here, Bears are so dead.
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Re: 05/13/2020 Live Update

Postby Al_Dente » Wed May 13, 2020 10:54 am

5/12 Druckenmiller last night: "The wild card here is the Fed can always step up their purchases of assets...
... The risk-reward for equity is maybe as bad as I've seen it in my career."

Trump responds on twitter this morning: “When the so-called “rich guys” speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down. Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?”

Cramer responds on twitter: “It's true. The rich guys are not on to help you, they are on to help themselves. There are so many great American companies that people can invest in that are doing so much for shareholders AND those on the front line..Stop scaring people!”
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 10:57 am

ES 5. Bob and weave. Jab. It's a boxing match.


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Re: 05/13/2020 Live Update

Postby BullBear52x » Wed May 13, 2020 10:57 am

If bears can not trust this down under 32.8% I will call it a day. :geek: :ugeek: :ugeek:
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