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05/13/2020 Live Update

Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 1:48 pm

ES 5. Stuck beneath the EMA 20. Getting squeezed by the trendline.


2020-05-13_1047.png
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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 2:10 pm

Now let's see whether bulls can make a higher low here. Exceeds the tinted area before we can take them seriously. 51% chances.
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Re: 05/13/2020 Live Update

Postby Al_Dente » Wed May 13, 2020 2:30 pm

US ETFs that have in excess of $100 billion in AUM [assets under management]
SPY
IVV
VTI
VOO
QQQ just joined the club
https://www.etf.com/sections/blog/qqq-joins-elite-club
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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 2:37 pm

Not exceeded the mini target before rollover so still no serious bulls yet, still in range, still generally should be a rebound before the close, a down from open to close day has been rare.
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Postby MrMiyagi » Wed May 13, 2020 2:41 pm

Cobra wrote:Not exceeded the mini target before rollover so still no serious bulls yet, still in range, still generally should be a rebound before the close, a down from open to close day has been rare.


Ah dammit, sold kidneys to go long, come on Baby Janet!!

ps NYMO at -52
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Re: 05/13/2020 Live Update

Postby JFR » Wed May 13, 2020 2:49 pm

SPY 5. Down a bit off the EMA 20, to a support level.


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Re: 05/13/2020 Live Update

Postby K447 » Wed May 13, 2020 2:59 pm

Cobra wrote:... has been rare.

Rare and unusual seems to happen more often nowadays.
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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 3:05 pm

Knights of shinning armors? Still need 2 consecutive strong bull bars and exceeds the tinted area. Let's see.
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Re: 05/13/2020 Live Update

Postby Cobra » Wed May 13, 2020 3:10 pm

I said 2 consecutive strong bull bars, so sorry, it's not the knights of shinning armors.
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Re: 05/13/2020 Live Update

Postby Heck » Wed May 13, 2020 3:13 pm

BTFD
Replaced by
STFR

red close ?
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Re:

Postby Heck » Wed May 13, 2020 3:15 pm

MrMiyagi wrote:
Cobra wrote:Not exceeded the mini target before rollover so still no serious bulls yet, still in range, still generally should be a rebound before the close, a down from open to close day has been rare.


Ah dammit, sold kidneys to go long, come on Baby Janet!!

ps NYMO at -52


Jay did not get the memo ?
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Postby MrMiyagi » Wed May 13, 2020 3:17 pm

Heck wrote:Jay did not get the memo ?


Jay doesn't get the game like Baby Janet and The Bernank did
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Re: 05/13/2020 Live Update

Postby Heck » Wed May 13, 2020 3:19 pm

BEA releases Q2 GDP First Estimate 30 June 2020

Q2 Second Estimate with Corp Profits 27 August 2020

Q2 Third Estimate 30 September 2020

Long hot summer ?

https://www.bea.gov/news/schedule

Where have all the flowers gone ?
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Re:

Postby Heck » Wed May 13, 2020 3:21 pm

MrMiyagi wrote:
Heck wrote:Jay did not get the memo ?


Jay doesn't get the game like Baby Janet and The Bernank did


Helicopter game
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Re: 05/13/2020 Live Update

Postby Heck » Wed May 13, 2020 3:23 pm

Anyone investing since 2009

May not believe markets also go down

Bear Market music enjoying renaissance

https://www.youtube.com/watch?v=hONnenV2lZg
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Re: 05/13/2020 Live Update

Postby Daniel » Wed May 13, 2020 3:28 pm

Al_Dente wrote:5/12 'Norway plans to draw a record 382 billion kroner 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.

Perhaps the Fed will just print more money, and start to buy stock ETFs, further "expanding its balance sheet" (whatever that actually means). This puts a perpetual bid under the market--for as long as the entire system doesn't fall apart. I believe that when the sell in May crowd is finished being stopped out, a 'summer rally' will follow, fueled by nothing more than hyper-liquidity and pomo/somo injections from central banks.

Gold is neither dropping nor taking off. "Don't fight the Fed" is still a rule not to be ignored.
:)
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Re: 05/13/2020 Live Update

Postby Heck » Wed May 13, 2020 3:29 pm

2800 Maginot line penetrated

Stuff getting real
Last edited by Heck on Wed May 13, 2020 3:34 pm, edited 1 time in total.
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Re: 05/13/2020 Live Update

Postby K447 » Wed May 13, 2020 3:32 pm

Heck wrote:Anyone investing since 2009

May not believe markets also go down

...

Or since March 23, 2020 ...

SPY is now outside week.

Potential 3-2 range expansion.
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Re: 05/13/2020 Live Update

Postby Daniel » Wed May 13, 2020 3:34 pm

Interesting that SPY seriously undercut its LOD, QQQ has tested it, but IWM has not come close and holds well above.

Any kind of IWM leadership in RS has been rare lately.
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Re: 05/13/2020 Live Update

Postby Heck » Wed May 13, 2020 3:35 pm

Cobra wrote:I said 2 consecutive strong bull bars, so sorry, it's not the knights of shinning armors.


https://www.youtube.com/watch?v=9muzyOd4Lh8
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