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05/14/2020 Live Update

Re: 05/14/2020 Live Update

Postby BullBear52x » Thu May 14, 2020 10:51 am

That's all she wrote for bears today. I am done. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 05/14/2020 Live Update

Postby JFR » Thu May 14, 2020 10:58 am

SPY 5. Moved above the EMA 20.


Screenshot_20200514_075756.jpg
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Re: 05/14/2020 Live Update

Postby Al_Dente » Thu May 14, 2020 11:02 am

Cobra wrote:Now finally it's clear just as I felt at the open, likely it's just a range day. Now it's the bear's last chance to make it a downtrend day by push sharply down here, 30% chances.

That's quite a P-Bar on Cobra's SPY
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Re: 05/14/2020 Live Update

Postby Heck » Thu May 14, 2020 11:02 am

$BKX Target - 100 %
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Re: 05/14/2020 Live Update

Postby Heck » Thu May 14, 2020 11:12 am

red close ?
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Re: 05/14/2020 Live Update

Postby JFR » Thu May 14, 2020 11:19 am

ES 5. Up through levels of resistance.


2020-05-14_0817.png
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Re: 05/14/2020 Live Update

Postby Mr. BachNut » Thu May 14, 2020 11:20 am

The NYMO cycle is finally confirmed down, but talk about volatility.
For awhile there has been this bouncing ball between the zero line and the upper turn zone. Quite extraordinary.
Things broke down with yesterday's flush.
The opening trade this morning had NYMO in the lower turn zone.
So, the bounce here is no surprise.
I would also not be surprised to see NYMO bounce back to the zero line in the days ahead.

Pricewise, we have been coiling around the middle keltner band.
The retest of the April high found resistance, and now we have a bit of a double top.
The 200 MA is converging with a gap target not far above the highs.
I wouldn't rule out a trip up there to mess up minds, but it would probably be a sell. The market can do what it wants.
There is a big P Bar this morning that goes down to a gap target below today's low. So, that target is likely on the agenda at some point.

I am still sticking to short time frame day trades (long and short) given the funk.
I do have some longer time frame short setups percolating but not quite mature.
So, that may be some business in the days ahead.

NYMO 051420.jpg
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Re: 05/14/2020 Live Update

Postby Cobra » Thu May 14, 2020 11:20 am

Gap filled as expected. Now let's see where the range high is. It cold be an uptrend day (40% chances) but it'll be mostly within the yesterday's range so I'll treat it as a range day anyway.
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Re: 05/14/2020 Live Update

Postby Al_Dente » Thu May 14, 2020 11:26 am

Is this the pullback you’ve been waiting for?
https://quantifiableedges.com/is-this-t ... iting-for/
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Re: 05/14/2020 Live Update

Postby Heck » Thu May 14, 2020 11:35 am

Cobra wrote:Gap filled as expected. Now let's see where the range high is. It cold be an uptrend day (40% chances) but it'll be mostly within the yesterday's range so I'll treat it as a range day anyway.


Good call
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Re: 05/14/2020 Live Update

Postby Heck » Thu May 14, 2020 11:38 am

BullBear52x wrote:That's all she wrote for bears today. I am done. Peace!


Nice trades
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Re: 05/14/2020 Live Update

Postby JFR » Thu May 14, 2020 11:49 am

Some leaders and laggards on the Dow.


2020-05-14_0847.png
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Re: 05/14/2020 Live Update

Postby Cobra » Thu May 14, 2020 12:05 pm


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Re: 05/14/2020 Live Update

Postby Al_Dente » Thu May 14, 2020 12:10 pm

Options traders buying puts
They are covering but the bears aren’t throwing in the towel just yet
Benchmark: the higher lows
VIX, 5min
514vix.png.png
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Re: 05/14/2020 Live Update

Postby Cobra » Thu May 14, 2020 12:33 pm

Probably it's not a double top here, it's a C&H so bias is up.
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Re: 05/14/2020 Live Update

Postby JFR » Thu May 14, 2020 1:19 pm

SPY 5. Up over yesterday's close. There is no give up in the bulls. And of course the poor, and those living pay cheque to pay cheque are not in the stock market. But the funds need to allocate their money. Placements long are getting harder to find.


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Re: 05/14/2020 Live Update

Postby Cobra » Thu May 14, 2020 1:24 pm

Breakout as expected. It's a measured move up but I don't think it'll reach the 100% target, will rollover before it.
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Re: 05/14/2020 Live Update

Postby Al_Dente » Thu May 14, 2020 2:01 pm

"A top-heavy market tends to topple"
https://sentimentrader.com/blog/a-top-h ... to-topple/
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Re: 05/14/2020 Live Update

Postby Al_Dente » Thu May 14, 2020 2:04 pm

"When Twitter, a $22 billion company with a headquarters in the center of San Francisco, told employees they could work from home permanently on Tuesday, techies in the Bay Area began to wonder why they were there at all."
https://www.buzzfeednews.com/article/al ... es-leaving
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Re: 05/14/2020 Live Update

Postby Cobra » Thu May 14, 2020 2:04 pm

Pullback before the 100% mm target as expected. The pullback should be bought somewhere though.
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