06/05/2020 Live Update

[BullBear52x]

First round of sell wasn't go. new sell setup here.
Take first 5 handles and kick back, same play book.

[QED]

I have to go outside (buying lobsters) so will have no comments until maybe 12 pm.

Cobra's subtle way of bragging about how well he has been trading?
.

[BullBear52x]

I have to go outside (buying lobsters) so will have no comments until maybe 12 pm.

Cobra's subtle way of bragging about how well he has been trading?
.

Cobra never shorted the market, it is against his long term view that market over times is up. He also has enough money and time to buy 10 dips if it needs to. so far working out real good for him and position bullish in general.

[BullBear52x]

Bears will have to work their butt out for 20 handles to even get a Doji or a reversal candle. it's good for me if they tried.

[JFR]

ES daily. Moving on up.

[JFR]

ES 5. Three hours of luft.

[jademann]

In this market perma bulls pay gold bars.

[Cobra]

OK, I didn't miss anything. Just like I said, it's an uptrend day as I commented shortly after the open. A sudden big bull bar after serious of push up could mean exhaustion so maybe a pullback here first which likely would be bought later.

[JFR]

Dow 30. Lots of green. BA, RTX and XOM leading. WMT, PFE and NKE trailing.

[Al_Dente]

Daily
%
the red-horizontal line marks the 2/19 high
[The BLS is already talking about revising "that number" so don't get too cocky]

[jademann]

My problem is I lived through the 2001 crash. It was unrelenting down for two years almost. I dont trust a market that always goes up.

[BullBear52x]

My problem is I lived through the 2001 crash. It was unrelenting down for two years almost. I dont trust a market that always goes up.

It's Friday, wait half an hour the big trading desk will be done trading, leaving us the gambler fighting each other out. hope I nailed the top of day this time, it's a good feeling that you got top or bottom of the day.

[JFR]

Boeing

Luft

[JFR]

My problem is I lived through the 2001 crash. It was unrelenting down for two years almost. I dont trust a market that always goes up.

Will Rogers: "Only buy stocks that go up. If they don't go up, don't buy them."

[Al_Dente]

intraday momentum wanes

[BullBear52x]

My trading report:
1st sell = break even
2nd sell = waiting.
3rd sell = will take off the table any minute now.

P/L = Green. not bad on sell only on the day like today.

[jademann]

BB you said that anyone buying SPXU or similar above 3000 would do fine. Do you still think so?

[JFR]

My trading report:
1st sell = break even
2nd sell = waiting.
3rd sell = will take off the table any minute now.

P/L = Green. not bad on sell only on the day like today.

Not bad at all. You do just fine, BullBear52. You plan your trade, and you trade your plan. Lots of hits. Some that miss.

[Al_Dente]

Will Rogers: "Only buy stocks that go up. If they don't go up, don't buy them."

[BullBear52x]

BB you said that anyone buying SPXU or similar above 3000 would do fine. Do you still think so?

ETFs is decay in time, the big negative, but I still do we will see 3000 Cash index.