06/05/2020 Live Update

[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.

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

my thinking is simple, in a day there will be a day Low and day Hi, nailed any one of it you should do fine. short HOD or buy LOD. easy said than done but with big range day and high volatility like we have now it's very rewarding, stick to one side only tho. (buy or sell for the day)

[jademann]

But not before November..

[QED]

Al_Dente, does your StreetSmart Edge show a SPY 295 PBar at 4:26pm yesterday?

[JFR]

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

If someone in the audience asked: "What if they go up, you buy them, and they go down?" He might answer: "Don't buy them." Ha ha

[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.

my thinking is simple, in a day there will be a day Low and day Hi, nailed any one of it you should do fine. short HOD or buy LOD. easy said than done but with big range day and high volatility like we have now it's very rewarding, stick to one side only tho. (buy or sell for the day)

That is gold, Man. Plus you love the game, win or lose on a trade.

For me, I look for trend, pullback and resume. And some other plays.

[Al_Dente]

Al_Dente, does your StreetSmart Edge show a SPY 295 PBar at 4:26pm yesterday?

after hours (shaded green) yesterday:

[BullBear52x]

with 13 handles in the pocket, my second sell is in the money, will take half off as soon as I get 5 handles from it. and.....beer time with the house's money on a stop and called it "FRIDAY" !!!

[Cobra]

First test of EMA20 in 2+ hours, so watch for the EMA buy setup. I don't like the pullback though, it's too sharp for an uptrend day. Also touching EMA20 sometimes means the trend is near over, beware.

[Cobra]

Members only update at 12:25 pm
http://www.cobrasmarketview.com/2020/06 ... ay-update/

[QED]

Al_Dente, does your StreetSmart Edge show a SPY 295 PBar at 4:26pm yesterday?

after hours (shaded green) yesterday:

65ah.png.png

Yeah, that is what mine shows.

On a Mac, if you click on the candle while holding down the "option" key and then click on the "Edit Tick Data" (near the bottom of the pop-up box), you can see the actual low = 295.

.

[JFR]

ES 5. Down to the EMA 20, nearly to the pivot.

[BullBear52x]

Cash SPX Fib, same read, bull need support here or bears will take over.

[Heck]

Very strong push up, trend day is likely, either up or down. Likely up.

Great call

[Al_Dente]

Al_Dente, does your StreetSmart Edge show a SPY 295 PBar at 4:26pm yesterday?

after hours (shaded green) yesterday:

Yeah, that is what mine shows.
On a Mac, if you click on the candle while holding down the "option" key and then click on the "Edit Tick Data" (near the bottom of the pop-up box), you can see the actual low = 295.
.

Thanks boss. I'm on a PC. I just put my cursor at the bottom of the P-Bar and it shows the price

[Al_Dente]

"Opinion: ‘You should be nervous!’—legendary money manager slashes stock market exposure from 55% to 25%"
https://www.marketwatch.com/story/you-s ... 2020-06-05

[JFR]

https://www.marketwatch.com/story/dow-f ... =home-page

The market that will not die.

[Al_Dente]

volatility
options traders, 5m

[Al_Dente]

McClellan
yesterday
https://www.mcoscillator.com/learning_c ... vergences/

[Heck]

Signal Watches = DOWN DOWN DOWN
https://stockcharts.com/public/1684859/chartbook

QQQ SELLING < 240.17
SP.1 Jun Futs SELLING < 3,210.50
$SPX SELLING < 3,211.72
SPY SELLING < 321.27

No Guts no Gold ?

[jademann]

Have to say that todays move looks parabolic and we know what that means. I am going to hold my positions.