06/17/2020 Live Update

[Al_Dente]

HELLO KITTY [the BIG FIVE plus five more]
is a breath away from an ATH

[Al_Dente]

all the $NYFANG
15m

[BullBear52x]

Nope can not buy today, go right ahead everyone.

[Heck]

HTZ Trading Halted

whoever buying it they think after BK filling they will get a car?

Buyers market
BQ Hertz has thousands of used cars available on its website HertzCarSales.com.
Vehicles delivered free up to 75 miles.

SEC has issues with bankrupt HTZ plan to sell stock, SEC Chairman Jay Clayton says

No equity value

HTZ offering memorandum told investors they would lose their money.

2000, 2007 and Tulip Bulb deja vu

https://en.wikipedia.org/wiki/Extraordi ... _of_Crowds

[Heck]

I have had some setups tee up, but the market has reversed before they trigger.

NYMO 061720.jpg

From buying dips to selling rips
Lower highs and lower lows
Whipsaw down market

[JFR]

ES daily. Up off the EMA 20. Inside day.

[JFR]

ES 5. Moving up slowly, clear of the EMA 20.

[Cobra]

Testing resistance.

[JFR]

About even on the Dow. HD, MSFT and MCD leading. XOM, BA and DOW Holdings trailing. BA and DOW Holdings once again either leading or lagging.

[JFR]

BA and DOW, 30 minutes, 10 days. A rough ride for those two.

[BullBear52x]

Trading reminder, the best a trader can do is not to be on the wrong side of a trade, wish you were in is better than wish you were out.

[BullBear52x]

Grasshopper come

[Al_Dente]

One of the precursers of the 2000-2002 Tech crash was the IPO-ing of virtually worthless companies.
That has been well documented.
Problem was that the bubble continued far longer than anyone expected.

Re: what Heck said earlier this morning.
Now HTZ is in bankruptcy court, and it got a delisting notice.
The bankruptcy court on 6/12/20 approved Hertz’s  request to sell up to $1 billion in stock [IPO].
6/15 “Hertz says it expects stockholders to lose all their money in filing for selling more stock”
“Unless a genie or a lamp showed up the collateral pool, we expect the eventual equity value will be zero,” [CreditSights analyst].

"This is what is traditionally called a “canary in a coal mine.” [Pasta]

[JFR]

ES 5. Sharp pullback, through the EMA 20.

[BullBear52x]

One of the precursers of the 2000-2002 Tech crash was the IPO-ing of virtually worthless companies.
That has been well documented.
Problem was that the bubble continued far longer than anyone expected.

Re: what Heck said earlier this morning.
Now HTZ is in bankruptcy court, and it got a delisting notice.
The bankruptcy court on 6/12/20 approved Hertz’s  request to sell up to $1 billion in stock [IPO].
6/15 “Hertz says it expects stockholders to lose all their money in filing for selling more stock”
“Unless a genie or a lamp showed up the collateral pool, we expect the eventual equity value will be zero,” [CreditSights analyst].

"This is what is traditionally called a “canary in a coal mine.” [Pasta]

This is time for government to jump in on their bond no?

[K447]

... Hertz’s request to sell up to $1 billion in stock [IPO].
...

Well, not the INITIAL Pubic offering. Maybe the FINAL public offering.

FPO

[Al_Dente]

..."This is what is traditionally called a “canary in a coal mine.” [Pasta]

This is time for government to jump in on their bond no?

Regarding that Monday accouncement that the FED is to purchase individual corporate bonds — not merely ETFs.
One headline was:
“Powell Licks Wall Street’s Shoes”

[BullBear52x]

See TRIN secret; a tell tale during consolidation phase.

[JFR]

ES 5. Looking at Keltner Channel, the market is a slow moving river today. Flattening now.

[Heck]

See TRIN secret; a tell tale during consolidation phase.

Nice