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09/14/2020 Live Update

Re: 09/14/2020 Live Update

Postby JFR » Mon Sep 14, 2020 12:45 pm

ES 5. The rush is over, for the time being. Pause in the action.

Later ...


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Re: 09/14/2020 Live Update

Postby te_fern » Mon Sep 14, 2020 1:11 pm

Seems to be running down the trendline. Now can the blue MA line stop the drop??
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Re: 09/14/2020 Live Update

Postby Cobra » Mon Sep 14, 2020 1:12 pm

I'm a little disappointed in bulls as they couldn't even make a fake breakout, so it's just a range day which means at the current stage, I don't expect huge down.
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Re: 09/14/2020 Live Update

Postby te_fern » Mon Sep 14, 2020 1:19 pm

Nope on the blue MA line. As Cobra says the bulls appear to be letting this opportunity go....
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Re: 09/14/2020 Live Update

Postby BullBear52x » Mon Sep 14, 2020 1:24 pm

morning high is bye bye, intraday buy is bye bye, under 38.2% will be Gap and no go in the making, am I lucky or what? :mrgreen:
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Re: 09/14/2020 Live Update

Postby BullBear52x » Mon Sep 14, 2020 1:28 pm

Wishful thinking, sell at MA resistance if down trend will be the route. :twisted:
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Re: 09/14/2020 Live Update

Postby Al_Dente » Mon Sep 14, 2020 1:34 pm

The Fidelity day-traders use TQQQ (3x long QQQ) for longs,
and SQQQ (3x short QQQ) for hedges and/or shorts.
But they just use SPY for SPX longs. There isn’t heavy use of the juiced SPY ETFs.
None of that is new info.
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Re: 09/14/2020 Live Update

Postby Al_Dente » Mon Sep 14, 2020 1:43 pm

Current movie  box-office data and more
Here’s a new thing from imbd.com:
https://www.boxofficemojo.com/
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Re: 09/14/2020 Live Update

Postby ccash04 » Mon Sep 14, 2020 1:52 pm

P-Bar to 334.22
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Re: 09/14/2020 Live Update

Postby Ratbastrd » Mon Sep 14, 2020 2:00 pm

1. Couple of interesting tidbits I'm watching. Note the odd structure of the VIX term structure. http://vixcentral.com/
It has essentially flipped and is in an "extreme" state at the front end of the curve (both Contango & Backwardization in the front months). I've seen this a few times, but never within a few percentage points from all time highs.

2. Relative out performance by the smalls over last few weeks. Smalls are heavily weighted around financials, which I think is interesting. Are we seeing early signs of sector rotation in anticipation of rate hikes down the road. Seems inconceivable but I'm hearing a lot of talk about it. If true it is possible the markets are preparing for a sustained sell off at some point just over the horizon, as big money will finally have an alternative source of returns. All speculation of course.

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Re: 09/14/2020 Live Update

Postby Al_Dente » Mon Sep 14, 2020 2:01 pm

LABU (S&P biotech x3 long) is up +20% today
And Trump just singed another Executive Order about lowering drug prices.
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Re: 09/14/2020 Live Update

Postby Ratbastrd » Mon Sep 14, 2020 2:13 pm

Al_Dente wrote:LABU (S&P biotech x3 long) is up +20% today
And Trump just singed another Executive Order about lowering drug prices.


Thanks, didn't see that. That may also be contributing the smalls out performance.
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Re: 09/14/2020 Live Update

Postby Cobra » Mon Sep 14, 2020 2:16 pm

Hard to say whether it's the range low here. The bottom line is no sharp pullback here until a new day high otherwise it could be a lower high trend reversal at least very hard to make a decision.
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Re: 09/14/2020 Live Update

Postby Al_Dente » Mon Sep 14, 2020 2:20 pm

WHAT’S INSIDE SMALLS, IWM, daily
Weighting is noted at lower left, but small tech (black) usually leads

914inside smalls.png.jpg
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Re: 09/14/2020 Live Update

Postby BullBear52x » Mon Sep 14, 2020 2:25 pm

Bulls are not failing intraday until that level of 38.2%, bears will need to make a move quick.
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Re: 09/14/2020 Live Update

Postby Cobra » Mon Sep 14, 2020 2:30 pm

This is what I meant: A strong bear signal bar, very hard to make decision here, good chances it's a lower high reversal if the next bar is another strong bear bar.
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Re: 09/14/2020 Live Update

Postby BullBear52x » Mon Sep 14, 2020 2:34 pm

Bears beware, this is no bearish looking any more, my stop out here.
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Re: 09/14/2020 Live Update

Postby BullBear52x » Mon Sep 14, 2020 2:46 pm

Bulls are fighting hard, giving up already. :twisted:
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Re: 09/14/2020 Live Update

Postby BullBear52x » Mon Sep 14, 2020 2:58 pm

Descending triangle.
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Re: 09/14/2020 Live Update

Postby Cobra » Mon Sep 14, 2020 3:04 pm

The bulls' last hope is double bottom here. I see volume surge, so maybe, just maybe a rebound here first then we'll see.
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