02/16/2021 Live Update

[tim-follows]

Put buying right out of the gate, easing now
Note how extreme the put buying was in the VXN (QQQ) options (black dash). That is also easing a bit.

216vix vxn.png.jpg

great chart, thanks

[Al_Dente]

Put buying right out of the gate, easing now
Note how extreme the put buying was in the VXN (QQQ) options (black dash). That is also easing a bit.

great chart, thanks

[JFR]

ES daily. Some resistance at the top.

[JFR]

SPY 5. Riding the E Train, the EMA 20.

[JFR]

Dow 30. Gainers and losers are even. Makes for a relatively quiet day.

[Trades w 2 Cats]

Major ES selling at 45 twice this morning. Only question is are they done or will they stop the normal up move into the close. Cause you know 50 has to be a major strike for the options crowd.

In other speculation how far will the 10 year go before the Fed is forced to act?

[Al_Dente]

banks in the S&P (KBE) all time high
banks love higher rates

[BullBear52x]

Last sell for bears.

[tim-follows]

day after President day used to most negative trading day in Feb.....

Maybe retailers pile in again and ES spike back to overnight highs haha

[BullBear52x]

At least a corrective ABC

[BullBear52x]

Cash SPX Fib, bears will be disappointed if we closed above this pivot. FOMC meeting and lots of econ data tomorrow. bears need this lower close.

[JFR]

It is cool now Stockcharts.com have extended hour data option.

BullBear52x sees everything. Ha ha. All knowing. All seeing. Just kidding. But thanks for pointing out the new feature, extended hours.

And I see a large pbar this morning. And now price is all over that level. And of course it corresponds to yesterday's close. Many of us here, including BullBear52x and myself, love charts. They communicate, says the ex-fundamental trader, now much more of a technical trader. Ha ha. OK, I still use fundamentals, just not as often.

[BullBear52x]

It is cool now Stockcharts.com have extended hour data option.

BullBear52x sees everything. Ha ha. All knowing. All seeing. Just kidding. But thanks for pointing out the new feature, extended hours.

And I see a large pbar this morning. And now price is all over that level. And of course it corresponds to yesterday's close. Some of us here, including BullBear52x and myself, love charts. They communicate, says the ex-fundamental trader, now much more of a technical trader. Ha ha. OK, I still use fundamentals, just not as often.

2021-02-16_11-53-51.png

Are you done wasting time on Bitcoin? Haha

[JFR]

It is cool now Stockcharts.com have extended hour data option.

BullBear52x sees everything. Ha ha. All knowing. All seeing. Just kidding. But thanks for pointing out the new feature, extended hours.

And I see a large pbar this morning. And now price is all over that level. And of course it corresponds to yesterday's close. Some of us here, including BullBear52x and myself, love charts. They communicate, says the ex-fundamental trader, now much more of a technical trader. Ha ha. OK, I still use fundamentals, just not as often.

2021-02-16_11-53-51.png

Are you done wasting time on Bitcoin? Haha

Yup. Ha ha. But it was a useful exercise for me. It was time I did a little more research on it. But we don't need it. We have stocks, and futures and forex to play with. And the banking/currency system is here for a while yet.

[BullBear52x]

It is cool now Stockcharts.com have extended hour data option.

B

2021-02-16_11-53-51.png

Are you done wasting time on Bitcoin? Haha

Yup. Ha ha. But it was a useful exercise for me. It was time I did a little more research on it. But we don't need it. We have stocks, and futures and forex to play with. And the banking/currency system is here for a while yet.

yes, my piggy brain have a hard time just to keep up with the main index alone.

[Trades w 2 Cats]

Bitcoin and Robinhood are both posers. Pretend to be some new short cut around big money wall street. But we learn they are just a different store front for retail run by the same people. Always the same but always different. Greatest trader in history started at "bucket shops" in the 20's. I remember penny stocks. Now bitcoins. Human nature never changes. People on this forum know it takes a lot of work to trade. Someone else is always offering a short cut that turns into a trap. If you try to tell the suckers they will tell you that you are wrong and in their way.

Look up Dunning-Krueger chart showing how the totally ignorant think they are experts.

[Cobra]

Members only update at 3:38 pm
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[BullBear52x]

More boom story, my neighbor came for a beer, He told me about this new no fee trading account called Robinhood. He told me He should put in more money now that everything is up and making a good profit so far. His focus is on all of the high flying news driven names. I don't want to ruin his childhood dream so I said nothing, who knows he might find a holy grail that I knew nothing about.

[BullBear52x]

Chart for the road: well, well, well, looks like a failed breakout to me. it will be fun tomaroo.Peace!

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2021/02 ... ay-update/