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03/18/2021 Live Update

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Cobra
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Re: 03/18/2021 Live Update

Post by Cobra »

Lower high? So the rebound was over?
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JFR
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Re: 03/18/2021 Live Update

Post by JFR »

I finally got around to checking out this archive available on StockCharts, under the Articles tab on homepage. Some great stuff in there going back to 1982. Fun to see the evolution of TA. And some great interviews. Some historic stuff. All downloadable as pdfs.

2021-03-18_11-02-17.png
2021-03-18_11-03-26.png
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Al_Dente
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Re: 03/18/2021 Live Update

Post by Al_Dente »

Plus, money managers have 9 business days to to complete their QUARTERLY REBALANCING.
On 3/6 JPM Estimated Up To $316 Billion In Forced Month-End Selling.
Then on 3/10 they “moved the goalpost” ….“JPM Now Expects Wave Of Stimmy Buying To Offset Massive $316BN In Month-End Selling”.

My QUARTERLY REBALANCING chart shows they'll indeed have to sell stocks and buy bonds to get back in balance (many still need 60/40).
The unknown is if a ginormus SPX buying frenzy will sop up all that selling... or not...
318rebalance.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 03/18/2021 Live Update

Post by Al_Dente »

Self Fulfilling Prophesy?
As soon as a strategy becomes sooo popular that everyone is on board, it is prone to fail.
example: the quants
https://www.zerohedge.com/markets/usual ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 03/18/2021 Live Update

Post by Cobra »

Pennant, bias is a little bit down.
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Trades w 2 Cats
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Re: 03/18/2021 Live Update

Post by Trades w 2 Cats »

Pasta Boss, failed strategy is what Nasim Talab wrote about. It works until it doesn't. You get famous while it works (think Kathy at ARRK) and then down you go when it stops working. Dr. Van Tharp makes it clear in his books that you need a trading method for each type of market (and a way to figure out the market type). Sad thing is too many new traders don't want to read about the past, they just want a kid standing in front of a Lamborghini telling them what to do.

I will get off my soap box now and return to price action day trading-
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Re: 03/18/2021 Live Update

Post by Trades w 2 Cats »

That puts and calls change chart from this morning showed 3950 neutralized with most of the calls being above (expiring worthless tomorrow). Lots of puts scattered below so I don't think we get a follow on drop because the New York banks get to call it a pay day tomorrow, and as the risk on those puts goes away they get to cover their required 10% hedged positions (close out their shorts).
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Cobra
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Re: 03/18/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 03/18/2021 Live Update

Post by Al_Dente »

Goldman’s junior bankers complain of crushing workload... and 100-hour work weeks
https://www.cnbc.com/2021/03/18/goldman ... deals.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 03/18/2021 Live Update

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Cobra
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Re: 03/18/2021 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

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Al_Dente
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Re: 03/18/2021 Live Update

Post by Al_Dente »

Are you charging your iPhone the right way?
https://bestlifeonline.com/charging-iphone-news/
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Al_Dente
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Re: 03/18/2021 Live Update

Post by Al_Dente »

Today the smalls retraced a full 38.2% (from the 3/5 low to the 3/15 high)
If SPX were to do such a thing, it would hit at ROUGHLY 3882-3
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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