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03/31/2021 Live Update

Re: 03/31/2021 Live Update

Postby BullBear52x » Wed Mar 31, 2021 1:11 pm

Okay, I think it is overbought enough, time to change direction. hop on counter trend bear train now.
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Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 1:13 pm

Thanks Pasta Boss- This sounds a lot more passable than the rumored 4 trillion wish list. See how $PAVE does.
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Re: 03/31/2021 Live Update

Postby BullBear52x » Wed Mar 31, 2021 1:14 pm

ES, RSI of 1, 5, 30, 60min. are all over 70, I can feel 5 to 10 handles on the down side from here.
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Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 1:21 pm

Trades w 2 Cats wrote:Thanks Pasta Boss- This sounds a lot more passable than the rumored 4 trillion wish list. See how $PAVE does.

:D
Industrials, PAVE, and materials, 4 hr chart
[Recall that PAVE is 65% industrials and 21% materials]
[Be wary of possible "buy the rumor, sell the news"]
331 indu pave material.png.jpg
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Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 1:46 pm

[add]
PAVE is 65% industrials and 21% materials, and guess what: Information Technology is 5%.
Total 92%
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Re: 03/31/2021 Live Update

Postby BullBear52x » Wed Mar 31, 2021 1:46 pm

Last buy for today.
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Re: 03/31/2021 Live Update

Postby Cobra » Wed Mar 31, 2021 1:55 pm

It's the very first test of EMA20 in 2+ hours, watch for long setup which sometimes might be just good for a scalp though. Actually it's a H2 long setup now.
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Re: 03/31/2021 Live Update

Postby BullBear52x » Wed Mar 31, 2021 2:00 pm

come on bulls need gas Money.
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Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 2:03 pm

Al_Dente wrote:[add]
PAVE is 65% industrials and 21% materials, and guess what: Information Technology is 5%.
Total 92%

more on PAVE:
3/31/21 approximately 101 holdings, expense ratio is 0.47% which is high, 100% U.S. companies even though “Global” is in the title.
Top holdings: DE (weight 3.2% with all other holdings less than that, so no crazy overweight stuff), PH, NSC, ETN, EMR, SRE, TT, VMC, UNP, CSX and more.
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Re: 03/31/2021 Live Update

Postby BullBear52x » Wed Mar 31, 2021 2:06 pm

Got stopped out, well, end the month with high note on SPX, will be back next week. GLTA.
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Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 2:16 pm

DIA recovered from deep dive, now slipping beneath the EMA 20. IWM nice move up, testing down beneath the EMA 20. QQQs and SPY strong days, now testing down beneath the EMA 20.


2021-03-31_11-14-14.png
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Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 2:18 pm

Effective tomorrow, 4/1/31, XLY “The Discretionary Sector” shall be known as “The AMZN TSLA Sector”
Just kidding, April Fool’s.
True story: AMZN is 23% of xly and TSLA is 13% and HD is 9% (total = 45%)
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Re: 03/31/2021 Live Update

Postby Al_Dente » Wed Mar 31, 2021 2:24 pm

More on DISCRETIONARY XLY
Quite a difference when you use RCD equal-weight discretionary
Problem is XLY is a main sector that is referenced by all
But I believe RCD tells the “real” story
Daily
331rcd.png.jpg
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Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 2:33 pm

Some Dow stocks doing well today.


2021-03-31_11-31-53.png
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Re: 03/31/2021 Live Update

Postby JFR » Wed Mar 31, 2021 2:36 pm

Some Dow stocks taking hits today.


2021-03-31_11-34-57.png
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Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 2:43 pm

If you have some time after the close how about a zoom conference with a real heavy hitter (he has a Forbes column, I don't).
Dr Brett Steenbarger


FINAL NOTICE: In 2 hours,
@futuresio
will be hosting
@steenbab
and I on a panel "What you want to know but are afraid to ask" about trading @ 4:30 PM EST today! #ES_F #futures #Trading

Link issue fixed. Please RT.

Register here:
http://ft71.com/fiomarch2021zoom
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Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 2:45 pm

I will put up the link for the video recording when it starts circulating in a day or two (as in Monday).
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Re: 03/31/2021 Live Update

Postby Cobra » Wed Mar 31, 2021 2:50 pm

Lower high so the high was in for today? Just a reminder to watch.
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Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 2:54 pm

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_03_31 (1_49_49 PM).png

End of Month, end of Quarter, three day weekend. Power hour could be exciting. But my chart says if 3975 does not hold it is out of the channel and a sell off into the close. Or more likely just a drop to build energy for a big push finish.

What ever happens Monday will be a new chapter.
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Re: 03/31/2021 Live Update

Postby Trades w 2 Cats » Wed Mar 31, 2021 3:00 pm

Evil thought for next month. Kathy's new fund SPACE is starting to trade. Evil site says it is just mostly usual QQQ stuff like Netflix with only one actual space stock. Will be fun to see after 30 days if there is an arbitrage opportunity. Looking to put on some hedged positions before summer doldrums hit.
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