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05/19/2017 Live Update

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Cobra
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Re: 05/19/2017 Live Update

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te_fern
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Re: 05/19/2017 Live Update

Post by te_fern »

Cleared the 2383 resistance. See if it can hold it....
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SPX 60 Min.PNG
This is not investment or trade advice.
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Al_Dente
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Re: 05/19/2017 Live Update

Post by Al_Dente »

Al_Dente wrote:NY advancing stocks = 3.5 x declining stocks
NY advancing volume = 7.0 x declining volume (not a typo)

Nasdaq advancing stocks = 1.8 x declining stocks
Nasdaq advancing volume = 3.2 x declining volume
internals, 5min, green volume still strong, NY, 7.9x :shock:
519internal.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
uempel
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Re: 05/19/2017 Live Update

Post by uempel »

Checking SPX daily linear:
jajkld.png
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Mr. BachNut
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Re: 05/19/2017 Live Update

Post by Mr. BachNut »

Mr. BachNut wrote:
Mr. BachNut wrote:
I am neutral carrying shorts and hedge longs put on yesterday.
I'll be scaling a long shortly to get net short by the close.
By Monday I will be short or flat if stops get hit.
Took a long scale on the tag of a P-bar I saw at SPY 238.60.
It was also a tag of 10 day exponential MA on ES.
Tightening stop on remaining hedge long.
If bulls keep charging my short may get taken out.
Emotionally, I want to reload short scales taken out Wednesday, but gonna do nothing and stick to the regularly scheduled program.
Will think about it over weekend and respond to price action next week.
I'm back...
Getting an overbought signal here. Seems a little surprising but it is what it is.
My remaining hedge long will come off today as a consequence. Will watch from here into the close and pick a spot to sell.
Doesn't mean market can't go up further. Just gives an edge for a pullback in the next few days.
Going to stop doing the blow by blow here... We'll see what next week brings...
fehro
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Re: 05/19/2017 Live Update

Post by fehro »

fehro wrote:SPX opening on 50d SMA.. possible invs H&S 5m . gap and go first target 20d 2386, overall target 2395... "IF" it goes
ding ding 20d SMA
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Al_Dente
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Re: 05/19/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
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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: 05/19/2017 Live Update

Post by Cobra »

pullback might not over yet.
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Cobra
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Re: 05/19/2017 Live Update

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Cobra
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Re: 05/19/2017 Live Update

Post by Cobra »

well, guess that's it for today. Monday has been very bull friendly recently. thank you guys, I'll see you in another thread soon.

please don't forget our weekly sentiment poll which will be posted right after the close.

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flrtrader
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Re: 05/19/2017 Live Update

Post by flrtrader »

Well this swoon was a new rumor that trump made a statement to Russians about Comey being gone... This is nutz, Im not a Trump fan but if I were him I'd put everyone on finding the source of these constant leaks an they would never see the light of day again.
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Cobra
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Re: 05/19/2017 Live Update

Post by Cobra »

our weekly sentiment poll is here:
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