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05/07/2019 Live Update

Trades with cats
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Re: 05/07/2019 Live Update

Post by Trades with cats »

Lots of bets on a double bottom. (860 contracts)Same two points lower at 88.50
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Cobra
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Re: 05/07/2019 Live Update

Post by Cobra »

breakdown with a good looking bear bar then it'd be downtrend day with perhaps later day reversal up. down and down day has been rare.
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te_fern
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Re: 05/07/2019 Live Update

Post by te_fern »

Trades with cats wrote:te-fern I had not looked at a regular hours chart. Those gaps look like bomb craters! I have VWAP at 2901.50. You would think we would get there when the euro time zone crowed closes out their shorts for the day.

You saw the articles on how much Goldman gets for themselves plus several billion for clients on the Uber IPO so no way they let this get out of hand. Of course the White House will do what it can to help them get the market back up.
I would agree with the IPO's coming we should find some support around here....
This is not investment or trade advice.
Trades with cats
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Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2019 Live Update

Post by Trades with cats »

DOM shows lumps at ES 2895 sellers, and ES 2888.25 2888.5 buyers.
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Al_Dente
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Re: 05/07/2019 Live Update

Post by Al_Dente »

5min
1) SPX finally filled that 12 April gap
2) 1/VIX is starting to wedge
3) QQQ "knock three times" is failing; cyan box target just below that
57five.png.png
Last edited by Al_Dente on Tue May 07, 2019 10:55 am, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 05/07/2019 Live Update

Post by Trades with cats »

As the people who are paid to write (cough, Cobra, cough) say, tops are a process. Looking for next week to turn ugly with the IPO stuff behind us and nothing but politics to move the market. :) Admit that this volatility is way more exciting to trade.
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Mr. BachNut
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Re: 05/07/2019 Live Update

Post by Mr. BachNut »

Mr. BachNut wrote: We have two down gap targets within striking distance at 2888.32 and 2778.20.
First target tagged.
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JFR
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Re: 05/07/2019 Live Update

Post by JFR »

Pushing down for now.

2019-05-07_0755.png
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BullBear52x
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Re: 05/07/2019 Live Update

Post by BullBear52x »

I am eyeing 78.25 (big dream)

but that is next level that make sense for now.
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MrMiyagi
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Post by MrMiyagi »

Super-bearish day with 92% down volume and VIX at 20. Thanks Donnie!
te_fern
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Re: 05/07/2019 Live Update

Post by te_fern »

Still in bear channel....
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Daniel
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Re: 05/07/2019 Live Update

Post by Daniel »

BullBear52x wrote:I think the bottom is in now...
IWM undercut yest's low (made at the open) and is now above, it may be bottoming...
te_fern
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Re: 05/07/2019 Live Update

Post by te_fern »

Trying to escape to the upside....
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1der
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Re: 05/07/2019 Live Update

Post by 1der »

Lol!! Just learned something new in the arena of “how brokers manipulate their clients accounts” -

Interactive Btokers pop up “we repriced your Stop Order so it would not cross your set stop price”

Had a stop for my SPY long at 288.11, just before it gets there they repriced and triggered at 288.12. Had not seen that before :shock:

So, I got long again immediately at 288.14 because they were doing me a favor!!! :lol:
Last edited by 1der on Tue May 07, 2019 11:43 am, edited 1 time in total.
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BullBear52x
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Re: 05/07/2019 Live Update

Post by BullBear52x »

wishful thinking, one more shakeout before a bottom is in today.
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Daniel
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Re:

Post by Daniel »

MrMiyagi wrote:Super-bearish day with 92% down volume and VIX at 20. Thanks Donnie!
It's making Mr. BachNut happy.
:)
Trades with cats
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Re: 05/07/2019 Live Update

Post by Trades with cats »

Ninja has a setting so your stops are on your computer, not at the brokers. Assume some other programs offer the same.
Trades with cats
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Re: 05/07/2019 Live Update

Post by Trades with cats »

Did I just miss a Fed Announcement or a jobs report or something?
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JFR
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Re: 05/07/2019 Live Update

Post by JFR »

Riding the volatility. One minute chart on ES. Discrete moves large enough for scalps. Taking a break ...

2019-05-07_0841.png
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Cobra
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Re: 05/07/2019 Live Update

Post by Cobra »


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