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06/04/2019 Live Update

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Cobra
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Re: 06/04/2019 Live Update

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Cobra
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Re: 06/04/2019 Live Update

Post by Cobra »

the pullback probably will be bought, say around ema20.
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Al_Dente
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Re: 06/04/2019 Live Update

Post by Al_Dente »

All the Shorty McShorts scrambled to cover.
From yesterday: “The ‘minimum’ rally would test 2800.”
We are so near that 2800; she must best that, and sustain it, for bulls to cheer. That would mean that the sellers saw 2800 and backed away…. We’ll see…
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 06/04/2019 Live Update

Post by JFR »

Looking for a chance to go long. The market, in its capricious way, is teasing me. No setup. Have to pass.

Back later ...

2019-06-04_1017.png
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Al_Dente
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Re: 06/04/2019 Live Update

Post by Al_Dente »

GURU DRUCKENMILLER is describing his actions last month… not what he’s doing today…
"When the Trump tweet went out, I went from 93% invested to net flat, and bought a bunch of Treasuries," Druckenmiller said Monday evening [6/3] quoted by Bloomberg, referring to the May 5 tweet from Trump which threatened an increase in tariffs on China and which sparked the most vicious selling yet. Explaining his decision, Druck said that it's “not because I’m trying to make money, I just don’t want to play in this environment."
zh: Incidentally, for those confused what going from 93% invested to flat means, the answer is he liquidated his entire equity book.

He doesn’t like the weakness in the consumer sectors (similar to December), and I proxied his view here:
64druck.png.png
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: 06/04/2019 Live Update

Post by Al_Dente »

The next FOMC meeting is June 18-19 and currently the odds favor NO CHANGE IN RATES (79.2% no change… only 20.8% odds for easing)
https://www.cmegroup.com/trading/intere ... -fomc.html

[edit: This changes when the actual futures-positioning changes. It does not change with the daily jawboning or tweets from the bobble-heads].
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: 06/04/2019 Live Update

Post by Cobra »

the pullback this time might be a little bit larger as I saw 3 push up prior to it.
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Al_Dente
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Re: 06/04/2019 Live Update

Post by Al_Dente »

She’s going south just shy of 2800
Srsly, what is wrong with you?
You’d better try again bulls.
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: 06/04/2019 Live Update

Post by Al_Dente »

$NYADV:$NYDEC = 3.2x
$NYUPV:$NYDNV = 4.4x
that's why i say try again
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: 06/04/2019 Live Update

Post by Al_Dente »

see gigantic P-bar on IWM 5min
not on TNA
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Al_Dente
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Re: 06/04/2019 Live Update

Post by Al_Dente »

HAPPY HOUR
dog obedience.png.png
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Cobra
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Re: 06/04/2019 Live Update

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Cobra
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Re: 06/04/2019 Live Update

Post by Cobra »

well, guess that's it for today. here's what Wednesday looks like. thank you guys, I'll see you in another thread soon.

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