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06/07/2019 Live Update

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Cobra
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06/07/2019 Live Update

Post by Cobra »

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this bulls shall have legs.
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Cobra
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Re: 06/07/2019 Live Update

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te_fern
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Re: 06/07/2019 Live Update

Post by te_fern »

Seems to me that the TICKs have gotten way ahead of their MA lines. Need some consolidation.....
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te_fern
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Re: 06/07/2019 Live Update

Post by te_fern »

Got a few seconds of sideways action and then onwards and upwards. Wished for a better pullback. I hate chasing these straight up markets....
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te_fern
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Re: 06/07/2019 Live Update

Post by te_fern »

I was out the last couple of days. Earlier in the week was a better time to chase.....
This is not investment or trade advice.
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Cobra
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Re: 06/07/2019 Live Update

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Cobra
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Re: 06/07/2019 Live Update

Post by Cobra »

possible uptrend day.
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Mr. BachNut
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Re: 06/07/2019 Live Update

Post by Mr. BachNut »

Happy Friday from Mr. B

The NYMO cycle appears to be up.
A positive close today will confirm.
In spite of wicked price action, yesterday was the first positive close (barely) in some time.
The benchmark price at the cycle low (May 13) is SPX 2801.43 and has already been handily exceeded.

Price knocked off the last of my near up gap targets shortly after the open and is bumping into the 50 day MA as I write.
It has been a blistering surge since the Monday low.
We have opened a fresh down gap target at yesterday's close.
The next up gap targets are a good 60-70 handles higher. The bulls will have their work cut out to capture them.
The mid-May highs just above 2890 look interesting. Other than stopping out some truly stubborn shorts, the volume hole above could provide resistance.
Price may need to consolidate awhile around the middle keltner here before making a decision to go after the April highs or alternatively the Monday low as the case may be.

Monday's low is now really important.
We have tested the 200 day MA (again...).
Closes below Monday's low would constitute a failed test and dip buyers/patient longs could be moved to liquidate opening up a fair bit of downside.

Sometimes NFP days set up reversals. So, I am curious to see what trade does after the Europe close today into next week.

I am long SPX and neutral R2K (long and short).
I worked long hedges against shorts Monday and Tuesday, which turned out to be a good thing.
The SPX short was closed leaving the long to which I added.
The R2K short hasn't stopped out yet (hmmm...). Probably today. I will have capacity to add more long on a pullback next week if it does.
No doubt being hedged left money on the table with price on a rocket, but we're trying to stick to the program. :roll:
NYMO 060719.jpg
Trades with cats
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Re: 06/07/2019 Live Update

Post by Trades with cats »

ES 06-19 (2000 Tick) 2019_06_07 (8_54_56 AM).png
Trades with cats
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Re: 06/07/2019 Live Update

Post by Trades with cats »

ES 06-19 (2000 Tick) 2019_06_07 (9_07_34 AM).png
I am better at trend lines than measured moves. But anyway you measure this sure looks like stick it with a fork this move is done. Let the topping process (retest) begin.
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Mr. BachNut
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Re: 06/07/2019 Live Update

Post by Mr. BachNut »

Stocks up, Bonds up, Oil up, Gold up, Vix up.

Dollar down.
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Cobra
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Re: 06/07/2019 Live Update

Post by Cobra »

the pullback should be bought perfectly even before touching the ema20.
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Re: 06/07/2019 Live Update

Post by Trades with cats »

Testing the bottom of my trend line. If it overshoots VWAP is 4 points lower which may or may not mean anything.
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Al_Dente
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Re: 06/07/2019 Live Update

Post by Al_Dente »

BYND
What are the ingredients in Beyond Meat?
Water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, contains 2% or less of the following: cellulose from bamboo, methylcellulose, potato starch, natural flavor, maltodextrin, yeast extract, salt, sunflower oil, vegetable glycerin, dried yeast, gum arabic, ...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 06/07/2019 Live Update

Post by te_fern »

Al_Dente wrote:BYND
What are the ingredients in Beyond Meat?
Water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, contains 2% or less of the following: cellulose from bamboo, methylcellulose, potato starch, natural flavor, maltodextrin, yeast extract, salt, sunflower oil, vegetable glycerin, dried yeast, gum arabic, ...
Has anyone tasted it yet?
This is not investment or trade advice.
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Al_Dente
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Re: 06/07/2019 Live Update

Post by Al_Dente »

te_fern wrote:
Al_Dente wrote:BYND
What are the ingredients in Beyond Meat?
Water, pea protein isolate, expeller-pressed canola oil, refined coconut oil, contains 2% or less of the following: cellulose from bamboo, methylcellulose, potato starch, natural flavor, maltodextrin, yeast extract, salt, sunflower oil, vegetable glycerin, dried yeast, gum arabic, ...
Has anyone tasted it yet?
Stew Leonard's
Stew was just on CNBC and he said they are FLYING off the shelves
(check BYND today, up almost 30% :shock: )
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: 06/07/2019 Live Update

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Cobra
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Re: 06/07/2019 Live Update

Post by Cobra »

disappointing but for now still the pullback likely would be bought around ema20.
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Re: 06/07/2019 Live Update

Post by Trades with cats »

ES 06-19 (2000 Tick) 2019_06_07 (10_15_15 AM).png
Shorter time view (2000 ticks) looks like if the up trend has a chance now is pretty much the time.Order book is lumpy at 2874 which is where the automated support zone is put by the computer. Candice Brown's divergence oscillator is blue and the zero lag says selling conditions are deteriorating (yellow histogram), Time will tell.
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Al_Dente
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Re: 06/07/2019 Live Update

Post by Al_Dente »

OEX-100 large-cap stocks
sorted by best green
INTRADAY
67oex.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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