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10/01/2019 Live Update

Trades with cats
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Re: 10/01/2019 Live Update

Post by Trades with cats »

Trying to test the 60 minute opening range low. Problem is a lot of buys around 2964 2965 in the order book keeping price from getting all the way down.
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BullBear52x
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Re: 10/01/2019 Live Update

Post by BullBear52x »

Can we do 51? Yes, we can.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 10/01/2019 Live Update

Post by BullBear52x »

super magnet highway with no stop signs.
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BullBear52x
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Re: 10/01/2019 Live Update

Post by BullBear52x »

Ding ding ding. have a good one all, I am taking a break. sitting out for new sell setup, if not too late coming in the day. Peace!
Last edited by BullBear52x on Tue Oct 01, 2019 12:10 pm, edited 1 time in total.
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Cobra
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Re: 10/01/2019 Live Update

Post by Cobra »

this bear shall have legs.
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BullBear52x
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Re: 10/01/2019 Live Update

Post by BullBear52x »

some buyers will step in here. I am not buying it.
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BullBear52x
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Re: 10/01/2019 Live Update

Post by BullBear52x »

Chart for the road: Bearish leaning to continue, I see nothing to suggest bottom is in. trade well, Peace!
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Al_Dente
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Re: 10/01/2019 Live Update

Post by Al_Dente »

Stockcharts annotations are broken, so recall my previous chatter:
SPX PLUS SOME GROUPS HISTORICALLY CONSIDERED LEADING GROUPS:
IWM: When there's enough money sloshing around to buy the little-bitty companies, that's bullish. Most
smalls have no budget for buybacks, they have less exposure to trade wars, and IWM is pretty evenly weighted.
SMH ($SOX): SMH holds 26 stocks, pure tech, all semiconductors. XLK is pure tech, but it does not include FB, GOOG, GOOGL!! … while QQQ is just 65+% tech, depending on how you count it.
(trade wars hurt semis, a strong dollar hurts semis).
AI ($XBD): If the broker/dealers are making money, the market should be strong. [Ouch, not today, thanks SCHW]
SPHB: If folks are buying the 100-highest-beta stocks, they'll buy anything. Risk-On if up.

This is LEADERS, 2 months, 60min. They’ve been leading down since about 9/20 (depending on which one you look at).
Exception: semiconductors are holding up the best (cleanest dirty shirt)
101leaders.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: 10/01/2019 Live Update

Post by Al_Dente »

2940 is critical support
Breakdown could be a trap, but if we see a sustainable breakdown here, it opens the trap-door to test 2825
Daily
101spx.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: 10/01/2019 Live Update

Post by Al_Dente »

$NYDEC:$NYADV = 4.8x
$NYDNV:$NYUPV = 3.8x
Higher bear highs all day; nobody’s covering yet !
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: 10/01/2019 Live Update

Post by Al_Dente »

VIX is up 14% ish
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: 10/01/2019 Live Update

Post by Cobra »

1st test of ema20 in many hours, watch for ema short setup which usually only good for a scalp though.
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daytradingES
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Re: 10/01/2019 Live Update

Post by daytradingES »

brokebybernacke2 wrote:Still looking for my helmet. ah found it!
:lol
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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Al_Dente
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Re: 10/01/2019 Live Update

Post by Al_Dente »

HAPPY HOUR
I found a way to direct-link you to the Fidelity trades, so here you are. Let me know if it works.
https://eresearch.fidelity.com/eresearc ... ders.jhtml
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: 10/01/2019 Live Update

Post by JFR »

Al_Dente wrote:HAPPY HOUR
I found a way to direct-link you to the Fidelity trades, so here you are. Let me know if it works.
https://eresearch.fidelity.com/eresearc ... ders.jhtml
It works. Thank you, Pasta Boss.
Charts posted are not recommendations. They are just a sharing of information.
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Al_Dente
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Re: 10/01/2019 Live Update

Post by Al_Dente »

JFR wrote: It works. Thank you, Pasta Boss.
:D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Mr. BachNut
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Re: 10/01/2019 Live Update

Post by Mr. BachNut »

Quick update from Mr. B.

The NYMO cycle remains down.
There is quite a ways to the turn zone. So, no oversold or capitulation action at this point.
However, a corrective NYMO bounce to the zero line sometime in the days ahead would not surprise.

The low today is one handle away from the nearest down gap target.
If a selloff into the close doesn't hit it, some action later in the week should.
Targets further down are located around rising supports. So, we will see what happens.

Still short SPX and R2K.
Have taken second scales in both to leave remaining positions as runners with BE stops.
NYMO 100119.jpg
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Cobra
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Re: 10/01/2019 Live Update

Post by Cobra »


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Cobra
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Re: 10/01/2019 Live Update

Post by Cobra »

well, guess that's it for today. here's what Wednesday looks like: https://stockcharts.com/public/1684859/ ... /533449381

thank you guys, I'll see you in another thread soon.

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