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01/10/2020 Live Update

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Cobra
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01/10/2020 Live Update

Post by Cobra »

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The pullback overnight probably will be bought but I don't believe a big up today, let's see.
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Cobra
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Re: 01/10/2020 Live Update

Post by Cobra »

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JFR
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Re: 01/10/2020 Live Update

Post by JFR »

ES daily. Up. Up. Up. "To the moon, Alice!" Nah. But it does not want to stop going up.

2020-01-10_0623.png
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JFR
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Re: 01/10/2020 Live Update

Post by JFR »

ES five minutes. Quiet overnight. Choppy in the last hour.

2020-01-10_0626.png
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BullBear52x
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Re: 01/10/2020 Live Update

Post by BullBear52x »

$CPC <.6

Very comfortable out there. sell
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Al_Dente
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Re: 01/10/2020 Live Update

Post by Al_Dente »

"...the U.S. jobs report showed payroll gains cooling"
[Bloomberg]
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JFR
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Re: 01/10/2020 Live Update

Post by JFR »

ES, NQ, YM and RTY. Gap up overnight. Now crashing down. YM and RTY already filled.

2020-01-10_0631.png
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BullBear52x
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Re: 01/10/2020 Live Update

Post by BullBear52x »

70ish is key support.
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JFR
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Re: 01/10/2020 Live Update

Post by JFR »

Scalp 1 done. Just before it turns back up? Thought I was too late entering. But what the heck? It is all fun, right?

2020-01-10_0635.png
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BullBear52x
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Re: 01/10/2020 Live Update

Post by BullBear52x »

Quick 5 handles, let the other half runs. :mrgreen:
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JFR
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Re: 01/10/2020 Live Update

Post by JFR »

Jaysus. Just when we thought it was safe to go back in the water. Whoosh. Two scalps done. Gonna get a coffee and catch my breath. As they say: "Be careful out there."

2020-01-10_0639_001.png
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JFR
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Re: 01/10/2020 Live Update

Post by JFR »

ES five minutes. Finding some support? That knife looks sharp. But the bulls do not give up easily. Back later ...

2020-01-10_0644.png
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Al_Dente
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Re: 01/10/2020 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 01/10/2020 Live Update

Post by BullBear52x »

Look at summation index, (July-Aug). it can drag on for awhile but toppy for sure.
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Cobra
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Re: 01/10/2020 Live Update

Post by Cobra »


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Re: 01/10/2020 Live Update

Post by BullBear52x »

New LOD is a must or bulls will run the show again today.
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Cobra
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Re: 01/10/2020 Live Update

Post by Cobra »

It's a morning hourly filled black bar
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Trades with cats
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Re: 01/10/2020 Live Update

Post by Trades with cats »

from twitter- next week is options expiration. 15 of the last 20 January op ex weeks were down weeks for the market. So did somebody want to order a plate of pullback?
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Al_Dente
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Re: 01/10/2020 Live Update

Post by Al_Dente »

concentrated leadership
narrow-based rally
usually a sign that a top is near
[Pisani]
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Trades with cats
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Re: 01/10/2020 Live Update

Post by Trades with cats »

Al_Dente wrote:McClellan
VIX divergence
https://www.mcoscillator.com/learning_c ... er_prices/
Tom got into it on twitter with Seth (the guy who has made a bundle shorting the VIX) and made it clear, as is in the article, this is not a signal, it is just a condition that makes a signal possible.

I would add there are a lot of technical indicators and conditions out there saying the same thing, market needs a breather. Earnings are not going to be good. In three months the fed pump is supposed to start showing up in basic economic numbers and we are supposed to see earnings start to catch up to multiples. We will see if that scenario plays out. I am concerned that the FOMC members see the need to make lots of positive comments and forecasts.
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