Back to www.cobrasmarketview.com

   

01/22/2020 Live Update

Re: 01/22/2020 Live Update

Postby BullBear52x » Wed Jan 22, 2020 11:42 am

I am sitting out now, waiting for new sell setup.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2020 Live Update

Postby JFR » Wed Jan 22, 2020 11:45 am

ES 5. Moving on up. Finally took me out of a scalp long that was hurting.


2020-01-22_0744.png
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2020 Live Update

Postby Cobra » Wed Jan 22, 2020 11:46 am

Breakout, but not strong bull bar, so not very sure whether it'd be an uptrend day or not. This bull shall have legs though.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45409
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/22/2020 Live Update

Postby JFR » Wed Jan 22, 2020 11:51 am

ES 2 minutes. Just when you think it's safe to go back in the water ...


2020-01-22_0750.png
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2020 Live Update

Postby BullBear52x » Wed Jan 22, 2020 11:53 am

Back on selling, here is my channel to go with now.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2020 Live Update

Postby BullBear52x » Wed Jan 22, 2020 11:58 am

Cash SPX Fib, This will be the easy level to see bulls need this support.
Attachments
1.PNG
Last edited by BullBear52x on Wed Jan 22, 2020 12:01 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2020 Live Update

Postby BullBear52x » Wed Jan 22, 2020 12:00 pm

Take another 5 handles out, and kick back from here , new HOD is a stop. coffee time.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2020 Live Update

Postby JFR » Wed Jan 22, 2020 12:04 pm

NYSE Ticks hanging beneath zero right now. Back later ...


2020-01-22_0802.png
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2020 Live Update

Postby Al_Dente » Wed Jan 22, 2020 12:13 pm

Hedging, medium term:
"... prepare for economic storms on the horizon..."
"...I own long [SPY] puts at several strike prices around $300, March and later for the expiration, just in case something nutty is about to happen. I have paid about 2% of my portfolio value as insurance so I can sleep at night. Overall, if the stock market declines greater than 10% in the first half of 2020, the added insurance will kick-in and keep my portfolio’s total value rising."
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "

https://seekingalpha.com/article/431831 ... t-downturn
User avatar
Al_Dente
 
Posts: 23677
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2020 Live Update

Postby Trades with cats » Wed Jan 22, 2020 12:14 pm

Downward forecast this morning had ES 3324 as the target.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/22/2020 Live Update

Postby BullBear52x » Wed Jan 22, 2020 12:16 pm

$TRIN, $BPSPX, $NYSI all line up for bears, but $VIX is still calm. once the fear pick up this will go fast. so far we have a bearish piercing candle formation, this could turn into engulfing real fast.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2020 Live Update

Postby JFR » Wed Jan 22, 2020 12:18 pm

Al_Dente wrote:Hedging, medium term:
"... prepare for economic storms on the horizon..."
"...I own long [SPY] puts at several strike prices around $300, March and later for the expiration, just in case something nutty is about to happen. I have paid about 2% of my portfolio value as insurance so I can sleep at night. Overall, if the stock market declines greater than 10% in the first half of 2020, the added insurance will kick-in and keep my portfolio’s total value rising."
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "

https://seekingalpha.com/article/431831 ... t-downturn



Great article, Pasta Boss. Thank you.

Back later ...
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2020 Live Update

Postby Al_Dente » Wed Jan 22, 2020 12:26 pm

JFR wrote:
Al_Dente wrote:Hedging, medium term:.....
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "
https://seekingalpha.com/article/431831 ... t-downturn

Great article, Pasta Boss. Thank you.
Back later ...

Thanks
You can poke holes through the whole article. Eg: he’s short the leveraged tech ETF (TQQQ) which has almost doubled since the October low. He’d be squeezed to death if Tech continues up another month or more. That’s too much risk. Better to buy QQQ puts ??
etc.
User avatar
Al_Dente
 
Posts: 23677
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/22/2020 Live Update

Postby BullBear52x » Wed Jan 22, 2020 12:26 pm

Down target 3312.5 and 3305 will see.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 22281
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/22/2020 Live Update

Postby JFR » Wed Jan 22, 2020 12:35 pm

Al_Dente wrote:
JFR wrote:
Al_Dente wrote:Hedging, medium term:.....
"Disclosure: I am ... short SPY, TQQQ, SBUX, COST, PG, NKE, AMT, COF, T "
https://seekingalpha.com/article/431831 ... t-downturn

Great article, Pasta Boss. Thank you.
Back later ...

Thanks
You can poke holes through the whole article. Eg: he’s short the leveraged tech ETF (TQQQ) which has almost doubled since the October low. He’d be squeezed to death if Tech continues up another month or more. That’s too much risk. Better to buy QQQ puts ??
etc.


Agreed. How to protect is the question. He has some good ideas. The biggest and best idea he has is to be cynical about how high the market is at present. Personally I do not buy options. I sell them on occasion.

I have been pondering what stocks to short (along with inverse ETFs), when the time comes. His idea of shorting those big ticket items has my attention. SBUX NKE PG et cetera
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2020 Live Update

Postby Heck » Wed Jan 22, 2020 12:39 pm

TSLA Target + 140 %
From 561.25 to 1348

NFLX Target + 51 %
From 325.684 to 493.2

Exceptions to the Downtrend

Hedge Funds Take Note
Heck
 
Posts: 1431
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 01/22/2020 Live Update

Postby JFR » Wed Jan 22, 2020 12:41 pm

ES 5. Finding support at the pivot. Back up to a resistance level, near the EMA 20. Later ...


2020-01-22_0839.png
User avatar
JFR
 
Posts: 3682
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/22/2020 Live Update

Postby Cobra » Wed Jan 22, 2020 12:58 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45409
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/22/2020 Live Update

Postby Trades with cats » Wed Jan 22, 2020 1:00 pm

Shorting is an art form. Going with the crowd is very dangerous, just ask the fund managers who blew up over their Tesla Shorts.
Boeing is in a fine position to waterfall down if they haven't had too much of their float taken by shorts all ready.
Note that the founder and Goldman have sold all of their Uber shares.
Still wishing Pelaton would go public as that is a sure fire loser. Probably too many hedge funds all ready circling over that dying beast.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/22/2020 Live Update

Postby Heck » Wed Jan 22, 2020 1:01 pm

NEM Target + 38 %
From 43.42 to 60
+ 1.29 % Dividend

+ 35.51 % last year outperformed many investments

45 % Margins
Heck
 
Posts: 1431
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 10 guests