01/23/2020 Live Update

[Al_Dente]

BONDS:
They love treasurys and investment-grade corporates.... hate junk...
As you well know, that is a bear-SPX profile, very short term

[BullBear52x]

/ES, I got two more sell setup for this, dip will be bought but today is sell only day for me.

[Al_Dente]

Virus
Person at LAX hospitalized

[Al_Dente]

coolbizone, couple hours ago
"SPX only had 3 Waves down. As long as 3301.87 is not breached and 3324 is exceeded, its still going to another new ATH near 3350-3370. At 3314 now.
Price action always RULES......Adapt and Adjust for Trades.
LT investments are a separate ball game."

[Trades with cats]

Virus
Person at LAX hospitalized

Would not have bet against this happening.

Family member is a PhD computational biologist who writes software tools for genome assembly. That crowd is really excited about working on a new plague.

[Trades with cats]

Coolbiz got the volatility this week correct but he went with the wrong reason. He closed his longs expecting impeachment trial to cause it.Remembering both Nixon and Clinton (vaguely when the dementia lifts ) I get where he was coming from. But the dreaded words "it's different this time". TV viewership is pretty much non-existent where in the past it was right up there with a Bob Hope Christmas special. But nobody saw Coronovirus coming and it is pretty frightening so far.

[Cobra]

Double bottom text book target. This bull shall have legs at least.

[BullBear52x]

/ES, first LH will have a lot of drama for sure,

[JFR]

ES 5. Moved up to the pivot, where it is beating against the current.

[Al_Dente]

HAPPY HOUR

[JFR]

Bias for various assets or their proxies.

Short DBC. Not quite long on GLD. Long IYR but dicey. Long SPY but dicey. Long TLT but dicey. Short USO. Long UUP but dicey.

For dicey read: ready to jump ship or even waiting to re-enter.

Back later ...

[Trades with cats]

That ES 3324 level ended a nice 10 point move.

[BullBear52x]

Chart for the road: VIX$ bear. intraday rising wedge. see you all next week. Peace!

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2020/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday looks like: https://stockcharts.com/public/1684859/ ... /533449397

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

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397

[Heck]

All Three C/P Option Sentiment Indices = DOWN DOWN DOWN

Falling Greed 68 = DOWN

WFC Target + 33 %
From 47.98 to 64
+ 2.04 % Dividend

[Heck]

HEDGING, CONTINUED:
So.... SPXS (3x short SPX) is roughly $12 per share
pretty cheap protection
SDS (2x short SPX) is roughly $23 per share
plus, both have nice volume especially on down days

Compounding Daily Reset ETFs = Widowmakers over time

SDS Target 14

SPXS Target 0

[Heck]

TSLA Target + 147 %
From 555.603 to 1373.4

Debt To Equity 220.91%