02/14/2020 Live Update

[Trades with cats]

From Harknett at B of A. Making the rounds on the internet. Very aware that Pasta Boss does not think much of him, although he did have his moment a year ago. And this is talking about air B&B, Uber etc, the tech start ups designed to get around local laws and regulations.

[JFR]

Swing trade bias for 7 asset classes. DBC flat. GLD up slightly. IYR up strong. SPY up but at a top. TLT maybe up just a bit. USO flat. UUP up but at a top. Just in my opinion.

[JFR]

ES 5. Back up to the EMA 20. Taking a break. Later ...

[Al_Dente]

bubbles last 40 years.jpg

From Harknett at B of A....Very aware that Pasta Boss does not think much of him.....

NOT TRUE Boss, just one time last year he bragged unnecessarily... they all do.... he's fine... honest...

[te_fern]

Second, lower trend line. Which was broken, now price is back at it....

[BullBear52x]

I am selling now.

[Al_Dente]

B of A is important, especially when they survey their institutions and richie accounts
that's valuable stuff
zillions AUM assets under management

[BullBear52x]

Not a very good setup but weak open and TRIN >1 I think bears got some room to go down further, will see.

[Trades with cats]

The stick save at 3370 ES, with 3380 being the regular session high. Gee I wonder where the options effect is today.

[Heck]

EXPE Target + 28 %
From 120.05 to 154
+ 1.12 % Dividend

[BullBear52x]

I was too early, this is good sell setup. oy....

[Cobra]

So far it's just a range day. Take time to relax.

[BullBear52x]

Wishful thinking, I am in bear camp for now.

[Trades with cats]

Look at the order book/Depth of Market/sitting orders thingy on the right. Note the defense of 3380 and you understand my attitude towards the options market makers. The Fed injects billions by reliving them of treasuries and they put the cash to good use capturing premiums. Or at least that is the narrative I am following.

[BullBear52x]

closed right here or lower, bears got more than 50% chance of trade lower on Monday. The IF, the day still young.

[Trades with cats]

closed right here or lower, bears got more than 50% chance of trade lower on Monday. The IF, the day still young.

I think you meant to say Tuesday.

[Trades with cats]

After Washington's birthday on Monday next up is Good Friday April 10.

[Al_Dente]

Trading after President’s Day Weekend
Tuesday SPX green; Wednesday is all red for all three major averages
https://jeffhirsch.tumblr.com/post/1908 ... still-weak

[BullBear52x]

closed right here or lower, bears got more than 50% chance of trade lower on Monday. The IF, the day still young.

I think you meant to say Tuesday.

yes, next trading day. ooopz

[BullBear52x]

There will be a fight at bottom but I don't think it will hold.