02/24/2020 Live Update

[JFR]

ES 5. Getting boxed in again by the EMA 20, a support level and a trendline. Waiting for a breakout. Busy day, and night. Taking a break. Back later ...

[QED]

.
$750,000.00 in ~48 hours ...

https://twitter.com/coolbizone/status/1 ... 6190781440

He already deleted it!

Screen Shot:
https://ibb.co/6WXhXts
.

[Al_Dente]

last night from Market Watch
"As Richter’s numbers on the chart show, the rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the 1980s.... Meawnhile, the delinquency rate at the biggest 100 banks was at 2.48%."

[Daniel]

Based on Cobra's bias, and BB52's trend channel, I've posted a sentry at 222 on the QQQ.

It would be a perfect double bottom at a higher intraday low.

[JFR]

ES 5. Tighter and tighter. Scalping still available.

[Heck]

India Trade Bigger Than China = UP
https://tinyurl.com/tqvgp5a

[Al_Dente]

According to McElligott, his gamma folks were ALL IN PLUS MARGINED, as posted in the past week(weeks)
According to Pasta, they all have to be scrambling to sell/deleverage
According to MS, there is up to $10BN in notional selling pressure today  from "systematic and price reactive traders", this liquidation amount could soar to $60BN which would "generate a self-fulfilling downward move ..." if the S&P closes below 3,235 ...
The silver lining: some of this supply should be offset by pension demand ...that number is $7BN to buy over the next two weeks. Yet even so, while this demand is an "offset", MS warns that "it should come through more slowly than the supply."
chart only:
https://www.zerohedge.com/s3/files/inli ... k=nkAsur8l

[Heck]

AAPL Target - 17 %
From 304.18 to 252.28
- 1.03 % Dividend

[Al_Dente]

VIX is 23.59
Last time it was that high was last August

[JFR]

ES 5. Back down to the bottom. Time to get away from this keyboard.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[Trades with cats]

Bar Charts is the best I have done for showing current open options positions on the index'es and the futures. But they don't show everything, just chuncks by type, 3 month options, monthly, weekly Monday expiration and Wednesday expiration.

[Heck]

SPY Target + 26 %
From 322.34 to 405.79
+ 1.74 % Dividend

[Cobra]

Testing day low, wait to see if a rebound here first. 50% chances.

[Al_Dente]

AAPL Target - 17 %
From 304.18 to 252.28
- 1.03 % Dividend

wow boss, that's the first time in a while that you've posted a DOWN target based on PnF
thanks
things have changed

[Heck]

AAPL Target - 17 %
From 304.18 to 252.28
- 1.03 % Dividend

wow boss, that's the first time in a while that you've posted a DOWN target based on PnF
thanks
things have changed

Thanks for noticing AD
For AAPL at least
QQQ and SPY still UP

[Heck]

If we liked SPY at 339.08 ATH

We may like it more at 322.17 edit

[Al_Dente]

The short side of the internals, at the moment
SHORTS
DNV/UPV might be 6x favoring bears, but the chart is broken because it’s stockcharts
DEC/ADV is 7x favoring bears
VIX, 1/spy and 1/fang are all bear-spy at the moment
5min

[Trades with cats]

Appl this weekend analyst posted 3 scenarios for various delays on the new model roll out. Of course the longer the delay goes with reduced Chinese market sales.

[Al_Dente]

worst day for the dow in two years
CNBC