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03/20/2020 Live Update

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Cobra
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03/20/2020 Live Update

Post by Cobra »

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No idea up or down from here.
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Cobra
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Re: 03/20/2020 Live Update

Post by Cobra »


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brucekeller
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Re: 03/20/2020 Live Update

Post by brucekeller »

I would think the lows were temporarily reached because of the Fed's PDCF starting last night, but it doesn't get full no-liquidity-requirements power until the 26th, so maybe another test of the low before then.
jademann
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Re: 03/20/2020 Live Update

Post by jademann »

SPY EX DIV today. UPRO will get 3x.
https://sixfigureinvesting.com/2010/01/ ... arch-2010/
My comments were dictated to me by homie the clown
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Al_Dente
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Re: 03/20/2020 Live Update

Post by Al_Dente »

existing home sales at 10:00
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 03/20/2020 Live Update

Post by Al_Dente »

The Senate GOP coronavirus bailout bill would cap executive pay at companies that receive taxpayer money [no executive at a company receiving money may make more than $425,000 in total annual compensation for two years, retroactive to March 1], while also allowing the government to take ownership stakes. The Senate Republican plan for relief to Americans includes $1,200 cash payments to individuals that would start to phase out at $75,000 in adjusted gross income.
Democrats are pushing for more restrictions, including the prohibition of stock buybacks by the companies receiving the money.
Now they negotiate the terms of the final bill.
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: 03/20/2020 Live Update

Post by BullBear52x »

No support here bulls are doomed today.
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1.PNG
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jademann
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Re: 03/20/2020 Live Update

Post by jademann »

Last edited by jademann on Fri Mar 20, 2020 9:52 am, edited 1 time in total.
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JFR
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Re: 03/20/2020 Live Update

Post by JFR »

ES daily. Just above a support level. Well beneath the EMA 20.

2020-03-20_0648.png
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JFR
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Re: 03/20/2020 Live Update

Post by JFR »

ES 5. Move up through the EMA 20 to the trendline.

2020-03-20_0651.png
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BullBear52x
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Re: 03/20/2020 Live Update

Post by BullBear52x »

Inside day, need an upside breakout. yesterday closed never confirmed swing buy. bulls need lots of work to sleep well over the weekend.
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mattchessen
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Re: 03/20/2020 Live Update

Post by mattchessen »

brucekeller wrote:I would think the lows were temporarily reached because of the Fed's PDCF starting last night, but it doesn't get full no-liquidity-requirements power until the 26th, so maybe another test of the low before then.
Bruce- would you mind explaining this for us non-finance types? Thank you in advance!
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BullBear52x
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Re: 03/20/2020 Live Update

Post by BullBear52x »

25.5 is where bulls need to get out off, overnight trading is so classical trend S/R.
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Heck
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Re: 03/20/2020 Live Update

Post by Heck »

SPY BUYING > 233.12 Edit
Last edited by Heck on Fri Mar 20, 2020 2:44 pm, edited 2 times in total.
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Al_Dente
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Re: 03/20/2020 Live Update

Post by Al_Dente »

[Richard Breslow via Bloomberg]
The music always stops playing. Yet, we seem to assume the band is just on break.
It’s a brave trader who wants to initiate new positions of any size going into the weekend, but model-driven strategies will still be getting signals.
The moves today have made some important short-term charts show signs of trying to tempt traders to try to catch the proverbial falling knife.
Are you willing to assume that the bad news has already been priced in?
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: 03/20/2020 Live Update

Post by BullBear52x »

Al_Dente wrote:[Richard Breslow via Bloomberg]
The music always stops playing. Yet, we seem to assume the band is just on break.
It’s a brave trader who wants to initiate new positions of any size going into the weekend, but model-driven strategies will still be getting signals.
The moves today have made some important short-term charts show signs of trying to tempt traders to try to catch the proverbial falling knife.
Are you willing to assume that the bad news has already been priced in?

Chart discounts all news.
Last edited by BullBear52x on Fri Mar 20, 2020 10:08 am, edited 1 time in total.
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mattchessen
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Re: 03/20/2020 Live Update

Post by mattchessen »

BTW does anyone buy into this theory that due to quad witching there will be a huge decline in gamma, and therefore volatility, so option prices may plunge next week even if price is flat?
https://spotgamma.com/nomuras-pre-opex-market-view/
Zero Hedge and others have also discussed
https://www.zerohedge.com/markets/extra ... ons-expiry
jademann
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Re: 03/20/2020 Live Update

Post by jademann »

Chart discounts all news.
BB charts on Feb 1st had no inkling of what was about to unfold.
I had been short for two years and I had all but given up. All I knew was that the bull was very old.

I agree regarding short term charts though.
Last edited by jademann on Fri Mar 20, 2020 10:37 am, edited 2 times in total.
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te_fern
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Re: 03/20/2020 Live Update

Post by te_fern »

Watching this channel this morning...
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Al_Dente
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Re: 03/20/2020 Live Update

Post by Al_Dente »

BullBear52x wrote:
Al_Dente wrote:Are you willing to assume that the bad news has already been priced in?
Chart discounts all news.
THANKS BOSS :geek:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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