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05/22/2020 Live Update

Re: 05/22/2020 Live Update

Postby jademann » Fri May 22, 2020 10:15 am

Rule No. 3452: never short a dull market. Rule No. 234 VIX backwardation, especially over a 3 day weekend, is good for bulls.
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 10:16 am

SPY 5. Pushing down beneath the pivot.


2020-05-22_0715.png
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 10:20 am

wishful thinking.
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 10:27 am

Dow leaders, such as they are.


2020-05-22_0726.png
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 10:30 am

ES 5. The market does not know what to do.


2020-05-22_0730.png
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 10:32 am

Got stop out, now you see first 5 handles is a must to take off the table, bulls will not give in today. wait for new buy setup if it will.
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Re: 05/22/2020 Live Update

Postby Cobra » Fri May 22, 2020 10:33 am

Double bottom 60% chances.
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 10:37 am

''Fred Astaire and Ginger Rogers - Let's Call The Whole Thing Off''

https://www.youtube.com/watch?v=LOILZ_D3aRg

Taking a break. Back later ...


2020-05-22_0736.png
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 10:41 am

ES resistance it will probably push higher for now it is a wait and see.
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 10:45 am

my internals charts say no buy. so I am back selling again, stops above 41.
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Re: 05/22/2020 Live Update

Postby Heck » Fri May 22, 2020 10:48 am

All Three ISEE Option Sentiment Indices = DOWN DOWN DOWN
Treasury Yields Red = DOWN
$TRIN > 1 = DOWN

QQQ SELLING < 229.42
$SPX SELLING < 2,948.25
SPY SELLING < 294.85

Falling Friday Rarity
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 10:50 am

betting on down channel, with tight stops.
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 11:00 am

same playbook, half off the table boss. :mrgreen: :mrgreen:
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 11:01 am

new LL, I will shoot for overnight low. :twisted:
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 11:11 am

The blue represent futures ES, now that they are aligned they can move together up or down intraday. projection is down to test overnight low. will see.
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Re: 05/22/2020 Live Update

Postby jademann » Fri May 22, 2020 11:19 am

VXX lower high.
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 11:23 am

Today is second day on a daily LL, bearish, Tuesday market can be up but this is early sign of weakness. look at selling pressure from TRIN.
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Re: 05/22/2020 Live Update

Postby ccash04 » Fri May 22, 2020 11:27 am

Let's see 2,910! :evil:
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Re: 05/22/2020 Live Update

Postby jademann » Fri May 22, 2020 11:29 am

what a dull day
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Re: 05/22/2020 Live Update

Postby Al_Dente » Fri May 22, 2020 11:33 am

5/21 According to the top performing investment newsletters tracked by Hulbert,
these four stocks are tied for being the most recommended right now by those newsletters:
DIS
FDX
IBM
JPM
Hulbert says: “Notice the absence of any of the so-called FAANG stocks that have been leading the market in recent weeks.”
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