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06/29/2020 Live Update

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Cobra
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06/29/2020 Live Update

Post by Cobra »

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No idea up or down from here. Possible range day.
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Cobra
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Re: 06/29/2020 Live Update

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Cobra
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Re: 06/29/2020 Live Update

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Cobra
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Re: 06/29/2020 Live Update

Post by Cobra »

It's a morning hourly filled black bar
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MrMiyagi
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Post by MrMiyagi »

Cobra wrote:It's a morning hourly filled black bar
Black Bars Matter...?
Heck
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Re: 06/29/2020 Live Update

Post by Heck »

Black bears matter
So do
2.0046 $TRIN
CNN Sentiment Falling from 49 Neutral to 0 Extreme Fear
ISEE DOWN


SP.1 Sep Futs SELLING < 3,040 edit
Last edited by Heck on Mon Jun 29, 2020 1:59 pm, edited 4 times in total.
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Cobra
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Re: 06/29/2020 Live Update

Post by Cobra »

If break above the day high in the next couple of bars then it could be an uptrend day but since it'd be within the last Friday's range anyway so I'll treat it as a range day therefore would buy dip only.
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Al_Dente
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Re: 06/29/2020 Live Update

Post by Al_Dente »

Today and tomorrow are the last days for quarterly rebalancing.
[Last week JPM estimated there would be $170 BLN in rebalance selling].
629rebal.png
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: 06/29/2020 Live Update

Post by Al_Dente »

Box target met
5min
629box.png
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Cobra
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Re: 06/29/2020 Live Update

Post by Cobra »

Testing day high, so far it's just a range day, not "an uptrend day but by my definition a range day".
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Cobra
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Re: 06/29/2020 Live Update

Post by Cobra »

Breakout should be more likely in stead of a double top.
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Cobra
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Re: 06/29/2020 Live Update

Post by Cobra »


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te_fern
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Re: 06/29/2020 Live Update

Post by te_fern »

Will this be a bull trap??
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te_fern
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Re: 06/29/2020 Live Update

Post by te_fern »

Will probably back test the breakout and then we'll see!
This is not investment or trade advice.
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JFR
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Re: 06/29/2020 Live Update

Post by JFR »

ES daily. Another narrow range. Getting squeezed by the EMA 20 and a trendline.

2020-06-29_1004.png
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JFR
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Re: 06/29/2020 Live Update

Post by JFR »

ES 5. At the open, it dipped down beneath the 3000 level. Now it is stuck beneath pivot S2. Riding the EMA 20.

2020-06-29_1005.png
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Al_Dente
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Re: 06/29/2020 Live Update

Post by Al_Dente »

'The Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate debt. Apple, Verizon, AT&T, Toyota, Volkswagen and Daimler accounted for 10% of debt the Fed is supporting.' [WSJ]
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Al_Dente
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Re: 06/29/2020 Live Update

Post by Al_Dente »

"The central bank can support the fiscal side, which is what they have been doing. But directly putting the money into consumers’ pockets will be a lot more helpful. As opposed to whether the Fed buys $10 billion or $100 billion of corporate bonds." [Bloomberg]
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JFR
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Re: 06/29/2020 Live Update

Post by JFR »

Dow 30. A sea of green. Led by the usual suspects BA and Dow Holdings, with RTX in the mix. CSCO all alone in the red.

2020-06-29_1009.png
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JFR
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Re: 06/29/2020 Live Update

Post by JFR »

Some different asset classes. GLD flat on the day. IYR, SPY, USO up. TLT down. UUP gap down, but now up a bit.

2020-06-29_1018.png
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