02/25/2020 Live Update

[Daniel]

First test of ema20 in almost 2 hours so watch for ema short setup....

So far the 5min ema20 has contained price, SPY hitting a fresh LOD as of 1pm. QQQ however has yet to make a new low.
IWM continues its underperformance.

[Al_Dente]

I just see lower lows here, except GDX (not shown), and even that one is acting like a bitch today
15min

[Al_Dente]

Kudlow is up next on cnbc

[ocassional observer]

Cobra, or anyone else, do you know if there is any edges to market going down big but TRIN<1?

[Heck]

If anyone likes to take cruises, Carnival gives you a credit (I think $250) on your ship account if you own 100 shares. Just brought a 100 at 36.50. NTA

For a couple drink package is $860.00 they need to do more, free drinks at least Hahaha

Do they serve Corona ?

Of course and if you drink enough they'll keep you on the ship an extra 2 weeks!! LOL!

[te_fern]

Another crash channel....

[Heck]

Larry Kudlow says US contained coronavirus
Economy holding up nicely

While the outbreak is a “human tragedy,” it will likely not be an “economic tragedy”

"No supply disruptions out there”

Pandemic Bonds Due July 2020
https://www.armstrongeconomics.com/inte ... rivatives/

[te_fern]

Coolbiz update...

ES long trade got small profit stopped. Will look at it again for relong, its a fear driven market, may go lower first (can never be sure about the level it rebounds from, need to wait for it to play out.) use STOPS, or profit stops on longs.

[Cobra]

Cobra, or anyone else, do you know if there is any edges to market going down big but TRIN<1?

I'll forget trin.

[Cobra]

Another 2 hours without touching the EMA20 so this bear shall still have legs. Now we have a mini target (pink area), need exceed it before bulls could have chances.

[Al_Dente]

FWIW
ALL NUMBERS APPROXIMATE; your numbers may vary
SPX is down about -7% peak to today

By comparison, these were the pullbacks in 2019:
May 2019 pullback was -7.6%
August 2019 pullback was -6.8%
October 2019 pullback was -5.5%

[ccash04]

More nibble, using risk reversals (short put/long calls). Like selling Vix here, small positions for risk management.

[Heck]

GE Target + 100 %
From 11.27 to 22.5
+ 0.35 % Dividend

321.2 % Debt to Equity

[Cobra]

Panic sell, so could be a rebound here soon if not now. The rebound likely would be sold though.

[Al_Dente]

FWIW
ALL NUMBERS APPROXIMATE; your numbers may vary
SPX is down about -7% peak to today [REVISED -7.75%]

By comparison, these were the pullbacks in 2019:
May 2019 pullback was -7.6%
August 2019 pullback was -6.8%
October 2019 pullback was -5.5%

[Al_Dente]

SPX has erased all its gains back to December
FANG+ has not … FANG+ is only back to its early February level (see orange circles)
What can I say …. that’s bullish ?????
60min

[Daniel]

Interesting factoid from R.Hanna/Q.Edges:
"SPX is down about 2.65% as I type. It has not closed down > 2.5% on back to back days, while above the 200-day ma, since 1938."

[Al_Dente]

Interesting factoid from R.Hanna/Q.Edges:
"SPX is down about 2.65% as I type. It has not closed down > 2.5% on back to back days, while above the 200-day ma, since 1938."

WOW thanks

[Cobra]

Another test of EMA20 in 2+ hours, watch for ema short setup. I'm not sure this time though. Downtrend day rebound could be unbelievably strong and it can happen anytime.

[Al_Dente]

HAPPY HOUR