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Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 1:59 pm
by Daniel
Cobra wrote: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.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:07 pm
by Al_Dente
I just see lower lows here, except GDX (not shown), and even that one is acting like a bitch today
15min
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:12 pm
by Al_Dente
Kudlow is up next on cnbc
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:20 pm
by ocassional observer
Cobra, or anyone else, do you know if there is any edges to market going down big but TRIN<1?
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:24 pm
by Heck
te_fern wrote:Heck wrote:BullBear52x wrote:te_fern wrote: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!
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:31 pm
by te_fern
Another crash channel....
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:38 pm
by 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/
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:38 pm
by 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.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:53 pm
by Cobra
ocassional observer wrote:Cobra, or anyone else, do you know if there is any edges to market going down big but TRIN<1?
I'll forget trin.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:58 pm
by 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.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 2:58 pm
by 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%
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:04 pm
by ccash04
More nibble, using risk reversals (short put/long calls). Like selling Vix here, small positions for risk management.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:06 pm
by Heck
GE Target + 100 %
From 11.27 to 22.5
+ 0.35 % Dividend
321.2 % Debt to Equity
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:06 pm
by Cobra
Panic sell, so could be a rebound here soon if not now. The rebound likely would be sold though.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:16 pm
by Al_Dente
Al_Dente wrote: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%
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:43 pm
by 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
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:46 pm
by 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."
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:53 pm
by Al_Dente
Daniel wrote: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
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 3:57 pm
by 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.
Re: 02/25/2020 Live Update
Posted: Tue Feb 25, 2020 4:00 pm
by Al_Dente
HAPPY HOUR