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08/01/2019 Live Update

Posted: Thu Aug 01, 2019 9:24 am
by Cobra
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no idea up or down from here. the chart looks missing a revisit of the yesterday's low. that said, we've seen so many times that bears in many cases were just one legged...

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 9:27 am
by Cobra

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 9:50 am
by BullBear52x
Going forward, yesterday's low is key for short term trend. more than 50% of SPX stocks under 20 DMA. If bulls miss-step it will be ugly fast.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:00 am
by BullBear52x
Range bound, waiting for new sell setup. no buy for me.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:03 am
by BullBear52x
selling now.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:04 am
by Cobra

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:05 am
by BullBear52x
Cash SPX Fib, wishful thinking, I am on the south bound train.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:21 am
by Cobra
resistance, here's the bear's last chance for today. my guess, just a guess, bears have no chance today, although officially to me it's a range day unless bulls can break above the yesterday's high which to me would be too late to long.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:28 am
by te_fern
Steady freddy now.....

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:32 am
by BullBear52x
Well, bulls need to do more to surprise me.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:36 am
by Al_Dente
...

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:37 am
by ccash04
Feels like its topping out, would like today to switch hard to sell.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:43 am
by te_fern
Still in the up channel, waiting to see if it will fall out....

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:48 am
by BullBear52x
40 handles bounce. this is big cat. I am still on the wrong side just average out to get even that's all for now. :cry:

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:54 am
by Al_Dente
Rate cut, albeit not a consensus, plus QT to end soon.
That is dovish.
Yesterday, Steve Liesman suggested that Powell thinks he’s a better communicator than he really is.
There was no need for that market volatility yesterday. Powell said shit, then had to walk it back.
Folks just want the Dove and the punchbowl.
The algos control the big ETFs (?), and they went nuts, but the Fed’s owners (banks) remained “relatively” stable.
Banks, YTD, %, daily
81banks.png.png

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 10:59 am
by BullBear52x
no strength on this dead cat bounce, NONE!

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 11:05 am
by BullBear52x
5 min. is now entering first sell the rip zone. let see how the bulls will handle this sell level.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 11:20 am
by Cobra
maybe a pullback here first which likely would be bought later.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 11:23 am
by BullBear52x
I was over confidence with first sell ( no stop) thinking It will pull back enough to get out and wait for new setup. well, so far my score is 3-0. the black arrow is my recovery point if two of those level hit, I will walk out as a winning bear today, if not, well...losing my shirt today. will see.

Re: 08/01/2019 Live Update

Posted: Thu Aug 01, 2019 11:28 am
by ccash04
Bond world flashing some giant warning flags. High yield looks good for risk but treasuries are telling a different story.