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10/19/2021 Live Update

Re: 10/19/2021 Live Update

Postby Al_Dente » Tue Oct 19, 2021 12:01 pm

Al_Dente wrote:58% of the stocks on the NYSE are advancing

UPDATE intraday:
63% of the stocks on the NYSE are advancing
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Re: 10/19/2021 Live Update

Postby Cobra » Tue Oct 19, 2021 12:18 pm


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Re: 10/19/2021 Live Update

Postby BullBear52x » Tue Oct 19, 2021 12:36 pm

Look at then and now, gaps, lots of them then too.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 10/19/2021 Live Update

Postby Al_Dente » Tue Oct 19, 2021 12:47 pm

LONGER TERM:
The S&P 500 never showed a loss a year after industrial metals doubled.
Small sample size
https://www.sentimentrader.com/blog/sto ... 1366687428
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Re: 10/19/2021 Live Update

Postby Al_Dente » Tue Oct 19, 2021 12:57 pm

zh calls Monday’s SEC report on meme stock trading and short squeezing a “steaming pile of horseshit.“
https://www.zerohedge.com/markets/what- ... to+zero%29
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Re: 10/19/2021 Live Update

Postby Al_Dente » Tue Oct 19, 2021 1:04 pm

UPDATE:
Note URA testing potential double top
Okay, let’s blame day traders !! :roll: :roll:
“Day Traders Are Driving Uranium Prices Higher” [WSJ, 12:55 today]
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Re: 10/19/2021 Live Update

Postby Al_Dente » Tue Oct 19, 2021 1:08 pm

Note BITO, the "long awaited" Bitcoin ETF
IPOed yesterday [correction: today]
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Re: 10/19/2021 Live Update

Postby JFR » Tue Oct 19, 2021 2:32 pm

SPY daily. "To the Moon, Alice." Last rest stop before the Moon coming up at 452.60. ;)


2021-10-19_11-29-28.png
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Re: 10/19/2021 Live Update

Postby Al_Dente » Tue Oct 19, 2021 2:33 pm

Today is the 34th anniversary of the 1987 crash
1987: one thing that worked then, getting folks out a couple days early was the CCI-89
1987.png.jpg


Compare now:
1987NOW.png.jpg
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Re: 10/19/2021 Live Update

Postby Cobra » Tue Oct 19, 2021 2:36 pm

Volume surge, widest red bar so should be a rebound here first then we'll see. This kind of pullback should not happen in an uptrend day so not good, I think maybe the high was in for today.
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Re: 10/19/2021 Live Update

Postby Cobra » Tue Oct 19, 2021 3:35 pm


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Re: 10/19/2021 Live Update

Postby Mr. BachNut » Tue Oct 19, 2021 3:37 pm

Mr. BachNut wrote:I have scaled out one profit unit. If price cooperates, I will get a second scale and slap a breakeven stop on the position.


Second profit unit sold at ES 4510.50. :)
BE Stop for rest at 4470.50.
I suspect that stop will get hit in due course, but I don't know what will happen.
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Re: 10/19/2021 Live Update

Postby Cobra » Tue Oct 19, 2021 3:52 pm


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Re: 10/19/2021 Live Update

Postby Cobra » Tue Oct 19, 2021 3:53 pm

Well, guess that's it for today. Here's what Wednesday tomorrow looks lIke: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

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