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01/20/2022 Live Update

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Al_Dente
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Re: 01/20/2022 Live Update

Post by Al_Dente »

1/19 Ned Davis Research strategists trimmed the weighting of domestic stocks in their recommended portfolio and cut U.S equities to neutral.
1/19 Larry McDonald recently noted (The Bear Traps Report), the Nasdaq is facing major downside risk as he warns "contagion is moving upstream."
The probability of a Nasdaq - large cap - equity crash, say a 20-30% drawdown is very high. We know most of the Nasdaq has already crashed, we recently noted - 1300 stocks are off 50% or more. The Fed is digging in - tech stocks will be for sale until the Fed softens its stance

EVERYONE APPEARS BEARISH GOING INTO THE BIG OPEX TOMORROW:
1/19 Nomura's Charlie McElligott: "I’D LIKE TO REPORT A MURDER" in delta and gamma"...and "QQQ is just a hot mess"
As the majors break below key technical levels, McElligott calls out S&P 4490 as crucial support.
1/19 As Goldman warned this week, facing a massive $3.3tln of options notional, including $1.3tln of single stock options, expiring on Friday.... Goldman's David Kostin who has been uber bullish throughout 2021 even though we learned yesterday [1/18] that the bank was quietly selling billions in stock positions for a third consecutive quarter...
1/19 Morgan Stanley's chief equity strategist, Michael Wilson, still bearish, year-end target for the S&P 500 is 4400
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 01/20/2022 Live Update

Post by JFR »

SPY 60 minutes. At a key level of support and resistance with Volume by Price.

Screenshot_20220120_085401.jpg
Charts posted are not recommendations. They are just a sharing of information.
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JFR
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Re: 01/20/2022 Live Update

Post by JFR »

Al_Dente wrote:1/19 Ned Davis Research strategists trimmed the weighting of domestic stocks in their recommended portfolio and cut U.S equities to neutral.
1/19 Larry McDonald recently noted (The Bear Traps Report), the Nasdaq is facing major downside risk as he warns "contagion is moving upstream."
The probability of a Nasdaq - large cap - equity crash, say a 20-30% drawdown is very high. We know most of the Nasdaq has already crashed, we recently noted - 1300 stocks are off 50% or more. The Fed is digging in - tech stocks will be for sale until the Fed softens its stance

EVERYONE APPEARS BEARISH GOING INTO THE BIG OPEX TOMORROW:
1/19 Nomura's Charlie McElligott: "I’D LIKE TO REPORT A MURDER" in delta and gamma"...and "QQQ is just a hot mess"
As the majors break below key technical levels, McElligott calls out S&P 4490 as crucial support.
1/19 As Goldman warned this week, facing a massive $3.3tln of options notional, including $1.3tln of single stock options, expiring on Friday.... Goldman's David Kostin who has been uber bullish throughout 2021 even though we learned yesterday [1/18] that the bank was quietly selling billions in stock positions for a third consecutive quarter...
1/19 Morgan Stanley's chief equity strategist, Michael Wilson, still bearish, year-end target for the S&P 500 is 4400
Thanks for that detailed report, Pasta Boss. Most of the finance news and opinions I get is on Cobra's site. As noted, it is mostly about the charts for me.
Last edited by JFR on Thu Jan 20, 2022 1:05 pm, edited 1 time in total.
Charts posted are not recommendations. They are just a sharing of information.
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Cobra
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Re: 01/20/2022 Live Update

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Trades w 2 Cats
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Re: 01/20/2022 Live Update

Post by Trades w 2 Cats »

Legendary Bob Farrell Rule 9
9. When all the experts and forecasts agree -- something else is going to happen :lol: :)
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Al_Dente
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Re: 01/20/2022 Live Update

Post by Al_Dente »

JFR wrote:
Al_Dente wrote:...bla bla bla....
Thanks for that detailed report, Pasta Boss. Most of the finance news and opinions I get is on Cobra's site. As noted, it is mostly about the charts for me.
:D
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: 01/20/2022 Live Update

Post by Al_Dente »

Keep an eye on VIX daily bolinger AT THE CLOSE
If it can CLOSE below that upper bolinger, it triggers the famous buy-SPY signal
(roughly 20% failure rate)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 01/20/2022 Live Update

Post by BullBear52x »

bulls need to hold on to the morning high, or messy day into a close.
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BullBear52x
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Re: 01/20/2022 Live Update

Post by BullBear52x »

Swing setup is in sell the rip state, HH from here i will see it as a positive reversal. so, no new HH today the sell is still good. no failure until then...
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Cobra
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Re: 01/20/2022 Live Update

Post by Cobra »

Lower high so the high was in for today?
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brokebybernacke2
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Re: 01/20/2022 Live Update

Post by brokebybernacke2 »

interesting times these days. not sure market has fully priced in Fed's plan, that takes time....as well as endemic restructuring.
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Cobra
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Re: 01/20/2022 Live Update

Post by Cobra »

Consolidation, bias is down.
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BullBear52x
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Re: 01/20/2022 Live Update

Post by BullBear52x »

Well, looks like 50% Fib is a good support, no man's land until breakout either side. 61.8% or 38.2%, for now just having a popcorn.
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BullBear52x
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Re: 01/20/2022 Live Update

Post by BullBear52x »

Messy mid range, in any case, this is walk the dog time. LOL
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Al_Dente
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Re: 01/20/2022 Live Update

Post by Al_Dente »

Short squeeze coming ???
McElligott changes his tune:
"I am beginning to think that despite the volatility into / around Op-Ex 'Gamma unclench' and as we continue to see liquidation-type de-risking in futures, that there is very much a potential path for a counter-trend rally in Equities in the coming-days."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
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Re: 01/20/2022 Live Update

Post by Trades w 2 Cats »

Pasta Boss you make me roll around on floor laughing! A short squeeze! The very idea! Ha Ha Ha.

Seriously though isn't that SOP for the hedge funds given the set up? Again my bet is on FOMC mostly because Powell doesn't want to tank the market and you know the Boyz at the New York banks have lunch with that crowd so they have a really good idea of what those minutes will look like AND the Gamma clench will have moved and greatly diminished.
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BullBear52x
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Re: 01/20/2022 Live Update

Post by BullBear52x »

Raise interest rate and tank the market or Hyperinflation. pick one. :lol:
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jademann
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Re: 01/20/2022 Live Update

Post by jademann »

Been accumulating TZA for a while.. Bingo!
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jademann
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Re: 01/20/2022 Live Update

Post by jademann »

Been accumulating TZA for a while.. Bingo!
Waiting for at least VIX=35
My comments were dictated to me by homie the clown
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BullBear52x
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Re: 01/20/2022 Live Update

Post by BullBear52x »

Overnight low. key time, bounce or no bounce?
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