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08/11/2022 Live Update

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Cobra
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08/11/2022 Live Update

Post by Cobra »

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Bias is up?
ES60min.png

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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

ES daily. The start of a breakout, and a possible third leg, as Cobra suggested earlier.

Well above the EMA 20.

2022-08-11_05-08-53.png
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

ES 60 minutes. Big ups Wednesday. Finding some resistance now. In a base for a number of hours.

2022-08-11_05-13-40.png
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

ES 5 minutes. Lots of rocket fuel.

2022-08-11_05-18-23.png
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

In the news ...

Dis. Walt Disney Company. Headquarters in Burbank, California

https://www.marketwatch.com/articles/di ... od=markets
2022-08-11_05-33-19.png
We all know Disney.
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney as well as Aulani, a Disney resort and spa in Hawaii; licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; and provides consumer products, which include licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games. Further, it sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California. -- Yahoo Finance
2022-08-11_05-30-28.png
Good investment? Not for this trader. Just imo, others might like it. It has been on a trend up since mid-July.

Overvalued, with P/E at 77.52. There are other "fish in the sea."

It was much better value back in 2018, with P/E at 13.01 and ROE at 27.51%. Just in my opinion.
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

ES 5 minutes. Just before the bell. Pullback to the EMA 20, where it finds some support.

Back later ...

2022-08-11_06-28-17.png
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BullBear52x
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Re: 08/11/2022 Live Update

Post by BullBear52x »

Over 16% from the bottom this time, very over bought but no sign of reversal. not chasing for me. wait for dips.
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Cobra
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Re: 08/11/2022 Live Update

Post by Cobra »


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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

ES 5 minutes. Beautiful pullback. Which I missed while on a break, at the bell. Ha ha.

Good action today so far.

Is the market crazy? Kind of. So much money out there. So much wealth, along with the poverty (the poor do not give a rat's a** about the market). Gotta put it somewhere. So the bulls snap up "bargains," and anything else that takes their fancy. Plus there is the casino effect, as the markets are the biggest game out there, and even the lower income earners can take part now. Just imo.

Side note: A guy with a hot dog stand at the beach the other day asked me about bitcoin. I told him my opinion that it was garbage (based on a mathematical formula puzzle, using vast amounts of electricity). He agreed, but why did he ask about it? I think he had some interest in it. Kind of like not wanting to miss the bus, the opportunity.
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cletus
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Re: 08/11/2022 Live Update

Post by cletus »

Cletus Open:

1) Vix is up this morning and < 20. This is a warning sign (if we assume bear market conditions are valid).
2) bonds are down signaling that the smart money doesn’t totally buy the CPI flattening as a sustainable condition
3) some possibility we have to revisit the lows before the end of the year at 3,650 or somewhat above
cletus
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Re: 08/11/2022 Live Update

Post by cletus »

I’ve ridden up a number of investments since the lows and have taken profits on some. Part of my reasoning is more timing over taxes etc but I also believe the market is likely to pull back. Maybe not this week but soon. That ViX under 20 is the big red flag to me. Until proven wrong whenever the vix goes under 20 lately it’s time to walk away. If I see the vix print something under 15, well, the bull is officially back
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

GS. Goldman Sachs. Investment Services. Headquarters in New York City.

Low P/E at 8.03. Helluva rise up since mid-July. IMO a "value" pick, if taken at the right time, at the right price.

Not recommending. Just information.
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York. -- Yahoo Finance
2022-08-11_07-40-01.png
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Mr. BachNut
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Re: 08/11/2022 Live Update

Post by Mr. BachNut »

BachNut bonus chart...
A few observations on the SPX weekly.

We completed the tag of the two year moving average in May anticipated by the negative RSI divergence last year.
Like prior instances, the index went a ways below before recovering and closing above the average a few times.
The moving average has not flattened out, still upward sloped. It is bullish if this starts acting as support on dips.

We have now regained the 50 week exponential moving average.
In past bear markets, this was a good neighborhood for trapped longs to cash up.
See black triangles.
Bear market behavior would align with the index rolling over one to five weeks from now.
Price can still rise a bunch above the index before turning. The March high should not be broken if this a bear..
The market can do what it wants. I don't know what will happen. This just calls for paying attention over next few weeks.

We are in a fog zone. The index has risen far enough to grant the possibility that a bull is beginning but not so far to conclude the bear is done.
We are in line with historical big bear market rallies and can go higher before getting out of whack.
It's a good place to make fools of bulls and bears.

We are still in summer vacation and summer rally season. Even with yesterday's news, volume seemed light.
Perhaps around Labor Day we will see if people buy or sell when they get back to the office.

I remain long reduced runner positions in SPX and R2K.
Taking some chips off the table the other day, as anticipated, turned out to be a dumb idea that is leaking performance. :oops:
SPX 50XMA.jpg
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

ES 5 minutes. Finding some support after the pullback.

2022-08-11_07-53-07.png
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brokebybernacke2
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Re: 08/11/2022 Live Update

Post by brokebybernacke2 »

cletus wrote:Cletus Open:

1) Vix is up this morning and < 20. This is a warning sign (if we assume bear market conditions are valid).
2) bonds are down signaling that the smart money doesn’t totally buy the CPI flattening as a sustainable condition
3) some possibility we have to revisit the lows before the end of the year at 3,650 or somewhat above
whoa that was a 180
mvr113
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Re: 08/11/2022 Live Update

Post by mvr113 »

JFR wrote:ES 5 minutes. Finding some support after the pullback.

2022-08-11_07-53-07.png
Think, we have a pullback in the works.
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Al_Dente
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Re: 08/11/2022 Live Update

Post by Al_Dente »

According to momentum RSI-14, the last time we were this overbought was last November
Resistance at 200ma and resistance at the long-term down-trend channel, both are in the 430 zone
That would be a good spot for a pullback as the current angle of ascent is a bit steep
Screenshot 2022-08-11 075557.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 08/11/2022 Live Update

Post by Cobra »

The pullback probably will be bought. The EMA20 now is the very first possible place.
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BullBear52x
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Re: 08/11/2022 Live Update

Post by BullBear52x »

Buy until it fails. will see how this buy takes us.
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JFR
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Re: 08/11/2022 Live Update

Post by JFR »

mvr113 wrote:
JFR wrote:ES 5 minutes. Finding some support after the pullback.

The attachment 2022-08-11_07-53-07.png is no longer available
Think, we have a pullback in the works.
! Pullback

2 "Some support"

3 Resumption of the trend up. Nope. Testing support at 4232.

2022-08-11_08-13-03.png
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