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05/21/2021 Live Update

Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 12:21 pm


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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 12:23 pm

Some supports here but so far the rebound is weak, maybe the pullback isn't over yet.
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Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 12:23 pm

Al_Dente wrote:gap filled ? YES
can it hold ? NO
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Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 12:24 pm

It's Friday, last trading day for me in weeks. I'll be back next month.

Today Friday action, quick in and quick out, or take half profit and let the rest runs with break even stop. (that's how I do it) Peace!
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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 1:08 pm

Looks like a strong rebound so might touch the EMA20 this time from where we'll see whether bears are over.
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Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 1:27 pm

dead cat
but the call buyers think bulls may have a chance
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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 1:37 pm

Strong rebound, maybe the low was in for today. Sometimes there's a higher low revisit though.
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Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 1:43 pm

"This rise in put volume - both buying and selling - has pushed the Equity Put/Call Ratio to one of its highest levels of the past year, even though losses on stocks have been minor. Our De-Trended version of the ratio shows that a shorter-term moving average is more than 20% higher than a long-term moving average. This has preceded a very favorable annualized return since 1997."
https://sentimentrader.com/blog/when-op ... turned-50/
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Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 2:00 pm

Shrug shoulders … kind of disheartening for the bulls … SPY has been hovering around the zero-red line for 20 days (best she could do is +2% and down -2%), while the financials (red) have been performing much better. Hence we have to say that the financials are leading the market

521key.png.jpg
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Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 2:05 pm

[re financials leading, just FYI]
FAS is the 3x monster-face-ripper and has 1.5 million shares traded so far today, while XLF is 1x so it is “slower” and has 21million shares so far today. XLF is boring and slow the way 1x-ers are meant to be.
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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 2:43 pm

So we had the revisit, now might be a rebound here, let's see whether it confirms the higher low.
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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 2:57 pm

We might had the higher low. Friday close has been strong as bears are so afraid to hold positions over the weekend. Let's see whether today is the same or not.
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Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 3:06 pm

Cobra wrote:We might had the higher low. Friday close has been strong as bears are so afraid to hold positions over the weekend. Let's see whether today is the same or not.

This bear just kick back with half lot all the way to the last minute, now it's bulls who will hold or not. LOL. weak closed will be a give away tell for Monday. I will post one chart before I hit the road.
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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 3:29 pm


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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 3:51 pm


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Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 3:52 pm

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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

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Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 3:58 pm

Two days in a row with negative price action. Bearish next day. day trade out look.
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Longer term, Wave 5 (Broadening top) ABC is not complete, LL for C to satisfy TA conditions. down Monday is to be expected. well, TA only account for 20% of what is going on in stock market for that, this is just for entertainment ONLY. good luck next week. Peace!
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