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05/27/2021 Live Update

05/27/2021 Live Update

Postby Cobra » Thu May 27, 2021 8:55 am

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It's descending triangle breakout on the upside, maybe failed.

Small gap up so probably just a range day. Today and tomorrow suppose to be very very boring before the holiday.
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 9:19 am

SPY 15. Up a bit over last day close. Is the market going to be active? Maybe.


2021-05-27_06-18-23.png
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 9:22 am

ES daily. Forming a base. Sideways action so far.


2021-05-27_06-21-04.png
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 9:32 am

Dow 30. More green than red. Frequent leader/laggard BA leading again.


2021-05-27_06-31-40.png
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 9:42 am

SPY 5. Showing a lot of strength so far.


2021-05-27_06-42-09.png
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 9:54 am

SPY 5. Trading range. Looking for a breakout.


2021-05-27_06-53-12.png
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Re: 05/27/2021 Live Update

Postby Cobra » Thu May 27, 2021 10:01 am


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Re: 05/27/2021 Live Update

Postby Cobra » Thu May 27, 2021 10:03 am

It's a morning hourly filled black.
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 10:18 am

After 6 days of indecision FCX copper prints a bit of a bullish-island gap
but it must hold until the close, else void
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 10:20 am

Alternatives. DBC up. IAU down. IYR flat. SPYG chop. SPYV up and then flat. TLT down, then flat. USO schizo. UUP schizo.

Taking a break.


2021-05-27_07-19-45.png
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 10:27 am

When this VIX spread gets way up here… there is often a SPY pullback of a day/few days
Over the last 7 months: 75% success rate (25% fail rate)
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 10:30 am

JFR wrote:... USO schizo.

USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 10:36 am

Al_Dente wrote:
JFR wrote:... USO schizo.

USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)

[add: the only MSM that really "drilled down" on the oil news last night was Maddow (she has the #1 rated cable news show, regardless of what you may hear to the contrary.....]
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 10:37 am

Al_Dente wrote:
JFR wrote:... USO schizo.

USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)


Yeah. I read a lot of news, but did not read that. And of course there it is in the chart.

From marketpulse ...


2021-05-27_07-40-55.png


Later.
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 10:51 am

what the hell was that ?
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Re: 05/27/2021 Live Update

Postby JFR » Thu May 27, 2021 10:53 am

Al_Dente wrote:what the hell was that ?


I never even got away from my keyboard. But I had no setups form on stocks this am, so I will take my break.
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 10:56 am

JFR wrote:
Al_Dente wrote:what the hell was that ?


I never even got away from my keyboard. But I had no setups form on stocks this am, so I will take my break.

:D :D
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Re: 05/27/2021 Live Update

Postby Cobra » Thu May 27, 2021 11:06 am

Maybe we had the range high, now seeking range low. The blue below is the very first possible place because it's tested twice and held.
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 11:12 am

Love her or hate her, she had the “deepest” coverage of oil last night.
Please try to see this with your NON POLITICAL glasses on.
This is the biggest oil news in decades.
https://www.youtube.com/watch?v=UHdnCnvYJeo
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Re: 05/27/2021 Live Update

Postby Al_Dente » Thu May 27, 2021 11:24 am

note new ETF
symbol is FOMO !!!
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