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10/19/2021 Live Update

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Cobra
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10/19/2021 Live Update

Post by Cobra »

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This bull shall have legs.

Gap up above the yesterday's high so likely it'd be a trend day either up or down.
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JFR
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Re: 10/19/2021 Live Update

Post by JFR »

SPY 15. Up over yesterday's close. Pbar like a hopeful tracer bullet, in my view.

2021-10-19_06-03-07.png
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BullBear52x
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Re: 10/19/2021 Live Update

Post by BullBear52x »

This is why I can not stay bullish.
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Cobra
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Re: 10/19/2021 Live Update

Post by Cobra »


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Cobra
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Re: 10/19/2021 Live Update

Post by Cobra »

It's a morning hourly filled black bar.
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

At the moment options traders are buying calls.
58% of the stocks on the NYSE are advancing
Slide your eyeballs to the left and note that on 14 Oct, when the dow closed up +534 points, there were roughly 80+% of stocks on the NYSE advancing … vs today at the moment the dow is up roughly +120 points
1019five.png.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: 10/19/2021 Live Update

Post by Cobra »

Breakout to the new day high from here in the next, say 5 to 7 bars then it's an uptrend day.
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

add: 80-90% advancing issues on the NY appears to be a bit extreme intraday, and SPX usually needs a pullback thereafter
If/when you see 80-90% advancing again, the dow would likely be up near +500-ish points again, and would be nearing a pullback again
5min
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: 10/19/2021 Live Update

Post by BullBear52x »

Common Bears counter trend setup intraday. :ugeek:
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BullBear52x
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Re: 10/19/2021 Live Update

Post by BullBear52x »

Daily overbought, only FOMO and YOLO bulls will buy it here. :lol:
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

add: conversely, if/when just 20% of issues are advancing on the NY, that’s a bit extreme and a SPX bounce is likely forthcoming
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

options traders, 15min
1019vix.png.jpg
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BullBear52x
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Re: 10/19/2021 Live Update

Post by BullBear52x »

I will play this setup. sell the top wedge.

To the infinity and beyond.........
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

Tech stocks (black) are currently in the lead
1019tech.png.jpg
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BullBear52x
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Re: 10/19/2021 Live Update

Post by BullBear52x »

The power that be sees the problem, all it takes just another gap to move pass last Obstacle. Gap fest #6
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Mr. BachNut
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Re: 10/19/2021 Live Update

Post by Mr. BachNut »

Something a little different today...

VIX is now at 15.85.
This year, that has been a level where all forward SPX gains get given up eventually.
Perhaps this time will be different, but looking for a high in the next week or two is fair game.

Tomorrow morning is this months VIX futures expiration.

We have a negative NYMO divergence at the moment.

I am long some SPX.
My short runner position turned into a stumbling walker and was closed yesterday for a small profit and then reversed.
Trade is sized small given the vix situation noted above.
I have scaled out one profit unit. If price cooperates, I will get a second scale and slap a breakeven stop on the position.
This is not a trade I like...
VIX 101921.jpg
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BullBear52x
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Re: 10/19/2021 Live Update

Post by BullBear52x »

Another possible counter trend setup. come2papa. simply a 1-2-3 setup. will it comes this time? :twisted:
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Cobra
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Re: 10/19/2021 Live Update

Post by Cobra »

Consolidation, bias is up.
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

“There is no breakdown until there is a breakdown… and not a moment before...”
[paraphrasing Al Brooks]
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Al_Dente
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Re: 10/19/2021 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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