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08/26/2020 Live Update

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Mr. BachNut
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Re: 08/26/2020 Live Update

Post by Mr. BachNut »

Quick update...

The NYMO cycle remains down and weak.
There is a low a few days ago, and a bounce up to test the zero line would be normal.

Price is divergent to NYMO at ATHs. However, price rules over NYMO.
The usual big cap suspects appear to be in charge.
People must be looking forward to Powell's speech tomorrow.

We are now up to 14 open down gaps (Yeesh!).
That is a lot of empty space without orderly trade to buffer a decline.

I am long a little SPX with one scale out taken and short some R2K. Go figure.
It is interesting that the R2K position has gone nowhere while the SPX climbs.
I am bracing for a rotation out of SPX into R2K to stop me out, but truth is I don't know what will happen.
Powell's speech tomorrow may change everything... or not.
NYMO 082620.jpg
Heck
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Re: 08/26/2020 Live Update

Post by Heck »

1996 Irrational Exuberance

Continues
Last edited by Heck on Wed Aug 26, 2020 2:00 pm, edited 1 time in total.
Heck
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Re: 08/26/2020 Live Update

Post by Heck »

Last edited by Heck on Wed Aug 26, 2020 2:05 pm, edited 1 time in total.
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BullBear52x
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Re: 08/26/2020 Live Update

Post by BullBear52x »

They are out to get me. all internals intraday are leaning bearish, yet for two days SPX continues up, well, I am not buying this, try again tomorrow. now we hit upper BB and RSI 5 >90 on Daily. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 08/26/2020 Live Update

Post by BullBear52x »

Never see anything like this ever. I hope no gap down tomorrow. I will get up early tomorrow.
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Al_Dente
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Re: 08/26/2020 Live Update

Post by Al_Dente »

Hard to pull a signal off the long term 1/VIX and its divergences and breaks
But the red boxes and red vertical lines are the sell-SPX signals
And the last red box on the far right indicates where the next sell signal will be (not yet)
Signals on "lookbacks" are in retrospect and make it look easy; it isn't.
Daily
826vix.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Heck
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Re: 08/26/2020 Live Update

Post by Heck »

Delivery Drives Precious
https://tinyurl.com/y2y75ed6

SLVP Target + 174 %
From 15.75 to 43.07
+ 1.4 % Dividend Yield
0.39 % Expense Ratio
+ 57 % Past Year

Fact Sheet
https://tinyurl.com/y2az6ckc

Joseph Patrick Kennedy sold stocks and bought silver in 1929

https://tinyurl.com/y2brs7zj
Last edited by Heck on Wed Aug 26, 2020 2:42 pm, edited 1 time in total.
Heck
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Re: 08/26/2020 Live Update

Post by Heck »

BullBear52x wrote:They are out to get me. all internals intraday are leaning bearish, yet for two days SPX continues up, well, I am not buying this, try again tomorrow. now we hit upper BB and RSI 5 >90 on Daily. Peace!
Aldous Huxley's wife Laura wrote a book
You Are Not The Target

She thrived 96 years
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Cobra
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Re: 08/26/2020 Live Update

Post by Cobra »

The very first test of EMA20 in 2+ hours usually is buy, watch for long setup.
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Al_Dente
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Re: 08/26/2020 Live Update

Post by Al_Dente »

what the market expects from jackson hole tomorrow
https://www.cnbc.com/2020/08/24/powell- ... ation.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
kongen
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Re: 08/26/2020 Live Update

Post by kongen »

Donald J. Trump@realDonaldTrump
We will NOT stand for looting, arson, violence, and lawlessness on American streets.

Does this mean that The Donald will send his Storm Troopers into the West Wing of the White House, where pickings are rich?
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Cobra
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Re: 08/26/2020 Live Update

Post by Cobra »

IN THEORY 3 tech reason to buy $GLD here
viewtopic.php?f=2&t=4175&p=286444#p286444

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Al_Dente
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Re: 08/26/2020 Live Update

Post by Al_Dente »

Davos cancelled/postponed as it would be gauche to be photographed dining on caviar and Foie gras during the pandemic
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Cobra
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Re: 08/26/2020 Live Update

Post by Cobra »


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te_fern
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Re: 08/26/2020 Live Update

Post by te_fern »

Well, I just sold the last of my IRA equity position, which was long the SPX. I'm with BB52 and the rest of the board, this is crazy. Had this position before the March crash, so I'm thankful that I got all of it back and then some...
This is not investment or trade advice.
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Cobra
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Re: 08/26/2020 Live Update

Post by Cobra »


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Cobra
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Re: 08/26/2020 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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

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