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09/02/2020 Live Update

Heck
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Re: 09/02/2020 Live Update

Post by Heck »

VIX Backwardization = VIX UP, SPY DOWN
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

Q: why are we still buying puts?
A: protection
92puts.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

TSLA is the first of the Big Techs to breach its 5dma and its 10dma
92tsla.png.jpg
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

$AAPL might be a Bearish Engulfing at 52-Week high today, BUT ...
viewtopic.php?f=2&t=4190&p=286695#p286695

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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

NYFANGs
15m
92fangs.png.jpg
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

Heck wrote:III BULLS 61.5 % = SPY DOWN
$TYX Red = SPY DOWN
QQQ 33 % Above 200 DMA = SPY DOWN

https://tinyurl.com/y3x64myc

Used car prices surging
Not so good for new auto sales
BEARYA

https://tinyurl.com/y27z7rxj
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

Thanks Cobra :D
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

Just as I said, don't chase the high. Now testing the day low, let's see whether it holds. RSP (the equal weighted brother) looks strong today which means the down now is due to a few heavy weighted stocks so my guess is it won't be a downtrend day, rather it's a range day.
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »


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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

"Apple traded 2 million calls yesterday and they're at it again today." [Barcharts via Jesse Felder]
See the top two trades on Fidelity today at the moment .... stocks down, buying strong
https://eresearch.fidelity.com/eresearc ... ders.jhtml
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

Al_Dente wrote:Q: why are we still buying puts?
A: protection
92puts.png.jpg

As long as people are buying puts, there wouldn't be big down. The big down usually starts after VIX suddenly collapses one day, meaning those buying puts give up...

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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

Testing day high, key time. So far bulls are in control.
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

Cobra wrote:
Al_Dente wrote:Q: why are we still buying puts?
A: protection
As long as people are buying puts, there wouldn't be big down. The big down usually starts after VIX suddenly collapses one day, meaning those buying puts give up...
Nonetheless, folks trading the VIX ETF that correspond to short-SPY and long-VIX (UVXY) are doing okay at the moment
92uvxy.png.jpg
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

This bull shall have legs
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

SPX HOD
QQQ not
FANG not

XLV new ATH
Because what? Steroids?
XLV buying rotation is not enough to keep SPX happy IMHO
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

New lows have an uncanny way of calling medium-term sells.
When lows move above the black horizontal line, sell.
So boring; it has been long since late March, early April.
92lows.png.jpg
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Cobra
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Re: 09/02/2020 Live Update

Post by Cobra »

The very first touch of EMA20 usually is buy, watch for EMA long setup here.
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brokebybernacke2
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Re: 09/02/2020 Live Update

Post by brokebybernacke2 »

Al_Dente wrote:SPX HOD
QQQ not
FANG not

XLV new ATH
Because what? Steroids?
XLV buying rotation is not enough to keep SPX happy IMHO
2 trillion on deck....
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Al_Dente
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Re: 09/02/2020 Live Update

Post by Al_Dente »

brokebybernacke2 wrote:
Al_Dente wrote:SPX HOD
QQQ not
FANG not

XLV new ATH
Because what? Steroids?
XLV buying rotation is not enough to keep SPX happy IMHO
2 trillion on deck....
please explain boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 09/02/2020 Live Update

Post by te_fern »

Can it stay in the channel??
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