The Intraday US Stock Market Discussion Board
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todayAl_Dente wrote:The QQQs were leading the charge; not so strong today [see cobra’s overnight report for more]
This is RELATIVE STRENGTH, not the straight indices
We'll see if it works...Al_Dente wrote:THANK U FOR POSTING THAT mr bnutMr. BachNut wrote:Short.
I am putting on a short into the ongoing rise.
This is a counter trend trade based on an ARMs Sell Warning. Basically the TRIN has been too low for too long with the rally being powered by too few stocks.
All my trend signals remain bullish.
This setup looks to capture a correction sometime over the next week. The timing is loose as the market could rise a bit more in the next days, but it should be moderate unless the setup is going to fail.
I would have waited for the close, but sometimes the market turns (if it turns) after the 1pm treasury auction.
I do see that your TRIN daily MA just hit the sell line
That has not happened since MARCH !!!!!
Look at the bear move...just getting started...EvilTrader wrote:At current levels, If SPY turns negative intraday , can attract a bunch of fresh bears and rollover. Hey its not cheering, but a market feature
Bulls take care
U may or may not recall I stole that one from u in march, pardon, “borrowed”Mr. BachNut wrote:We'll see if it works...Al_Dente wrote:THANK U FOR POSTING THAT mr bnutMr. BachNut wrote:Short.
I am putting on a short into the ongoing rise.
This is a counter trend trade based on an ARMs Sell Warning. Basically the TRIN has been too low for too long with the rally being powered by too few stocks.
All my trend signals remain bullish.
This setup looks to capture a correction sometime over the next week. The timing is loose as the market could rise a bit more in the next days, but it should be moderate unless the setup is going to fail.
I would have waited for the close, but sometimes the market turns (if it turns) after the 1pm treasury auction.
I do see that your TRIN daily MA just hit the sell line
That has not happened since MARCH !!!!!
i can't see your time frame.......how many days......... 60min????BullBear52x wrote:todayAl_Dente wrote:The QQQs were leading the charge; not so strong today [see cobra’s overnight report for more]
This is RELATIVE STRENGTH, not the straight indices
60 here is 5min.Al_Dente wrote:i can't see your time frame.......how many days......... 60min????BullBear52x wrote:todayAl_Dente wrote:The QQQs were leading the charge; not so strong today [see cobra’s overnight report for more]
This is RELATIVE STRENGTH, not the straight indices
Do not feel alone, I have Sept. 140 Puts. Hang in there until SPY gets to $139ish! Looks like husband may be right after allCH37 wrote:something is weird today ...
I still hold me trapped Sept 138put ...
EFA wrote:Do not feel alone, I have Sept. 140 Puts. Hang in there until SPY gets to $139ish! Looks like husband may be right after allCH37 wrote:something is weird today ...
I still hold me trapped Sept 138put ...
evil evilBorrow, steal, whatever works. I think credit goes to the late Terry Laundry for this one.Al_Dente wrote:U may or may not recall I stole that one from u in march, pardon, “borrowed”Mr. BachNut wrote:We'll see if it works...Al_Dente wrote:THANK U FOR POSTING THAT mr bnutMr. BachNut wrote:Short.
I am putting on a short into the ongoing rise.
This is a counter trend trade based on an ARMs Sell Warning. Basically the TRIN has been too low for too long with the rally being powered by too few stocks.
All my trend signals remain bullish.
This setup looks to capture a correction sometime over the next week. The timing is loose as the market could rise a bit more in the next days, but it should be moderate unless the setup is going to fail.
I would have waited for the close, but sometimes the market turns (if it turns) after the 1pm treasury auction.
I do see that your TRIN daily MA just hit the sell line
That has not happened since MARCH !!!!!
ps WOW WOW on that BIG red bar right now, oy