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#1 CLK

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Posted 08 April 2019 - 07:33 AM

I've been able to hedge ok but it's getting not worth it after a flat March and now April not looking much better.

I'm just going to close most of my long/short near term contracts, I may end up with very long term only. I do have some TZA July 9 calls, if we get a shakeout, I will just close those and hope it isn't an IT decline. Buying puts and expecting some kind of top isn't working, but as soon as I close them it will tank probably. I guess just wait for the dip and buy it and hope it doesn't keep going. Really, every new swing high just gets sold, been this way for months. 


Edited by CLK, 08 April 2019 - 07:34 AM.


#2 robo

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Posted 08 April 2019 - 07:47 AM

  Looking for Weakness Today and Tomorrow

 

The S&P 500 has been higher every single day since we last took a lookat it a little more than one week ago. 

 

Back then, we noted the 15-minute chart of the index had formed a consolidating triangle pattern. It was nearing the apex of the triangle. So, we were soon headed for a big move one way or the other.

 

Well, as you can tell from the following updated chart, that big move played out to the upside…

 

Notice that as the S&P 500 moved higher last week, key technical indicators like the MACD and the RSI actually declined. This sort of negative divergence is often an early warning sign of an impending decline. And since this is a 15-minute chart – and patterns on this chart tend to play out within one or two days – it has me on guard for broad stock market weakness early this week.

 

Notice how the chart showed similar negative divergence in the middle of last month. That pattern resulted in a two-day decline of about 35 points in the S&P 500. There’s a fairly good chance we’ll see something similar develop early this week.

Best regards and good trading,

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Jeff Clark

 

 

https://www.jeffclarktrader.com/


Edited by robo, 08 April 2019 - 07:48 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#3 CLK

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Posted 08 April 2019 - 07:54 AM

They may still go for 2840, looks the same kind of top. Nobody wants to be the bag holder at new highs, hence the selling, not buying.

 

 

https://invst.ly/ahmjd



#4 robo

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Posted 08 April 2019 - 08:05 AM

They may still go for 2840, looks the same kind of top. Nobody wants to be the bag holder at new highs, hence the selling, not buying.

 

 

https://invst.ly/ahmjd

I'm long VXF, GDXJ, and I just bought a small position of VXXB....  

 

This is a VST trade based on the VST data   -   04/08/2019  08:51:44   Bought VXXB @ 28.12

 

Good Trading!

 

 

https://stockcharts....271&a=657032944


“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#5 robo

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Posted 08 April 2019 - 08:12 AM

Video - Henrich: Everything is wonderful?

 

The Trend remains up....

 

 

 

Pleasure speaking with @SullyCNBC on @CNBCWEX this morning. Watch the structure of the market & that rising wedge on $NDX.

 

https://twitter.com/NorthmanTrader

Henrich: Everything is wonderful?
2 Hours Ago

Sven Henrich, NorthmanTrader Founder, talks market trends, the long bull run, and what to watch going forward


Edited by robo, 08 April 2019 - 08:15 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#6 CLK

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Posted 08 April 2019 - 08:40 AM

My most bearish take and what I expected last Thursday.

 

 

https://invst.ly/ahn4s



#7 CLK

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Posted 08 April 2019 - 09:09 AM

See how "They" made sure to close the 10am print right at the line instead of below it ?

 

 

 

https://invst.ly/ahni0



#8 CLK

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Posted 08 April 2019 - 10:44 AM

See how "They" made sure to close the 10am print right at the line instead of below it ?

 

 

 

https://invst.ly/ahni0

 

 

There is no point in shorting until we get an hourly CLOSE below that line.

 

 

Closed all short term contracts, decaying into nothing.


Edited by CLK, 08 April 2019 - 10:45 AM.


#9 robo

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Posted 08 April 2019 - 11:37 AM

 

See how "They" made sure to close the 10am print right at the line instead of below it ?

 

 

 

https://invst.ly/ahni0

 

 

There is no point in shorting until we get an hourly CLOSE below that line.

 

 

Closed all short term contracts, decaying into nothing.

 

My 2 hour is still on a buy and I will not sell my VXF until the daily confirms.....  The trend remains up, and I don't care why Brother....

 

Good Trading!

 

2 hour

 

https://stockcharts....901&a=657033717

 

Daily 

 

https://stockcharts....271&a=657032944

 

My GDXJ is still performing well....

 

https://stockcharts....809&a=657034147


Edited by robo, 08 April 2019 - 11:47 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#10 CLK

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Posted 08 April 2019 - 11:54 AM

45 degree moves are good for scalping, nothing else, so sick of those.