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Big Red Candle - SPX closed at low 1% from high


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#31 dTraderB

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Posted 22 July 2019 - 08:58 AM

I may soon have to change my stance to BULLISH with SPX 3150 as first target :

Could do that today, especially after these two news items:

 

US debt ceiling and budget deal ‘near final’; suspends ceiling for 2 years: Source

https://www.cnbc.com...ars-source.html

 

Elizabeth Warren says the ‘warning lights are flashing’ for the next economic crash

https://www.cnbc.com...-is-coming.html



#32 dTraderB

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Posted 22 July 2019 - 08:59 AM

VXX and VIX may rise, or not drop as much as they should if SPX is up, because of the normal 

 

post-OPEX trades 



#33 dTraderB

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Posted 22 July 2019 - 09:00 AM

two NQ trades since market opened, both LONGS

 

Great trades to start the week



#34 robo

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Posted 22 July 2019 - 09:38 AM

I may soon have to change my stance to BULLISH with SPX 3150 as first target :

Could do that today, especially after these two news items:

 

US debt ceiling and budget deal ‘near final’; suspends ceiling for 2 years: Source

https://www.cnbc.com...ars-source.html

 

Elizabeth Warren says the ‘warning lights are flashing’ for the next economic crash

https://www.cnbc.com...-is-coming.html

I will change once my system tells me to.....  Currently in a cash position...... Waiting and reading over lots of guesses.....  I do remember those days....

 

IWM looks very weak, and VXX getting close to a buy signal.... (Waiting for the next signal on the daily chart) VST trading differently)  I know you are day-trading so I can see why you are long using the 30 minute chart....However, I'm trading small caps Brother....  IWM looks weak...

 

https://stockcharts....303&a=677707055

 

Good Trading!

 

My XES has been doing well.....

 

Daily system...https://stockcharts....402&a=677465463


Edited by robo, 22 July 2019 - 09:45 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


#35 robo

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Posted 22 July 2019 - 02:03 PM

200 Reasons Why The Hindenburg Omen Matters
  • headshot_jason_thumbnail_hd.jpg
    Jason Goepfert
      
     Published: 2019-07-22 at 09:06:53 CDT

Warning signs

For the first time since October 2018, there are hints of trouble brewing beneath the market. While major indexes have been at or near all-time highs, under the surface there are more and more stocks losing momentum, and there has been a split with many securities at 52-week highs AND lows.

That has triggered the much-derided Hindenburg Omen, at least using the criteria we've always used (others might use slightly different criteria or data sources). According to our Backtest Engine, it has triggered on 200 days since 1965, and forward returns in the S&P 500 after even only a single signal have been terrible.

 

 

https://sentimentrad...g-omen-matters/


“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


#36 dTraderB

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Posted 22 July 2019 - 03:07 PM

 

200 Reasons Why The Hindenburg Omen Matters
  • headshot_jason_thumbnail_hd.jpg
    Jason Goepfert
      
     Published: 2019-07-22 at 09:06:53 CDT

Warning signs

For the first time since October 2018, there are hints of trouble brewing beneath the market. While major indexes have been at or near all-time highs, under the surface there are more and more stocks losing momentum, and there has been a split with many securities at 52-week highs AND lows.

That has triggered the much-derided Hindenburg Omen, at least using the criteria we've always used (others might use slightly different criteria or data sources). According to our Backtest Engine, it has triggered on 200 days since 1965, and forward returns in the S&P 500 after even only a single signal have been terrible.

 

 

https://sentimentrad...g-omen-matters/

 

I have high regards to his work.

The drop may be later, not before the FED cut



#37 robo

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Posted 22 July 2019 - 03:59 PM

 

 

200 Reasons Why The Hindenburg Omen Matters
  • headshot_jason_thumbnail_hd.jpg
    Jason Goepfert
      
     Published: 2019-07-22 at 09:06:53 CDT

Warning signs

For the first time since October 2018, there are hints of trouble brewing beneath the market. While major indexes have been at or near all-time highs, under the surface there are more and more stocks losing momentum, and there has been a split with many securities at 52-week highs AND lows.

That has triggered the much-derided Hindenburg Omen, at least using the criteria we've always used (others might use slightly different criteria or data sources). According to our Backtest Engine, it has triggered on 200 days since 1965, and forward returns in the S&P 500 after even only a single signal have been terrible.

 

 

https://sentimentrad...g-omen-matters/

 

I have high regards to his work.

The drop may be later, not before the FED cut

 

All of his work is about Risk Management Brother.....  His data is the most useful when we are hitting extremes. My system is now in a cash position, and I'm VST trading using Bear indexes....


“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


#38 robo

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Posted 22 July 2019 - 04:07 PM

"Our focus is not market timing per se, but rather risk management. That may be a distinction without a difference, but it's how we approach the markets. We study signs that suggest it is time to raise or lower market exposure as a function of risk relative to probable reward. It is all about risk-adjusted expectations given existing evidence."

 

https://sentimentrader.com/about/


“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