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#1 OEXCHAOS

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Posted 21 February 2020 - 09:41 AM

My Swing Momentum "backed into" a Sell the day before yesterday, which is Bullish. Cumulative Breadth was positive. The CBOE:SPX turned up.

I know we're down but I suspect we bounce off the lows. Maybe a lot.


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#2 K Wave

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Posted 21 February 2020 - 09:56 AM

SQQQ 1 min finally went into bull mode after pic perfect technical action yesterday.

 

We'll see how long bears can keep it above 16.40 now....

With Corona now rapidly spreading in 2nd country, who wants to be long for the weekend??

 

sqqq.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 LMF

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Posted 21 February 2020 - 12:22 PM

This has been a nice expiration adjustment that fit in with VIX gap that was overhead. Equity put call data had remained bullish off the deep end this week.....so those guys get shot. TQQQ maxed out at nearly 119, and max pain was around 110 where it got to this morning. Im getting closer to going back to some trades on UVXY now that its 2x instead of the original 3x which was too much. Profits so far this year on TQQQ trading are ridiculous.....

Edited by LMF, 21 February 2020 - 12:26 PM.


#4 12SPX

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Posted 21 February 2020 - 12:33 PM

If we hold around here to finish off expiration there is a huge possibility of volatility to kick way up and March will be a down expiration cycle!



#5 linrom1

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Posted 21 February 2020 - 01:03 PM

SQQQ 1 min finally went into bull mode after pic perfect technical action yesterday.

 

We'll see how long bears can keep it above 16.40 now....

With Corona now rapidly spreading in 2nd country, who wants to be long for the weekend??

 

sqqq.png

I really like this stock.



#6 K Wave

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Posted 21 February 2020 - 01:40 PM

No sign of SQQQ weaknes thus far....if bulls don't step up soon, could get very ugly into close....

 

A lot of stuff entering hourly crash windows with HUGE air gaps....

 

AAPL one of 'em...if 313 goes, long way down to support on hourly chart....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#7 K Wave

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Posted 21 February 2020 - 01:52 PM

AAPL not feeling so good....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#8 LMF

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Posted 21 February 2020 - 09:36 PM

The trick on AAPL was the marginal new ATH on Feb 12. By about 15 cents or so. One cent higher would have been good enough. It peanuts but thats the trick.....or the signal that its not done yet. If its done theres no way that high happens....

#9 skott

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Posted 22 February 2020 - 01:16 PM

Aapl puts doing great. 20% of apples sales are from China. Satellite imagery shows economic activity is 10 to 15% of normal