Short
#1
Posted 08 April 2020 - 07:54 PM
#2
Posted 08 April 2020 - 08:20 PM
I'm with ya...using ES 2740 as the pivot for tonight.
NQ underperfromed pretty badly on the last leg up....could be short term harbinger of doom...
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
Posted 08 April 2020 - 08:31 PM
And there is also this....NQ hourly smacked right into hourly 900 with good sized divergence on 2nd touch..
would not be surprised to see move to 200 hour from here...
But you gotta use stops here, because if it doesn't rollover, more air overhead.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
Posted 08 April 2020 - 11:33 PM
I think when the earnings reports start rolling in, like next week, the reports won't be good. Then we should see reality set in and some market weakness. Right now it seems we are in feel good land, death projections are not as bad as last week, no poor earnings reports, so a little celebration.
Blogging at http://RichInvesting.wordpress.com
My swing trades typically last a couple of weeks to a couple of months.
#5
Posted 09 April 2020 - 08:35 AM
Well Gold certainly liked the more trillions
have to careful above 2740-50 ES...
SOX 1640 and NDX 8200 look like big time pivot zones...
So IF this fed induced bender does not get a hangover pretty soon after the open, could be bears are now trapped after everyone getting short around 2700-2750.
Still willing to look at short side if things start to reverse.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#6
Posted 09 April 2020 - 09:07 AM
SOX slipping a bit....
If it goes full reversal......
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
Posted 09 April 2020 - 09:15 AM
NYMO spiked to +130 early on. Similar to upward move out of Dec 2018 low, breadth wise.
#8
Posted 09 April 2020 - 09:16 AM
SOX red.....
back test, or about to rollover....we should know very soon...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#9
Posted 09 April 2020 - 09:42 AM
looks like moment of truth on SOX may be right about here...
Edited by K Wave, 09 April 2020 - 09:44 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#10
Posted 09 April 2020 - 10:27 AM
Shorting right here. SOXS, QID, SDS.
Air-pocket coming up.