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BIG MOVE to breakout of 3-week range


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#51 robo

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Posted 30 April 2020 - 08:39 AM

 
 
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Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER* The 2nd highest reading was in Oct 2011, when stocks fell -12.8% over the next month. Less extreme readings also led to pullbacks
 
 

Edited by robo, 30 April 2020 - 08:39 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


#52 robo

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Posted 30 April 2020 - 08:56 AM

MTDR still on the move, and IWM is being bought... Just BTFD is back in play...... Still unable to move above the next Fib level 61.8%

 

https://stockcharts....280&a=742829483


Edited by robo, 30 April 2020 - 09:00 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


#53 dTraderB

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Posted 30 April 2020 - 09:02 AM

closed that ES long 7.5 porfit

will reopen lower



#54 robo

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Posted 30 April 2020 - 09:06 AM

 

Closed at 2935
8.25 profit

Nice trade!

 

I will be reducing long positions before the close.....

 

VIX tagging the lower BB and we are getting closer to the next fib level.......  However, the trend remains up but with more risk....  Energy has been my best trade lately... Traded some MTDR

 

https://stockcharts....709&a=736087073

 

Sold my VXX and waiting to see how this plays out.....  Bear Trap?  we shall see....

 

 

 
 
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·
1h
 
In the sea of Red... $NASDAQ GREEN... let's see $AAPL this afternoon, up nearly 10 yesterday, up 3 this morning... Another big BEAR TRAP setting up.
 
 

 

 
 
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Thursday 9:50: SS           LOLR     STS
 
                            Up          Up           Up
                           7/0          7/0          1/6
Breadth: -2100/-1500 TRIN 0.55 TRINQ 0.35 McO +60

Edited by robo, 30 April 2020 - 09:08 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


#55 dTraderB

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Posted 30 April 2020 - 09:45 AM

new es long 

2904.50



#56 dTraderB

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Posted 30 April 2020 - 09:46 AM

LEAVING THAT  es long for a while ....want to be NET ON ES for most of next hour or more



#57 dTraderB

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Posted 30 April 2020 - 10:14 AM

closed 8.75 profit

 

will reopen lower



#58 dTraderB

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Posted 30 April 2020 - 10:48 AM

buy ES 2900.5



#59 robo

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Posted 30 April 2020 - 11:49 AM

Still waiting and watching IWM..... No new positions.....  I see no reason to currently buy back my long positions I sold yesterday before the close....

 

Energy currently remains my favorite sector for trading.....

 

IWM back under the Fib 50% level....  Gaps that need filling?   Maybe!

 

 https://stockcharts....280&a=742829483

 

 
 
G8HNyK4U_x96.jpg
 
Thursday 12:40: SS           LOLR       STS
                             Up          Up           Down
                             7/0          5/2          0/7
 
Breadth: -2000/-1400 TRIN 0.59 TRINQ 0.45 McO +67

 

 

 

 
 
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·
1h
 
That was a "TEST ME" signal, higher high 8926.11
Quote Tweet
 

 

 

 
 
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No V-shaped recovery coming out of the Fed press statement: “The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.”
 
 

 

 
 
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'In a liquidity crisis, otherwise healthy firms collapse because they can’t access credit. In a solvency crisis, companies can’t survive no matter how much they can borrow: they need more revenue. The Fed can’t solve that.'
 
 

 

 
 
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We are beginning to see some of the hardest hit areas of the market begin to outperform as they experience catch-up rallies. I tweeted last week that we would see this. Some of those groups starting catch-up rallies include oil, industrials, housing & financials.

Edited by robo, 30 April 2020 - 11:58 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


#60 linrom1

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Posted 30 April 2020 - 12:15 PM

Robo are you aka Robotrader?