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#1 Dex

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Posted 04 May 2020 - 11:26 AM

S&P at 12pm 1.3B vs avg 6b

 

NASDAQ 1/3 of avg volume

 

Major institutions only buyers in the S&P

 

Money moving into the safe haven of Tech.  Bonds don't pay anything and aren't very safe at this point.

 

In the absence of news - we bounce up/down with a downward bias.

 

As news reports come in that the states opening hasn't shown business have are opening and/or those that have aren't doing well the next major leg down should happen.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#2 salam

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Posted 05 May 2020 - 09:08 AM

Totally Agree.

 

i got stopped out $20 cash area with crude, so bruising a loss but still have my 1/3 ES 2960 short.

 

adding and scaling in above ES 2875-85 resistance area now further 1/3 position.


I'm not sure what my future holds... But I know who holds it.

#3 12SPX

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Posted 05 May 2020 - 09:26 AM

Totally Agree.

 

i got stopped out $20 cash area with crude, so bruising a loss but still have my 1/3 ES 2960 short.

 

adding and scaling in above ES 2875-85 resistance area now further 1/3 position.

Nice I left mine to early but did get most of this upswing so not bad but would rather short also!!



#4 salam

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Posted 05 May 2020 - 11:31 AM

Trend day rather than a gap and crap? 
 

reducing short risk here 


I'm not sure what my future holds... But I know who holds it.

#5 12SPX

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Posted 05 May 2020 - 11:44 AM

I'm still adding up to 2872 now we'll see!!  



#6 Dex

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Posted 05 May 2020 - 01:12 PM

2.11   1.9B vs 5.9B

 

https://finance.yaho...om/quote/^GSPC/


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#7 K Wave

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Posted 05 May 2020 - 01:30 PM

Here we are at QQQ 220 again...while SOX continues to lag badly.

 

Let's see if Qs can punch through or if they run outta gas right about here...


Edited by K Wave, 05 May 2020 - 01:30 PM.

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 K Wave

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Posted 05 May 2020 - 01:32 PM

On alert for big reversal bar on AAPL as it pokes it head above 300.

 

If that fails to materialize, then bears may have trouble.

 

2:30 pivot window right now....let's see


Edited by K Wave, 05 May 2020 - 01:32 PM.

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 linrom1

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Posted 05 May 2020 - 01:44 PM

I think they ran this grotesque pig as far up as they could. They'll be selling futures under the cover of night.



#10 CLK

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Posted 05 May 2020 - 01:53 PM

I hear this volume argument over and over, there is nothing wrong with the volume,

volume is almost always higher on the downside than upside, and the higher price goes

the lower the total volume will be, up or down. So simple, but people think they have found

something tradable and haven't.

 

 

Yeah, it might matter on a 5 min. chart, not the daily.


Edited by CLK, 05 May 2020 - 01:55 PM.