SOX fresh lows..now lets see if they can crack it wide open after 1720 failed to hold...
Covered NQ short
Started by
.Blizzard
, May 12 2020 05:07 PM
26 replies to this topic
#11
K Wave
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Posted 13 May 2020 - 10:25 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
#12
linrom1
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Posted 13 May 2020 - 10:25 AM
Some targets for bottom of this move on YM
#13
K Wave
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Posted 13 May 2020 - 10:26 AM
AAPL in big air gap on 5 min chart now.
5 min 900 way down near 300
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#14
12SPX
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Posted 13 May 2020 - 10:28 AM
Now averaged in for 2840!
#15
K Wave
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Posted 13 May 2020 - 10:41 AM
5 min 900 comes in at the very key 220 level on QQQ...
Unless bears can reclaim that, this is just a pullback to breakout level on the Qs
A significant breach of 220 and the 5 min 900 would likely seal a breakout/fakeout
But if it holds, still possibility Qs could make one more surge upwards...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#16
K Wave
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Posted 13 May 2020 - 10:44 AM
Total carnage in RUT
as soon as this leg stops running, will be covering that one....
1220 or lower may be possible before it stops, but turn could come at any time now...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#17
K Wave
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Posted 13 May 2020 - 10:48 AM
2350 area on AMZN now looking very important to near term outlook
Let's see what happens on this 2nd test of 5 min 900
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#18
K Wave
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Posted 13 May 2020 - 10:49 AM
There's the 5 min tag on Qs
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#19
K Wave
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Posted 13 May 2020 - 10:53 AM
Back to flat after booking some big profits in less than 24 hours...
Going make bears prove to me they can actually roll this over on the Qs
Edited by K Wave, 13 May 2020 - 10:53 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
#20
kaiser soze
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Posted 13 May 2020 - 10:56 AM
I have mentioned the weakness of in cyclical stocks in many posts and threads. KRE is down close to 7 %, OIH down 9 % and other cyclicals getting similarly punished. The weakest cyclicals are not that far away from the March lows.
I covered 80 % my shorts of cyclical stocks and ETFs at 9:50 am this morning (European close) at close to ES 2817. I expect more downside after a bounce. But the bounce could be vicious. Will re-assess shorting possibilities later today.
