14 replies to this topic

[redfoliage2]

Bearish.  I see bounces if any will be sold.

Edited by redfoliage2, 13 May 2020 - 08:50 AM.

[redfoliage2]

Let's see if SPX 2770 will hold ....................

Edited by redfoliage2, 13 May 2020 - 11:37 AM.

[12SPX]

I'm surprised being option expiration and pomo that were not seeing an up market, guess the week isn't done yet!

[CHAx]

What odds do you give on a test of 2770 by Asian open?  Just curious.

 

1:1?

2:1?

[robo]

A BT and bounce for IWM off the 50 SMA and the VIX is moving down some. Sold my short positions and waiting for the next trade.....  I was trading the VIX BB buy signal.  I remain on a sell signal as it looks like we will close under the 13 EMA today....

 

I give VTI the most weight for trading. On my chart below....

 

https://www.traders-...ek-of-may-11th/

 

Good Trading.

 

https://stockcharts....286&a=753399686

Edited by robo, 13 May 2020 - 01:32 PM.

[redfoliage2]

What odds do you give on a test of 2770 by Asian open?  Just curious.

 

1:1?

2:1?

I see a 50:50 bet ...............

Edited by redfoliage2, 13 May 2020 - 01:35 PM.

[robo]

I'm surprised being option expiration and pomo that were not seeing an up market, guess the week isn't done yet!

It the plan was to suck in some bear fuel it's working. I went to a sell signal.....  The indexes I track and trade are all now trending down....

 

Waiting to see how this plays out......

 

https://www.marketwa...center/Calendar

 

 

What are the folks I track tweeting?

 

 

thomas

 

 

I guess I would be remiss not to point out... That we are not only going DOWN... it is DOWN ON BLOWOUT VOLUME...

 

 

 

 

 

 

 

SevenSentinels

 

@SevenSentinels

 

2:30 Markets Near LOD On Extremely Weak Internals & Flagging TREND Measures https://sevensentinels.com/may-12-2020-intra-day-2/

 

 

 

Sven Henrich

 

@NorthmanTrader

·

16m

 

He must know.

Quote Tweet

 

 

 

Donald J. Trump

 

@realDonaldTrump

· 4h

When the so-called “rich guys” speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down. Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?

 

SentimenTrader Retweeted

 

 

 

Jason Goepfert

 

@jasongoepfert

·

2h

 

Top-heavy is not good. The top 5 stocks in the S&P 500 have accounted for 24% of the S&P's total point gain since the March 23 low. When the top 5 account for more than 20%, the S&P's average return 3 months later was -9.2%, vs +9.5% when they made up less than 20%.

Edited by robo, 13 May 2020 - 01:46 PM.

[redfoliage2]

Be aware that my VST signal is always nullified each day at 4:00 pm EST and it's basically just for day trading.  I may not post a signal the next day .....................

Edited by redfoliage2, 13 May 2020 - 01:54 PM.

[redfoliage2]

Nice bounce in the last hour.  Glad I went covered.  Too much liquidity and too low the interest rate so money got no where to go and buying stocks seems a good option.  That's why there are always dip buyers out there .........

Edited by redfoliage2, 13 May 2020 - 04:48 PM.

[CHAx]

Nice bounce in the last hour.  Glad I went covered.  Too much liquidity and too low the interest rate so money got no where to go and buying stocks seems a good option.  That's why there are always dip buyers out there .........

 

It was a good call, overall.  Well done!  I had similar expectations, managed to cover before the last hour rip higher-  Flat into overnight session. 

 

Re evaluating, how aggressive I want to play this bounce, if at all.