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NYSE TICK reading today


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#11 12SPX

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Posted 18 May 2020 - 02:34 PM

Adding, now average 2957!



#12 12SPX

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Posted 18 May 2020 - 02:36 PM

This is so reminding of the sell off last week sheesh ridiculous now up +7% in 3 days, not a healthy market!!  



#13 12SPX

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Posted 18 May 2020 - 03:13 PM

Okay just in case profit stop at 2953, much better profit there if it hits then I'll add above!



#14 Darris

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Posted 18 May 2020 - 04:21 PM

If the FAAGM fab 5 anti trust news hits again this week and QQQ nears gap fill and or SMH does a gap fill and SPY does not materially come close to gap fill, then that should be the weekly low.  Just another view since the NDX was a laggard today.  SPX catching up the last few days.



#15 K Wave

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Posted 18 May 2020 - 05:56 PM

If the FAAGM fab 5 anti trust news hits again this week and QQQ nears gap fill and or SMH does a gap fill and SPY does not materially come close to gap fill, then that should be the weekly low.  Just another view since the NDX was a laggard today.  SPX catching up the last few days.

I am still watching those closely....IF they start to come back under their 5 min 900s over the next couple of days, could be warning sign...

 

Either Qs make a beeline for the ATH ( a couple of good days and they are there) or they run out of gas real soon...

Thus far, nothing too worrisome....

 

And that action in the Trannies today...WOW...trapped a lot of bears there today with that gapped floor recapture...



#16 Darris

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Posted 18 May 2020 - 06:30 PM

Just for fun, let's hope the news comes around the close or an hour after the close tomorrow (Tuesday), and for the most part lasts most of the night session for the big gap down buy like Banks and Rut last week.  It should be obvious in the 1st 30 minutes of trade Wednesday morning.



#17 Darris

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Posted 18 May 2020 - 06:37 PM

By the way, our normal 20-30 point end of day sell off was certainly helped by continued accumulation of Inverse ETF shares today.  785 million dollars on a 1x basis.  Mainly in Dow and SPX and some in NDX MID, but a tiny redemption in SH.  This continues to help support the non-belief side of sentiment.  Over 17 Billion dollars committed to new share accumulation beginning on March 24th this year.  Side note, additionally, 472 million of long share dollars were redeemed today.  1.3 billion dollars having a fear of heights today. LOL


Edited by Darris, 18 May 2020 - 06:40 PM.


#18 Darris

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Posted 19 May 2020 - 07:36 AM

Probably decent odds of a short around 1-2am EST Tuesday morning and or 3-4am a bit later.  Asia close and Europe open.  Maybe a nice slow trend day down from those levels.  Just guessing some old lift off day patterns.

Did pretty good on the timing for selling/shorting last night.  ES 10 pts higher than day session at 3am



#19 K Wave

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Posted 19 May 2020 - 08:31 AM

seeing possible little cherry on on top of NQ in the wee hours on the spike up to 9400...

 

back below 9300, and things could start to roll back over...

 

Let' s see what happens when we go live...



#20 12SPX

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Posted 19 May 2020 - 08:50 AM

 

Probably decent odds of a short around 1-2am EST Tuesday morning and or 3-4am a bit later.  Asia close and Europe open.  Maybe a nice slow trend day down from those levels.  Just guessing some old lift off day patterns.

Did pretty good on the timing for selling/shorting last night.  ES 10 pts higher than day session at 3am

 

Ya got stopped out overnight for a small profit of 4 points but went back in at 2960 with a profit stop of 2950, see how the day goes!!