I also watch VOLUME as well as New Highs & New Lows
S&P 500 Bullish Percent - 74% - Generally over 70% is considered over bought or hold long signal - Below 50% is a sell signal - Watch for divergences here.
3:42 AM - 13 Jul 2019
FED watchers scratch heads BUT SPX 3300 doable by September
Started by
dTraderB
, Jul 13 2019 03:31 PM
32 replies to this topic
#12
dTraderB
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Posted 13 July 2019 - 04:02 PM
VIX is still a bit too high for a ST top; maybe there is more hedging that we think
Also, OPEX is here....could be a far more active OPEX early in the week than the nornal OPEX snoozefest
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VIX Daily - On a Sell signal - Great for stocks - Short and you will be burned is the mantra below the 10 EMA.
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NASDAQ TICKQ - rising vs. declining stocks -huge sell, short program at the end of day??? Someone not buying the all time highs, eh??
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VIX - Dive, Dive, Dive - Buy, Buy, Buy visual chart.
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#13
dTraderB
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Posted 13 July 2019 - 04:05 PM
Do not!
Don't Fight The Fed's Sentiment https://www.sentimentrader.com//blog/dont-fight-the-feds-sentiment/ … via @sentimentrader
#14
dTraderB
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Posted 13 July 2019 - 04:06 PM
That's it, my weekend Systems update is done.... looking for slow start and then more active trading as we approach OPEX Friday
But, events can change all that....
#15
dTraderB
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Posted 13 July 2019 - 05:05 PM
I was told in another forum that my SPX 3300 seems to be a popular target, LOL
From Lance:
S&P 3300 – The Bull Vs. Bear Case 07-13-19
Written by Lance Roberts | Jul, 13, 2019
- Last week, we suggested the current setup, “suggests a bit more rally could occur next week.”
- That remains the case this week.
- We may be at the limits of that rally for now, but given that last week was an extremely light trading week due to the holiday, we will hold until Monday to see what happens next.
- The market is back to very overbought short-term so a bit of a correction is needed to add to our position.
- Short-Term Positioning: Bullish
- Stop-loss adjusted to $275
Monday and Tuesday were indeed a bit sloppy, as shown below, but “fireworks” started on Wednesday as Jerome Powell said everything possible to ensure Wall Street a “rate cut” in July without actually saying so.
https://realinvestme...ll-vs-bear-case
#16
slupert
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Posted 14 July 2019 - 06:39 AM
VIX is still a bit too high for a ST top; maybe there is more hedging that we think
Also, OPEX is here....could be a far more active OPEX early in the week than the nornal OPEX snoozefest
VIX Daily - On a Sell signal - Great for stocks - Short and you will be burned is the mantra below the 10 EMA.
0 replies0 retweets2 likesReplyRetweet2LikeNASDAQ TICKQ - rising vs. declining stocks -huge sell, short program at the end of day??? Someone not buying the all time highs, eh??
0 replies0 retweets1 likeReplyRetweet1LikeVIX - Dive, Dive, Dive - Buy, Buy, Buy visual chart.
0 replies0 retweets1 likeReplyRetweet1Like
Volatility begins very shortly, a harbinger for a swift drop like in December. (JMHO)
#17
dTraderB
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Posted 14 July 2019 - 07:25 AM
David seems to be bearishly inclined, very slightly so:
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OE Week - Generally Bullish - The Wednesday of the preceding week is what’s known as ‘Weird Wollie Wednesday’, named after Dan Wolanchuk, who noticed a particular phenomenon. This day usually sees the market close in the opposite direction of expiration day. That would be down.
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SPY - Daily look - breakout volume decreasing the last 3 days - RSI negative divergence at the highs, but long signal, MACD Buy, QQQ:SPX ratio showing a negative divergence, SCTR Extreme Bullishness. Price is showing resistance at the trend line. OE and Earning coming up -
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S&P 500 - one tweet away from Nirvana - or a Top??? RSI Divergences aren't what you want to see at the highs. Monthly Chart, so all we need is more buying at the all time highs.
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#18
dTraderB
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Posted 14 July 2019 - 07:27 AM
VIX is still a bit too high for a ST top; maybe there is more hedging that we think
Also, OPEX is here....could be a far more active OPEX early in the week than the nornal OPEX snoozefest
VIX Daily - On a Sell signal - Great for stocks - Short and you will be burned is the mantra below the 10 EMA.
0 replies0 retweets2 likesReplyRetweet2LikeNASDAQ TICKQ - rising vs. declining stocks -huge sell, short program at the end of day??? Someone not buying the all time highs, eh??
0 replies0 retweets1 likeReplyRetweet1LikeVIX - Dive, Dive, Dive - Buy, Buy, Buy visual chart.
0 replies0 retweets1 likeReplyRetweet1Like
Volatility begins very shortly, a harbinger for a swift drop like in December. (JMHO)
Market is now in the irrational exuberance stage but it can remain so for another few days or weeks.
I am looking for a pullback but then what....depends on earnings and if FED does 50 instead of 25 bps cut
#19
dTraderB
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Posted 14 July 2019 - 07:58 AM
FED has setup the market for a rate cut so they must deliver or else there will be a rebellion in Wall St and Wh
So, expect a 25 bps cut that is already priced into the market, then markets plunge
a 50 bps will create a rally for 2 to 3% and then markets plunge
However good Q2 earnings will send SPX above 3100
No one seems to care about Trade war at this time, at least for the next few weeks.
Wimbledon on a Sunday morning....too good
The Fed could be about to disappoint the market, warns Well Fargo Securities
https://www.cnbc.com...securities.html
#20
cycletimer
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Posted 14 July 2019 - 08:02 AM
Keep scaling in Dtrader. The next 1-2 TD marks a cycle turn, me thinks a HIGH.I am down on the meager QQQ Put position -- QQQ was somewhat lagging the rest of the market for most of the day then rose in the afternoon. I preferred to let it ride over the weekend and then try to buy a few puts on Monday and rest of next week.
Small VXX position is down and TLT is surprisingly profitable, not much but a pleasant surprise. NQ was the star of the week for me, one of the best NQ week for 2019.
