3309 Drysdale Ct
Edwardsville, IL 62025
ES 35 points off resistance thus far
$NYMO approaching down trend line. Bearesh div of SPX to
Lower highs on $Nymo consistently occurred before market pull backs
Tom McCellan wrote an article in Jan 2020 regarding watching the
declining lower highs trend line as bearesh. $Nymo is now
approaching the TL. If it breaks through could be bullish
May fill the gap tomorrow am before the next up move or if the
stimulus bill is not passed - could see a deeper move down.
Or a deal is done before the open and see how the market reacts to
it (sell the news or buy the news), kind of like a Fed
ES pulling back from resistance below
Not yet but was told application submitted via fast track (BARDA
exemption) . The FDA also announced a new ruling last week
allowing for certain testing to occur immediately.
Approved by FDA yet?
Noticed that this was posted on their new dedicated
ES Resistance 2470-72
The irony is that my most profitable trade of the day was on
TQQQ April 17 $81 calls that I had stubbornly held onto and added
to over the past few weeks. They had dropped to 0.01 and I was able
to catch a bounce to 0.28 today. I know that sounds crazy, since
TQQQ closed at 43.56, but it worked. It worked for me because I
felt strongly that it would bounce before 4/17 and refused to sell
for less than 0.15. MATT and STEVE helped time my final sale.
Sure, if I had held and it pops again tomorrow, I left plenty of
money on the table, but as they say, pigs get slaughtered!
Sometimes luck and persistence with a plan is better than
LNC. up 31% today. Was my big trade of the day.
Bought in yesterday, as this great company was thrown
out with the bath water. The liquidation value of this stock
in around $30/share. Price dislocations create huge
opportunities. Also was a good day to unload a couple of
turds at break even.
$BPSPX - Chart Link that played out well,
last night I said you had the big trend short trade, and the two
whipsaw buy and sell signals and the next one would be decent, that
triggered basically on the open so that played. Nice that it
updates intra day vs after the close
You can see the times in the past when you had a trend move then
two back to backwhipsaws - highlighted those in yellow.
so whenever I get two whips in a row, then I knew to take the
CNBC discussing shortage on Tests currently
Stockcharts gerbils worn out from all the action
No too often you see ES up 200+ in a day. The rubber band
was stretched and relief rally commenced as some of the virus data
Cities (like NYC) and States etc are still coveting huge numbers
of test kits
Was this one of those “rip your face off” bear
market rallies you sometimes refer to? I guess so, best day
The question remains, “Will you still love me
tomorrow?” It ended right on the last high. I’m equally
hedged both ways, and will not be surprised if the market drifts
back down to -3100 then rallies when Congress finally seals the
deal. That is, unless this is a “ buy the rumor, sell the
news” sort of deal.
Thanks again to you and Steve, I made over 5k today, and almost
doubled my play money since this drop started!
and what are we paying them for??
Same definition of "Persistence" ;-)
Definition of insanity: Making the same mistakes over and over
and expecting different outcomes (in this case, the FED and the
$SPX - Chart Link - currently intra day
charts are not working on Stockchats.com for me
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