Posted by fibbtrader on 9th of Oct 2019 at 02:12 pm
Price action is still bearish. All rallies are just noise and
CNBC will try to pin each move with a headline. No one sees this a
normal retraction of markets. Folks have only one thig in
mind..markets have to keep going up forever and never should even
pullback. We are up 350% since 09 lows and up 16% ytd. Irrational
exuberance imo.
Posted by fibbtrader on 4th of Oct 2019 at 05:33 pm
Also notice Transports to Dow jones All indicies are just 2 or
3% from all time highs but ITR trading close to Aug lows. Markets
are very good at sucking people into it at the extremes. Make
people buy at the top and short in the hole.
Posted by fibbtrader on 4th of Oct 2019 at 04:34 pm
You are correct. There was huge disconnect in the market and my
guess is todays move was just a dead cat bounce. Bonds rallied,
yieds dropped, yet xlf and kbe traded up. Oil went down after
initial pop, yet XOM closed up. Summation index was -1311
compared to yesterdays -1265. With the move today, I would
have expected Summation Index to have turned more positive. I
would expect us to probably retest the lows we made last week and
probably test SPX 200DMA.
Posted by fibbtrader on 9th of Sep 2019 at 05:50 pm
Good trades. The only thing that I had issue was at one time one
of the systems gave a short signal. But that short was ignored. How
do you decide which signals to take and which one to ignore? I
thought as a systems trade one would take every trade a system
would trigger?
The community is delayed by three days for non registered users.
Here comes 200DMA in SPX,
Posted by fibbtrader on 9th of Oct 2019 at 07:40 pm
Here comes 200DMA in SPX,
Price action is still bearish.
How is everyone feeling about the lovely bounce today. Was ...
Posted by fibbtrader on 9th of Oct 2019 at 02:12 pm
Price action is still bearish. All rallies are just noise and CNBC will try to pin each move with a headline. No one sees this a normal retraction of markets. Folks have only one thig in mind..markets have to keep going up forever and never should even pullback. We are up 350% since 09 lows and up 16% ytd. Irrational exuberance imo.
WW ..nice short pattern
Posted by fibbtrader on 9th of Oct 2019 at 09:48 am
WW ..nice short pattern
Feels like a bull trap....
Posted by fibbtrader on 9th of Oct 2019 at 09:42 am
Feels like a bull trap....
GTHX, LB, CHWY, CREE, FE,
Posted by fibbtrader on 9th of Oct 2019 at 09:36 am
GTHX, LB, CHWY, CREE, FE, WW bearish
look at HA..bull flag break
Posted by fibbtrader on 9th of Oct 2019 at 09:36 am
look at HA..bull flag break
Also notice Transports to Dow
Question to the group. I am little puzzled in the ...
Posted by fibbtrader on 4th of Oct 2019 at 05:33 pm
Also notice Transports to Dow jones All indicies are just 2 or 3% from all time highs but ITR trading close to Aug lows. Markets are very good at sucking people into it at the extremes. Make people buy at the top and short in the hole.
You are correct. There was
Question to the group. I am little puzzled in the ...
Posted by fibbtrader on 4th of Oct 2019 at 04:34 pm
You are correct. There was huge disconnect in the market and my guess is todays move was just a dead cat bounce. Bonds rallied, yieds dropped, yet xlf and kbe traded up. Oil went down after initial pop, yet XOM closed up. Summation index was -1311 compared to yesterdays -1265. With the move today, I would have expected Summation Index to have turned more positive. I would expect us to probably retest the lows we made last week and probably test SPX 200DMA.
Low risk short entry area..ES
Posted by fibbtrader on 4th of Oct 2019 at 02:17 pm
Low risk short entry area..ES at 61.8 Fibb level. risk 1 to make 10
Would have expected TRIN to
Posted by fibbtrader on 2nd of Oct 2019 at 11:25 am
Would have expected TRIN to be above 2 in this weak tap..but its only 1.04.
A 1.4 on a Put/call
Posted by fibbtrader on 2nd of Oct 2019 at 10:48 am
A 1.4 on a Put/call ratio will setup for a nice bounce tomorrow.
in a weak tape, Roku
Posted by fibbtrader on 2nd of Oct 2019 at 10:43 am
in a weak tape, Roku makes intraday highs
ROKU..green on a bearish day
Posted by fibbtrader on 2nd of Oct 2019 at 09:46 am
ROKU..green on a bearish day
SNAP tgt 18.20
Posted by fibbtrader on 23rd of Sep 2019 at 11:00 am
SNAP tgt 18.20
SNAP nice break
Posted by fibbtrader on 23rd of Sep 2019 at 10:59 am
SNAP nice break
Good trades. The only thing
Posted by fibbtrader on 9th of Sep 2019 at 05:50 pm
Good trades. The only thing that I had issue was at one time one of the systems gave a short signal. But that short was ignored. How do you decide which signals to take and which one to ignore? I thought as a systems trade one would take every trade a system would trigger?
Im expecting lower move.
Any thoughts on getting positioned for next week ?
Posted by fibbtrader on 30th of Aug 2019 at 03:42 pm
Im expecting lower move.