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Matt, on the ascending triangle

Posted by racerick on 31st of Mar 2020 at 08:48 am

Matt, on the ascending triangle you showed last might, looks like we bounced off  that 2580 lower line a little while ago. Do you figure that counts or do we need to do during live hours?                                                                                                                                                                                                                                                                                                                                                                                                                                                              

I missed one of my

Posted by racerick on 31st of Mar 2020 at 08:40 am

I missed one of my favorite patterns on Gold this am. Saw it dropping periodically, but was messing with ES so didn't have a chart open. As a trader the kind of setup you dream about. 20+ points in 2 hours.

Looks like SPX headed back

Posted by racerick on 30th of Mar 2020 at 03:14 pm

Looks like SPX headed back up to test the 20ma again. Will be interesting to see if it holds

Sincere condolences Steve

Administrative Note:

Posted by racerick on 30th of Mar 2020 at 10:15 am

Sincere condolences Steve

Not a bad looking H&S

Posted by racerick on 27th of Mar 2020 at 06:59 am

Not a bad looking H&S on ES futures with line at 2250ish on 5min. Added to short here with stop at 2270. Is a little support at 2438 but below that smooth sailing for a ways.

Almost at it's 62% retracement. Commercials aren't very short however.

If we're going to get

Posted by racerick on 23rd of Mar 2020 at 03:34 pm

If we're going to get an EOD ramp needs to get started, lol.

ROKU, nice bo over 80

Posted by racerick on 23rd of Mar 2020 at 10:13 am

ROKU, nice bo over 80 on 15min chart

We need a short covering

Posted by racerick on 23rd of Mar 2020 at 09:06 am

We need a short covering panic for a day or so.

Any news, this is a

ES only down 19 now

Posted by racerick on 23rd of Mar 2020 at 08:11 am

Any news, this is a 100pt spike in 15min

WORK, perfect bo over 15min

Posted by racerick on 19th of Mar 2020 at 11:16 am

WORK, perfect bo over 15min trendline, broke above, came back and retested and now has taken off

Can't ever remember seeing this

Posted by racerick on 19th of Mar 2020 at 03:10 am

Can't ever remember seeing this - Oil trading at 23.67 and ES futures at 2367.  Not sure why when I posted this, it moved chart I had posted in earlier post up to this one. Weird

LOL, was listening to newsletter, just saw this. Went long at about top of your last candle on your updated chart around 1am here at 2293.75.  Just moved my stop up to 2290. Will see if it get's any legs.

Update  - 2:20am - out at 2252, taking my points and going to bed. Got the regression line and 200 on 5min overhead here and it's been a long day. 

ROKU nice bounce this am

Posted by racerick on 18th of Mar 2020 at 10:03 am

ROKU nice bounce this am after showing some relative strength yesterday

NG futures, nice bounce so

Posted by racerick on 18th of Mar 2020 at 09:39 am

NG futures, nice bounce so far off lower support line at 1.61 ish

Coffee futures soaring this am.

Posted by racerick on 18th of Mar 2020 at 09:06 am

Coffee futures soaring this am.

Fun trading at nite

Benzinga

Posted by racerick on 17th of Mar 2020 at 09:49 am

Fun trading at nite

Went to store this am early with my wife. First time I've been in a couple of weeks. Lots of bare shelves at Sam's and Publix.

Any of you gold guys

Posted by racerick on 16th of Mar 2020 at 11:45 am

Any of you gold guys got a feel for Gold here? Caught just one futures contract at 1459 this morning coming off lows, not sure whether to take profits here, starting to pull back some, or hold it for a swing

For those interested in a

Posted by racerick on 16th of Mar 2020 at 11:24 am

For those interested in a longer term holding: ET - Energy Transfer has gotten slaughtered along with all the other oil and gas stocks. It is a pipeline compression company, which means they don't really care what the price of gas is, still got to be transported.  People still have to have Nat gas even if they are at home. Stock trading just under $6, pays $1.20 dividend and even better the  April 6 calls are trading over $1. Even if dividend evens up being cut some, it's still a huge return. Has had huge insider buying past few weeks.

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