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TRIN was over 2 earlier

Posted by timebandit on 25th of Sep 2020 at 04:08 pm

TRIN was over 2 earlier and hovered just below that until the slight dip in price at end of day. I am no TRIN expert, but that and HYG had me cautious.

IWM now diverging weaker. I need to run a few errands but put in a QQQ buy order at 261 on a whim in case we get weakness this afternoon to test yesteray's opening low.

SLV has two gaps just

Posted by timebandit on 25th of Sep 2020 at 09:59 am

SLV has two gaps just below. I'm wondering if it will want to fill those before reversing for another upleg. 200 ma is below the lower gap

The FXE short is looking like it could be a swing trade.

Look at this volume in

Posted by timebandit on 23rd of Sep 2020 at 03:13 pm

Look at this volume in UUP.  Wow!

It's pretty rare to have

Posted by timebandit on 23rd of Sep 2020 at 03:07 pm

It's pretty rare to have a one dollar candle in HYG. Talk about bearish engulfing. Still an hour to go, but man

I bought DOCU a couple

Posted by timebandit on 23rd of Sep 2020 at 10:32 am

I bought DOCU a couple of days ago when it exceeded the high of that black hammer. It's looking strong so far. Volume okay. DOCU chart

It was good to see

Some hedges into European close 

Posted by timebandit on 23rd of Sep 2020 at 10:10 am

It was good to see this post Steve just after I bought some TZA...

Ugh! I committed the cardinal

Posted by timebandit on 23rd of Sep 2020 at 09:14 am

Ugh! I committed the cardinal sin. Did not check when SFIX reports earnings. It was last night, and they missed badly.

Thanks. Wish I'd bought more...

SFIX, a short squeeze recommendation

Posted by timebandit on 22nd of Sep 2020 at 01:15 pm

SFIX, a short squeeze recommendation yesterday from Tom Bowley on Stockcharts is breaking out today. 40+% of float is short, supposedly. Needs to close above $30.

I shorted USO on the

Posted by timebandit on 21st of Sep 2020 at 12:26 pm

I shorted USO on the break down out of the wedge a couple of weeks ago. I wanted to reshort the bounce but got distracted last week by the moves in the overall market. I am hoping to get another opportunity, as I am not convinced that oil will rally higher. We'll see.

That chart gave a great look. And could probably draw the reverse  look on UUP, which today has moved above its 50 sma.

FXE broke down this morning.

Posted by timebandit on 21st of Sep 2020 at 11:32 am

FXE broke down this morning. Below line on chart from last week and below 50 sma. FXE chart

Nice look. Thanks. LABD ended up closing atop the support line. Tomorrow will be interesting for this ETF and the overall market.

Potential low-risk entry on LABD

Posted by timebandit on 16th of Sep 2020 at 09:50 am

Potential low-risk entry on LABD with tight stop below support line...

Yes, I'm in it as

PALL nice move

Posted by timebandit on 15th of Sep 2020 at 08:26 pm

Yes, I'm in it as well. Been patient this time...

For what it's worth (probably

Posted by timebandit on 15th of Sep 2020 at 10:48 am

For what it's worth (probably not much), DELL has been leading upturns in SPY by a minute or two this morning.

Nope. Looks like a false breakdown.

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