Shares to watch

Froddy

Froddy

Member
Messages
1,072
Froddy said:
S&P in a bullish vol squeeze (15 min chart) into the close … will it hold??
Click to expand...
Chaps,

I think today is a potentially significant day. The S&P buyers successfully fended off the sellers' attack upon yesterday's low - see 15 min chart below:

But this low was also the June 19 low - see daily chart below:

Could this now represent a significant support area?

And then there's the put:call ratio which is extraordinarily high, meaning that the crowd is way too short, and may soon have their heads ripped off:

And then we are also at the edge of a significant Fibonacci timing decision cluster - will we tank tomorrow, or rally hard? Who knows!

Crazy times ...
 
Last edited:
Wattie

Wattie

Member
Messages
8,640
Froddy said:
Chaps,

I think today is a potentially significant day. The S&P buyers successfully fended off the sellers' attack upon yesterday's low - see 15 min chart below:

But this low was also the June 19 low - see daily chart below:

Could this now represent a significant support area?

And then there's the put:call ratio which is extraordinarily high, meaning that the crowd is way too short, and may soon have their heads ripped off:

And then we are also at the edge of a significant Fibonacci timing decision cluster - will we tank tomorrow, or rally hard? Who knows!

Crazy times ...
Click to expand...
My view is that one thing and one thing only moved the markets today.

Trumps vague promises re a bailout/tax breaks blah blah blah.
Nonsense. It won’t contain the spread.

Never in world history has a "booming economy" needed bailouts, suppressed rates, ( a President calling for negative), increasing REPO operations, quantitative easing, and Collapsing yield curve.

Short term trading -extremely volatile.
Long term is a huge decline.

(Italy yesterday suspended mortgage payments across the country!)
 
Hawk13

Hawk13

Member
Messages
1,471
Wattie said:
I’d expect GBP to fall if more in govt are confirmed infected.
Destabilizing.

Greater Fools.

"Dead Bat Bounce" Dies - Dow Futs Down Over 500 Pts, Treasury Yields Are Tumbling | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

I’d expect GBP to fall if more in govt are confirmed infected.
Destabilizing.
Click to expand...

Interest rate cut today followed by budget will be interesting.

Need to remember that, for most, contracting CV19 does not mean you can't work.
 
Contigo

Contigo

Sponsor
Messages
18,376
Mark Carney explained it by saying that UK Households and businesses will be helped by this rate cut. I don't see how it will help much in all honesty.
 
Wattie

Wattie

Member
Messages
8,640
Contigo said:
Mark Carney explained it by saying that UK Households and businesses will be helped by this rate cut. I don't see how it will help much in all honesty.
Click to expand...
Well he’s not gonna sayit won’t be effective Is he!
Welcome back C, good you and the fam are all well.
 
Wattie

Wattie

Member
Messages
8,640
We’re gonna need more Ponzi.....banks asked for over $220 billion yesterday......got a lot less!
Today could be even more....

Deteriorating.66610
 
Wattie

Wattie

Member
Messages
8,640
PaaAaaaaaaaaaaaaAaaaaaaaniiiiiiiiiiiiiiiiic!
******
Get out of equities

$223billion requested from Ponzi banks yesterday, how much today.....?
 
Froddy

Froddy

Member
Messages
1,072
Wattie said:
PaaAaaaaaaaaaaaaAaaaaaaaniiiiiiiiiiiiiiiiic!
**
Get out of equities

$223billion requested from Ponzi banks yesterday, how much today.....?
Click to expand...
I just wish we could break out of this consolidation range - it's becoming expensive for my directional options! Looks like they're going to test the S&P lows again today. If they don't break support, the market may soon (temporarily) run out of sellers ...
 
You must log in or register to reply here.