ES Journal - 2019/2020

[syswizard]

Wow....what an afternoon session!!
And what a miserable fail at that previous ES high of 3220's!!

Yep, and what a bearish "inverted hammer" candlestick pattern was painted today.

 

[syswizard]

Look at all of these stupid, crazy traders losing money in Tesla.
https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla

 

[SPYgrain]

support line: 1 hr chart

 

[Overnight]

The question is...

What happens when you combine a hawkish Fed Kaplan (who says bond-buying will slow or stop as economy improves) with California re-imposing restrictions on life, at NQ's all-time high?

Why, a steady drop of 500 NQ points since that verbal diarrhea!

 

[Buy1Sell2]

Looks like financials are gathering strength again this afternoon in front of earnings. I expect financials to lead the way to new ATHs.

Financials stayed strong this afternoon in spite of Gavin Newsom's idiotic shutdown today. I continue to look for financials to roar shortly.

 

[vanzandt]

Higher and Higher---

What's that, the tally on new Covid cases sweeping the nation?

You said it would be over in April. Its the middle of July.
You said the heat of summer would kill it. It's 105 in Tuscon and they are out of hospital beds.
Reality is setting in as back-to school approaches. Just like I said it would.
Huge economic hit. CA alone by GDP is the 5th largest nation in the world.

Time to redraw some lines on the chart.
I'll look at it later.

 

[vanzandt]

Financials stayed strong this afternoon in spite of Gavin Newsom's idiotic shutdown today. I continue to look for financials to roar shortly.

FALSE

The XLF dropped 1.7% from its highs to the close. The DOW dropped about 1.8% from its highs to the close.

 

[Buy1Sell2]

Financials stayed strong this afternoon in spite of Gavin Newsom's idiotic shutdown today. I continue to look for financials to roar shortly.

FALSE

The XLF dropped 1.7% from its highs to the close. The DOW dropped about 1.8% from its highs to the close.

Let's get real Spooz------SP down .94% today. ------XLF up .43% today

 

[Buy1Sell2]

What's that, the tally on new Covid cases sweeping the nation?

You said it would be over in April. Its the middle of July.
You said the heat of summer would kill it. It's 105 in Tuscon and they are out of hospital beds.
Reality is setting in as back-to school approaches. Just like I said it would.
Huge economic hit. CA alone by GDP is the 5th largest nation in the world.

Time to redraw some lines on the chart.
I'll look at it later.

Gummint response did not stop in mid April when the pandemic itself ended.

 

[vanzandt]

Let's get real Spooz------SP down .94% today. XLF up .43% today

You said "they stayed strong this afternoon". They matched the performance of the Dow when the news broke.
Financials are weighted at nearly 35% of the Dow.
Goldman, Visa, JP Morgan, American Express, Travelers...
Get a textbook and start reading.