ES Journal - 2019/2020

[SPYgrain]

now closed gap from Mon..

 

[mm2mm]

might be going to 2750

 

[mm2mm]

or it pulls up today

 

[NQurious]

NQ going down to 7230 this week, and 7192 probably on deck as well ... relentless.

 

[speedo]

 

[maximumpossiblesuffering]

I like ranges and I like trends
I like trading
....it never ends.
One day up
One day down
Short all night
(Paint drys slow)
Get stopped out.
Then down we go.

B1 is short.
...But life is "long".
Izzy right?
Or is he wrong?
No clue here.
Just use a stop.
The downtrends on.
VZ
-fullstop.

Although the Fed is dovish and we are in the third year of a US Presidential elections cycle, I am getting nervous about the long side. Some political uncertainty has been removed as well with the Mueller investigation drawing to a close. US Treasury bonds yields are at multimonth lows which could be seen as a sign of easing and or a weakening economy. Trade tariffs and trade agreement uncertainty may be increasingly weighing on economic performance.

Several economic indicators are becoming increasingly bearish. Attached below are a chart from Bloomberg on maritime industry Dry Baltic Index, DAT US Trucking metrics, and a CME chart of Palladium. The yield curve is a bit inverted as well. Of note, it looks like economically sensitive palladium has finally topped with its huge down day today.

https://www.bloomberg.com/quote/BDIY:IND

https://www.dat.com/industry-trends/trendlines

https://www.cmegroup.com/apps/cmegr...ium_&type=p&exchangeCode=XNYM&dataWidget=true

 

[Buy1Sell2]

Shorting all rallies.

 

[speedo]

Trading all rallies and corrections...also plunges and corrections.

 

[Buy1Sell2]

We've got a little bounce here at support level. It should get sold off very shortly. Classic bear marketing activity.

 

[Buy1Sell2]

I anticipate a cash closing below 2785 today.