ES Journal - 2019/2020

schizo · Nov 6, 2019

dangkevin said:
It was weird stock went up for a few seconds before heading down.

Probably stop-running. But then, are the HFTs that smart??

schizo · Nov 6, 2019

Heading towards the LOD at 55.

For those who are not in the know, I've created a daily HOD/LOD call log. You're welcome to pitch in...

https://www.elitetrader.com/et/threads/es-daily-hod-lod.337541/#post-4956986

Buy1Sell2 · Nov 6, 2019

Parabolic long in this fresh bull market continuing here while taking a midday break. Long Long Long is the way I intend to stay for the time being.

Rickshaw Man · Nov 6, 2019

Wonder how many stops got triggered during that micro dip.

Rickshaw Man · Nov 6, 2019

Not a bear in sight, every micro dip is bought hand over fist.

syswizard · Nov 6, 2019

schizo said:
Probably stop-running. But then, are the HFTs that smart??

Definitely stop-running....that short spike up lasted 2 seconds...and the move down lasted 10 minutes

imjohn · Nov 6, 2019

To me, hard to be bearish when the Fed is buying Treasury debt ($60B/month) into 2020 Q2, plus any signs of a recession will likely be met with further rate cuts/asset purchases.

But also, hard to be bullish when total market cap to GDP hovers around 145%, with GDP projected to slow in 2020 and beyond.

The anemic RTH ranges have allowed me more time to keep up with the greatest financial publication on the interwebs.

vanzandt · Nov 6, 2019

imjohn said:
But also, hard to be bullish when total market cap to GDP hovers around 145%, with GDP projected to slow in 2020 and beyond.

Shhhhh.
Nobody cares about that. :sneaky:

speedo · Nov 6, 2019

imjohn said:
To me, hard to be bearish when the Fed is buying Treasury debt ($60B/month) into 2020 Q2, plus any signs of a recession will likely be met with further rate cuts/asset purchases.

But also, hard to be bullish when total market cap to GDP hovers around 145%, with GDP projected to slow in 2020 and beyond.

The anemic RTH ranges have allowed me more time to keep up with the greatest financial publication on the interwebs.

Laissez Faire · Nov 6, 2019

Laissez Faire said:
Might see a pullback to the low 60s before we print new ATHs come Thursday or Friday, yes?

Gap from Friday closed.

Should see a close (4:00) below 73 today, but I'm betting we'll print 3100 by Friday.

EDIT: Current weekly range is 20,00 points. The last time we saw a weekly range of 20,00 points was at the end of 2017. So, something's gotta give, right?

The smallest weekly range so far in 2019 was 28,50 points in April.