ES Journal - 2019/2020

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Overnight said:
Are you hitting your stops or your targets? Very hard for us to follow the game because you are neglecting bits like posting profit targets, and what you are reversing on. How about your own journal?
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Well, you know I flip, namely, going from Long to Short and vice versa. So considering the two following posts below, you can see I bought ("long") at 40.75 and sold short ("short") at 44.50, netting 3.75 points in profit.

My own journal? Nobody would read it. :D

schizo said:
Long 40.75

SL 38.50
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schizo said:
Short 44.50

SL 45.75
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Going long. Agreed with some that price likely will go up to 2750 before 2400. Retest low, if any, will be around earning seasons in a few weeks.
 
schizo said:
Well, you know I flip, namely, going from Long to Short and vice versa. So considering the two following posts below, you can see I bought ("long") at 40.75 and sold short ("short") at 44.50, netting 3.75 points in profit.

My own journal? Nobody would read it. :D
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With no charts posted, we'll take your word for it.
 
NQurious said:
Closed above last week's high. If it were going to test belwo last week's low it would have done so today and then reversed up, imo. This is going all the way HWB at this point, a possibly higher, imo.

Anything can happen. But the close above last week's high is a pretty reliably bullish development. This market had every reason to collapse this week, and instead it was bid from the globex open and there was institutional size being trades today. Now, that institution may have been the US Federal reserve and/or the US Treasury (or its agents, aka, the banks).

Anything can happen. But I'd be surprised to see 2400 anytime before we wee 2780 - 2950 cash.
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Always appreciate your perspective NQurious..how far down relative to Fri low do you think it needs to test before resumption of uptrend..?..5% down is close to HWB..

as you say, anything possible - was wondering if we open up volatility and have a large (200-300 pt) day in store like Mar 12, 13 16..maybe down hard, then reverse..
 
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Anythings possible but i'd be shocked to see 2950 4 weeks into the greatest black swan in history. This will drag out on and off till a vaccines distributed world wide at the earliest 18 months. The economy going forward will be much different and much lower growth as people save more. Stocks buybacks will be considered evil going forward and thats responsible for 75% of the mkt rise the past 3 yrs. P/e's will come down substantially on normalized earnings. Huge gov't debt will constrain spending. Stocks could go thru yrs of stagnation like Japan.
 
Buy1Sell2 said:
Certainly was. Staying long here.
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Hi B1.
You took me off ignore lol, I knew you would eventually. Whatever on that.

Ya know B1... you have no idea how much I want you 2b right regarding this stuff. If you were ever right about anything.... I would torch and tag the gates of hell for you to be right on Corona. I reeeeally hope you are.

Anyway, Lowes missed my $83.60 by $0.40. Need to sharpen that mp. Although it was pretty damn close. Note... It closed at $89.

ahhh... tough to pat oneself on the back when the tide rose an equivalent %. (almost)

We need a good pullback. I like Lowes....
 
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hafez50 said:
Anythings possible but i'd be shocked to see 2950 4 weeks into the greatest black swan in history. This will drag out on and off till a vaccines distributed world wide at the earliest 18 months. The economy going forward will be much different and much lower growth as people save more. Stocks buybacks will be considered evil going forward and thats responsible for 75% of the mkt rise the past 3 yrs. P/e's will come down substantially on normalized earnings. Huge gov't debt will constrain spending. Stocks could go thru yrs of stagnation like Japan.
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50% retracement is 2785. We might see 2850 if we're lucky. But my gut feeling is that we trip and fall tomorrow and back down we go.
 
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