Coronavirus Stock Market buy off.

[Ricboff]

some positives from today, yeah i was able to find a few @): USD didnt spike, no hard selling into the last 1/2 hour, high yield bonds didnt break down in the last half hour, vix gave way a bit in the last 15 minutes

as of now, ES futures action has seen Thursday's low not breached .....tomorow should be a spectacular day. Its a friday as well...... IF thursday's low is taken out tomorrow in cash hours ? careful, careful , careful....let the candle form and see it at 3:50pm, the VIX is over 30 again, can lead to longer daily candles

...came close to its 50 sma and held..day is young............WILD WILD WILD morning.......

the 50 sma is a magnet for traders, algos, grandmothers..

 

[Ricboff]

TSLA

6 mth daily. 8 ema

more ronbinhooders hit the ER than covid today, thankfully no casualities ...mostly facial injuires

to think , she nearly made the SPY...she still collecting govt subisidies? LMFAO................fuckin' crying !!!!!!!@)

 

[Ricboff]

SPY

6 mth daily 8 ema

DECREASING volume , its been about 10% pullback on the qqq's (the qqq's and Powell run The Show. Near its 50 sma, the 50 sma is a MUST MUST MUST watch .It cant lose it. Nothing gets too streched from its 8 ema, ...it has LOST its 8 ema

election yr, the nutter Trump CANNOT allow the SPY to collapse come Nov. The Fed balance sheet has DECREASED of late...not good. Powell runs the Show....send a text?

 

[Ricboff]

robinhooders goign all-in on the QQQ's .....love this shit!!!!!


[h=1]Triple-leveraged Nasdaq ETF lures record cash amid retail fervor[/h]
As the crowd of day traders rushed to buy the dip, a triple-leveraged ETF that tracks the Nasdaq 100 notched its best streak of inflows on record.
The US$7.8 billion ProShares UltraPro QQQ (TQQQ) exchange-traded fund attracted more than US$1.5 billion in the past eight days, the most for such a span since it began trading in 2010, according to data compiled by Bloomberg. Meanwhile, its non-leveraged peer Invesco QQQ Trust Series 1 (QQQ) saw US$4.8 billion in outflows last week -- the worst in more than 20 years.
Although the index faced a correction amid concerns over lofty valuations, faith in tech shares won’t be erased so easily among day traders who use leveraged products -- even as investors who are more likely to hold conventional ETFs take profits, according to Todd Rosenbluth at CFRA Research.
“Bullish sentiment toward growth and technology securities remains high, and TQQQ provides an aggressive approach to gaining short-term exposure,” said Rosenbluth, head of ETF and mutual fund research at CFRA
Despite TQQQ’s risks as a leveraged product, it’s become popular with day traders, who pushed volume to a record earlier this month, according to a report from Bloomberg Intelligence. The product is held by 24,000 Robinhood accounts, ranking 20th among ETFs.

“The new variable this year is the number of new, typically younger day traders who use many platforms, but are most visible on Robinhood,” Eric Balchunas, ETF analyst for Bloomberg Intelligence, wrote in the report. “These more aggressive traders prefer single-stock and 3x ETPs to vanilla ETFs or mutual funds, which are less risky.”
Day traders are likely drawn to TQQQ’s eye-popping returns. Before the Nasdaq dropped 5.2 per cent on Sept. 3, the product had returned more than 10,000 per cent since its creation. Even after the correction, its lifetime return is still 8,400 per cent


....................

the candles- the graphic depiction of investor sentiment

QQQ


6 mth daily, 8 ema

hangin' around. holding on to critical support, $270 (CLEARLY) -THREE-times tested and has held, of course the 50 sma is nearby (not on chart above). A loss of this level and danger danger. Still below the 8 ema with no buy candle at 3:50 pm.........any big event upcoming that can fuel or de-fuel on the short term? yupper...

this chap speaks Wed ..............what to do...what to do......

 

[Ricboff]

sector chart to monitor (stocks in said sector may run at a much higher rate than the etf of course)

IBB (bitotech)

6 mth daily, 8 ema

powerful day; 5 days of consolidation ending with a doji, making the move more powerful if the move is/was decisive-- it was . Higher vol, reclaims the 8 ema, gap-up, straight buying.THis would have been an easy buy if it closed above the $136 (resistance level of $135 is a huge level for two reasons; obvious level of resistance from the chart and the 50 SMA is at $135.70). Big day tomorrow, can she bust through said level ...chart looking good

 

[Ricboff]

putting this out there for those in energy equities/etf or of interest

yesterday some massive prints went off on a few energy stocks (again, these prints MUST legally be shown once the trade is completed, so these are DONE)

XOM- 2,500,000 shares at $36.72

APA - 10,00,000 shares at $11.61

also, huge action on VALE 5,000,000 @ $11.71 then 5,000,000 @ $11.74

 

[Ricboff]

interesting........futures not looking good and set for gap down


'ES- line in the sand : 3312. If things start to go the other way, this level needs to hold .note the ES broke the top of the box 3284 (posted a page ago), so if 3312 gets taken out this level liekly 'should hold'. as its now support. ......charts r healthy'







.

posted in August, markets in correction mode.

levels are levels .

ALL major indices have lost their 50 sma, 8 ema.

https://www.investing.com/indices/us-spx-500-futures-streaming-chart

click 1 D, then widecreen if ya like

yesterday was a valient late rally to try to hold the previous top of a box : 3284ish zone. It did. If the markets have more pressure to the downside 3215ish zone is a MASSIVE must hold level. Things cuold unravel if this is lost.

big spike in the USD yesterday= GAP UP!!!! sent the metals packing, SLV losing nearly 7%. USD, VIX rtwo charts to keep an eye

the candles presenting on the major indcices yesterday were NOT bearish. Again, below the 8 ema


october is around the corner and historically a very volatile month....buckle up

 

[Ricboff]

if anyone is wondering why slv, gld are laboring, have a look at UUP's chart, plot its 50 sma

tremendous battle on the qqq's , the close will be fun- trying to reclaim both its 8 ema AND 50 sma (its by far the best chart from the major indices)....

 

[Ricboff]

qqq: 8 ema rejected, 50 SMA rejected....VIOLENTLY so ....sea of red



SPY

6 mth daily

200 SMA

big day tomorrow , can she form a double bottom, OR does she lose Monday's low. IF she does, all eyes on the 200 sma, in time.......below 8 ema,. So any counter play on a bullish end-of-day candle is a play TO the 8 ema, then re-evaluate, imo

 

[PatsFan1283]

Might be risk off for a bit with this SCOTUS nomination taking precedence over more fiscal stimulus to keep market afloat.

 

[TheFalls]

getting killed on my metals and miners. and getting theta-d out of max profits on my oct puts. nov's are still holding up on IWO.
this will keep going for a bit. the robinhooders should get nervous soon enough to precipitate the drop...and then its up.

 

[Ricboff]

click 1D, then far right wide screen

hangin' on....lol...as previosly noted the 3215ish zone is just massive...gotta hold.......severely oversold.....if cant hold over the short term next two biggies are: 200 sma and 2981ish zone (another 7% slide, strong support here)

https://www.investing.com/indices/us-spx-500-futures-streaming-chart


anyway, showtime is cash hours tomorrow...

 

[Ricboff]

TF, soon enough? a few robinhooders landed at hospotal er's today...mostly facial lacerations...

historically, seasonality for Gold (of course, 2020 is an outlier for nearly everything...twilight zone shit);

https://charts.equityclock.com/gold-futures-gc-seasonal-chart



GLD

2 yr weekly

powerful uptrend



GLD

6 mth daily. 8 ema

8 ema is kaput, i am DEFINTELY looking to buy, . ....nothing gets too strehced from the 8 ema. $170 gap (only 2% from here)fill and reverse on a bullish candle is a sweet sweet sweet scenario..



UUP
(USD)

6 mth daily 8 ema

boom,.......... a culprit, so strongly correlated the past 2-3 mths.. Powell needs to take care of this , lol

 

[TheFalls]

GLD is setting up to blow. has to be at leat $2200 by year's end.

 

[Ricboff]

click 1D, then far right wide screen

hangin' on....lol...as previosly noted the 3215ish zone is just massive...gotta hold.......severely oversold.....if cant hold over the short term next two biggies are: 200 sma and 2981ish zone (another 7% slide, strong support here)

https://www.investing.com/indices/us-spx-500-futures-streaming-chart


anyway, showtime is cash hours tomorrow...

https://www.investing.com/indices/us-spx-500-futures-streaming-chart

click 1D, , widespread......could be basing........(very good 7:am candle on the hourly...)

 

[Ricboff]

(very good 7:am candle on the hourly...)

.............


i'll now call it a FANTASTIC hourly 7 am candle @)...done for the day . certianly going to see the candle print at 3:50. Right now its an inside candle . some WILD qqq prints a day ago, post later.

GLD- inside candle as well, so far, day is very very young

 

[Ricboff]

Whoa.... just one question.....were grandmothers buying today?

 

[Ricboff]

9/24 print

qqq- 1,200,000 shares at $267.81 ....a cool $321,372,000



qqq

6 mth daily, 8 ema

 

[Ricboff]

9/23

UUP

729,000 shares @ $25.49 and 4,300,000 shares @ $25.53


UUP (USD)

6 mth daily

C (Citigroup)

6 mth daily, 8 ema

9/24

3,200,000 shares @ $42.01

 

[Ricboff]

GLD

6 mth daily. 8 ema

inside candle, a break of the mother candle (thursday in either direction would be decisive in the short term); a break of the Thursday high and likely a test of the 8 ema.....a loss of the obvious support its at, and gap fills at #173, $170.75ish


agree with TF, dont think the party for Au is done..........(i'd be STUNNED if it lost $170, that would be very very bad)