Anything Can Happen™

Discussion in 'Journals' started by Gaslight Capital, Nov 17, 2020.

  1. 3 out of 4 ain't bad money ...

    small caps looking very weak ...parabolic wedge had been threatening to com undone for weeks but then they always take another snort of coke and go crazy high again. We will see, we will see ...

    upload_2020-12-28_15-38-46.png
     
    #321     Dec 28, 2020
  2. Overnight

    Overnight

    Speaking of small caps looking weak, not sure if you noticed the phenomena that happened between the NDX and NASDAQ this year.

    Before the pandemic crunch starting in February, the NASDAQ was always ~200 points higher than the NDX, on average.

    Sometime during the major March drop, they flipped and the NDX was ~200 points higher than the NASDAQ, on average. Through the pandemic, the two seemed to maintain that spread. We can assume it was because as everyone piled into the big tech names, people were fleeing the smaller-cap technames, the mom-and-pops, etc.

    Over the past two weeks they have flipped once again, finally (and rather quickly), with the NASDAQ once again higher by ~50-100 points. (One can only assume because of the progress on the promise of the PPP and more stimulus checks.)

    I haven't ever looked at the correlation between the Russel and ES, but thought maybe the NDX/NASDAQ correlation in price could give you another angle to look at.
     
    #322     Dec 28, 2020
  3. Relentless

    Relentless

    Until it goes through a plane engine.

    In any case price is truth. Charts tell the story.
     
    #323     Dec 28, 2020
  4. She is not to be denied ... Looking for that $3740 and what happens next. Above there then $3826.75, it she sells there then some RTH back and fill, again, tomorrow while Globex will take her to heights she has never seen before.
    upload_2020-12-28_18-59-8.png
     
    #324     Dec 28, 2020
  5. RTY ...

    upload_2020-12-28_19-8-58.png

    If RTY follows through on a break and hold of today's low, I'll be shorting her.
     
    #325     Dec 28, 2020
    vanzandt likes this.
  6. That was 9:43 PM last night. Don't blame me - it's math. It's what computers do.

    upload_2020-12-28_19-11-12.png
     
    #326     Dec 28, 2020
  7. #327     Dec 28, 2020
  8. IF $AAPL breaks and holds $139 then $172 by January opex >>> scale outs at $146, $150, $158 ... flat at $172

    upload_2020-12-28_19-24-39.png
     
    #328     Dec 28, 2020
  9. upload_2020-12-28_20-1-40.png
     
    #329     Dec 28, 2020
  10. upload_2020-12-28_20-2-23.png
     
    #330     Dec 28, 2020