ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

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  1. Apparently the same can be said of most retail internet trading forum participants.

    The government is directing these PR's or at least allowing them to go out with the Trump Administration's blessing. There will never be a Covid-19 vaccine anymore than there will be a vaccine for the common cold or any of the family of coronaviruses. This pandemic will eventually go the way of all pandemics: It will burn itself out. The President of the United States has made decisions that will result in the virus's flames burning here much longer than had been necessary. But it will just disappear one day.

    You should be far more interested in how important you find volume to be through research, study, observation, and testing. My own conclusions are that with respect to trading individual issues of common stock volume can provide significant useful information. With respect to the emini volume is much less useful. It can be telling at turning points (capitulation, churning), While I do not use volume profile myself, it seems to have some value. But when it comes to the emini, all that matters is price and sentiment (what's the news and how is the market reacting to that news). Price is always primary with respect t the emini.

    Going to be plenty more where that came from. Watch for the S&P 500 above $3233 or to fail there. Either way it will not likely hug that line for long without making a big move one way or the other.
     
    Last edited: Jul 15, 2020
    #26821     Jul 15, 2020
    Builder17 likes this.
  2. Spooz Top 2

    Spooz Top 2

    There always is..... :(
     
    #26822     Jul 15, 2020
  3. S&P at $4000? The Dow Jones at $40,000? How can that be?

    [​IMG]

    Meanwhile, ink is historically cheap.
     
    #26823     Jul 15, 2020
  4. ElCubano

    ElCubano

    What people? S007S :D
     
    #26824     Jul 15, 2020
    vanzandt likes this.
  5. vanzandt

    vanzandt

    [​IMG]
     
    #26825     Jul 15, 2020
    Spooz Top 2 and Gaslight Capital like this.
  6. "Who says money can't buy me love?" - Stevie Mnuchin

    [​IMG]
     
    #26826     Jul 15, 2020
    vanzandt likes this.
  7. Buy1Sell2

    Buy1Sell2

    Market has now entered parabolic up phase. Staying long here.
     
    #26827     Jul 15, 2020
  8. Stealing the move, part deux: Stock closed at $7.31. PR at 6AM Eastern. High of move thus far $29.49

    upload_2020-7-15_9-6-15.png
     
    #26828     Jul 15, 2020
  9. Buy1Sell2

    Buy1Sell2


    hmmm---maybe financials did lead the way higher yesterday. In my view, they will certainly lead us to ATHs.

    upload_2020-7-15_8-15-32.png
     
    #26829     Jul 15, 2020
  10. vanzandt

    vanzandt

    Read PNC's earnings report.
    XLF is a good short today at 24.30
     
    #26830     Jul 15, 2020
    BeautifulStranger likes this.
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