Bummer I got stopped out of CLSK yesterday (the STS survived by like $.07). But I still have MARA, MSTR and BITO. 

MSTR hod 

Thanks Kab....very nice!

Crypto going crazy. I'm getting crazy FOMO calls from people that normally don't have a strong opinion.  

Just now: 25% allocation to IBIT. No stop. Market order. NOW.

Ok...your call   

Probably close to a near term top, but we'll see. 

Nice!

$SPX - Chart Link - break of structure forms a demand zone 

For those who use TradingView, did you know there is an indicator called Gap Detector? Very cool! 

Up $2 bucks or so since this post.  But it's a 38 dollar stock so I'm not letting go for anything less than +20. Lol. 

I'm not a breakout trader (the odds typically favor the fade). I don't like the R structure most of the time....although it definitely works for some people. Also, I dabble around the edges, but medium term moves in the large indexes is my primary game. To each his own. My style is a little problematic in this environment...it will change eventually (I think?). For example, after a trigger in the daily STS systems my trading plan is to look for an entry on the 1hr time frame (especially if it's a breakout trade...I don't like playing those and would rather enter on first pullback). That's all good unless there's not an objective pullback on the 1 hour times frame. Historically, I should just be patient and not change a strategy that is proven over time, but it does "feel different" sometimes and leads to self doubt. Part of the game.

In this currency dilution environment, I think I definitely need to accept that sideways in time might be the new pullback. The're just too much capital chasing too few assets and people are panicking in at any sign of weakness. 

If you can't find pullbacks to buy, buy breakouts instead. There have been plenty of those lately. Some examples - CAKE (Monday), ERJ (yesterday), CLS (today). And some strong stocks that I have been swinging in and out around my core position on pullbacks are AEYE and ALAR. Want a good pullback buy today? How about SIMO? There are plenty of opportunities out there in a bull market. 

Blew away the 50 MA

GME - slippery little sucker! It's easier to buy options. Double bonus  - if you go out 9 days and up to the 100 strike and above, the calls spreads are only a penny wide. Normal.  Freaking JPOW dropping the ball by not giving this market the liquidity it needs. Liz Warren was right! 

STS stops jumping way up on SPX and QQQ

thx, anything in that old FAQ is old, 10 years plus, needs updating

GME 15 min - might be about to launch again after working through an ABC. Could be a double by tomorrow if it just gets close to recent highs. I mean, it could double by the end of the day but time symmetry suggests it would take a whole day or so.  I'm in Vegas. This feels right. 

long story short ... it cost more and will cost more ...... like pretty much everything else ...  but  if we exclude all inflationary components out of the inflation calculation ...  it's pretty good ...        

Same issue. Cannot watch it on either Desktop Safari/ Chrome or  iPhone Safari either.

Interesting. Thanks. That doesn't really support a longer term breakout...unless I just default to the currency dilution causing higher prices theory.  Broken record at this point but it explains the overall action well, for the most part. 

FAQ video link not working

I am reviewing the FAQ (again) and get to this question with a link to a video.  I click the link to the video and I get the following message: 

The Camtasia Studio video content presented here requires JavaScript to be enabled and the latest version of the Macromedia Flash Player. If you are you using a browser with JavaScript disabled please enable it now. Otherwise, please update your version of the free Flash Player by downloading here.

I click on the link to download the Flash Player and the Adobe webpages states that the Flash Player is no longer supported:

Adobe URL: https://www.adobe.com/products/flashplayer/end-of-life.html

I do recall this Flash Player being EOL some time ago because of security issues.

Am I missing something?

I think the big price increase since last year are tied to a disease affecting the trees .... but the recent spike is probably due to the flooding in brazil I would think