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GDX

Posted by matt on 15th of May 2024 at 11:36 am

GDX - Chart Link- that pullback on the 60 min from the highs had a cup and handle look to it prior to today's breakout

GDX - Chart Link- daily

US Dollar

Posted by steve on 15th of May 2024 at 11:32 am

$USD - Chart Link20/50 MA squeeze playing out with downside pressure

MSTR 1400 first target achieved

Posted by steve on 15th of May 2024 at 11:31 am

MSTR 1400 first target achieved - this was discussed in audio comments last week

USO ... Nice rebound on

Posted by mla127 on 15th of May 2024 at 11:24 am

USO ... Nice rebound on oil after inventory report

BTC 2 hr - I'm seeing an inverse H&S with a broken neckline. Anyone have thoughts on the current wave count? I think all the "not QE" announced last week effectively canceled the correction....at least it looks that way.

Internals aren't great. VOLD slipped

Posted by DigiNomad on 15th of May 2024 at 10:50 am

Internals aren't great. VOLD slipped negative on NYSE about 15 minutes after the open and has stayed negative. NQ positive but slipping even with rising market.

Bloomberg early this morning before the CPI print had a good panel (I love Bloomberg when they are being econ nerds) and the one lady said the numbers coming through recently have had very clear signs of stagflation but the market essentially has it's fingers in its ears screaming la la la la la. She said this BEFORE the devastating miss on retail sales which the market completely shrugged off...as is normal. My view that inflation is all that matters. if it stays hot, revenues stay hot and the market stays hot. As long as the Gov is feeding the majors with contracts we're all good (the Gov has almost zero price sensitivity).

Powell will say he sees no stag and no flation because he tows the party line, but hot PPI and retail sales miss is telling a different story. Stagflation doesn't have to last a long time. It's very rare for a reason. Hard to say we aren't in it for the time being.

ES breakout system working out so far

Posted by matt on 15th of May 2024 at 10:49 am

so far working out, stop is still around 5262 that is now ABOVE entry!

that stop is about 0.7%

Posted by matt on 15th of May 2024 at 10:53 am

that stop is about 0.7% above the entry price. I mention that for folks who may have bought ETF's instead, so can use as a guide

the stop is 5262, you can also look at where approximately that would be on SPY or SSO or whatever you bought

Question, what is the suggested

Posted by piclez on 15th of May 2024 at 10:51 am

Question, what is the suggested stop for those breakout trades or other ES system trades? Thanks.

the stop is listed right

Posted by matt on 15th of May 2024 at 10:52 am

the stop is listed right in my post man

At the entry, before the

Posted by piclez on 15th of May 2024 at 10:54 am

At the entry, before the move the stop was what, 50 points, 100 points?

that was also discussed before,

Posted by matt on 15th of May 2024 at 10:58 am

that was also discussed before, was 5182, entry was around 5245

Thanks Matt! I missed that

Posted by piclez on 15th of May 2024 at 11:01 am

Thanks Matt! I missed that discussion then. So can I say the breakout trades should have around 60 points stop when I take those.

nah it's going to vary

Posted by matt on 15th of May 2024 at 11:04 am

nah it's going to vary - it's not a hard set number, I think the initial stop is below a PSAR or ATR, which will vary in price

the breakout system is the one system that uses a stop initially out of the mean reversion systems, the mean reversion systems do not use a stop at first, until you get a mean reversion bounce.

and I guess technically the breakout is not really a mean reversion system, I just have it with that mix. The breakout system has a ton of logic to it, one of the main things it uses for entry is the ADX with +DMI and -DMI - it looks for +DMI and ADX expansion

NVDA Updated

Posted by steve on 15th of May 2024 at 10:45 am

NVDA - Chart Link

BBIO Updated

Posted by steve on 15th of May 2024 at 10:36 am

BBIO - Chart Link - finally getting a better push - trim and trail

MU Updated View

Posted by steve on 15th of May 2024 at 10:26 am

MU - Chart Link

AMAT daily

Posted by morton7 on 15th of May 2024 at 10:12 am

AMAT daily

stockcharts.com

AMAT | SharpCharts | StockCharts.com

Create advanced interactive price charts for AMAT, with a wide variety of chart types, technical indicators, overlays, and annotation tools.

Following up on names

Posted by matt on 15th of May 2024 at 10:02 am

DSL - Chart Link- ex dividend yesterday, but price moving back up today

CEG - Chart Link- continues following through, trail stops up, it's had quite a move, perhaps a stop at yesterday's lows now

FE - Chart Link- been on the list for a few weeks, steady eddy move higher

BIIB - Chart Link- following through nicely! finally moving pretty good. Triggered about 2 weeks ago from that flag pattern

Short CNQ Updated

Posted by steve on 15th of May 2024 at 09:56 am

CNQ - Chart Link - crude oil still working lower

dell nice pop

Posted by morton7 on 15th of May 2024 at 09:53 am

dell nice pop

Positive research piece out....CPI aiding

Posted by shellson2 on 15th of May 2024 at 10:27 am

Positive research piece out....CPI aiding too obviously

Do you happen to have

Posted by DigiNomad on 15th of May 2024 at 10:37 am

Do you happen to have access to t he research piece on Dell? I wanted to get involved but the fundamentals scared me away....some things weren't adding up and it doesn't look great. Still interested for some reason....probably because I was a network engineer with NMCI and then in acquisitions with the Fed Gov. Dell is very very well positioned at the Gov trough.