ALAB hod

matt is there more or less buy & sell signals with the spx daily kiss high performance versus the spx kiss table or about the same?

ES tested 5137 twice (held and bounced)

From contraction comes expansion - nice runner

GEV  daily   wish i had seen this earlier doh!

DELL - I was considering a long but WTF is up with the fundamentals?  

1. 35 PEG!

2. Declining Q/Q and annual sales (not just slower sales growth - negative growth) BUT EPS growth for the quarter is 90% and 35% annually. How does that work?

Something doesn't add up. Poster child for the market. Something doesn't feel right, but it's hard to put a finger on it.  In Dell's case, their largest customer is the Federal Gov (they are completely embedded into NMCI) but all the juice coming in from us taxpayers should show up in sales...

Seems like low volume day to?

yeah mine too!  i hope she doesnt read my post, lol.... another 10 yrs..

2nd that!

Hay don't talk about my wife like that. Ha Ha

Thx for the feed back

I don't trust your analysis for my work, Matt. Sorry. I only trust my own so any "preferred counts" are my own. I often look at your ideas, but all final analysis and trades I make are 100% my own and my full responsibility.

We happened to be mostly in agreement around the time I'm thinking of, but that's not always the case, and that's fine. And even then, your analysis had started to shift slightly before mine. 

And you would need to post exact examples I don't really know what you are referring to and  sounds like something from quite a while ago.  again I don't see the point - if we did have some preferred wave count at one time that didn't play out - so that means our current analysis or favored scenario should be taken with a grain of salt?  

regarding wave counts, there's always multiple counts - and comments like this is why we don't like to talk about wave counts that often because someone will remember something and throw it back at you later- remember when you said you favored this but it didn't happen?   It's like having a nagging wife that recalls what I said 10 years ago at dinner and is angry again about it LOL

To me focusing on or even putting mental energy into something that like is a waste  of time and doesn't help you or anyone. How many times does a trader look at a chart and see a possible bull flag, or falling wedge, and those patterns end up morphing into other patterns - does that mean that trader should not be trusted? No, it's not about having a crystal ball telling you exactly what is going to happen and being right all the time - no one knows. 

There's patterns and setups and many times those work and other times they may morph into something else and you adjust or don't take the trade - it's about identifying possible inflection points or where you might be able to get an objective trade setup with a tight stop

when analyzing the market you project, monitor, and adjust - it's always been that way and always will be

Mike Santoli's insight aptly depicts the current market: 3% inflation and 4.5-5% yields aren't crippling for stocks. Concerns of a summer decline like last year aren't identical; the economy is more resilient, and the Fed is considering cuts. Market in a trading range for now.

Long Overdue

Football fans- CBS looking for new  broadcast team - they just fired Phil Simms & Boomer Esiason

Some of you guys might have forgotten about the preferred wave count getting completely blown out of the water last year, but I will probably be thinking about that one for many years.  Lesson learned but it's still a bit raw.  The mistake, again, was underestimating the money printing. 

GERN - Chart Link

I agree....as long as they keep printing like this, the crash risk is to the upside...and they haven't even mentioned that they are concerned so we have to expect it will continue.  I think there's a higher than average potential that the wave count gets blown out again like it did last year. Any move down is fighting against MASSIVE global stimulus levels and the entire globe essentially panicking into whatever assets they can find that seem likely to hold up to the money printing onslaught.  

I am licensed, but I'm not any of your financial advisor (no contract)  Plus, FA's don't have an edge, per say. Maybe if I was a CFA instead of a CFP, but it's still incredibly complicated to figure out economics and markets and even the best of the best get some calls wrong.

Digi - if the SPX and QQQ's go through that wave C down once this B wave bounce is over (assuming that's what it is) and Bitcoin follows suit and falls to the low 50K range, I think it will be heck of a buy there and a place you could consider loading or buying back what you sold (I'm not likened so I can't give advice, that's just what I'd be doing personally, you do what fits you,), of course along with the indexes again