Posted about probable trend day yesterday. The market didn't disappoint...so far.  Trend days are actually very common the day after the Fed. 

I take that back, it's actually correct - the stop was off the scale on my chart so I wasn't seeing it

the stops have 3 different average true range calculations - the system hands off to these different ATR's like a runner handing off the baton to the next runner - that's what happened here, the faster ATR handed off the a wider ATR

Yes FCX has that W look to it

no it should be 78.93, here's image showing the 3 UPRO charts, actually the one with the tightest stop is the 130 min LOL

FCX is very tempting but

Posted by bthefnd on 19th of Sep 2024 at 11:53 am

FCX is very tempting but it's coming into overhead supply and a channel line about 3% overhead (less than a day's move for this sucker)

PYPL Updated View

Posted by steve on 19th of Sep 2024 at 11:53 am

PYPL - Chart Link - tremendous swing from July 

COIN coming into some overhead

Posted by bthefnd on 19th of Sep 2024 at 11:49 am

COIN coming into some overhead MA's, a supply zone and the top end of the downward trending channel. I show a confirmed wave 3 on 1 hr after breaking through red cycle indicator.  Lots of ways to draw the down trend channel, but I'm going to consider it broken if it break above the 21 day SMA (currently touching the underside, so it's close) 

FWRD walking higher, GERN trying

Posted by matt on 19th of Sep 2024 at 11:43 am

PALL nice recovery

Posted by matt on 19th of Sep 2024 at 11:42 am

PALL - Chart Link- nice recovery, like I said yesterday, just needed a mean reversion pullback to work out of that overbought being outside upper BB's for 5 consec days, however the longer term chart looks good

PALL - Chart Link- weekly chart, potentially could start a long term uptrend 

ARQT

Posted by steve on 19th of Sep 2024 at 11:41 am

Dow Volatility long ended up working out

Posted by matt on 19th of Sep 2024 at 11:37 am

Dow Volatility system went long yesterday, ended up being a good entry

Also looks like IBM volatility system is looking for a long entry today

man I was sure I posted this here yesterday but I don't see it.  I showed it to Steve so maybe I forgot to post there as well, oh well

UPRO 78 actually dropped from $78.93 to $69.95 which seems like a lot on a spiking day like today. 

MSTR up 10.25% Not sure if

Posted by bthefnd on 19th of Sep 2024 at 11:30 am

MSTR up 10.25%

Not sure if I'm looking at it right but I show 70 ish% to potential target (rotating back to the top of the range). 

Is the UPRO 78 min

Posted by bulf6285 on 19th of Sep 2024 at 11:26 am

Is the UPRO 78 min KISS stop notification that went out correct?  Odd that it dropped by a few dollars rather than trail up on this move. Just checking, thanks

SGMO

Posted by steve on 19th of Sep 2024 at 11:25 am

This chart is amazing.  The

Only Fans

Posted by bthefnd on 19th of Sep 2024 at 11:21 am

This chart is amazing.  The suits at Mag 7 will see this and have one thought - we MUST reduce headcount ASAP.   AI provides the path. 

Shakeout probably coming, but when

Posted by bthefnd on 19th of Sep 2024 at 11:17 am

Shakeout probably coming, but when and how severe? I would be kind of shocked if not soon given the massive gains I'm sitting on today after essentially panic buying very low risk call calendar spreads yesterday that have exploded higher today. I got caught last year in late October thinking the Fed and the treasury wouldn't do the crazy thing. Well, that sucked but I damn sure wasn't going to get caught leaning twice - the Fed did the crazy thing yesterday and engaged the banana drive. But how many people, like me, were ready for it this time? The more that got caught leaning the wrong direction, the better (for me...and I was leaning both directions...just needed a decent size move). 

ha ha - we'd lose a bunch of subscribers - they would say 'sorry Matt, I prefer her presentation over yours   )

Only Fans

Posted by steve on 19th of Sep 2024 at 11:08 am

Highly Productive Revenues Per Employee - Blows Away the Tech Titans

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!