Looks like scary action to me. 

I suggested a lower risk entry at those DEMAND ZONES  holding above secondary lows to attack those highs - which unfolded on the back of AAPL and Monthly payrolls.

well for me personally I

KISS systems heads up

Posted by matt on 3rd of May 2024 at 12:26 pm

well for me personally I find it all fascinating. I'm a numbers and systems and statistics guy, I love seeing relationships, statistics etc

cognitive dissonance?  The two versions are not really saying the opposite thing where one is showing short and the other long. One is wanting to go back long now while the other one isn't yet.  The one that isn't yet has the superior long term trade history to the one that is looking to go back long today, but that doesn't mean that the one with superior long term stats is more right this time than the other, on a trade per trade basis one will have a better entry or exit than the other and they go back and forth

that's why I threw out the idea of if one is kind of one the fence: you could simply split the capital allocation for an S&P long between both of them, meaning you would go long 50% today.  Or, if you are one who wants to only follow the version that has the best stats in the long term you would wait. 

I keep using the word fascinating, but I did find it all interesting all the nuances one has to consider, statistics, emotions etc  

If we choose the left,

KISS systems heads up

Posted by DigiNomad on 3rd of May 2024 at 12:22 pm

If we choose the left, will you keep us notified intraday on a potential long trigger? 

any thoughts on FUBO @

Posted by bigg on 3rd of May 2024 at 12:19 pm

any thoughts on FUBO @ 1.40 stop 1.20

Thank you, Matt. That is

KISS systems heads up

Posted by mdgfain on 3rd of May 2024 at 12:18 pm

Thank you, Matt. That is exactly the conflict. I appreciate you understanding the dilemma. There is cognitive dissonance with the two charts.  I “knew” that we were likely to pop up today but help half of my SQQQ anyway because if I sold it, I could not buy it back again for two days in my IRA. And if I bought TQQQ yesterday, I could not sell it until. Monday. I will be glad when the new 1day settlement rules kick in  in May 28, I think.!

KISS systems heads up

Posted by matt on 3rd of May 2024 at 12:15 pm

Interesting the SPX, SPY, QQQ may go long on the KISS systems from the default STS tables

here's an image, the one on the right is the same as the ones in the STS tables, notice the vertical line showing a buy. 

the one on the left is the custom one we show in the newsletters (better long term stats) does not show a long).

anyway heads up:

which one is best here? who knows, if the lows are in and we go back to new highs well then the KISS table version on the right will be better this time. If we still form some sort of lower high after a deep retretracement rally, then the one on the left might be best

options: One can choose to follow the version with the best long term stats, that's the one on the left. Or one could split them - whatever your SPY SPX allocation is, go long 1/2 based on the website KISS version and the other half when the custom one goes long

again that's what makes trading complicated - the various choices and emotions and trading styles

Thanks, mastermind. 

My rally signal was when JPOW and Janet confirmed monetizing the debt and bailing out JPY.  Money printing bonanza. 

AAPL   --perfect target 

Posted by Glad on 3rd of May 2024 at 12:07 pm

AAPL   --perfect target 

Very likely IBD follow-through day

Posted by mastermind on 3rd of May 2024 at 12:05 pm

Very likely IBD follow-through day today, confirming a rally.

COST

COST

Posted by mla127 on 3rd of May 2024 at 12:04 pm

COST

To clarify, I still own some SQQQ. I trimmed it yesterday, but have not sold all of that because I believe we still need to set a lower high because of the break in symmetry that has been discussed extensively. So, if we are in for another short bull run of at least 2 days, I can sell my SQQQs or buy some TQQQ to hedge short term, but I am expecting that we need to reverse lower due to the symmetry break. Thanks, and I apologize for being so needy, but I am still confused. 

it is not a coincidence

Posted by morton7 on 3rd of May 2024 at 11:54 am

it is not a coincidence i sold all of my BA shs

SDIV - here's a fun

Posted by foody518 on 3rd of May 2024 at 11:54 am

SDIV - here's a fun idea with EEM starting to move. 11% annualized dividend, paid out monthly 

Thank you, Steve. I have reviewed your posts. Sometimes I don’t understand your lingo. I don’t know exactly what run the recent highs means.   That’s not meant as a criticism but that the communication is not clear to me. So, we ran through the recent highs and tagged the 50 MA on the 2 hour chart below.  I see 5 waves to accomplish that. Are you suggesting that since we broke the pennant ( which was under lied in the newsletter, we should be in for more of a sustained bullish run?  I can not  day trade in my  IRA account, so I need to be willing to commit for 2days when I buy.  Thanks for clarifying. I am not trying to be difficult or insulting. Sometimes I just do not understand your meaning. 

UNG - Broke out above

Posted by EdZ on 3rd of May 2024 at 11:36 am

UNG - Broke out above 50dma

UNG - Broke out above

Posted by EdZ on 3rd of May 2024 at 11:36 am

UNG - Broke out above 50dma

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