This is currently only on the Admin view, but we'll add it in
for everyone tomorrow - a new column on the right that shows the
last trade %G/L. Not bad trades there
We had a perfect 1:1 abc move up and and the S&P 500
fell
110 pointsfrom 5123 to 5011 and was a great
short- as did most instruments - that played out. So that
statement was correct, after an abc or 1:1 move we get a deep
retracement - I don't know what is confusing about that. We warned
to be on a lookout after that abc move and a 110 point move down on
the S&P 500 is pretty large
I Never said or confirmed that the ABC high at 5123 was the high
and that we were going to a new lows - if this is a larger wave 4,
it should take a few months to play out, not go down and make a new
low and be over so quickly - the last wave 4 in the fall last 3
months - this correction has only been about 1 month long. Time
symmetry
I was more favoring that move up to 5123 as abc of A, and a deep
B retracement
but a higher low(not a new low), then another C up. The
bullish view is that we just go back to the highs.
again -this is why we don't like to put these counts out often
because guys take them and hold you accountable, even if they don't
understand it or interpreted it correctly.
focus and know your levels (demand/support and supply/resistance
zones and triggers
Posted by DigiNomad on 2nd of May 2024 at 06:17 pm
These posts probably confuse some people. I personally was still
considering that it could be a wave 4 of 5 of some sort (which
appears more plausible now)
Posted by DigiNomad on 2nd of May 2024 at 06:03 pm
NFP - not sure why people still pay attention to or trust this
number. They allow counting illegal immigrants as new hires
but don't allow counting them on the reduction side or in the
unemployed and/or laid off numbers. To say it's rigged is kind of
an understatement. Silly.
$SPX - Chart Link- we had that perfect 3 wave
move up - the bearish view would be a completed ABC. That said, I
have not favored that and price would have to dump from here
immediately.
the other option I've been favoring is that 3 wave up move was
abc of A, with the deep pullback higher low wave B, and now we go
up in wave C to the 61.8% Fib or higher
the super bullish count in green would have the first move up in
a nested 1/2, 1/2, and we'd go up in a wave 3 and go to new
highs
Posted by DigiNomad on 2nd of May 2024 at 05:38 pm
SPX - messy chart but if we take out this range the move
measures up to about 5200, roughly coincides with a touch of the
broken channel and would be relatively close to the 78.6 fib (still
slightly below it). Of course, this would blow out most peoples
favored EW counts going into today, but that happens (especially
when lots of money being printed). If we don't go any higher,
it's an H&S pattern. In a normal world I would think this is
more likely....but we're in an election year and the Treasury just
told us they are increasing debt issuance by 40 on a 200 base and
printing more money for a massive buyback - it's not a normal
world.
*Broken channel in the middle is the flash crash from Israel
/ Iran that most won't see on their charts unless using
OANDA.
Posted by DigiNomad on 2nd of May 2024 at 05:16 pm
It's one of the easiest fundamental shorts on the board....but
it has been for years now. I have made money short on it, but it's
always tough with a cult stock like this. But there aren't a
lot of more obvious shorts, so I have done it anyway at times (like
tomorrow if this pop holds).
Maybe get Siri to work first if you want to say you're going
big in AI??
Coincidence theorists
Boeing 2nd whistleblower mysterious dies
Posted by foody518 on 2nd of May 2024 at 09:44 pm
Coincidence theorists
Wheres the tip jar?...lol..
FUTU nice
Posted by morton7 on 2nd of May 2024 at 08:54 pm
Wheres the tip jar?...lol..
KISS tables
Posted by matt on 2nd of May 2024 at 08:40 pm
This is currently only on the Admin view, but we'll add it in for everyone tomorrow - a new column on the right that shows the last trade %G/L. Not bad trades there
Boeing 2nd whistleblower mysterious dies
Posted by matt on 2nd of May 2024 at 08:24 pm
https://metro.co.uk/2024/05/02/boeing-whistleblower-dies-suddenly-claiming-safety-flaws-ignored-20760390/
I guess a second coincidence?
or maybe Boeing got some help from Putin LOL, as he's good at offing people
metro.co.uk
Boeing whistleblower dies suddenly after claiming safety flaws ignored | World News | Metro News
Joshua Dean, 45, died suddenly this week after claiming to have been sacked by Spirit AeroSystems for raising safety concerns.
Another Boeing whistleblower dies of
Posted by DigiNomad on 2nd of May 2024 at 07:39 pm
Another Boeing whistleblower dies of sudden illness...under 50.
https://x.com/LynAldenContact/status/1786153098848653451
x.com
on MRNA at least KISS
MRNA daily breakout. biotech seems to have decent months ...
Posted by matt on 2nd of May 2024 at 07:09 pm
on MRNA at least KISS was already long prior to today
https://breakpointtrades.com/ts/view_chart.php?s=MRNA&g=NASDAQ_100
WMT, HD, AMD
Posted by matt on 2nd of May 2024 at 06:53 pm
WMT - Chart Link- pattern to watch
HD - Chart Link- one of you put this out earlier, nice coil
AMD - Chart Link- if the market does want to go back to highs, AMD is in an interesting area now, big big support in here and around that 200 day MA
following up on some trade ideas
Posted by matt on 2nd of May 2024 at 06:52 pm
FUTU - Chart Link-
CENX - Chart Link-
HTZ - Chart Link-
TMDX - Chart Link-
FE - Chart Link-
We had a perfect 1:1
SPX options
Posted by matt on 2nd of May 2024 at 06:46 pm
We had a perfect 1:1 abc move up and and the S&P 500 fell 110 pointsfrom 5123 to 5011 and was a great short- as did most instruments - that played out. So that statement was correct, after an abc or 1:1 move we get a deep retracement - I don't know what is confusing about that. We warned to be on a lookout after that abc move and a 110 point move down on the S&P 500 is pretty large
I Never said or confirmed that the ABC high at 5123 was the high and that we were going to a new lows - if this is a larger wave 4, it should take a few months to play out, not go down and make a new low and be over so quickly - the last wave 4 in the fall last 3 months - this correction has only been about 1 month long. Time symmetry
I was more favoring that move up to 5123 as abc of A, and a deep B retracement but a higher low(not a new low), then another C up. The bullish view is that we just go back to the highs.
again -this is why we don't like to put these counts out often because guys take them and hold you accountable, even if they don't understand it or interpreted it correctly.
focus and know your levels (demand/support and supply/resistance zones and triggers
These posts probably confuse some
SPX options
Posted by DigiNomad on 2nd of May 2024 at 06:17 pm
These posts probably confuse some people. I personally was still considering that it could be a wave 4 of 5 of some sort (which appears more plausible now)
NFP - not sure why
Posted by DigiNomad on 2nd of May 2024 at 06:03 pm
NFP - not sure why people still pay attention to or trust this number. They allow counting illegal immigrants as new hires but don't allow counting them on the reduction side or in the unemployed and/or laid off numbers. To say it's rigged is kind of an understatement. Silly.
SPY
Posted by matt on 2nd of May 2024 at 05:58 pm
SPY - Chart Link even with the move after hrs, price is still not into that resistance zone above, trading around 506.7 in after hrs
SPX options
Posted by matt on 2nd of May 2024 at 05:55 pm
$SPX - Chart Link- we had that perfect 3 wave move up - the bearish view would be a completed ABC. That said, I have not favored that and price would have to dump from here immediately.
the other option I've been favoring is that 3 wave up move was abc of A, with the deep pullback higher low wave B, and now we go up in wave C to the 61.8% Fib or higher
the super bullish count in green would have the first move up in a nested 1/2, 1/2, and we'd go up in a wave 3 and go to new highs
SPX - messy chart but
Posted by DigiNomad on 2nd of May 2024 at 05:38 pm
SPX - messy chart but if we take out this range the move measures up to about 5200, roughly coincides with a touch of the broken channel and would be relatively close to the 78.6 fib (still slightly below it). Of course, this would blow out most peoples favored EW counts going into today, but that happens (especially when lots of money being printed). If we don't go any higher, it's an H&S pattern. In a normal world I would think this is more likely....but we're in an election year and the Treasury just told us they are increasing debt issuance by 40 on a 200 base and printing more money for a massive buyback - it's not a normal world.
*Broken channel in the middle is the flash crash from Israel / Iran that most won't see on their charts unless using OANDA.
It's one of the easiest
AAPL after hrs
Posted by DigiNomad on 2nd of May 2024 at 05:16 pm
It's one of the easiest fundamental shorts on the board....but it has been for years now. I have made money short on it, but it's always tough with a cult stock like this. But there aren't a lot of more obvious shorts, so I have done it anyway at times (like tomorrow if this pop holds).
Maybe get Siri to work first if you want to say you're going big in AI??
IWM scenario
Posted by matt on 2nd of May 2024 at 05:15 pm
_IWM - Chart Link- on a deep retracement bounce lower high a RS of a H&S could form
AAPL after hrs
Posted by matt on 2nd of May 2024 at 05:14 pm
AAPL - Chart Link- interesting price is trading right around the 61.8% Fib are in after hrs
Ha! Karen Finerman agrees with
Apple beat by less than 1%...if I'm reading it right. ...
Posted by DigiNomad on 2nd of May 2024 at 05:06 pm
Ha! Karen Finerman agrees with me that the buyback makes no sense and is not accretive in a 5% world.
Of course CNBC is screaming
Apple beat by less than 1%...if I'm reading it right. ...
Posted by DigiNomad on 2nd of May 2024 at 05:05 pm
Of course CNBC is screaming APPLE BEAT! But wow, overall Iphone sales down 10.5%! (what they say outloud is that sales are up in China).
I hope it stays elevated until the open tomorrow. I'm going to buy some puts (if it holds).
Just found it on a
STM
Posted by EdZ on 2nd of May 2024 at 04:59 pm
Just found it on a BP MACD Kiss Scan.