Once again, the above video link provides an overview
referencing current stock market conditions relative to similar
past readings. This would be most relevant for position
investors (such as retirement accounts) to monitor on a weekly
basis.
This is NOT a
forecast just data points at this time. Continue to keep an
open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
Meta Platforms price target lowered to $310 from $330 at
Jefferies Jefferies analyst Brent Thill lowered the firm's price
target on Meta Platforms (FB) to $310 from $330 and keeps a Buy
rating on the shares, arguing that Snap's (SNAP) pre-announcement
that Q2 revenue growth will likely come in below its initial
20%-25% guidance is "indicative of a rapidly deteriorating macro
environment that will likely impact the whole ad industry." He is
lowering his FY22 and FY23 revenue estimates for a number of other
digital advertising companies by an average of 3% and 6%
Those big green bars into the close have been seen several times
just prior to a reversal the following day during this entire
selloff. So please keep an open mind and adjust if necessary.
yep - sell the morning rip - then hit a few golf balls, check in
and buy back at the VWAP - hit some more golf balls, sell again,
check in last 20 min of the day, buy back at VWAP again
AAPL - Chart Link again as I commented on
the weekend you had a lot of these same setups off those black
candle doji's, I could have put out 50 setups. That's why I said
just pick a few names you know will move and go with them for a
market bounce: ETF's like UPRO, TQQQ, AAPL, others
Top Down Approach Discussion and how to View BPT - Click on Title
Posted by steve on 13th of Jun 2020 at 01:48 pm
Ciovacco Historical Perspective Charts
Once again, the above video link provides an overview referencing current stock market conditions relative to similar past readings. This would be most relevant for position investors (such as retirement accounts) to monitor on a weekly basis. This is NOT a forecast just data points at this time. Continue to keep an open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is to establish a methodology that fits with your beliefs. You can also incorporate a hybrid approach with your portfolio by position investing certain funds for longer term (accepting volatility until EVIDENCE changes) and dedicating other funds to short term trading. Those are decisions for each individual. If you have yet to formalize an investing/trading approach please take some time to formalize a template - you can always adjust but it's best to have something in place. From there, you should formulate a PLAN that entails your objectives. Once a plan is in place, then you can refine down to which specific securities you want to invest and/or trade. This is a TOP DOWN approach that should be enacted PRIOR to looking for trades. Just like a Football team(or any sports team) - the General manager has a vision/approach on how he/she wants to build a team. Then he/she hires a coach to devise a scheme around those players to maximize their talents. Next, the coach puts into place a weekly game plan (making necessary adjustments) before finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a consultant/assistant coach who helps to make your job easier along the way. We provide daily analysis of several markets which helps to provide some guidance as to how we see things. We also spend a considerable amount of time providing tips and educational examples to help execute you plan. Think of the DVT approach for swing trades and the nightly discussion of charts involving patterns and candlesticks, etc. We also scan for and offer trade suggestions (ideas) that we believe are valid setups and we take time to review the triggered setups in the following days. Partake in only the ideas that fit into your plan and simply ignore ones that don't. Finally, we spend time posting relevant comments and numerous charts every day in the trading community relating to what transpiring during that trading session and updating trade ideas.
why would the VIX not
Posted by Walt on 5th of May 2022 at 04:02 pm
why would the VIX not have reached 38-39 on a day like this?
Probably because of what Steve
Posted by rfa300 on 5th of May 2022 at 04:06 pm
Probably because of what Steve posted earlier. See below
maybe meaning a lot of
Posted by kevindeng0727 on 5th of May 2022 at 04:03 pm
maybe meaning a lot of room for it to run higher?
Thanks, Matt -- appreciate it.
Posted by mstaples37 on 25th of Oct 2021 at 05:05 pm
Thanks, Matt -- appreciate it. Looking forward to seeing those things you've been working on!
Steve, how does one access
Posted by bharvey96 on 30th of Sep 2020 at 01:35 pm
Steve, how does one access the "Ciovacco Historical Perspective Charts?" I would imagine you need to be a client?
He puts out a weekly
Posted by steve on 30th of Sep 2020 at 01:41 pm
He puts out a weekly video via Twitter on Friday Night
Hi Matt/steve, is today highly
Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am
Hi Matt/steve, is today highly likely to be a trend day?
Meta Platforms price target lowered
Posted by steve on 24th of May 2022 at 08:45 am
Meta Platforms price target lowered to $310 from $330 at Jefferies Jefferies analyst Brent Thill lowered the firm's price target on Meta Platforms (FB) to $310 from $330 and keeps a Buy rating on the shares, arguing that Snap's (SNAP) pre-announcement that Q2 revenue growth will likely come in below its initial 20%-25% guidance is "indicative of a rapidly deteriorating macro environment that will likely impact the whole ad industry." He is lowering his FY22 and FY23 revenue estimates for a number of other digital advertising companies by an average of 3% and 6%
Crypto Views
Posted by steve on 24th of May 2022 at 08:29 am
$BTCUSD - Chart Link
$BTCUSD - Chart Link
$BTCUSD - Chart Link
$ETHUSD - Chart Link
Happy Birthday Matt and a
Happy 50th Birthday Matt ! Learned today that I'm about ...
Posted by steve on 24th of May 2022 at 08:10 am
Happy Birthday Matt and a belated one to you Skyfish
ES futures
Posted by matt on 23rd of May 2022 at 11:12 pm
here's a link to the live view with my trendlines
https://www.tradingview.com/chart/eAeTd6zj/
Monday's Newsletter
Posted by matt on 23rd of May 2022 at 09:01 pm
Monday's Newsletter
I use both, and a
SPX 3 Today's action in a nutshell
Posted by matt on 23rd of May 2022 at 06:50 pm
I use both, and a 1 min as well
Snap 8-K Shows Co. Warns
Posted by steve on 23rd of May 2022 at 06:40 pm
Snap 8-K Shows Co. Warns 'macroeconomic environment has deteriorated further and faster than anticipated' Since Co. Issued Guidance At End Of Apr.
Those big green bars into
SPX 3 Today's action in a nutshell
Posted by steve on 23rd of May 2022 at 05:27 pm
Those big green bars into the close have been seen several times just prior to a reversal the following day during this entire selloff. So please keep an open mind and adjust if necessary.
ZM beat and trading higher
Posted by steve on 23rd of May 2022 at 04:18 pm
ZM beat and trading higher after hours
yep - sell the morning
SPX 3 Today's action in a nutshell
Posted by matt on 23rd of May 2022 at 04:08 pm
yep - sell the morning rip - then hit a few golf balls, check in and buy back at the VWAP - hit some more golf balls, sell again, check in last 20 min of the day, buy back at VWAP again
SPX 3 Today's action in a nutshell
Posted by steve on 23rd of May 2022 at 04:04 pm
$SPX - Chart Link - bounced off VWAP all day (mechanical action)
WTI having first back to
Posted by steve on 23rd of May 2022 at 04:02 pm
WTI having first back to back days of less than a 3% intraday range since 1/31 and 2/1.
Market update
Posted by matt on 23rd of May 2022 at 04:01 pm
DSX - Chart Link- nice day for this long idea shipper
AAPL - Chart Link- nice day off that black candle doji from Friday - bullish morning star pattern
$SPX - Chart Link- nice day back to the 9 EMA following Friday's doji
XOP - Chart Link- nice day for energy names
SLB - Chart Link-
DBC - Chart Link- DBC remains in a tight coil
otherwise the market is holding
Watch Bitcoin
Posted by matt on 23rd of May 2022 at 03:58 pm
otherwise the market is holding up fine, that's just something to keep an eye on
Update: Watch Bitcoin
Watch Bitcoin
Posted by matt on 23rd of May 2022 at 03:18 pm
$BTCUSD - Chart Link- dump on Bitcoin - potential negative guys
SPX views - ultimately the 'bulls' need to drive the football over that 10 yard downtrend channel line to gain a new 1st down LOL
Posted by matt on 23rd of May 2022 at 02:57 pm
$SPX - Chart Link-
$SPX - Chart Link-
$SPX - Chart Link-
Watch Bitcoin
Posted by matt on 23rd of May 2022 at 02:55 pm
$BTCUSD - Chart Link- 2hr view - going sideways, not participating today really. Should this start to accelerate down would be a problem.
here's a clean Trading View look - just keep open in a browser to glance at
The Dow was 8 weeks
Posted by matt on 23rd of May 2022 at 02:53 pm
The Dow was 8 weeks this time and the SPX and Nasdaq 7 weeks
AAPL follow up
Posted by matt on 23rd of May 2022 at 02:44 pm
AAPL - Chart Link again as I commented on the weekend you had a lot of these same setups off those black candle doji's, I could have put out 50 setups. That's why I said just pick a few names you know will move and go with them for a market bounce: ETF's like UPRO, TQQQ, AAPL, others
DSX nice move!
Posted by matt on 23rd of May 2022 at 02:30 pm
DSX - Chart Link- been on the watchlist for a while