the QE BTS took a 2nd entry for SPY.  I sent out the alert

man Steve you should have sold it yesterday!   

on a serious note, that's an example of where trailing a stop would not have helped you at all, unless you had scaled out a of a bunch of shares already taking profits, otherwise you go from hero to zero in a day

IZM takes the cake 

yeah those may go away if price bounces here the last 12 min

if prices stay down here or lower we could see a second entry on the open ES QE BTS long, no second entries on others yet. 

thank you! was a good opportunity to address log vs linear education since AAPL monthly was being discussed

WPM - Chart Link

WPM - Chart Link

ES reclaimed 5083 next 5096/99

yep mLa127 - the monthly chart has been giving warning signs for AAPL

First off there's some support here, but if lost strongly, the next major demand zone is 123 - low 140's. Also watch the trendline on the 14 RSI as a support/trigger

Next because AAPL has had such a big percentage move over the years, in order to be able to draw an uptrend line, a logarithmic chart is required, see the second image of the monthly Log chart - note how on the log chart you can draw an uptrend line from the 2009 lows, that trendline comes in around the mid 140's. 

Note how you cannot draw the same trendline on the linear chart- this is a good example of when Log charts are useful- most of the time it doesn't matter if you are looking at daily charts but when you zoom out enough years the percentage moves gets too large that you need a log chart to draw proper trendlines

I still get the question every once in a while about linear vs log charts, this is good example of that

rbreese when is the earnings date for TSM? I don't see it listed in the earnings calendar from the newsletter

https://hosting.briefing.com/cschwab/Calendars/EarningsCalendar5Weeks.htm 

congrats, like I said yesterday HUT was at a support level, but beyond that there was no real trading pattern besides being oversold and in a support zone. So remains to be seen if this is just a bounce trade or if you caught a major low - regardless how you manage the trade will depend on your trading style and goals, your plan, and risk tolerance

CLSK for example is up 6%, MSTR is up 3%

QCOM - Chart Link - tagged it's 50 day MA

ES resistance zone 5075/82

QQQ - Chart Link

$SPX - Chart Link

SPX bounced right off that pivot for now, price filled that big air pocket, which was a magnet

this is a real product, security cam like you would have cameras around your house, except this one talks and will shoot paintballs at intruders if they don't back off from the warning LOL

however in this soft world, you would probably get sued by the would be thief. 

of course my question would be, seems like a liability if you have a bunch of neighbor kids running around, you don't want it shooting them if they come in your yard etc LOL

https://newatlas.com/technology/paintball-security-paintcam-eve/  

nice that you were monitor, those TICK levels are amazing honestly. I need to place those levels on the trading view again. 

I could probably release the Tradestation code for that for folks who have it

tag your it! 

remember I've been showing the TICK data and pointed out that air pocket form 5091 to 5019 and said that it would likely be filled, price now at the 5019 tick level

if this is lost, the next one is 5005

Now lifted