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NVDA

Posted by matt on 26th of Apr 2024 at 10:23 am

NVDA - Chart Link -  EdZ posted some nice charts below, here's the one we've had, testing the downtrend line today

AMD

Posted by matt on 26th of Apr 2024 at 10:21 am

AMD kiss.png

AMD kiss system went long yesterday, price found support in that support zone, otherwise if it declines again the 200 day MA would be a logical magnet, but I don't think it was a bad spot at all for the KISS system ty try an entry

FUTU follow up

Posted by matt on 26th of Apr 2024 at 10:19 am

FUTU - Chart Link- off the highs but still above the trendline of that weekly coil

ES futures TradingView

Posted by matt on 26th of Apr 2024 at 10:17 am

sorry about that, the newsletter webpage version  link was to an older newsletter, I fixed that. The Youtube video link was correct of course

Thursday April 25th, 2024 Newsletter and Video

Posted by matt on 25th of Apr 2024 at 08:18 pm

Here's my latest detailed newsletter/video with my thoughts on the markets, precious metals, crypto, and our trading systems

Youtube Video  Thursday  April 25th, 2024   - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Thursday April 25th  standard Webpage Format  - contains all the dynamic chart links

SPX 60 min with Fibs

Posted by matt on 25th of Apr 2024 at 08:02 pm

ES futures

Posted by matt on 25th of Apr 2024 at 06:39 pm

ES futures went back to Tuesday's/Wednesday's highs

the tables use the entry

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 05:33 pm

the tables use the entry price for the next day open - again it's all in the FAQ that has been in the KISS system for a while so please take the time to read that. Stats are generally better to enter that same day though, but because the standard daily are communicated after hrs all the trade % numbers are using the next day's open price for the entry. This will not be the case for high performance, they will use exact entry prices from that same day.

as far as Demark - I've posted this 58 page PDF a dozen times, here you go, nerd out this evening reading that or the weekend

https://breakpointtrades.com/blog/post/390738/   

here's that AMD KISS chart

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 04:36 pm

here's that AMD KISS chart from the KISS tables that went long, that was likely triggered from the washout oversold reversal on the KISS system, also had a Demark 9

https://breakpointtrades.com/ts/view_chart.php?s=AMD&g=BPT_basket 

Emotion is what makes trading difficult for most people.  Technical Analysis is all about analyzing the collective mass emotion/psychology that causes patterns to form on the charts. Unfortunately we as humans also fall prey to our own emotion. And again everyone is different, some people are MUCH better at dealing with it, while others are not.  It takes time, and having a systematic approach where you have a rules that you are following helps - because the emotions are most difficult when you don't have rules or a decision that is pre set.

I'm sure Spock from Star Trek would be a great trader since Vulcans suppress their emotions LOL  

or....maybe one of Elon Musks Optimum robots LOL

there's a book called 'The Trading Athlete ' it makes a strong case with a bunch of examples of why former professional sports players have made great traders - why? Because they had to learn to control their emotions in stressful situations in games and in the public, and that directly translates to trading

https://www.amazon.com/Trading-Athlete-Winning-Mental-Online/dp/0471418706 

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 04:24 pm

https://breakpointtrades.com/sts_table/?search=BPT_basket 

interesting, AMD went long today, honestly not a bad entry - just 1 bar off the lows

yep!

but guys, that's what's so cool about Technical Analysis. The fact that you could count 5 waves off off Friday's lows, strongly suggested that move was at least a wave A up, and to expect a deep wave B pullback, but that pullback should form a higher low - the move up again in wave C. The key was being able to count 5 waves up - if it was only 3 waves up off the lows, that would have been bearish and suggested another low right now

again all this stuff is fractal: To me I could see this move up being a wave C that takes out the high from earlier this week but still overall makes a lower high because of the daily symmetry break  - so this wave C might complete that lower high wave B on the daily maybe around the 50 day MA

anyway besides systems trades, and trade ideas etc, we also excel at education here

GOOGL also up nicely on earnings

Posted by matt on 25th of Apr 2024 at 04:05 pm

both MSFT and GOOGL double whammy both juicing the futures

did you end up going long?  one of my KISS systems are long  MSFT so I decided to simply keep it despite earnings  - nice move after hrs if you decided to take the gamble

yes MARA bounced off the 20 MA, there's an open gap up around 21 and the 50 day MA.   The 60 min chart looks fine

again generally the cryto follows the market, so if the market continues to push higher, then crypto and crypto stocks likely will as well

please remember guys, when we

By Request

Posted by matt on 25th of Apr 2024 at 03:52 pm

please remember guys, when we post charts those posts contain the links - pretty much any Stockchart chart we post contains the links directly in that post, and in the newsletters

and when those charts are in the newsletters the links are also provided for each chart

 they remain valid going forward

SPY and QQQ Updated Views

Posted by matt on 25th of Apr 2024 at 02:58 pm

 they remain valid going forward

NEM is helping GDX a

NEM momo

Posted by matt on 25th of Apr 2024 at 01:12 pm

NEM is helping GDX a lot today since it's the largest component. But otherwise most of the stocks had that 3-wave pullback look

NEM momo

Posted by matt on 25th of Apr 2024 at 01:11 pm

NEM - Chart Link largest component of GDX, powerhouse today breakaway gap earnings

very nice weekly!

NEM - Chart Link

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