I still have to say, those sell in May stats always blow me away how basically all the money in the market has been made in one 6 month time frame of the year

$10,000 starting in 1950 turned into 2.8M in the good 6 months of the year, and instead if you had invested $10,000 in the other 6 months of the year, your actually lost money, your $10,000 after 75 years turned into $7000! That's just insane to me

it's not really a strategy I could follow personally myself, to me it's more fascinating just form a math/statistics standpoint. But someone who doesn't look at the market at all and is pure buy and hold, could follow it. 

Also - what I don't show and will try to put together is that one strategy would be to be invested in those good 6 months of the year, and in the other 6 months invest that money in Tbills or Money Market and make interest - I did that calculation once in the past and instead of your $10K turning into 2.8M, with compound interest it would be more like 7.5 million! 

FUTU - Chart Link- been a nice move: Again you have to determine what your time frame is on this. I'm trying to hold a piece longer term for now. But clearly it's given a very nice initial percent gain from that trendline break trigger - a short term trader could be happy locking in profits now and moving on. Another trader might want to hold it for potentially  move up to the low 100's in that next resistance zone. 

or another trader could do a hybrid approach: an example would be if they bought 100 shares, sell 50 or 70 of those shares and keep 50 or 30 of those remaining shares for a bigger potential swing

yep, and again that bounce from last week was from a small support zone inside that thin zone - price bounced perfect off it, otherwise it could have fallen into that thin zone into the low 50's. Now pulling back testing that broken downtrend line - 4hr chart

CEG - Chart Link-

SLQT - Chart Link- 

NVDA - Chart Link

$SPX - Chart Link- again that open gap above is likely a magnet.  wave 3 or C

$SPX - Chart Link-

URA - Chart Link-

URA - Chart Link-

SLV - Chart Link- nice bounce, did anyone dip their toe in last week on that abc pullback near the 50 MA?

GDX - Chart Link-

GCT - Chart Link-

FUTU - Chart Link-

UNG - Chart Link-

I updated the sell in May and go away stats spreadsheet, the stats always amaze me for their simplicity and how much of a difference it makes

Basically, the markets have made the vast majority of their gains in one 6 month time frame of the year (typically mid Oct/Nov - to end of April)

From 1952 - present. The sell in May and go away, without the MACD filter you buy on November 1st, and sell on April 30th the next year.

using the standard MACD settings you look for an earlier buy starting from Oct 16th, instead of waiting for Nov 1st, if the MACD crosses above its signal line you take the long.

for exits you start looking for a MACD cross from April 21st onward. 

Statistics: 

- Best 6 months:  starting with $10,000, this turned into $2.85 million

- Worst 6 months : starting with $10,000 this turned into $7254!  Basically after 75 years you lost $2800! While in the other 6 months your $10K turned into $2.8M!

Youtube video finally uploaded - apparently Youtube had an outage, tons of people were complaining about their videos taking forever to upload

Youtube Video  Weekend Newsletter Sunday May 5th, 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!

Weekend Newsletter Sunday May 5th standard Webpage Format  - contains all the dynamic chart links

nice rally off the lows, but now the market is nearing a major inflection point where price will either form a lower high and turn back down or bust through important resistance and go to a new high:  On SPX 50 day SMA, ATR at 5170, 76.4% and 78.6% Fibs at 5191 and 5200 respectively, and downtrend line. We are also now in May, which is the start of the weaker time of the year

AUR - Chart Link-

BIIB - Chart Link-

DG - Chart Link-

NVT - Chart Link-

weekly KISS, price bounced off the weekly ATR's near those weekly STS levels, remember we have the weekly KISS charts in the tables as well

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

on the daily charts, price running right into the underside of the ATR, that's a big level for the 'bulls' and an area were price could turn down unless price can strongly break through this level

on SPX price is right at the 50 day MA, and right below the ATR

_IWM - Chart Link- price perfectly to that 61.8% Fib where it pulled back some

IWM - Chart Link- 2hr - notice the open gap where price pulled back from, has not filled

also the 61.8% Fib 

$JPYUSD - Chart Link- monthly has sort of wedge forming, with pretty good divergence

FXY - Chart Link- weekly tradeable ETF

$BTCUSD - Chart Link- while price fell through that support zone, it bounced off a small demand zone (was critical that it held that and it did)