URA - Chart Link-

URA - Chart Link-

DBC - Chart Link- monthly coil forming

DBC - Chart Link- daily, the bullish view would have a simple abc pullback to the broken trendline

DBA - Chart Link- weekly, why did it pull back so much? look at the monthly

DBA - Chart Link- price pulled back right from a supply zone

$SPX - Chart Link- one positive is that HYG made new highs and has been leading.

notice at the market lows when the SPX had a lower low, HYG had a higher low i.e. a positive divergence

$NYSI - Chart Link- crossed the 9 EMA on Friday - otherwise a confirmation needs a candle that closes above Friday's highs

only Diginomd and Yellen know

I'll investigate more this weekend as I have the newsletter, right now I have to run to an appointment

that said what I said yesterday still applies - this move could just be wave C and SPX is still not even back to the 61.8% Fib - and we are still below the ATR on the daily, so I'm still concerned we could stall there

then again the Algos Steve follows is looking for new highs

again I gotta run - because the systems are long, I am long some things too, I try to follow them. You guys either follow all or most of the system trades or you don't

the stops will be at the lows for these daily charts, later on I can post where the high performance intra day systems have stops  - as they went long 1 or a few days ago and thus have much tighter stops, and are intra day smaller time frames

sending emails now

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

SPX, SSO, SPY, UPRO, QQQ ended up going back long. So did the custom daily versions form the newsletters. 

will either be a whipsaw or a nice trade, you never know. 

UNG - Chart Link-

actually after investigating BOTH KISS system versions will be going long at the close, the custom one and the default tables

DigiNomad - the worst example for that used to be Motleyfool - just read this article from back in 2006, I  remember reading this at the time - this author calls TA voodoo and that we are all 'fooling' ourselves ( lol see what I did there?)  for trying to see patterns and drawing trendlines - just a worthless BS article

TA works, you have all seen it in action over many many years, that author was an idiot 

otherwise I think the best approach if to combine the two: technicals and fundamentals - for longer term traders - for day traders and short term trades technicals are fine - but if you are trying to swing position yourself into a company that you thing has fantastic fundamentals, then technicals are for your timing your entry

https://www.fool.com/investing/value/2006/04/10/technical-analysis-voodoo.aspx  

Yes the symmetry comment is something we have discussed many times and I did in the educational video as well

after a symmetry break of an uptrend that has been going on for a while, you generally get a lower high, that said you don't always get a sell off for a lower low, sometimes you get a lower high, then a pullback that forms a higher low (doesn't take out the last low) and technically you had a lower high where symmetry played out. 

if the market goes back to the highs, you would have such a case here, you technically did get a lower high and a nice pullback from that to form a higher low

IBD, Investors Business Daily?

one thing you should do - take the IBD 20 and IDB 50 and track them in the KISS tables - great way to filter those

I even thought about trying to contact IBD and tell them we have this universal system that we could throw on their IBD lists that would greatly benefit their subscribers - but I don't know how to even go about that

IBD has or used to have this short term swing trade alert service, I tried it a couple years ago, it really sucked!  I can't remember the cost of it, but their trader sucked ass

oh of course man, always

these high performance systems for SSO, UPRO, QQQ all went long a day or two ago

I mention this because FINALLY FINALLY James is close - it's been a pain in the ass all the technical hurdles to the high performance KISS - something I should do a webinar about and discuss with you guys all the nuances and unforeseen technical hurdles we've went through.  I'd say today would be a good time such as Friday afternoon, but unfortunately I have an appointment at the dealer for my car, I have to leave after the close, but I'll get the KISS systems updated and emailed out before I leave!

anyway hoping to finalize most of that high performance stuff this weekend, and I have to make a couple videos as well

well for me personally I find it all fascinating. I'm a numbers and systems and statistics guy, I love seeing relationships, statistics etc

cognitive dissonance?  The two versions are not really saying the opposite thing where one is showing short and the other long. One is wanting to go back long now while the other one isn't yet.  The one that isn't yet has the superior long term trade history to the one that is looking to go back long today, but that doesn't mean that the one with superior long term stats is more right this time than the other, on a trade per trade basis one will have a better entry or exit than the other and they go back and forth

that's why I threw out the idea of if one is kind of one the fence: you could simply split the capital allocation for an S&P long between both of them, meaning you would go long 50% today.  Or, if you are one who wants to only follow the version that has the best stats in the long term you would wait. 

I keep using the word fascinating, but I did find it all interesting all the nuances one has to consider, statistics, emotions etc  

Interesting the SPX, SPY, QQQ may go long on the KISS systems from the default STS tables

here's an image, the one on the right is the same as the ones in the STS tables, notice the vertical line showing a buy. 

the one on the left is the custom one we show in the newsletters (better long term stats) does not show a long).

anyway heads up:

which one is best here? who knows, if the lows are in and we go back to new highs well then the KISS table version on the right will be better this time. If we still form some sort of lower high after a deep retretracement rally, then the one on the left might be best

options: One can choose to follow the version with the best long term stats, that's the one on the left. Or one could split them - whatever your SPY SPX allocation is, go long 1/2 based on the website KISS version and the other half when the custom one goes long

again that's what makes trading complicated - the various choices and emotions and trading styles

FXY - Chart Link- was kind of an easy oversold long earlier this week, plus we had commented that we might see some intervention by the BOJ that would likely cause it to bounce

ADBE - Chart Link

DBA - Chart Link- bounced off that support zone we pointed out early this week

DBC - Chart Link- logical bounce after that retest of the broken trendline, and abc pullback

HD - Chart Link-

SLV - Chart Link both reversed strongly down after the initial pop in the morning ISM and Jobs news.

here's an SLV chart,