3309 Drysdale Ct
Edwardsville, IL 62025
We are another 1 or 2 up days away from a new all time high in
NYAD and OBV of SPX lol.
Discussed the similar topic with Matt here the other day.
Three consecutive days above 200 day SMA (three days rule for
breakout confirmation) and week/month close above it.
Trump's speech not as negative as ppl thought, just my guess
Yea, perfect bounce on positive MACD divergence. The correction
on 5 min charts looks like 5 wave to me, could be some degree of A
That's a long trade?
Thanks Matt. All indicators/models could fail so will be very
interesting to see how things play out.
Hey Matt, some of the breath indicators I use ($SPXA50R, AD
lines) are at levels that bear market rallies and counter trend
rallies in strong corrections almost never reached in the past
decades. The $SPXA200R could get there soon. So are my accumulation
models for NDX and some sectors. We could still see 10ish%
pullbacks but my models seem to lean to your wave 1 and then wave 2
Thanks Matt. So what range will be strong enough of a gap but
not too strong? Becasue last week Monday's gap was similar size but
able to trend most of the day.
Hey Matt, another thing I am watching is the weekly MACD golden
cross triggered last week I believe. On NDX it triggered ~3 weeks
ago and on $SOX I believe it was 2 weeks ago. I am not sure whether
you guys uses that signal, but I went through these signals over
last 20 years and it seems like the market went up at least 2~3
weeks after almost every sucn signal.
Yea. Laggers are catching up.
By the way, if the futures stay around the current level, should
we buy at the open tomorrow and stick with our trend day game plan?
Happy belated birthday Matt. Thank you for all the work you've
done. I really like the money supply data you put in this
newsletter. A lot of times, I found SPX:M2 or SPX:GOLD ratio to be
more useful on longer term wave analysis. The Fed can pump the
S&P 500 to any level they want, just a matter of how much
liquidity is injected and whether the side effects can be
Exactly... Many of those people had been predicting a crash
everyday thounsands of times and finally they were correct once
Hi Matt/Steve, today looks like another trend day?
Thank you. I've read those educational newsletter but these
posts gave me a better idea on how to trade that.
Thanks Matt for the educational information.
So to decide if it's a trend day, we need to see a strong gap up
(possibly above resistance) with no attempt to fill it in the first
15~20 mins, then we can add ES/UPRO? Is there anything missing in
my current criteria?
I wonder how they got that 47 number. Maybe because Amazon's
100+ PE alone increases the average by a high single digit?
For Apple, Google, MSFT and FB, their PEs are a bit high but far
away from tech bubble levels. Amazon's PE has been high for a long
time and probably shouldn't be measured using this metric.
Looks like today could be an exhaustion gap
I agree. I was not trying to explain 'why' the market goes up or
down (which is really stupid), but I think a lot of smart people
look at insider buys and sells and if/when dudes like Buffet makes
a big deal. His deal with GS in 2009 was very close to the bottom
of that bear market. But otherwise, the insider buys have dried up
recently as the market rallies.
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