follow up on some gold stocks

Posted by matt on 23rd of Jan 2020 at 11:07 am

Update: SPX 5 min

SPX 5 min

Posted by matt on 23rd of Jan 2020 at 10:59 am

$SPX - Chart Link - notice how SPX pulled right back from that V wedge like bounce, and MA ribbon pinch, was low risk short

SPX 5 min

Posted by matt on 23rd of Jan 2020 at 10:38 am

$SPX - Chart Link - V bounce from the morning low. by the way you can see the doji hammer like candlesticks, so day traders could have anticipated a bounce from those. 

anyway V bounce, the MA ribbons are starting to pinch, something to keep an eye on

? the systems are end of day. but remember I can see if the conditions are being met that would close out the trade, which were being met at the lows this morning. since the market has rebounded off those lows those conditions are currently not being met. now if the market sells back off they will come back, but those conditions have to be met by the close.  I simply tell you guys intra day what the conditions are at times

I have a contractor stoppying by

Posted by matt on 23rd of Jan 2020 at 09:58 am

I have a contractor stopping buy shortly so I will be unavailable while I show him what I need done.

that looks vulnerable morton, thx

DIS daily  leaking lower

Posted by matt on 23rd of Jan 2020 at 09:57 am

that looks vulnerable morton, thx

regarding that FYI the SPY short exit condition was triggering at the lows this morning, thus I don't think that was too bad of an idea, I also lightened up some in my hedge fund at the lows when I saw a doji candlestick on a 5 min SPX and the market looked like it wanted to bounce

JO - Chart Link  JO -

JO 30 min

Posted by matt on 23rd of Jan 2020 at 09:36 am

JO - Chart Link 

JO - Chart Link JO following through nicely on yesterday's trendline break

SPX daily

Posted by matt on 23rd of Jan 2020 at 09:33 am

$SPX - Chart Link - back to the 9 EMA

$SPX - Chart Link

ES futures slightly down this

AAII Survey

Posted by matt on 23rd of Jan 2020 at 09:18 am

ES futures slightly down this morning -6.5, so looking at a small negative opening

yep that was the plan,

No Newsletter this evening

Posted by matt on 22nd of Jan 2020 at 08:00 pm

yep that was the plan, I'm super short so doing this so that my short plays out LOL

No Newsletter this evening

Posted by matt on 22nd of Jan 2020 at 07:49 pm

Sort of a scheduling conflict between Steve and I so no newsletter tonight.  And as you guys know, for us NOT to do a newsletter is super rare, we are almost more regular than the sun rising and setting LOL, so one day won't kill ya.  I'll be doing tomorrow's newsletter of course.   Today was a small shot across the bow for the market as we all know it's very extended.  We'll see what transpires tomorrow.

technically rounded to 667 as low was 666.79. Though I don't know what ES futures were they might have closed there

SPX correlation to Inverse VIX video

Posted by matt on 22nd of Jan 2020 at 02:41 pm

Compare VIX vs SPX vs correlation - Chart LinkHere's a quick 'unpolished' video I recorded testing my software but also discussing how this correlation with the Inverse VIX to the SPX could be useful, here's the Video

https://secure.screenrec.com/MV16HLOST0

Dividend plays follow up

Posted by matt on 22nd of Jan 2020 at 11:54 am

OXLCO - Chart Link- Stockcharts has a Dividend indicator therefore I went ahead and added it to the dividend plays. OXLCO weekly chart shows you how stable it is, those few pullbacks were very small like $1 - $2 only.  pays monthly and when the CCI spikes on those pullbacks is good time to add

OXLCO - Chart Link- daily

MAIN - Chart Link- another daily dividend play, been commenting on since early last year

BIZD - Chart Link- another one, monthly though, commented on it earlier last year

if you guys have any others that you really like you can p.m. me or email me and I'll plot them and add to the list if they look decent

JO 30 min

Posted by matt on 22nd of Jan 2020 at 11:28 am

JO - Chart Link - here's a 30 min chart of JO. Potential double bottom there, this creates a lower risk area to try an initial long with a tight stop if one wishes to do that.  Otherwise price needs to break that trendline. Also notice I drew a trendline on the 60 Length Stochastic to monitor as well

again all PPLT did was textbook by breakout over resistance last week, then pulling back to re-test former resistance turned support, if you recall I replied to a question early last week said it would be a good buy PPLT pulled back to re-test that area and it was

Exhaustion Trade

Posted by matt on 22nd of Jan 2020 at 11:09 am

The SPY Exhaustion trade was triggering a 2nd entry when the market was at the highs, over 332.95 is the price

went away of course as the market pulled off that high

Update: Update: SPX 5 min

SPX 5 min

Posted by matt on 22nd of Jan 2020 at 11:00 am

$SPX - Chart Link - nice pullback after making that divergent second high

TSLA and AMD, wow

Posted by matt on 22nd of Jan 2020 at 10:37 am

TSLA - Chart Link

AMD - Chart Link

again you should read the tech articles on AMD, kicking INTEL's butt, and is why I've been super bullish on AMD for the last year

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