XBI - new long on STS system for this morning. It's actually hanging in there pretty well considering today's slide. I have hope. I own a fractional share. - LOL.  Why? This is my first STS trade in a market that looks like it wants to tank. Go XBI!  Matt, this is the first of the "sector" trades I'm doing with my son.

And CENX has earnings 5/1 before open.

With the possiblility of another leg down ahead, we might want to follow UVXY. If the VIX is really going to pop, UVXY is a great way to trade it. Just don't overstay your welcome.

$DXY

Thank you for sharing this chart, Matt. I look forward to evaluating the signals!

I like the futures idea. Also, I thought these trusts like SLV and GLD were more heavily taxed due to the collectibles designation. I have a gold coin or two, but I'm not really interested in tying up my $$$ right now in a physical asset. I have need of my cash for a move. Thanks, all for your feedback.

I would love some feedback from BPT and its members on how you trade precious metals like silver. I have stock in a few miners, but I've stayed away from SLV, GLD, etc., because they are taxed as collectibles. I know that's pretty lame, but I don't like to trade what I don't understand if I'm going to find out later that much of the profit went to paying taxes and fees. The problem with trading only the miners is that, often, they just don't move with the metal- even when the metal is moving nicely. I'm looking for an approach that covers both. Perhaps a trust like SLV is the way to go. If so, I'd welcome your feedback.

Just be present and be with family. Don't think about this today. You need this time.

Hope you feel better very soon. Doesn't sound fun.

Thank you. I will do that! Happy trading!

Matt, I've been away for a loooong time taking care of family member. I'm back, and did maintain my subscription but didn't keep up with it. This XLE System - I don't see it on the website Systems tab. It is something we have access to, or is this just testing for a future system/offering? Thanks, and glad to be back (almost). I should be plugging back into your service within a month or two.

Yes.     

I receive emails for the newsletter and BPT mechanical systems. That's all.

Pure awesomeness!!!     

True, but there is a way to handle it. Just get in with your own, tighter stop in place until the BPT system stop rises above yours. Then just follow the system.

For posts like this I wish you had a "Like" button.     

Really nice chart!

Been AWOL for a while now. Work has me buried. Found TNK tonight while looking through charts. Nice daily flag breakout.

Been AWOL for a while now. Work has me buried. Found TNK tonight while looking through charts. Nice daily flag breakout.

BA daily diamond.