SPXU - Chart Link- here's the SPXU chart to go
along with that SPX 60 min. Maybe a hedge with a very tight stop if
you are holding tons of longs you don't wish to exit right now
$SPX - Chart Link- I know maybe not a popular
thing to consider, but we do have some pretty good MACD divergence
on the MACD via the 60 min chart, and a possible wave V. That wave
v could be wave V of 3 but you would expect a wave 4 pullback once
this wave 3 is completed. Now whether this plays out now or we push
further to test the March highs first and then pullback is not
certain but I at least need to point out this divergence and wave V
and to monitor price action
here's the SPX chart with the past NYSI TICK spike levels -
price cleared a bunch of recent levels yesterday
the next BIG leve is at 5251, notice the bold tick magenta
dotted line, the reason that line is thicker than the white ones is
because the TICK spiked over 1500 on that day back in March, so
it's a big level - which is basically back to the March
highs
but, there is NOTHING until that level, big air pocket so to
speak
weekly KISS charts in tables, hell of gains on some of those
like NVDA, META , AVGO which never exited, but when some of those
went long we didn't have the KISS systems tablweees live,
NVDA weekly went long on 10/22/22, so it's been holding for 1.5
years, META and AVGO went long last spring while the systems were
live
no, and why would you think they would? really the only
systems we might see trigger is the breakout system (60 Stochastic
short a maybe if we saw a reversal now, but will be negated soon,
read below
almost all the mean reversion systems systems need to have price
either below the 200 day MA or some major MA downtrending along
with price, then they look to short bounces
the 60 Stochastic systems could short while price is up if that
stochastic reverses off the underside of 80% - that one
theoretically is possible as 60 Stochastic is at 79%, HOWEVER price
needs to reverse down right from here to trigger
the exhaustion shorts can trigger in strong markets, but again
they are extremely difficult to trigger price needs to be
uptrending for a long period of time above short term MA's - which
we we saw the last exhaustion short trigger in late March after
such an extended run from the Oct lows. But since that time price
recycled went below the 50 day MA etc, so those conditions are
reset - you have to be trading above the 8 day MA for like 30 bars
at least, price has been above the 8 MA for 5 bars only
I think the sh&# will hit the fan next year personally, and
a bad recession and let's hope that's all it is.
but we will continue to trade the trend, the charts, the
technicals.
in election years June and July are generally pretty good - I'm
sure Biden is counting on it if his remaining brain power can
process that, and Pelosi LOL Mrs Insider Trader herself loves the
market
SBUX - Chart Link- on SBXU the first target was
the 5 EMA, the 2nd target is the 9 EMA, make sure to scale out of
something there, nice bounce trade from that CCI bungie setup of
course
no one commented earlier but you can find these type of setups
from this scan if you input it into Stockcharts.com
[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume)
> 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily
Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily
Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily
RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30
days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily
Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily
CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2
days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200]
OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily
CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6
days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) <
-200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily
CCI(14) < -200] OR [2 days ago Daily CCI(14) <
-200]]
the nice thing about that volume profile indicator is that it
shows you were the supply/resistance and support/demand zones
roughly are. You can see the large volume profiles near important
support areas etc
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Bitcoin and BITI
Posted by matt on 10th of May 2024 at 10:48 am
BITI - Chart Link Bitcoin has been dumping, see tradingview chart
BITI 15 min had sort of an abc pullback
SBUX
Posted by matt on 10th of May 2024 at 10:36 am
SBUX - Chart Link- major target is that 9 EMA on this CCI bungie bounce setup
been a nice trade!
Update: SPX 60 min
SPX 60 min
Posted by matt on 10th of May 2024 at 10:15 am
SPXU - Chart Link- here's the SPXU chart to go along with that SPX 60 min. Maybe a hedge with a very tight stop if you are holding tons of longs you don't wish to exit right now
AVGO Broadcom one to monitor
Posted by matt on 10th of May 2024 at 10:11 am
AVGO - Chart Link- had a big run from those Oct lows, and part of the AI stuff, semiconductor.
anyway it's been consolidating for a while in this pattern, one to keep an eye on
SPX 60 min
Posted by matt on 10th of May 2024 at 10:05 am
$SPX - Chart Link- I know maybe not a popular thing to consider, but we do have some pretty good MACD divergence on the MACD via the 60 min chart, and a possible wave V. That wave v could be wave V of 3 but you would expect a wave 4 pullback once this wave 3 is completed. Now whether this plays out now or we push further to test the March highs first and then pullback is not certain but I at least need to point out this divergence and wave V and to monitor price action
NYSI TICK - next big spike is 5251
Posted by matt on 10th of May 2024 at 09:51 am
here's the SPX chart with the past NYSI TICK spike levels - price cleared a bunch of recent levels yesterday
the next BIG leve is at 5251, notice the bold tick magenta dotted line, the reason that line is thicker than the white ones is because the TICK spiked over 1500 on that day back in March, so it's a big level - which is basically back to the March highs
but, there is NOTHING until that level, big air pocket so to speak
STNG nice follow through on this trade idea
Posted by matt on 10th of May 2024 at 09:44 am
STNG - Chart Link-
YINN China 3X, NICE follow through!
Posted by matt on 10th of May 2024 at 09:41 am
YINN - Chart Link-
DSL monthly dividend play
Posted by matt on 10th of May 2024 at 09:40 am
DSL - Chart Link pays about a 10.5% monthly dividend, ex dividend is May 15th
chart wise has a clean overhead resistance
here's an article on it
https://www.forbes.com/sites/brettowens/2024/05/09/this-105-monthly-dividend-payer-was-dirt-cheap-last-week/?sh=2faa22703aeb
I like that coil
PLG weekly - low priced name that correlates to platinum ...
Posted by matt on 9th of May 2024 at 05:45 pm
I like that coil
weekly KISS charts in tables,
Weekly KISS nice rebound off those ATR's
Posted by matt on 9th of May 2024 at 04:32 pm
weekly KISS charts in tables, hell of gains on some of those like NVDA, META , AVGO which never exited, but when some of those went long we didn't have the KISS systems tablweees live, NVDA weekly went long on 10/22/22, so it's been holding for 1.5 years, META and AVGO went long last spring while the systems were live
https://breakpointtrades.com/sts_weekly/?search=BPT_basket
Weekly KISS nice rebound off those ATR's
Posted by matt on 9th of May 2024 at 04:28 pm
the weekly KISS indexes of course stayed put, price rebounded off those ATR's just above the STS stops
no, and why would you
Matt, no short system giving a signal ??
Posted by matt on 9th of May 2024 at 04:27 pm
no, and why would you think they would? really the only systems we might see trigger is the breakout system (60 Stochastic short a maybe if we saw a reversal now, but will be negated soon, read below
almost all the mean reversion systems systems need to have price either below the 200 day MA or some major MA downtrending along with price, then they look to short bounces
the 60 Stochastic systems could short while price is up if that stochastic reverses off the underside of 80% - that one theoretically is possible as 60 Stochastic is at 79%, HOWEVER price needs to reverse down right from here to trigger
the exhaustion shorts can trigger in strong markets, but again they are extremely difficult to trigger price needs to be uptrending for a long period of time above short term MA's - which we we saw the last exhaustion short trigger in late March after such an extended run from the Oct lows. But since that time price recycled went below the 50 day MA etc, so those conditions are reset - you have to be trading above the 8 day MA for like 30 bars at least, price has been above the 8 MA for 5 bars only
I think the sh will
Utilities going parabolic
Posted by matt on 9th of May 2024 at 03:14 pm
I think the sh&# will hit the fan next year personally, and a bad recession and let's hope that's all it is.
but we will continue to trade the trend, the charts, the technicals.
in election years June and July are generally pretty good - I'm sure Biden is counting on it if his remaining brain power can process that, and Pelosi LOL Mrs Insider Trader herself loves the market
XOM
Posted by matt on 9th of May 2024 at 02:56 pm
XOM - Chart Link- ex dividend is next week May 14th
easy buy near that 50 day MA where swing stop goes
Utilities going parabolic
Posted by matt on 9th of May 2024 at 02:53 pm
XLU - Chart Link-
Update: SBXU nice! was a perfect CCI bungie setup
SBXU nice! was a perfect CCI bungie setup
Posted by matt on 9th of May 2024 at 02:50 pm
SBUX - Chart Link- on SBXU the first target was the 5 EMA, the 2nd target is the 9 EMA, make sure to scale out of something there, nice bounce trade from that CCI bungie setup of course
no one commented earlier but you can find these type of setups from this scan if you input it into Stockcharts.com
[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume) > 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200] OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6 days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) < -200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily CCI(14) < -200] OR [2 days ago Daily CCI(14) < -200]]
the nice thing about that
MO monthly
Posted by matt on 9th of May 2024 at 02:46 pm
the nice thing about that volume profile indicator is that it shows you were the supply/resistance and support/demand zones roughly are. You can see the large volume profiles near important support areas etc
Update: gold/silver pm stocks
gold/silver pm stocks
Posted by matt on 9th of May 2024 at 02:42 pm
Here's a few pm stocks that haven't busted out yet
IAG - Chart Link- coil
RGLD - Chart Link-
AU - Chart Link- coil
gold/silver pm stocks
Posted by matt on 9th of May 2024 at 02:41 pm
NEM - Chart Link-
PAAS - Chart Link- BOOM
KGC - Chart Link- BOOM
GOLD - Chart Link-
EXK - Chart Link- BOOM!