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Utilities continue to rock n roll

Posted by matt on 8th of May 2024 at 10:52 am

NYSE TICK levels

Posted by matt on 8th of May 2024 at 10:51 am

As far as the past TICK spikes, there isn't one overhead until 5206, from April 11th when TICK  last spiked above 1000


here use this news site forexfactory - basically has all news timelines

https://www.forexfactory.com/ 

MSFT, META

Posted by matt on 8th of May 2024 at 09:38 am

MSFT - Chart Link- stalled at 61.8% Fib the other day

META - Chart Link- could be a lower risk short soon nearing those resistance trendlines and 20/50 MA's overhead

yep UGLY on SHOP, price

SHOP down 20%

Posted by matt on 8th of May 2024 at 09:36 am

yep UGLY on SHOP, price filled that small open gap from Nov, but there's another one from early Nov down at 48.9

What SBUX is a perfect

SBUX

Posted by matt on 7th of May 2024 at 07:52 pm

What SBUX is a perfect CCI bungie setup, I'm at the gym otherwise I'd post a chart

yep I like it when it blows through the cycles - indicating a trending move wave 3 of some sort. I also like when I see price start to ping pong perfectly between the cycles, i'll buy the support cycles and sell near the resistance cycles - like anything it's not perfect no indicator is, but it's pretty good

no real point, it's gonna be virtually the same thing

on TS SPX only goes back to 1961 so I just the Dow, again it's all going to move together basically with very slight differences on entries and exits. One can simply use the Dow version as a proxy for the SPX

if you look how much data is there on that spreadsheet, that's hours and hours of tedious work getting that data, something I don't see worth spending the time on doing

wow I can't believe that

short the fraud? big gap below

Posted by matt on 7th of May 2024 at 02:03 pm

wow I can't believe that thing is back  to 120, jeez

here's charts of SPXU on

SPX and SPXU

Posted by matt on 7th of May 2024 at 02:02 pm

here's charts of SPXU on multiple indicators cycles, demark, A's, and time frames

you can see you had Demark 13 on 78 min, Demark 9 on 130 min, A on 195 min, A and 9 on 2hr, and price bounced off cycle support on 5 min

SPX and SPXU

Posted by matt on 7th of May 2024 at 01:56 pm

$SPX - Chart Link- 60 min stalled at the downtrend line we drew over weekend

SPXU filled a gap - could try a long or hedge with a tight stop below today's lows

I'm not sure without more info, can you tell me what theory you have or what you are thinking about.

otherwise that 60 Stochastic being embedded above 80% for a long time is indicative of a wave 3 in Elliot Wave Theory, so your pullback could be a wave 4, then expect another high wave 5 - again not always. If it was a parabolic move then that wouldn't be the case would just top. 

So far market isn't too impressed with new Ipads LOL

Posted by matt on 7th of May 2024 at 11:28 am

AAPL - Chart Link- the thing about Ipads - they last so many years, the two we have the kids have used for 4 to 7 years, my mom has had hers for 10 years, and they will never make IOS for Ipad work like desktop Macbook Pros laptops because of concerns about cannibalizing their Macbook market 

AUR nice

Posted by matt on 7th of May 2024 at 11:24 am

AUR - Chart Link- weak yesterday but nice pop today, idea from weekend inverse H&S

I looked up historical 3 month T-Bill yields, one could use 6 month T-Bill or 1-month etc, it's a guide - my assumption here is that during the 6 months you are  in cash you would place that cash in T-bills earning some interest

the result is that $10K from 1950 turned into 9 million!  It turned into 2.8M without the Tbills compounded interest over the years 

of course buy and hold in the other or bad 6 month lost money over 75 years 10K turned into $7K

again I'm ignoring things like dividends and stuff like that'

I'll make this spreadsheet open to the public and provide a link

whenever the system lowers the STS stops I get questions all the time, is that bug? etc

again this has been cleared up dozens of times - you guys if you haven't done so, read the FAQ, it's discussed in detail there, has been for months

https://breakpointtrades.com/sts_table_faq/ 

DG follow up

Posted by matt on 7th of May 2024 at 11:11 am

DG - Chart Link- nice bounce - I discussed on weekend to watch for a low risk long trigger off the 200 day MA

WMT triggered

Posted by matt on 7th of May 2024 at 09:44 am

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