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ES futures and Tradingview link

Posted by matt on 24th of Apr 2024 at 10:48 am

https://www.tradingview.com/chart/WVDTpjM0/ 

had demark 9 in that resistance zone on 6hr and 138 min, and Demark 13 on 78 min

SPX, QQQ 15 min views

Posted by matt on 24th of Apr 2024 at 10:44 am

Crude Oil, energy stocks

Posted by matt on 24th of Apr 2024 at 10:38 am

USO - Chart Link- crude ETF

$WTIC - Chart Link- crude oil itself, doesn't update intra day

OIH - Chart Link- was a lower risk buy at those major MA's 200 day and 50 day 

UNG nat gas

Posted by matt on 24th of Apr 2024 at 10:34 am

UNG - Chart Link- rallied off the lower wedge trendline last week to the top of the wedge yesterday where so far it has been rejected. We'll see if it can form a higher low inside the wedge or not

FUTU follow up

Posted by matt on 24th of Apr 2024 at 10:31 am

FUTU - Chart Link- up 4.6% this morning, nice move not testing the big coil trendline

yeah I paid off my

ADBE Updated View

Posted by matt on 24th of Apr 2024 at 10:31 am

yeah I paid off my mortgage with that 0.65%  move ha ha, I included that setup in last night's newsletter, maybe it can make it to the 20 day MA, symmetry target if it achieved that from the height of the beginning of the wedge would be about $500

Mean reversion systems foilow up

Posted by matt on 24th of Apr 2024 at 09:43 am

see image. 

As I stated yesterday the SPY QE BTS would be closing out this morning on the open. we closed it yesterday at the close as I forgot about that system closing out the next day, it's the only one that does that

the MES QE BTS will be closing out today at the closing ES bar at 5 pm EST

Tuesday April 23rd, 2024 Newsletter and Video

Posted by matt on 23rd of Apr 2024 at 09:53 pm

Here's my latest detailed newsletter/video with my thoughts on the markets, precious metals, crypto, and our trading systems

Youtube Video  Tuesday April 17th, 2024      - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Tuesday April 23rd  standard Webpage Format  - contains all the dynamic chart links

I'm on it! also - will

FUTU, AQST

Posted by matt on 23rd of Apr 2024 at 08:19 pm

I'm on it!

also - will create a new company like a Door Dash - call Stock Dash, where you'll get a courier to your door to let you know about trades :)

yes it's always best with

FUTU, AQST

Posted by matt on 23rd of Apr 2024 at 08:15 pm

yes it's always best with weekly charts that you may consider holding if you get a trigger, to also dive into the fundamentals. I have not looked into those for FUTU, I simply saw the chart and threw it out - but yeah folks should do research on their own -we don't always have time when we are posting 100 charts, we see the chart and setups and post them - give you ideas, you pick and choose from those ideas, do research etc

Yes I've discussed possibly adding an earnings date to the STS tables - but it's also data feed we'd have to setup and pay a service like $100 a month for, again I've discussed that. that said, we have an earnings calendar in the newsletter - you can pull up the page and use CNTR/F on your keyboard to look up earnings for stocks, it's been there for 15 years as  a resource - maybe we can also put the same link on the STS tables page, but again the earnings resource has always been here

https://hosting.briefing.com/cschwab/Calendars/EarningsCalendar5Weeks.htm 

Your comment: As it stands, there is zero finance on the "only finance site you'll ever need." come on man, feels like a dig for no reason

that 'only finance site you will ever need' honestly that was on the template for the webpage when we bought a template to use way back then yeah it's cheesy but I didn't bother messing with it. 

I work my ass off here, don't go to places a lot of times with family because I work too much. Please guys, things are not perfect here and can be a bit haphazard and not polished, that said I think we do a hell of a job with our analysis and systems and educational,  I'd appreciate giving some leeway to things and hold back on some criticisms 

Trade statistics to some of the mean reversion systems

Posted by matt on 23rd of Apr 2024 at 07:06 pm

I'm not showing all the updated stats for the closed out mean reversion systems but here's two of the SPY systems

CCI divergence and Tren/Pullback

FUTU, AQST

Posted by matt on 23rd of Apr 2024 at 06:57 pm

FUTU - Chart Link- very nice weekly base/coil setting up

AQST - Chart Link-

AZ smart cart

Posted by matt on 23rd of Apr 2024 at 06:49 pm

AZ - Chart Link been watching this wedge like pattern forming. Seems like a washout with that last volume pick up on the sell off, for once it closed above its 9 EMA which is a start - we'll see...

SPY and ES are different SPY

mean reversion systems

Posted by matt on 23rd of Apr 2024 at 06:31 pm

SPY and ES are different

SPY cash market opens at 9:30 am, closes at 4:00 pm - SPY QE BTS will exit tomorrow on the open (but we exited it today as I forget about that)

ES trades 23 hrs a day except for weekends. The closing bar for ES is 4 pm, the next day's bar opens back at 5 pm

ES closing bar is tomorrow at 4 pm.  

Also - the system holding ES is the Trend/Pullback -that one DOES NOT exit on the next open bar, only the close - which is tomorrow.  The QE BTS for SPY exits next bar open, I think its the only system that does that

now that the new ES

mean reversion systems

Posted by matt on 23rd of Apr 2024 at 06:18 pm

now that the new ES bar has opened for tomorrow, the Trend/Pullback ES systems is looking to exit at close of bar tomorrow

mean reversion systems

Posted by matt on 23rd of Apr 2024 at 06:10 pm

On the SPY and ES mean reversion systems, as you know most exited: the SPY QE BTS exits tomorrow morning at the open but we exited today.

The SPY Trend/Pullback is still long. Since it has met its first mean reversion target, I'm electing to exit 1/2 of the position and leave the other 1/2 for the system to exit. 

1st entry 2 contracts, selling 1. 2nd entry 4 contracts, selling 2, and 3rd entry was 6 contracts, selling 3,

this leaves 1, 2, and 3 contracts for 1st, 2nd, and 3rd

here's the table - I'm using current MES prices here

NICE gains! Again realize on things like MES futures not everyone is going to do 3 and 6 contracts, some would do 1/2 that 1,2,3, while some folks may do a lot more or use ES futures instead who have larger accounts, and some who don't want to trade futures can alway substitute the ETF's in place of MES futures 

that said there is a big tax benefit of futures over ETF's, for futures you have the 60/40 tax rule where 60% of your gains are taxed at long term capital gains, and the other 40% are taxed at short-term cap gains. For stocks, you have to hold for over a year to get that, but for futures you can hold for 1 second and still get that - kind of a tax loophole for the rich basically. If you are rich it's best to buy futures over ETF's

price back to the ATR on 130 min on QQQ and SPX

Posted by matt on 23rd of Apr 2024 at 04:32 pm

I can't possibly communicate all

TSLA earnings...some gas

Posted by matt on 23rd of Apr 2024 at 04:23 pm

I can't possibly communicate all those manually here in real time, just simply pointing out now since you guys own it

hopefully Jame gets that completed here later this week so that it's automated

it has to be automated - I can't keep up with trading to manually communicate those

if it helps - the

TSLA earnings...some gas

Posted by matt on 23rd of Apr 2024 at 04:21 pm

if it helps - the high performance KISS TSLA 130 min system went long this morning at at 11:40, I'm in the trade because the trade automation from Tradestation bought it in my account, I decided to just follow the system regardless of earnings

damn I always forget about this -on the SPY mean reversion systems the QE BTS exits longs NOT at the close but on the following morning open - see attached image, the QE BTS is on the upper right notice it didn't close out, but has the exit on the trade bar - it will exit tomorrow morning.  That said I already sent the alert so I'll just use today's prices. 

ES bar hasn't closed yet which is why you still see those open

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