$SPX - Chart Link- last night I commented on
the abc pulling looking like a wave 4, and we got another pop this
morning in that wave 5. That could be wave 5 of C or of the more
bullish 3. Either way now we have some MACD divergence
SBUX - Chart Link- the CCI had spiked below
-300 and formed a divergence with price and along with the MACD
divergence on the 60 min time frame and doji candle as a trigger
was a perfect setup
here's past examples of it
https://breakpointtrades.com/blog/post/292951/
also if you want to scan for these setups, here's my personal
scan, SBUX was on the scan 2 days ago
[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]]
META - Chart Link- does anyone know of an
inverse ETF for META? I found a -3X one but it's on the London
Exchange LOL. trying to find a way to short it in my IRA
just like TSLA has an inverse ETF, figured there has to be one
for META, does anyone know symbol?
$VIX - Chart Link- shows the gap fill, MACD
divergence is building now
$VIX - Chart Link- daily - notice the lower
Bolilnger Bands and the slope, that makes it impossible for the VIX
to close back below the lower BB's without first a bounce in the
VIX that causes the lower BB's slope to turn back up
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SPX comments
Posted by matt on 9th of May 2024 at 11:54 am
$SPX - Chart Link- last night I commented on the abc pulling looking like a wave 4, and we got another pop this morning in that wave 5. That could be wave 5 of C or of the more bullish 3. Either way now we have some MACD divergence
$SPX - Chart Link- 15 min I showed last night
a pullback now under a bullish view would be as a wave 4, under a more bearish view would be a completion of wave C
following up on trade ideas
Posted by matt on 9th of May 2024 at 11:42 am
BLFS - Chart Link - short that continues to work out
SLQT - Chart Link - hopefully you sold with Mortimer this morning
NVT - Chart Link- nice follow through
FE - Chart Link- nice follow through
CEG - Chart Link- new follow through
CIVI - Chart Link- new breakout
SBXU nice! was a perfect CCI bungie setup
Posted by matt on 9th of May 2024 at 11:37 am
SBUX - Chart Link- the CCI had spiked below -300 and formed a divergence with price and along with the MACD divergence on the 60 min time frame and doji candle as a trigger was a perfect setup
here's past examples of it
https://breakpointtrades.com/blog/post/292951/
also if you want to scan for these setups, here's my personal scan, SBUX was on the scan 2 days ago
[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]]
yep! was down initially, nice
AUR nice
Posted by matt on 9th of May 2024 at 11:30 am
yep! was down initially, nice to see it rebound, got close to the 20 day MA then bounced
wow congrats on that! maybe now
VITL daily i dont own it but wish i ...
Posted by matt on 9th of May 2024 at 10:01 am
wow congrats on that!
maybe now talk to Mortimer!
YINN rebounded off support
Posted by matt on 9th of May 2024 at 09:58 am
YINN - Chart Link- had quite a move, pulled back to test support yesterday, rebounded
nice thank you!
XOM - follow-up from the newsletter last night - Dividend ...
Posted by matt on 9th of May 2024 at 09:57 am
nice thank you!
SLGT - Sell Mortimer Sell
Posted by matt on 9th of May 2024 at 09:56 am
SLQT - Chart Link- take some damn profits if you haven't
VIX 60 min
Posted by matt on 9th of May 2024 at 09:53 am
$VIX - Chart Link- after filling the gap yesterday, bouncing today, MACD divergence
META - inverse ETFs?
Posted by matt on 9th of May 2024 at 09:52 am
META - Chart Link- does anyone know of an inverse ETF for META? I found a -3X one but it's on the London Exchange LOL. trying to find a way to short it in my IRA
just like TSLA has an inverse ETF, figured there has to be one for META, does anyone know symbol?
Wednesday May 8th, 2024 Newsletter and Video
Posted by matt on 8th of May 2024 at 08:50 pm
Youtube video finally uploaded - apparently Youtube had an outage, tons of people were complaining about their videos taking forever to upload
Youtube Video Wednesday May 8th, 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 Wednesday May 8th standard Webpage Format - contains all the dynamic chart links
BPGDM Renko
Posted by matt on 8th of May 2024 at 05:50 pm
$BPGDM - Chart Link - I haven't posted this in a while, is on a sell finally from yesterday
SBUX
Posted by matt on 8th of May 2024 at 05:05 pm
SBUX - Chart Link one of you guys pointed out the CCI bungie setup yesterday, triggered today
SBUX - Chart Link
SBUX - Chart Link monthly longer term looks like crap
not surprised, that ARM chart
ARM down about 10 percent in AH.
Posted by matt on 8th of May 2024 at 04:21 pm
not surprised, that ARM chart looked vulnerable in the first place, 3 wave bounce, MA bearish squeeze etc
Updated Yield Curve historical
Posted by matt on 8th of May 2024 at 04:18 pm
I went ahead and updated the data here since this chart was from March.
Now we are 547 days inverted, which is more than all others except for the late 1920's
of course it's different this time and doesn't matter right? yeah LOL
VIX gap fill, etc
Posted by matt on 8th of May 2024 at 04:17 pm
$VIX - Chart Link- shows the gap fill, MACD divergence is building now
$VIX - Chart Link- daily - notice the lower Bolilnger Bands and the slope, that makes it impossible for the VIX to close back below the lower BB's without first a bounce in the VIX that causes the lower BB's slope to turn back up
that's awesome, thx, I bookmarked
10 Year Note Auction Today and 30 Year Bond Auction ...
Posted by matt on 8th of May 2024 at 12:53 pm
that's awesome, thx, I bookmarked it
STNG, BLFS nice ideas from Steve last night
Posted by matt on 8th of May 2024 at 12:52 pm
STNG - Chart Link- nice pop
BLFS - Chart Link- and his short worked out too
SLQT, FE, CEG, NVT nice follow through on these ideas
Posted by matt on 8th of May 2024 at 12:51 pm
SLQT - Chart Link- I completely missed that SLQT, hope some others caught it at least
FE - Chart Link-
CEG - Chart Link-
NVT - Chart Link-
Bitcoin 4hr
Posted by matt on 8th of May 2024 at 12:47 pm
$BTCUSD - Chart Link- price keeps riding that broken downtrend line