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Silver

Posted by matt on 17th of May 2024 at 03:14 pm

SLV - Chart Link- monthly SLV

$SILVER - Chart Link- remember Silver broke out of it's bullish triangle and had a successful backtest of previous resistance turned support - that was super low risk area to load up if you were not already long

USAU

Posted by matt on 17th of May 2024 at 03:10 pm

USAU - Chart Link- all the pm stocks are doing great, this was a lower priced new one I had in Wednesday's newsletter, nice pop last couple days, esp today

ha ha Steve and I

BA daily   watching

Posted by matt on 17th of May 2024 at 03:06 pm

ha ha Steve and I know a couple guys, that's all they do, look for large level 2 offers and scalp all day - the guys are good at what they do but so fast, I tried to follow some of their trades in a chat room and when I was getting my  order in they were already scaling out LOL.  They are almost high frequency human bot traders 

 Those guys are lightning trades LOL, so damn fast - not my style, I do some day trades on momo stocks and futures, but I like to catch more swing trades  - and I'm so busy anyway interacting with customers, and working on systems, website stuff, no time for me to hyper focus all day long on level 2 scalping 100s of times

sorry I was trying to

BA daily   watching

Posted by matt on 17th of May 2024 at 02:58 pm

sorry I was trying to post this in time but BA just popped. here's the image, BA had a fairly large offer there at 184.18, here is shows 4103 shares offered there, but it was 7,000  - when those large offers match a resistance level, generally you get a quick pop once that offer is taken out

anyway price took that offer before I was able to post, but this can be an educational example

YINN, BABA continue to follow through

Posted by matt on 17th of May 2024 at 12:07 pm

YINN - Chart Link- added a new demand zone below, and supply zone above

BABA - Chart Link

UNG continues, Commodities higher

Posted by matt on 17th of May 2024 at 12:06 pm

remember the BPGDM updates intra day now, you can always  check it anytime. No changes - just pull up the URL from a past trading community post or newsletter

also you have to think about how those trending systems work: They are going to do very well catching wave 3 trending moves, but could have a propensity to get some chop on wave 2's and 4's where they may not react fast enough or on noise.

the system caught a massive wave 3, and that reversal signal on was triggered by a wave 4.  My guess would be that if it goes back long here it will be sometime in the wave 5 - which also puts it at risk to not make much or be another whipsaw if wave 5 doesn't trend for a while. 

also keep in mind that GDX's biggest weighting is NEM, which hasn't been as strong as the others - the strongest have been the silver stocks 

GDX KISS should be a new STS today

Posted by matt on 17th of May 2024 at 10:56 am

hella move in the metals and stocks

IREN, TMDX

Posted by matt on 17th of May 2024 at 09:55 am

IREN - Chart Link- excellent pick by MLA the other day, wasn't shown in last night's newsletter, was in my Monday newsletter but I wanted to give kudos to MLA127. 

TMDX - Chart Link- some of these trade ideas that triggered 2 and 3 weeks ago continue to trend higher, simply trail those stops up

LU still one to watch, tightly coiled

Posted by matt on 17th of May 2024 at 09:50 am

LU - Chart Link- idea from Monday that hadn't triggered yet

VIX 2hr and daily

Posted by matt on 17th of May 2024 at 09:40 am

$VIX - Chart Link- some nice divergence on the MACD via 2hr time frame

$VIX - Chart Link- the daily had RSI 5 divergence

ES breakout system

Posted by matt on 16th of May 2024 at 04:20 pm

As you know, mid day I sent out an alert that I was exiting 1/2 of the open MES breakout system trade. ES is about 25 points lower from that exit, too early to say if wave iv has started yet but it also could have.  Still have an open contract of course with stop in place above entry

FUTU updated view

Posted by matt on 16th of May 2024 at 03:42 pm

FUTU - Chart Link haven't posted this in a while, been holding a position because of the weekly chart break about a month ago

MU testing previous highs, nice trade

Posted by matt on 16th of May 2024 at 11:43 am

for COST, KISS system on

COST 800+

Posted by matt on 16th of May 2024 at 11:01 am

for COST, KISS system on the website went long April 9th, not a bad entry at all

https://breakpointtrades.com/ts/view_chart.php?s=COST&g=NASDAQ_100 

ha ha yeah man I have this big inventory of t-shirts

I always joke about it, I need to make an online store for those, will sell at cost not to make money, I just find the T-Shirts hilarious as you won't find others with statements like that on them, unique LOL

Update: UNG continues higher

UNG continues higher

Posted by matt on 16th of May 2024 at 10:05 am

IREN - Chart Link- very nice trade so far

UNG continues higher

Posted by matt on 16th of May 2024 at 09:41 am

UNG - Chart Link- nice swing out of that wedge

$NATGAS - Chart Link- and again Natural Gas did come out a big support level that has held for 29 years

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