3309 Drysdale Ct
Edwardsville, IL 62025
Appreciate this basic review of lessons you've repeatedly stated
over the years. Easy to follow examples.
Thank you Matt or Steve for mentioning NAKD a few weeks ago.
Took a flyer at $0.64 back then. Waited patiently.
Today it exploded higher. Watched on a 5 minute chart
as it continued to rise and rise and rise. Once it hit
$1.17 I put in a stop at $1.11. Taken out on 1st big
red candle. Great score; perfectly content not selling at the
very top; who can? Thank you.
Honest question: Is every "V" shaped pattern (following an
earlier runnup) the "cup" of a potential cup & handle? If
not, what distinguishes one "V" shaped rally (that is a cup)
from another that isn't a cup?
Perhaps the "vaccine" news was more hype than real progress??
The timing of that announcement certainly seems suspicious
(just over an hour before the opening bell on a Monday).
Bought yesterday at $2.25, out today at $2.55. Thank you
Steve and Matt for the idea.
That said, I monitored today's parabolic upside move on a 5
minute candlestick chart, looking for a reversal candle/sell
signal. Stock quickly crossed $2.65 then a big red candle
with a wick at top. Wanted to give it room in case it pushed
higher again. Set stop at $2.55. Another red candle hit
$2.55 and I was out. Could I have done better or is that just
greed? The topping candlestick appeared quickly though it was
obvious the move could not be sustained.
So much for a free market and taking risks. Other than
bailing out someone or some group of people, what is the purpose of
buying this crap with our tax dollars?
Unemployment # is much higher than that. People are unable
to file. I know several individuals who have yet to complete
the process. Online enrollment has problems, people cannot
complete the application and are required to call...call volume is
overwhelming the system...people can't get through. I know
someone who has tried for hours each day throughout April.
eventually gets through only to receive a message that the
unemployment office has reached it call limit for the day.
Unfortunately, the numbers are going higher before new claims
I agree with your sentiment, but the woman in line before you
isn't the real problem. Let's first address the biggest
outrages in front of us: corporations and banks being bailed out.
Back in 2008 when Goldman Sachs was on the ropes, the federal
government stepped in with $10 billion and bailed them out.
Feds didn't even insist on a % interest in future profits in
exchange for the risk they were taking on. All downside risk
without any upside other than the possibility the funds would be
paid back. Goldman were not the only ones, and I suspect much
the same is happening once again. With that backdrop, it's
hard to get worked up about people taking advantage of the $600
Sorry for your sad news, Steve. May she rest in peace.
Bold call. Not seeing it or feeling it at the moment.
Separate note. Not buying the concept being tossed around
Twitter that miners are selling off because of margin calls on
those who were highly leveraged in S&P and FANG stocks. That
seems preposterous. Perhaps the first day or two of the
waterfall decline, but now? Don't believe there are that
many traders with leveraged positions who also held large
positions in gold/silver miners that still have much to liquidate.
Anyone have other thoughts as to why this sector sold off
when always thought of as a safe haven?
In your opinion, where's first major support: at 21.7K?
Or somewhere higher? More curious than interested in jumping
Wouldn't the story be the same for nearly all industries in the
US (aerospace, automobile, chemical, consumer electronics,
non-durable and durable manufacturing, computers, housing
construction, pharmaceuticals, etc.)?? Apple and Coca Cola
have already put forth that message. Only service related
businesses and software would escape. No?
Given the current world/market environment, would you say it's
more prudent to wait for a break above the pattern (giving up 4% or
so), or better to take trade here with a stop just below Friday's
Important reminder. Thank you.
Question is: Who do they sell it to when they eventually own all
Appreciate you explaining that distinction.
Anecdotally, it seems to me that every time there’s a one
or two day pullback in the market of any significance, one of the
SPY subsystems immediately takes an entry. Is this the nature
of the beast in uptrends, or is it something else? Whatever
happened to multi-day corrections? Perhaps you could touch
upon that when you next record a video that touches upon these
Guess we'll know the answer next week.
Matt, Appreciate the effort you and Steve put forth day in/day
out, always start my day with the newsletter.
Question: How can sentiment be described right now as "too
bearish"? Honestly. Majority of traders and investors
have a quiet smirk on their face and are counting their profits,
the market continues to move higher nearly every day, I can't find
anyone who is selling...and then comments like this start
appearing: "maybe the market will never go down". If
anything, sentiment seems euphoric to me. Could you please
explain what I'm missing?
Can someone explain to me why the "Commercials" are always
viewed by the market as being correct, and the "Speculators" not?
Should this really be the holy grail 100% of the time?
Honest question to better understand this report.
Looking for something deeper than that's how the "market"
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