Can you include the intraday chart in a newsletter this week and show us how you played it and in what timeframe?  Would be a great educational piece for anyone wanting to take a shot intraday.

I don't get it, Matt.  Maybe I'm wrong but...it appears that you and Steve have held this "story" stock for a several years for fundamental (not technical) reasons...riding it all the way down.  The two of you are so disciplined and successful trading based upon the charts and technical factors, why would you do so?   It seems completely out of character for both of you.  My apologies if I have this wrong, but that's the impression I have and it seems contradictory to all you espouse.

Stock closed February 6th at $1.51 with volume of 114,000 shares. On February 7th the stock touched $41.00 intraday on nearly 22 million shares. Just curious: Did they announce they found a way to bottle the fountain of youth?   

Just incredible.  And I bet his fee is calculated as a "% of assets under management" rather than "by the hour".  

Why not just help them do the bond ladder yourself and drop the "advisor"?

Bought in last week at $14.08.  i agree this could move quickly in either direction.  What timeframe are you using for your stop?

Lots of great tidbits throughout last night's video, Matt...thank you.

I'm confused about AZ. It was brought to the BPT community's attention a few years back for fundamental rather than technical reasons.  I bought and sold at a slight loss a long time ago.  

Here's my question:  If this stock was bought for fundamental reasons AND held through the long draw down, wouldn't updated fundamentals (not technicals) determine whether it's wise to continue holding (or even averaging down) at this point in time?

AI just imploded

Last night's newsletter playing Monday night's commentary!

Which always begs the question: Do you take the long side trade right here (with a tight stop), or do you wait for a breakout...and why? 

Is it simply a question of individual preference and style or do other technical factors come into play?

Never quite understand that but...on just about any time frame (daily, hourly, 5 minute), if you're using a candlestick chart you would have been stopped out.  Giving it more room than today's spike low near the open is the equivalent of not using a stop at all.

I was taken out at the open.  You have to draw some line in the sand...

Mine was fine; just watched and listened to it.

BOIL: Matt, You noted in last night's newsletter you like the long base in Nat Gas and would monitor the current pullback for entry.  I bought BOIL and cashed out end of day of the 1-20 reverse split.  What would be your re-entry trigger?

Decided to take my 14% gain rather than hold through the weekend. 

BOIL - 

Matt: A few days ago you mentioned you were in BOIL. I bought in the other day at $3.14. Today the stock had a reverse split 1 for 20 and is up 5%. Do you read anything negative into the reverse that would cause you to cash out of the ETF?   Usually reverse splits are perceived to be negative.  The chart looks positive.

Took a look at the scan list this morning.  Made a short list of five to watch (probably too many).  Traded two (UCAR and PCT).  Made a few dollars but still learning.  Most of these stocks move quickly in either direction. Learning to trust the patterns, trust my instincts and keep stops tight...though I suspect it's better to give them more room for a bigger payday. Any specific tips, Matt?

I agree about Google. Bought in at $110.75...sold yesterday at $124.  Haven't liked the feel of the stock since it produced that big red candle on the daily chart (after making a new high) about 2 weeks ago.

Gap higher at the open then big red candle with huge volume on the 5 minute chart for NVDA, META, MSFT, AAPL and GOOG.  Anything to that? ,

For June ("the week after June week 3") I assume he means the trading week that follows the third trading Friday of the month. Is that right?