MJN is tugging on my line,but I'm wondering if anyone knows for
sure if its a "pot stock?" IBD has it listed as a "baby formula"
manufacturer which should make it easier to launder any profits in
the time of Trump.
For those of us that have been with you for years and for all of
us,
I do appreciate your patience and calm deliberation without much
political commentary. You're both good teachers, and it's been very
fun to watch how you've developed over the years.
Laouuu, When discussing "long term" trend changes it's likely
best to at least consider "long term" charts .... eg weekly or even
monthly patterns over many years. We have seen 3 good months and 9
days of progress in the price of $Natgas, but damn take a peek at
the ten month collapse in 2008 and then consider what's
happened since 2013. Looks to me like we have a ways to go before
calling a "long term" trend change.
Still, as Steve might council, looks like we've got a 9 - 20
squeeze on the monthly charts and if you really want to trade "long
term" using monthly charts, well ..... what's your trigger?
We don't need another newsletter. I'd love one, but none of us,
if we've listened, can be surprised or discomforted by today's
action. What news can you possibly provide that might take
precedence over your "family commitments?" Thanks again for all you
and Steve do, Matt. Get some rest and resolve any "technical
issues" before you give us - or certainly, me - a minute of your
time.
Hum? I'm probably wrong but I don't remember Steve referencing
call options previously. Very interesting. Does this mean that 1.2
M Jan. 17 OIH calls were purchased @ $1.04 and that 37K USO calls
were purchased for 1/22/16 @ 9.5? I apologize for my ignorance but
I'd like to know more and I'm not even quite sure what to ask!
Thanks, Steve. I'll listen to the newsletter to see if there is
clarity already addressed. I do love your newsletters, Steve. I
don't think I've missed one in years.
Clarity:
OIH 11,650 contracts and USO 37,000 contracts for the date and
strike prices listed below. I also added text below to my
original message.
Thanks, so much, for the regular contributions you make to BPT.
I love this most recent post as it underscores an idea not often
promulgated here as BPT is mostly a "traders website" emphasizing
teaching, education, and "stock set-ups" that have high probability
low risk potential. HD has been a terrific long term buy for me and
my family. We didn't buy it in 1981 but we did get in several years
ago.
The real challenge, of course, is to identify these
"opportunities" well in advance of their explosion and have the
fortitude and vision to remain committed. I'm curious about whether
or not you have found such gems and kept them through "thick and
thin." I'd guess you haven't, but I'm curious. I'd also, of course,
be very interested in the specific prospects (symbols) you see
encouraging for the future.
It is because of friends like you (and Matt & Steve, of
course) that I remain a dedicated follower of BPT. BPT has in fact
been my most important investment in the last several years, and
though it hasn't paid me as well as HD paid since 1981, I'm still
committed.
So, once again, thank you for your work and willingness to
share. More specifically, your pointing out the conditions for last
Thursday/Fridays trade has been very successful. I look forward to
reading more.
I just love this site! There are so many good
people sharing so much good stuff I cannot believe my good
fortune.
Sbaxman’s comparison of 2011 to 2015 was my
favorite post yesterday although it didn’t seem to warrant
inclusion in the “notable posts” e-mail. The notable posts email
was a terrific recent upgrade that I have not thanked BPT for, but
if I miss daily postings the summary is helpful.
Bruce’s (sbaxman111’s) post yesterday was
provocative.
I found it interesting for several reasons.
First, as already mentioned on BPT, the point value of the falls
are actually very similar. In 2011 we dropped more, but not
appreciably more unless you consider the percentage drop. In 2011
the percentage drop was over 20% whereas our most recent decline
was just above 10%.
Next, it took several more months for the
recovery in 2011 to finally catch, hold, and resume the up-trend.
If we were to follow
a similar pattern to 2011, we’d have at least a few more months of
serious volatility – probably even making another “lower low”
before catching and moving back to the upside.
Finally, everyone seems to have mostly
forgotten what exactly provided the catalyst for the 2011 20+ %
correction. I’d guess if I were to ask most people (even those on
BPT) why the markets fell in 2011, they would not remember, nor
would they really have a clue or care.
We should remember though. In 2011, the last
real “correction” in this incredible bull market, the catalyst was
our dysfunctional Congress and our eventual realization that we had
to raise the debt ceiling in order to continue the party.
Interestingly, AFTER Congress eventually grudgingly raised the
ceiling, the Standard and Poor rating agency downgraded US debt for
the first time in history and the markets dropped like a stone.
They did recover because we were back to “business as usual” and
there was plenty of money to fuel further speculation. Now however,
we are back to the need to again raise the debt ceiling, and our
friends in Congress cannot seem to decide upon who will lead them
forward. Will it be the “Freedom Caucus” who sees raising the debt
ceiling as the problem rather than the solution, or will John
Boehner and “cooler conservative heads (Paul Ryan) prevail? We
really don’t know. And that is why, I think, we should anticipate
further uncertainty and volatility.That's why I will continue my
subscription to BPT.
Going into this “debt ceiling debate decision”
– there really isn’t any debate – (we know what will happen if we
don’t raise the ceiling,……) it is certainly a good time to be very
cautious and even risk “an objective entry” against the
markets.
Stay tuned, “stay nimble,” and watch for a
return to the wilderness in the next few weeks.
Joe is on the wall (teli-) telling us he's not running for
President) and he won't shut up. I'm really glad for him and for
us. The markets should soar, but well, we know that won't happen,
or
Nobody seems to have mentioned this, but it looks to me like DVY
is setting up for an RSI2 system trade - as it has been below
(RSI2) 5 for two days. It hasn't closed yet, but today's gap down
(and now the fill) has kept the RSI2 depressed. Unless there are
some magic custom indicators not yet made apparent, it looks like
we could get a trade at the end of the day. Will Matt have time to
let us know before the close,
I'd guess it's clear to everyone but me but I'd like you to
specify what index you're referencing before asking for comments. I
also like Steve's suggestion/ continued caution
"Project/Monitor/& Adjust"...... Seems to me you're working
well with the "project" part of Steve's suggestion.... Thanks for
your willingness to share but I'm still trying to figure out what I
should be commenting upon.
I've been trying to buy LTBR now for days and I haven't been
able to put it together. It's worth watching for a trade and
possibly for a longer term hold if it will ever pull back.
I'm embarrassed to ask this but since I post so infrequently,
can anyone direct me to the BPT directions for linking stock charts
texts to a post? Thanks
Wow! Thanks BPT for sharing the first pot
stock I've seen. I'm only sorry I didn't see this a month ago. What
a rocket/racket! I'd love to know about the other public companies
plunging into this business. I voted against legalization in WA
thinking that the only winners would be the banks and big tobacco.
I may have been wrong and certainly (from my point of view)
decriminalization is a good idea. But, Matt, a bullish % index
would be great publicity for BPT! What fun!
Always enjoy your posts but I'm often confused by the
indicator/oscillators. Can you please tell me what the oscillators
(blue and red) are in your weekly DUST chart? Thanks so much for
all your willingness to share.
Glad I was on the website and checking at the close today or I'd
never have caught this. Could you please explain why this closed
out this PM? - although I was glad to book some gains........ I
didn't yet close out all of my energy positions, but when the
markets turn, they usually suffer.
Can anyone explain why the $BPENER dropped Monday while the
prices of XLE and OIH have surged? Which components of the $BPENER
have lost their point and figure bullish bias?
CF - possible short??? - manufactures fertilizer - other
things - is in a strong sector - and reports tomorrow. IBD numbers
are excellent so I'll be careful shorting this, but it will be fun
to watch.....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
WEYL has popped 50% today
Posted by bbaz1 on 28th of Jun 2018 at 03:51 pm
WEYL has popped 50% today with news of insider buying, but I'm not buying yet. I do like the company.
MJN - Pot Stock?
Posted by bbaz1 on 24th of Jan 2017 at 12:16 pm
MJN is tugging on my line,but I'm wondering if anyone knows for sure if its a "pot stock?" IBD has it listed as a "baby formula" manufacturer which should make it easier to launder any profits in the time of Trump.
Post didn't work! I was
Posted by bbaz1 on 8th of Nov 2016 at 11:18 am
Post didn't work! I was trying to show how using Matt's 10 min stochastic momentum system again outlined last night is working this AM.
stochastic setup using F's 10 min system
Posted by bbaz1 on 8th of Nov 2016 at 11:16 am
Thanks, Matt, for all the time you invest.
$NatGas Matt & Steve as patient teachers & Laouuu
Posted by bbaz1 on 9th of Jun 2016 at 04:04 pm
Matt & Steve,
For those of us that have been with you for years and for all of us,
I do appreciate your patience and calm deliberation without much political commentary. You're both good teachers, and it's been very fun to watch how you've developed over the years.
Laouuu, When discussing "long term" trend changes it's likely best to at least consider "long term" charts .... eg weekly or even monthly patterns over many years. We have seen 3 good months and 9 days of progress in the price of $Natgas, but damn take a peek at the ten month collapse in 2008 and then consider what's happened since 2013. Looks to me like we have a ways to go before calling a "long term" trend change.
Still, as Steve might council, looks like we've got a 9 - 20 squeeze on the monthly charts and if you really want to trade "long term" using monthly charts, well ..... what's your trigger?
Thanks for your participation.
Potential new Long today
Potential new LONG signal today
Posted by bbaz1 on 13th of Jan 2016 at 07:33 pm
sbaxman111 - Wow! Now this is a great post! Thanks. Straight up facts leading to a "conservative scale in % trade." Well done. You continue to thrill!
Newsletter; technical issues; family
Posted by bbaz1 on 13th of Jan 2016 at 07:22 pm
We don't need another newsletter. I'd love one, but none of us, if we've listened, can be surprised or discomforted by today's action. What news can you possibly provide that might take precedence over your "family commitments?" Thanks again for all you and Steve do, Matt. Get some rest and resolve any "technical issues" before you give us - or certainly, me - a minute of your time.
OIH USO "Bullsh bet"
Bullish bet in OIH 11650 Jan17 30.0 Calls bot $1.04..1.2M ...
Posted by bbaz1 on 13th of Jan 2016 at 07:10 am
Hum? I'm probably wrong but I don't remember Steve referencing call options previously. Very interesting. Does this mean that 1.2 M Jan. 17 OIH calls were purchased @ $1.04 and that 37K USO calls were purchased for 1/22/16 @ 9.5? I apologize for my ignorance but I'd like to know more and I'm not even quite sure what to ask! Thanks, Steve. I'll listen to the newsletter to see if there is clarity already addressed. I do love your newsletters, Steve. I don't think I've missed one in years.
Clarity:
OIH 11,650 contracts and USO 37,000 contracts for the date and strike prices listed below. I also added text below to my original message.
Home Depot & finding good stocks for "long term" investing
Best stock performer
Posted by bbaz1 on 18th of Nov 2015 at 08:36 am
Thanks, so much, for the regular contributions you make to BPT. I love this most recent post as it underscores an idea not often promulgated here as BPT is mostly a "traders website" emphasizing teaching, education, and "stock set-ups" that have high probability low risk potential. HD has been a terrific long term buy for me and my family. We didn't buy it in 1981 but we did get in several years ago.
The real challenge, of course, is to identify these "opportunities" well in advance of their explosion and have the fortitude and vision to remain committed. I'm curious about whether or not you have found such gems and kept them through "thick and thin." I'd guess you haven't, but I'm curious. I'd also, of course, be very interested in the specific prospects (symbols) you see encouraging for the future.
It is because of friends like you (and Matt & Steve, of course) that I remain a dedicated follower of BPT. BPT has in fact been my most important investment in the last several years, and though it hasn't paid me as well as HD paid since 1981, I'm still committed.
So, once again, thank you for your work and willingness to share. More specifically, your pointing out the conditions for last Thursday/Fridays trade has been very successful. I look forward to reading more.
Sincerely,
Wally D (BBAZ)
sbaxman111 comparing 2011 to 2015
Posted by bbaz1 on 21st of Oct 2015 at 01:57 pm
I just love this site! There are so many good people sharing so much good stuff I cannot believe my good fortune.
Sbaxman’s comparison of 2011 to 2015 was my favorite post yesterday although it didn’t seem to warrant inclusion in the “notable posts” e-mail. The notable posts email was a terrific recent upgrade that I have not thanked BPT for, but if I miss daily postings the summary is helpful.
Bruce’s (sbaxman111’s) post yesterday was provocative.
I found it interesting for several reasons. First, as already mentioned on BPT, the point value of the falls are actually very similar. In 2011 we dropped more, but not appreciably more unless you consider the percentage drop. In 2011 the percentage drop was over 20% whereas our most recent decline was just above 10%.
Next, it took several more months for the recovery in 2011 to finally catch, hold, and resume the up-trend. If we were to follow a similar pattern to 2011, we’d have at least a few more months of serious volatility – probably even making another “lower low” before catching and moving back to the upside.
Finally, everyone seems to have mostly forgotten what exactly provided the catalyst for the 2011 20+ % correction. I’d guess if I were to ask most people (even those on BPT) why the markets fell in 2011, they would not remember, nor would they really have a clue or care.
We should remember though. In 2011, the last real “correction” in this incredible bull market, the catalyst was our dysfunctional Congress and our eventual realization that we had to raise the debt ceiling in order to continue the party. Interestingly, AFTER Congress eventually grudgingly raised the ceiling, the Standard and Poor rating agency downgraded US debt for the first time in history and the markets dropped like a stone. They did recover because we were back to “business as usual” and there was plenty of money to fuel further speculation. Now however, we are back to the need to again raise the debt ceiling, and our friends in Congress cannot seem to decide upon who will lead them forward. Will it be the “Freedom Caucus” who sees raising the debt ceiling as the problem rather than the solution, or will John Boehner and “cooler conservative heads (Paul Ryan) prevail? We really don’t know. And that is why, I think, we should anticipate further uncertainty and volatility.That's why I will continue my subscription to BPT.
Going into this “debt ceiling debate decision” – there really isn’t any debate – (we know what will happen if we don’t raise the ceiling,……) it is certainly a good time to be very cautious and even risk “an objective entry” against the markets.
Stay tuned, “stay nimble,” and watch for a return to the wilderness in the next few weeks.
What fun!
Joe Biden & markets
Posted by bbaz1 on 21st of Oct 2015 at 12:31 pm
Joe is on the wall (teli-) telling us he's not running for President) and he won't shut up. I'm really glad for him and for us. The markets should soar, but well, we know that won't happen, or
will it?
DVY Trade ?? 2 days < 5 RSI2
Posted by bbaz1 on 3rd of Mar 2015 at 02:35 pm
Nobody seems to have mentioned this, but it looks to me like DVY is setting up for an RSI2 system trade - as it has been below (RSI2) 5 for two days. It hasn't closed yet, but today's gap down (and now the fill) has kept the RSI2 depressed. Unless there are some magic custom indicators not yet made apparent, it looks like we could get a trade at the end of the day. Will Matt have time to let us know before the close,
Please correct me if I'm wrong.
project, monitor, adjust
10 point move back into value area on TF - ...
Posted by bbaz1 on 6th of Nov 2014 at 09:51 am
by following the thread on BPT I just figured out your monitor of the $RUT. My apologies.
Any comments?
10 point move back into value area on TF - ...
Posted by bbaz1 on 6th of Nov 2014 at 09:44 am
I'd guess it's clear to everyone but me but I'd like you to specify what index you're referencing before asking for comments. I also like Steve's suggestion/ continued caution "Project/Monitor/& Adjust"...... Seems to me you're working well with the "project" part of Steve's suggestion.... Thanks for your willingness to share but I'm still trying to figure out what I should be commenting upon.
Low Priced; under accumulation Rated IBD stock - LTBR Uranium alt. consulting
Posted by bbaz1 on 21st of Jan 2014 at 03:57 pm
I've been trying to buy LTBR now for days and I haven't been able to put it together. It's worth watching for a trade and possibly for a longer term hold if it will ever pull back.
I'm embarrassed to ask this but since I post so infrequently, can anyone direct me to the BPT directions for linking stock charts texts to a post? Thanks
Legalizing Marijuana
Posted by bbaz1 on 16th of Jan 2014 at 01:25 pm
Wow! Thanks BPT for sharing the first pot stock I've seen. I'm only sorry I didn't see this a month ago. What a rocket/racket! I'd love to know about the other public companies plunging into this business. I voted against legalization in WA thinking that the only winners would be the banks and big tobacco. I may have been wrong and certainly (from my point of view) decriminalization is a good idea. But, Matt, a bullish % index would be great publicity for BPT! What fun!
indicators on weekly Dust?
DUST WEEKLY
Posted by bbaz1 on 19th of Apr 2013 at 04:11 pm
Always enjoy your posts but I'm often confused by the indicator/oscillators. Can you please tell me what the oscillators (blue and red) are in your weekly DUST chart? Thanks so much for all your willingness to share.
$BPENER XLE system
Posted by bbaz1 on 30th of Jan 2013 at 04:06 pm
Glad I was on the website and checking at the close today or I'd never have caught this. Could you please explain why this closed out this PM? - although I was glad to book some gains........ I didn't yet close out all of my energy positions, but when the markets turn, they usually suffer.
$BPENER diverges from price of OIH & XLE
Posted by bbaz1 on 2nd of Jan 2013 at 10:40 am
Can anyone explain why the $BPENER dropped Monday while the prices of XLE and OIH have surged? Which components of the $BPENER have lost their point and figure bullish bias?
Short Ideas??
Posted by bbaz1 on 3rd of Aug 2012 at 09:05 am
CF - possible short??? - manufactures fertilizer - other things - is in a strong sector - and reports tomorrow. IBD numbers are excellent so I'll be careful shorting this, but it will be fun to watch.....