I agree, I stopped out for a small loss this AM but will revisit there.  It's been a winner for me overall but don't want to take this ride down. 

XBI breaking down too

XLV healthcare looks to be breaking a bear flag down.

Trading the generals...

That was my hunch...probably risky playing that ascending triangle on SPY then?  

Anybody have an opinion on why the McClellan oscillators are in oversold territory on both intraday and daily and the market near all time highs? Are the generals leading and that's it? 

Ha, yeah, was hoping for a gap and go, but feel nearer to the bottom than top! 

Thanks for the chart, it may be worth taking a swing at the lower triangle trendline with a tight stop.

Thanks for that summarization; definitely all story stocks with great potential.  Hard to believe looking at the chart but I made good money trading GRYN and kept a core holding as well.  I think lack of any news is the reason for the chart drift.  

I wrote to the company; investor communications and requested a PIN so that I could read the latest on their website.  I got a very nice email back from the Communications Officer who sounded optimistic with new projects and the crop harvest. She said they should have some news to report on this soon but "behind the scenes are super busy". 

I have similar concerns on GRYN....but absolutely no news that I can find and therefore kind of just blowing in the wind.

If you can keep us posted that would be great! 

Matt, any reversion to mean systems triggering today? 

Appreciate your observations on this, makes sense with the toppy looking candle on SPX. 

Your trade ideas have been screamin lately! If you get a chance over the weekend or in the newsletter can you give commentary on XBI? I had a nice trade and then re-entered it today on what seems to be a triangle breakout test.  Thanks!

Thanks for posting the GRYN chart. I've been trading in and out and keeping some for long term hold. I like the pattern now with MACD divergence. Just need a news story or something to give it a catalyst for another run! 

Wow, thanks for putting the effort out....I see how one size does not fit all! some sectors seems to generate a ton of trades whereas others very few.  

Like this nice little quick trade; kind of complements the SPY system which holds a little longer.   I have been using QLD to get a little more bang for the buck with this since the short hold mitigates the greater risk with the leveraged etf. 

Hey Matt, I saw the post on the SPY system NOT exiting today but can you give any info yet on whether Mclellan will exit? I know this system looks for very short term trades. 

This "gap and go" info is worth it's weight in gold. I've reread this a number of times to remind myself. Looks like today is following the mold! 

Thanks, have a great weekend! 

Took both SPY system trades even though only one  was official. Happy I did! Please keep posting even if the subsystem is not an official signal; would still like to be able to make my own decision. 

I'm assuming the Mclellan system signal mentioned earlier has been erased by the gains?