Ah, no worries. If only I had too many accounts to vex me!

since I don't have TS, is this a simple matter to set up as a chart in TOS?

I wonder why he thinks "the current setup is extremely weak," and why he seems to be expecting a big pullback. I'm more in Matt's camp - we've broken out to all-time highs and the MA's are bullishly aligned, which is a strong setup. Any 2-3% pullback is very likely going to be bought, which would confirm market strength. Neither has happened yet, but the former seems less likely. Would love to hear more on why he's so skeptical of this breakout (probably volume or breadth etc.).

MO breaking up out of a triangle on 3 min chart. Good long entry w/ very tight stop (today's low).

Good volume too.

You could also sell some GDX vertical call spreads. That way price just has to stay below your lower strike + your credit. And, as Mick would say, "Time is on my side."

I've actually been holding a small position in SVXY in my IRA. Doing very well, and with the SPX breakout I may buy more on any pullback to support.

On the sleep apnea, get one of those wedge pillows so you can't turn on your back while sleeping. Apnea is bad for you, for your energy during the day and for overall health (including a healthy immune system).

bluezango, it looks like a solid trade idea. Do you have paper traded data to support? What, if any, is your stop? Also, I pm'd you on another topic.

With you on the SVXY thing. I need to develop a plan for trading it long term, however. There are some good ideas on the web, but haven't verified them for myself.

Do you know, statistically, how often an index (or stock) will hit a resistance trendline like that (flat-ish resistance; not a downtrend channel line) four times and NOT break through? My limited knowledge says when it hits that many times it's very likely to break through.

Well, I'd think only as some kind of inverse, since higher coffee prices lead to increased overhead and lower profit margins.

Cool stat - where did you find it? Combined with this morning's short SPY system signal (and maybe a candle or wedge pattern) it could mean a low risk short trade (i.e., put stop closer than the normal SPY stop, etc. - Matt pointed out the historical drawdown for this signal is small). I can really only buy puts, or spreads, as my IRA is tiny, but something to watch for.

Did you use a daily, 60 min, 30 min? 

just noticing, VIX is nearing its 20 ma. An August 25 call is $115. Hmm.

True. Maybe watch for a shooting star or doji to get taken out to the down side for 1/2 the SPY.

thinking of selling a SPY vertical spread (which I can do in my IRA), but not til I see some MACD and/or RSI 5 divergence on a 30min or hr chart. Currently nothing even on a 15 min.

Yeah, Friday was one helluva candle. A reflexive bounce tomorrow or Tues would not surprise.

I can hear Steve saying something like "we stand a better chance of a positive EOD print on Monday if we open with a gap down, hit a lower low on an intraday chart with neg div, then reverse. If we open within Friday's candle, chances are we'll end in the red, with possibly lower low vs. Friday."