In the chart's favor, on the daily, price is sitting on the 200 ma.  Not in its favor, price is below the 50 ma, 20 ma and 9 ema.  14 and 60 stochastics approaching oversold but not there yet.  MACD hasn't crossed to a bullish configuration.  For me, I would not be willing to predict this is a bottom (short term or otherwise) without any indicators supporting that prediction.

you mean "moon shot!"

Matt or Steve, with such a long down candle, and with it closing nearly on the lows, it means we are in for more down side, no? Time to lighten or close some longs on any bounce tomorrow or Monday?

Yeah, energy took a licking especially.  TG for stop losses!  Got out of OXY at 82.30, it's now 80.65.  Also out of ERX at 37.25.

On the orig post, the 19th, I didn't give a chart, only verbally mentioned that it was for a daily chart. 

The trade kind of has it's own filter in that you don't take the trade on the day of the 8/21 cross.  Rather, you wait for price to drop back into the zone between the 8 and 21 to go long.  If price crosses the 21, you don't take the trade. I'll sell it if EOD price is below the 21.

Sure - here.  I did mention it was a daily chart trade when I first posted the trade parameters.

SPY just now to cross over the downtrend line shown on this 5 min chart.  Could be a good trigger, esp. if we get one more slight pullback on lighter vol.

No pos divergence on the MACD, though.

This 8/21 ema trade is on right now.  Nice thing is that if it crosses under the 21 EOD, you can exit with very little loss.  Another way to look at it is that if the 9 ema holds today, you can go long. Either way, use the listed trade stops.

Steve or Matt, would be great to get your input if you have any views on this trade.

VIX right on the cusp.  My chart says the BB is at 18.24, and price is hovering right about there.

Matt, GGN broke up nicely today.  Luckily I bought a little in kids' college accounts yesterday.

GOOG forming a classic bull pennant (30 min chart); I closed my short.

It's also one of those days where the 60 sto has been above 80 all day on the 5 min chart.

it bumped up against the 20dma just now (579.76), I took a short w/a stop just above.

breaking nicely on good volume in the opening minutes.  Hope it holds!

you have to hit refresh.

someone figured this problem out a while ago; in the URL line, add this to the end:  

&cmd=print

hit Enter

Here's an interesting swing long trade I learned about that might materialize today or tomorrow, etc.  It catches a change in direction on the daily chart.  This trade would be on SPY or SSO.  Again, chart is the daily, trade is a swing long.

1. 8 ema crosses ABOVE 21 ema
2. price should have exceeded at least one previous swing high (we've exceeded high of 6/11)
3. price should be at/near upper bollinger band or keltner channel (showing strength)
4. buy on a pullback into the zone between the 8 and 21 ema (buy intraday)
5. do not buythe pullback if price falls below the 21 ema (intraday or EOD)
6. initial stop loss is just below the 21 ema or 4% of the stock price, whichever is greater
7. sell 1/2 when price again reaches the upper bollinger band or keltner channel
8. swing the rest, trail stop using stop rule

 Would love to hear comments from BPT or others familiar w/ this trade.

Thanks - 

very steady pullback all day today on PWE.  Looks like some kind of machine progam, given how linear it's been!  Anyway, it's got an 8% div, and ex div is June 27 (27 cents).  Matt would you consider this an opportunity to add to the position, or do you prefer to wait and see how it acts?

thanks morton13, i just sold it at 86.60.