Acquisitions are an inevitable part of  bull market. The biggest threat is over-leveraging at this point. Companies with no debt are the real deal, and will attract a lot of capital. There are only a few of them around.

PAAS used to be one of them, and the stock defended its lows from 2015-early 2016 this year. I expect KL to do likewise.

0.45,  pretty good. https://www.zacks.com/stock/chart/KL/fundamental/debt-equity-ratio-quarterly

Could somebody post a link to KL accounting information (balance sheet, cash flows, etc.)? The equity to debt ratio is of primary interest to me. Investor's Business Daily ranked KL highly before, as I remember.  KL might have done its first consolidation in its bull run. 2 to 3 more are to follow, usually. I view this as an excellent long-term hold stock.

Lastly, do you take into account a decay in options with time in your calculations, and do you compute a duration of each trade? That is not an issue with index funds, but could be an issue with options that works in your favor or your disfavor. Thanks again for your visionary work!

Hi Matt,

This is very impressive. To be clear, do you use the same position for each entry or a progressively larger position? That is, one SPY option with the same delta or one ES contract for each entry? Or more with each entry?

Also, you calculate this based on the assumption that every trade for every subsystem is entered, don't you?

Thank you for clarifying!

Matt, I missed the opportunity on the cash market. Is there an option price on ES that could substitute for SPY? Thanks, Roy

I am looking for a divergent high on the daily charts and Steve's candlestick method.

Consider shorting the GBPUSD above 14600 with a stop above this year's high on the daily closing basis. It will be a very volatile affair, so you need to have done it before, as moves of 3% a day are not unusual.

thanks for posting your data on $rut, sbaxman111.

weekly chart of $RUT

There is no negative divergence on $rut on the daily chart yet. I will expect that 1164 will be tested when divergence is present in a few days. Thanks for your note, I am watching this puppy for a trade too!

Goldman covered its shorts at a loss. Is JP Morgan next?

http://www.zerohedge.com/news/2016-05-10/goldman-closes-short-gold-recommendation-45-loss-will-continue-buying-gold-its-clien

I will not buy an ETF for known reasons, only the metal itself or a futures contract.

But how do you know that a move up is not a reaction to a low last year, and that we will see $1,000 before we see $1,400? The upside is up to $5,000 at least, so I would not be concerned about getting an extra $80 now.

They need suckers to buy so that they could cover their shorts! Exceeding last year's high at 1380 would be a buy signal, but not before.

http://www.zerohedge.com/news/2016-04-24/bad-news-canadians

Is that a false breakout? Or it's hard to tell yet?

Your issue is the the FTC rule preventing daytrading for accounts under $25K in funds. There is no work-around for it. If you are close to making a third day trade within a week, you will have to hold your position overnight to avoid the third day trade.

You could google yourself for definitions you are asking Steve for.

Hold on to your position, as we could have put a high today. That will be confirmed with a lower high tomorrow. This is my outlook.

Edit: you should have been stopped out on Friday. You could put your stop just below today's low on SH.

how would you trade it if is likely to gap one way or the other?