3309 Drysdale Ct
Edwardsville, IL 62025
real time $NYMO at ~25, looking to close at highest level since
the early Sep top. Breath is improving under the hood with leading
JD (first major in KWEB to) clearing 200 day. I like second
tiers like JD since the anti-monopoly policies should benefit them.
PDD is even better fundamentally as it brings jobs and services to
rural area/smaller cities and thus aligns better with 'common
proesperity'. Will need technicals confirm anyways.
Let's call it Matt's breath thrust signal.
I remember Martin Pring said that lumber is as good a leading
indicator as copper
Looking at JNK, a hard rejection at 50 day will be bearish
Sold most of BABA and KWEB. Still not certain the correction in
S&P has ended and want to keep the hard earned money lol.
I view recent low on KWEB as a successful retest & higher
low by the way.
Yea, I bought BABA, JD and PDD yesterday... and KWEB a bit
higher some days ago but also on a profit... So for sure need to
trim a bit.
Thank you for the insights. I also think if US market does okay
in Q4 these stocks could perform well. There will be some positives
like China cutting reserve rates (1-2 times expected before end of
Hey Matt, would you sell BABA for a quick profit today or
Thanks Matt. Under what condition you will be re-entering the
daily DVT trades?
When Matt has similar view on my trade, I sleep better at night
KWEB outside reversal - maybe a higher low in
Today marks the second inside day. A break of today's range
should be a good trade short or long.
Built a big position in XLU in the last 2 hours (sold the small
one from last week, in the morning). I hope the number 13 &
extreme RSI readings bring the magic lol, otherwise I will hold it
as a lifetime source of income
14 day RSI finally got to ~30 level. That wasn't the case last
KWEB outside reversal day
Yup I almost pulled the trigger yesterday but saw your comments
and held off. Have a great weekend Matt and everone.
bought some XLU - 12 red days
I am also checking on the weekly ECRI leading index every
Cyclical bear markets (>-15)% generally happen when the index
is below 0 and especially below -5%, with the exception of big
black swans like covid when this index will lag.
This trendline may worth watching as well
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