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I concur that I would

Reversion to mean systems basket

Posted by mastermind on 11th of Jul 2022 at 12:12 pm

I concur that I would rather have signals for other indexes rather than ES. I think ES/SPY just muddies the waters when they are out of sync, because you would think that they should be correlated. SPY vs QQQ are not always so well correlated, so it might make more sense for them to be biased in opposite directions. 

I agree not to chase. Days like today, I usually find it best to buy during the 3rd half hour of the day. There is usually a pullback around then and you can see if the rally is going to hold.

Bought DRIP as the explorers

XLE and USO selling off

Posted by mastermind on 29th of Jun 2022 at 03:55 pm

Bought DRIP as the explorers seem to be taking another leg down.

The worst of it is that even the best setups (at least my favorites) are often failing quickly. Recent examples for me are PLAB and SWIR.

I shorted NVAX again. How can a late to the game vaccine with significant side effects have much upside?

Seems to me that the

Posted by mastermind on 23rd of Jun 2022 at 02:37 pm

Seems to me that the market is being held up by beaten down low quality tech stocks. Many stocks with terrible fundamentals (CVNA and several others) are up 5-10% today. Meanwhile the IBD 50, which never seems to be able to get calibrated during bear phases, is making new lows for the year, down almost 50% since November (not as bad as ARKK, but still . . .)

I'll answer for Kobie since he's had to answer that a few times already. It signifies news events and he can't remove it from his charts.

$bpener at 4.76. If 100

Posted by mastermind on 22nd of Jun 2022 at 12:47 pm

$bpener at 4.76. If 100 is a sell signal, is 0 a buy signal?

So . . . lower food prices coming?

ZYXI is a stock that

Posted by mastermind on 10th of Jun 2022 at 10:41 am

ZYXI is a stock that is acting well after a strong move yesterday.

Except why is only up 8% while the VIX is up 10%? Doesn't sound ultra to me.

BTW, after more drama than

Posted by mastermind on 9th of Jun 2022 at 06:07 pm

BTW, after more drama than necessary I covered my NVAX short for a modest gain. I may regret it, but BNTX is probably a safer short until the FDA makes its final call.

So he's predicting an oil bust down to $20 but a SPX melt up to $6k? I don't get it.

All of the other shipping

ZIM Daily View

Posted by mastermind on 8th of Jun 2022 at 10:24 am

All of the other shipping stocks are weak too. Not sure if there is any particular culprit.

NVAX - OK, no big

Posted by mastermind on 7th of Jun 2022 at 09:26 pm

NVAX - OK, no big deal that it causes heart problems in young males. Approve it anyway. I will "take some heat", but I still think it's a long term loser.

All of the small and mid cap indexes are also above the 50 DMA, a positive for the market.

Well, that's me you are

Great Comment Here

Posted by mastermind on 7th of Jun 2022 at 01:43 pm

Well, that's me you are talking to, and I own it. But it's also true that even in choppy markets there are opportunities. Coal stocks are making a decisive move today after a period of consolidation. I bought HCC and also a steel stock, TMST, that broke out to a new high from a good looking pattern. Sure, these could reverse, but I think the reward to risk is favorable.

NVAX halted for some reason.

Posted by mastermind on 7th of Jun 2022 at 10:10 am

NVAX halted for some reason. I don't see any news on it yet.

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