3309 Drysdale Ct
Edwardsville, IL 62025
Hi Steve, can you explain how there can be a fresh demand zone
in a price range that hasn't been touched in 4 months?
What is the translation from NQ to $NDX?
Not an EW expert by any stretch of the imagination, but isn't
that abc of 4 kind of a tight timeframe? I guess you did that
because the break of recent lows invalidates this down move as a b
Let's hope so!
Looks like no man's land for the SPY systems to me - not enough
rally to sell, not enough dip to take another entry. But that's
just my subjective take on it.
ANF way outperforming the retail sector. It used to be a short
target for me, but I guess I'm a bull right now.
PFIE is another energy stock holding up well. In fact it's up 3%
Maybe Costco wasn't selling those transgender
VIST is the one oil explorer hanging in there.
VFS completed its round trip back to 10 from a high of 95. I
wish I had the guts to buy a boatload of puts up there.
ULBI breakout - up 15%.
I see that APRN was bought by Wonder Group. Does that mean they
will include a slice of Wonder bread in every meal they
Giving the bears the finger?
Thankfully I'm done with NINE. Higher quality small oil service
stocks like PUMP, TTI & HLX aren't getting hit nearly as hard
(though PTEN took an ugly turn).
Matt - you mentioned that STS doesn't work great for inverse
ETFs (even though there are still several on the ETF list) and that
it is not ideal for PM stocks either. I'm questioning its usage for
VIX related ETFs also. Tending to be contrarian indicators, it
seems they are better used in a reversion to mean fashion, such as
you have been developing with VIX reversals wrt Bollinger Bands.
Can you give us your opinion on that?
Earlier sold parts of ACMR, SMCI & CEIX. Stopped out of the
rest of DRV which was maybe a bad idea. Took a number of new STS
buys AH yesterday - ADSK, ALB, CAT, KLAC, PCAR - some working, some
not yet. Generally better than buying at the open today anyway.
Various observations: DUOL strong breakout after flopping around
the last week; JBL & WSM holding their breakouts pretty well;
GCT pretty strong rebound after plunging yesterday; beaten down WBA
leading the Dow; of my $3 faves, PFIE pulling back with oil while
TSHA looking to break out of its recent consolidation. I'm in some
but not all of these.
So the real play was buying TBT on the TLT gap up?
I looked this up. I see 50 years ago to today - 4400% gain for
S&P 500, 1800% gain for gold, 700% gain for silver. So not even
close to equal.
If you bought silver at its peak about 12 years ago, you would
be down 50% before inflation.
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