BPSPX

Posted by matt on 23rd of Mar 2019 at 02:22 pm

$BPSPX - Chart Link - never did go back on a buy signal even though SPX made a minor high

Comparison Charts

Posted by matt on 23rd of Mar 2019 at 02:13 pm

Yield Curves

Posted by matt on 23rd of Mar 2019 at 01:34 pm

The 10/3 month yield curve went slightly negative on Friday, last time was 2007.

The standard 10/2 year hasn't yet, still at a ratio of 1.05

$UST10Y-$UST3M - Chart Link

$SPX - Chart Link

$UST10Y:$UST2Y - Chart Link

Yield Curve 3 month vs 10 year

Posted by matt on 22nd of Mar 2019 at 03:54 pm

$UST10Y-$UST3M - Chart Link

$SPX - Chart Link

here's some charts I made, these have not yet updated today, they will later this evening, but once they update they will be inverted

SPX 5 min update

Posted by matt on 22nd of Mar 2019 at 02:52 pm

$SPX - Chart Link - you can see the higher low after the symmetry break

$SPX - Chart Link- you can see how price did indeed pause at that symmetry area, otherwise small base here to monitor 

Update: Update: Update: SPX 1 min intra day

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 01:12 pm

$SPX - Chart Link - here's the updated 1 min chart on that,

Update: Update: SPX 1 min intra day

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 01:07 pm

$SPX - Chart Link - notice bounce off lows 12 points, previous morning bounce also 12 points

Update: SPX 1 min intra day

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 12:51 pm

$SPX - Chart Link -  3 min SPX, some MACD div on the last low

I made some edits on

FAZ Updated Views

Posted by matt on 22nd of Mar 2019 at 12:22 pm

I made some edits on the text, so make sure to refresh to read the latest comments

SPX 1 min intra day

Posted by matt on 22nd of Mar 2019 at 12:20 pm

$SPX - Chart Link - here's a one min chart, the largest bounce today was about 12 points, so that's what needs to be broken in order to break intra day downtrend symmetry

Here's an image of the

FAZ Updated Views

Posted by matt on 22nd of Mar 2019 at 12:16 pm

Here's an image of the new SPY system, The system did quick shorts early on in the market rally, and one exhaustion short in late Feb. It did a long entry on the pullback into early March. It also did a breakout long trade from mid Jan to mid Feb.  

This image shows 6 charts.  This version is called SPY Highest probability, all the short sub systems are on the bottom left chart (8 of them), you can see that during the uptrend from Dec it would have taken 3 small shorts in Jan and one in late Feb, all for small profits).

9 long sub systems are on the middle upper chart. and various other sub systems are on their own, so a total of 6 charts. You can see for longs the system would have been in a breakout long from mid Jan to mid Feb, and one in March recently, two nice long trades

All the sub systems are flat, I will let everyone know when one of them goes long or short. I will sending out trades for each of the 6 charts.  There can and will be trades that overlap one another, but that's a good thing.

anyway enough of that, I wasn't going to get into that intra day, but your question prompted it.  when the system is going to do a trade I will let everyone know

That's kind of an odd

FAZ Updated Views

Posted by matt on 22nd of Mar 2019 at 12:08 pm

That's kind of an odd ball question.  

If I had the system on XLF I'm sure it would be short.  But I assume you are referring to SPY system, why would that be short knowing how the system generally works? you've been here for years and should have a good understanding of the basic works of it. The market had a strong uptrend with all the MA's pointing up so it's not just gonna short that, most of the shorting is during bounces in bear markets.  The system can do rare exhaustion shorts when the market is really overbought but those are really hard to trigger, such as say 40 consecutive closes above the 15 day MA etc, we don't have anything like that.  Yes we have a Negative Div on the daily SPX charts via the MACD, but the system is flat, which is where it should be. Except for the breakout trade, the system is generally going to look to buy pullbacks when the MA's are pointing up, not shorting.  

the SPY system is finished and so is ES - both systems are flat, and it would now take a really good pullback to get them long as I only have the highest probability systems remaining. As far as shorting, if the market forms a significant top here then they will look to short rallies.  And other short trades that could occur are the 60 Stochastic 80% reversal.  

SPX market comments

Posted by matt on 22nd of Mar 2019 at 11:59 am

$SPX - Chart Link - that's an ugly candle today, esp if we close down here or lower.  Losing the 20 day MA and that trendline of the channel would open up the door to a lot more selling

$SPX - Chart Link - remember we still have a couple more open gaps below as targets

I've had yield curve charts

Yield Curve

Posted by matt on 22nd of Mar 2019 at 11:42 am

I've had yield curve charts for 10/2 and 30/2, I went ahead and made one for 10/3 month.  It's not updated today yet but you can see the point

Yield Curve

Posted by matt on 22nd of Mar 2019 at 11:41 am

Bloomberg is showing how the yield curve inverted in 1989, in 2000 and in 2006, with recessions prompting starting in 1990, 2001 and 2008.  The yield curve just inverted today on the 3 month vs 10 year.  Recession is dead ahead!

thx Steve! I've basically crapped about everything out LOL, so I'm at the computer at least now.  But all morning been on the pot

WIX follow up

Posted by matt on 21st of Mar 2019 at 03:14 pm

WIX - Chart Link - pretty nice

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!