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good job, I'm leaving have

Monday's Newsletter

Posted by matt on 27th of Oct 2020 at 09:13 am

good job, I'm leaving have a good day guys and hopefully no 100 point swing today in the SPX while I'm gone

I think some of these

Monday's Newsletter

Posted by matt on 27th of Oct 2020 at 08:58 am

I think some of these moves are contract roll overs and other things in the futures that would not translate into the ETF's

for example last week UNG fell -1.5% but the Natgas on Stockcharts shows that it went up 15.2%. could be contract roll over since Stockcharts uses a mix of various futures and months. Also could be some contago stuff. The point is, unless you are trading natgas futures the moves are not translating to the ETF's, nothing actionable there. WE have so many charts already when I don't see an actionable setup I like to remove it

The nat gas ETFs have

Monday's Newsletter

Posted by matt on 26th of Oct 2020 at 10:56 pm

The nat gas ETFs have not moved and I doubt any of you are trading nat gas futures

Monday's Newsletter

Posted by matt on 26th of Oct 2020 at 08:13 pm

yes mentioned below. Again this is how Stockcharts.com  powers their charts, they need to feed them or change those gerbils out for some new ones

intra day charts are not

Market update

Posted by matt on 26th of Oct 2020 at 03:33 pm

intra day charts are not updating for SPX on Stockcharts, they forgot to feed the Gerbils their lunch

Update: Market update

Market update

Posted by matt on 26th of Oct 2020 at 03:24 pm

$SPX - Chart Link- nice move off that doji earier. 

Market update

Posted by matt on 26th of Oct 2020 at 02:21 pm

$SPX - Chart Link- zoomed in 15 min chart, long long trigger could have been off that doji candle with stop at the candle low

$SPX - Chart Link- zoomed out 15 min

$SPX - Chart Link- 60 min had that pinocchio move below the channel

Update: Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Oct 2020 at 02:17 pm

$SPX - Chart Link- updated 5 min view, that divergence finally kicked in, anyway largest intra day bounce now

arguing semantics focus on your

JFU follow up

Posted by matt on 26th of Oct 2020 at 02:15 pm

arguing semantics focus on your trading style and triggers. AMD went up this morning over the trendline. My point was most longs did not break out today clearly.  I bought a few things this morning and sold out fairly quickly after it became obvious to me that the market was going to weaken again after that morning bounce where you had the first lower high.  AMD went up 2.50 from the open before it sold back down. So yeah technically it triggered, depending on your style you could have made money on it for a day trade, or stopped out for breakeven or a small loss or still be in it or never have traded it at all who cares. 

guys focus on your triggers, your trades, not if there's a missing dot on an i or something. I'm some a few other things may have went up some.  

JFU was lower risk to me beacause it was retesting previous resistance on light volume.  On AMD I was already long from last week, but trimmed all my longs early after the market opened except for JFU which I bought today

JFU follow up

Posted by matt on 26th of Oct 2020 at 01:40 pm

JFU - Chart Link- clearly most long ideas did not trigger today but this one doing well, I mentioned it as a lower risk support/backtest long yesterday

Update: Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Oct 2020 at 01:33 pm

$SPX - Chart Link- price stalled right at that 9 EMA on the 5 min. 

Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Oct 2020 at 12:53 pm

$SPX - Chart Link- possible wedge forming here on 5 min

yes it's something to monitor.

SPX 5 min

Posted by matt on 26th of Oct 2020 at 12:50 pm

yes it's something to monitor.  the lower channel is coming up, also corresponds to a 50% Fibonacci retracement 

on Friday's rally notice the MA ribbon was pinching there on the underside

Update: SPX 5 min

SPX 5 min

Posted by matt on 26th of Oct 2020 at 12:35 pm

$SPX - Chart Link- updated 5 min, again as you can see price stalled at symmetry on that last bounce.

however this next low now has MACD divergence potential for an intra day low but you need a trigger

SPX 5 min

Posted by matt on 26th of Oct 2020 at 12:02 pm

$SPX - Chart Link- note intra day symmetry bounces, morning bounce was 11.5 points, so far bounce off lows 11.3

market comments

Posted by matt on 26th of Oct 2020 at 11:22 am

$SPX - Chart Link-as I said on the weekend the 60 in charts did not confirm a break on the 60 min charts last Friday. 

and also I stated on the weekend the market has too many uncertainties here and it sniffs that there won't be a pre election stimulus deal, which let's be honest doubt many of you believed there would be 

QQQ - Chart Link-

thx for sharing

AMD follow up

Posted by matt on 26th of Oct 2020 at 09:46 am

AMD - Chart Link- early strength in this one despite the market. They report tomorrow after the close

thank you very much for the kind words and feedback!  We are not perfect by any means but we do the work, put in a lot of effort, and like you said it's nearly every day, not a newsletter a week like quite a few places I know

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