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KALA finally some volume coming into it

Posted by matt on 26th of Jan 2023 at 11:28 am

KALA - Chart Link finally some volume came into it intra day

KALA - Chart Link daily, note the light volume pullback over the last month

CX playing out nicely

Posted by matt on 26th of Jan 2023 at 11:25 am

DUST daily

Posted by matt on 26th of Jan 2023 at 10:42 am

keep the job man! a

SPX 60 ED

Posted by matt on 26th of Jan 2023 at 10:26 am

keep the job man! a traders life is not for most people

also day trading is a lot of work - there are plenty of setups for working folks that are easy to manage, examples:

TSLA was a great swing down near the 100 level 50% lower. 

GDX has been a nice swing trade since Nov

DIS has been a nice trade out of that weekly wedge

CBAY -that I showed last night, one hell of a swing from that 4.20 entry, now $8

NINE was a great swing long a few months ago

when working jobs - focus on trade setups that you can possibly hold for several days or weeks at a time

Natgas down another 5.5% today

Posted by matt on 26th of Jan 2023 at 10:19 am

$NATGAS - Chart Link- at this rate Nat Gas will soon get down to that next demand zone shown on the weekly chart, remember this chart doesn't update until after the close

UNG - Chart Link-

those are day trades folks

SPX 60 ED

Posted by matt on 26th of Jan 2023 at 10:18 am

those are day trades folks are doing at ES resistance/support levels - folks taking trades off those have to have their charts setup and in front of them and ready to act - there's no time for slow email alerts on something like that, especially a day trade, that was a fast move

nice job everyone all around

SPX 60 ED

Posted by matt on 26th of Jan 2023 at 09:56 am

nice job everyone all around guys!  

getting quite extended, see RIG on the KISS chart

a 13 Demark yesterday, today you have a potential A (not confirmed yet) and very wide MA ribbons, with negative divergence on the MA ribbon 2nd derivative indicator 

FRTX, CBAY, CX comments

Posted by matt on 26th of Jan 2023 at 09:46 am

FRTX - Chart Link - I should have stuck with this one longer, it's been a good percentage move from that 2 entry

CBAY - Chart Link - the superstar  - again I should have stuck with it - my problem is taking profits too early

CX - Chart Link- nice follow through, glad I stuck with it

following up on some names

Posted by matt on 26th of Jan 2023 at 09:43 am

LAZ - Chart Link- if you were not stopped out, it's back in the black, price bounced off 9 EMA yesterday, you have a higher low - PUT A STOP IN

QUOT - Chart Link- after some noise, finally moving - glad I gave it room

EGHT - Chart Link- ideally needs to hold this trendline and go - EGHT not my favorite stock to trade, it's so whippy

trying to get you guys to look for objective trade setups vs being locked into a bull market or bear market market designations.  

as traders our job is to look for objective trade setups with very good risk/reward so that if we are wrong we don't lose much and our winning gains far exceed losing trades when we get stopped out, and also to look for setups that align with your trading plan and personal style (relative to the time frame you like to trade).  Focus on objective setups and entries and no so much bear/bull designations. 

yeah well we said when it was near the 100 area to expect a 40 - 50 point rally at least for a wave 4 and wave 4 can go beyond that as the low of wave 1 is 198 (wave 4 not invalidated until it overlaps the low of wave 1). If it turns into something more than a wave 4 then fine, but down there near when you had 5 completed waves of at least a wave 3, it was very low risk and an easy objective long. Now it's achieved my first major target of the 50 day MA, let's see what it does in here, but wave 4 (if it's that, could still go quite a bit higher and not invalidate)

TSLA is also an example of both bull and bear counts aligning for the same trade - under a bearish wave 4 it was calling for a big rally. Under an arun bull market call it was calling for a big rally. 

my point is - when both scenarios call for the same thing, you don't really need to be convinced of one side -  you have a super low risk trade no matter if you are super bullish or still a bit bearish.

Wednesday's Newsletter

Posted by matt on 25th of Jan 2023 at 08:55 pm

URA monthly

Posted by matt on 25th of Jan 2023 at 08:52 pm

URA - Chart Link- I still think the monthly looks super bullish long term on this

KISS STS tables

Posted by matt on 25th of Jan 2023 at 08:51 pm

guys remember you can check these once a day to see new STS stops, things like Demark, A's, and view the charts. For those of you who follow the KISS stuff, this is a great resource to check once a day

https://breakpointtrades.com/ts/sts.php?chart_group=BPT_basket 

some trade ideas

Posted by matt on 25th of Jan 2023 at 08:50 pm

PM - Chart Link - nice volume, breakout candidate

AMRN - Chart Link - flagging on this pullback

PB - Chart Link - weekly chart looks great

SLGN - Chart Link- big up day, watch that trendline

Financials

Posted by matt on 25th of Jan 2023 at 08:49 pm

yes you first got a

NYSE TICK levels on ES

Posted by matt on 25th of Jan 2023 at 07:05 pm

yes you first got a pullback, then another rally up to the next 13 on a higher time frame, the 30 min - remember fractals 

SGEN poke

Posted by matt on 25th of Jan 2023 at 04:19 pm

SGEN - Chart Link- small poke through that trendline, needs volume expansion and follow through 

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