MTEM - Chart LinkCCI spiked to -300 a few days
back and has been diverging, interesting doji candlestick today so
far
MTEM - Chart Link60 min you can see the MACD
div forming, or even be long some now with a stop right at that
doji low
these are aggressive oversold rubber band/bounce setups, stops
are well defined and you are simply looking for that reversion to
mean rubber band snap back to the mean
here's one of my educational articles on those CCI divergent
plays
as you know this sub system uses stops - however the stop is
very wide until 3 - 5 bars have passed, so it's not worth really
discussing right now. In a couple days the stop should tighten up
and I'll mention what that is
also been some confusion, that chart is NOT a Tradestation chart
even though it says Tradestation on the top left border. You cannot
make 2 day, 3 day, 4 day etc candlestick charts in Tradestation
only daily and weekly. This chart is from Multicharts where I
have it getting it's data feed from Tradestation, that's why it has
TS in the name but it's not a TS chart
I bring that up because I've had a lot of folks who have
Tradestation ask me how can they duplicate that 2 day chart, you
can't in Tradestation unfortunately. would be very easy for them to
add that feature but I'm sure they don't give a crap
Litecoin for now trying to find support on that broken trendline
I discussed
MARA my fav out of the stocks up today, notice the Demark 13
yesterday on the 60 min that
also had a cycle buy was very low risk, I would have added
to my position had I looked at that yesterday
$VVIX - Chart Link - I haven't shown this
for a while, it's been burred below that 110 area, so not even
close to giving a sell signal warning. With earnings season
approaching that doesn't shock me
The community is delayed by three days for non registered users.
Bitcoin trying to break out of its coil
Posted by matt on 10th of Apr 2021 at 10:23 am
$BTCUSD - Chart Link-
New DVT's for SPX 2 day candle chart, 120 min and weekly, NOT on daily though, see images
Posted by matt on 9th of Apr 2021 at 04:11 pm
SPX daily still at 3970
SPX 2 day candlestick jumped up to 3938 so only about 30 points lower than the daily
The weekly SPX jumps from 3600 to 3745 nearly 150 point jump
The 120 min jumps to 4088
SPY Breakout Trade update
Posted by matt on 9th of Apr 2021 at 04:07 pm
With the nice market move higher since the SPY Breakout sub system went long Tuesday a new hard stop has been generated at 406.16 for the SPY ETF
SPX 5 min
Posted by matt on 9th of Apr 2021 at 03:33 pm
$SPX - Chart Link- heck of a move after that bull flag break on the 5 min
MTEM CCI play
Posted by matt on 9th of Apr 2021 at 02:56 pm
MTEM - Chart Link still in some of this one
GEO, FGEN some other candidates I'm monitoring
again these are the CCI spike divergence setups where you look for a reversion to mean bounce
DVT jumped on 100 points on the daily, the 2 day still the same
Posted by matt on 8th of Apr 2021 at 04:23 pm
Yesterday both the daily and 2 day were pretty close but today the daily jumped up nearly 100 points
AJG nice follow through
Posted by matt on 8th of Apr 2021 at 01:57 pm
AJG - Chart Link-
MTEM CCI play
Posted by matt on 8th of Apr 2021 at 11:20 am
MTEM - Chart LinkCCI spiked to -300 a few days back and has been diverging, interesting doji candlestick today so far
MTEM - Chart Link60 min you can see the MACD div forming, or even be long some now with a stop right at that doji low
these are aggressive oversold rubber band/bounce setups, stops are well defined and you are simply looking for that reversion to mean rubber band snap back to the mean
here's one of my educational articles on those CCI divergent plays
https://breakpointtrades.com/education/legacy/?nl_id=3283
thx I'll add those to
Digital currencies follow up
Posted by matt on 8th of Apr 2021 at 11:00 am
thx I'll add those to my list
SPY systems breakout sub system comments regarding stop
Posted by matt on 8th of Apr 2021 at 10:54 am
as you know this sub system uses stops - however the stop is very wide until 3 - 5 bars have passed, so it's not worth really discussing right now. In a couple days the stop should tighten up and I'll mention what that is
KISS 2 day chart
Posted by matt on 8th of Apr 2021 at 10:50 am
in case you missed it last night, the 2 day KISS chart is on the website
https://breakpointtrades.com/current_dvts/#spx_2day
also been some confusion, that chart is NOT a Tradestation chart even though it says Tradestation on the top left border. You cannot make 2 day, 3 day, 4 day etc candlestick charts in Tradestation only daily and weekly. This chart is from Multicharts where I have it getting it's data feed from Tradestation, that's why it has TS in the name but it's not a TS chart
I bring that up because I've had a lot of folks who have Tradestation ask me how can they duplicate that 2 day chart, you can't in Tradestation unfortunately. would be very easy for them to add that feature but I'm sure they don't give a crap
Digital currencies follow up
Posted by matt on 8th of Apr 2021 at 10:47 am
Bitcoin still in that nice coil some bounce today
Litecoin for now trying to find support on that broken trendline I discussed
MARA my fav out of the stocks up today, notice the Demark 13 yesterday on the 60 min that also had a cycle buy was very low risk, I would have added to my position had I looked at that yesterday
others still in coils
VVIX comments
Posted by matt on 8th of Apr 2021 at 10:28 am
$VVIX - Chart Link - I haven't shown this for a while, it's been burred below that 110 area, so not even close to giving a sell signal warning. With earnings season approaching that doesn't shock me
otherwise as far as the
VIX tested lower BB's commented on this last night
Posted by matt on 8th of Apr 2021 at 10:23 am
otherwise as far as the market I would not be aggressively looking for shorts either. To me the market is just in this blah range.
also earning season starts in about a week, most of the time the market is strong during that time frame
also on that VIX notice
VIX tested lower BB's commented on this last night
Posted by matt on 8th of Apr 2021 at 10:14 am
also on that VIX notice the correlation indicator has spiked way down and there is CCI div
VIX tested lower BB's commented on this last night
Posted by matt on 8th of Apr 2021 at 10:12 am
$VIX - Chart Link-
Update: SPX 60 min divergence
SPX 60 min divergence
Posted by matt on 8th of Apr 2021 at 10:07 am
QQQ - Chart Link- you can see the MACD dif on both the QQQ and SPX 60 min time frames
$SPX - Chart Link-
SPX 60 min divergence
Posted by matt on 8th of Apr 2021 at 09:48 am
$SPX - Chart Link- that morning push allowed for some MACD divergence
Wednesday's Newsletter
Posted by matt on 7th of Apr 2021 at 08:48 pm
Wednesday's Newsletter
I agree, good assessment
Miners coming down today. Can someone give guidance on what ...
Posted by matt on 7th of Apr 2021 at 03:40 pm
I agree, good assessment