Wednesday's Newsletter

I emailed it yesterday and sent the text, see the archived alert - all emails are archived here in the email alerts tab.  And since you didn't see it, all the better as you can exit it today at better prices

https://breakpointtrades.com/archived/?email_id=494716230  

$McClellan Oscillator - SPX - Chart Linkadmittingly I didn't see this yesterday, obviously played out today

SPAI - Safe Pro Group Inc. - Chart Linkshowed up on my volume scanner, looked and I thought the news was interesting, earnings are Nov 14th, but they pre announced something like a 2300% gain in revenue with new Gov contracts

RSKD - Riskified Ltd. - Chart Linksimple breakout

QUCY - Mainz Biomed B.V. - Chart Linkcheap biotech

otherwise not a lot of great setups showing up on the long scanner 

MU Micro - Micron Technology, Inc. - Chart LinkMU decent

CSCO weekly - Cisco Systems, Inc. - Chart LinkI still like the CSCO chart

otherwise not a lot of great setups showing up on the long scanner

holmes- that was a picture perfect one, I would have drawn the same thing

and who knows, maybe it doesn't 100% fit some definition of an ideal one, but I don't get caught up in those semantics.  As you know, I have what I call my 'practical Elliot Wave' where I'm using my own form that I find very useful for trading vs getting bogged down in all the rules and micro counts etc.   I use what works for me and is practical for trading

y XLE daily - Chart Linklike I said could be forming a RS

ERY Daily - Chart Linka way to play would be ERY, which as you know was a long idea I gave back in early Sept.  

wedges can morph into H&S or Inv H&S patterns as I've stated before

MU Micro - Micron Technology, Inc. - Chart Link

I've said this before, i have two versions of the SPY Trend/Pullback mean reversion system.  Last time we used the version on the right, however the left version clearly killed it, just closed out today.  The one we used on the right has better stats, though this last trade brought up the stats quite a bit on the left one.

Maybe next time we'll use both, just use 50% allocation to each vs 100% to one of them

that system has 230 trades back to 1996,  85% winners, so quite a bit of trades

first off avoid drawing long patterns on the VIX, except short term flags etc, and patterns on 60 min and 15 min charts are fine.  However, any longer time frames is kind of worthless, the VIX is a measure of volatility, it does not trend and move like  a stock or an index it's a function of volatility, and form traditional patterns well.  weekly wedge on SPX, otherwise post chart of what you are seeing, thx

EXTR - Extreme Networks, Inc. - Chart Link

CANG - Cango Inc. - Chart Link again I wasn't able to buy it, so hopefully some others were

META - Meta Platforms, Inc. - Chart Link

QQQ 60 min 3 MA config - Chart Link

TMF 60 min - Direxion Daily 20+ Year Treasury Bull 3x Shares - Chart Link

HYG 60 min 2 - Chart Link

FED Minutes

https://www.cnbc.com/2026/10/07/fed-officials-see-another-hike-coming-but-no-sign-as-to-when-minutes-show.html 

one thing the Fed Minutes mentioned is strain on agriculture because of drought and diesel  - could help our TAGS and others over time

y XLE daily - Chart Link

$VIX 2hr log - Chart Link

_SPX g 15 min aa MA config zoom - Chart Link

_SPX g 15 min aa MA config zoom - Chart Linknotice SPX bounced in that demand zone on the 15 min I posted earlier when it was there before the bounce