not pretty numbers

https://breakpointtrades.com/archived/?email_id=391247689 

GLD - Chart Link- up up and away for gold

SLV - Chart Link-

$USD - Chart Link- dumpola

$TNX - Chart Link- after a breakaway gap and pullback/backtest of the downtrend line it's been up up and away

thanks Steve

I saw this table, added some comments to it.  Only 3 up years here and those up years can easily be explained:

- 1982 the market had just ended a 16 year secular bear market and entered a new secular bull market
- 2009: The market had just come out of a generational bear market
- 2020:  All that Covid cash stimis and QE- no duh the market would be up

2025 - I don't see any of those positives

This is an alert about BPT Mechanical Systems:

Hello everyone, wild volatility continues

Anyway regarding the mean reversion systems, yesterday the CCI system exited for nice wining trades, while the Bear Long system stayed long.

Today the Bear Long on both SPY and MES futures hit an intra day stop (called a fast stop).  That said, prices are currently above the price where the systems exited, on SPY it closed out at 521.02, and price is currently 524.58 therefore prices are MUCH better than where it exited.  One could simply close the trade out here or hold it longer if you think the market can work higher and simply place a stop.

For MES futures the system closed out at 5250, however price is now 5307 or 57 points higher.

What I'm going to do for the website is as follows: 

I'm exiting 1/2 of the SPY position, and keeping 1/2 with the stop.  For MES futures I'm exiting one of the contracts at current prices and leaving one on with a stop at 5260

$SPX - Chart Link- nice easy trade off that 61.8% Fib

again I've stated before, you can make systems out of anything - I could see someone trading a very simple system where they only took trades near a 61.8% Fib retracement for shorts or longs, since stops can be very tight, risk/reward ratio works

fun article to read - I've always thought of this guy as a weirdo, especially last time with his comments about how the 200K Bitcoins the US government owns (currently worth about 16 Billion) will one day be worth 100 Trillion and can pay off the nation debt.   MSTR owns over 500K bitcoins, but he bought most of them after major rallies when it was overbought and hardly anything after a major correction  - did the opposite of what he should have

https://crypto.news/the-wolf-of-all-streets-saylor-one-of-the-worst-traders/ 

profmel - also these days such a large amount of firms use pretty generic algos, some which cause big program selling if a certain level is hit etc.  I remember looking at one firm who ran billions and was discussing some systems with them - their system was (I don't remember the exact parameters anymore but here's the gist) it was something sell 50% of all their portfolios after a  6% close below the 200 day MA, add 50% back on a 3% move back above the 200 day MA, and add the other 50% back after a 6% move back above the 200 day MA.  This is just an example, but many firms these days have simple formulas like that and big moves in the market can trigger program selling and buying  across the board. I'll add that this volatility is something we haven't seen really since the the 1920's and 1930's and 2008, and therefore is breaking or causing a lot of whipsaw with those simple algos. 

$SPX - Chart Link- trying to find some support around the 61.8 Fib the Master Fib

Trump signed an executive order to end the circuit breakers LOL

$VIX - Chart Link been 3 good signals over the last few days, sell signal late yesterday, buy signal end of day on the 8th, sell signal in the morning on the 8th, buy signal morning April 7th

!GT20SPX - Chart Link- eventually need that #2

$SPX - Chart Link- testing 61.8% Fib

we have not seen ranges like this - nothing would surprise me

GLD - Chart Link- new all time highs

SLV - Chart Link- Silver on the other hand as bounced but more like a bear flag, remember it's more of an industrial metal so will move with recessionary fears

GDX - Chart Link- new highs

$SPX - Chart Link-

GDX - Chart Link- V move off that demand zone