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I second Mundy's point. For that matter, I'd be all for as
fulsome of a subset of the systems as possible being available as
well. Tracking multiple systems isn't hard at all if the
signals are clearly and consistently articulated. Where it
gets hard is when Tradestation crashes and the alerts don't go out,
requiring multiple forum comments and emails to clarify, and all
that. If there was just a page that consistently and
authoritatively gave the signals, updated at a consistent time that
clearly was specified on the page (or via email) so you'd know the
signals were current and updated, it wouldn't be hard to track.
CTA = commodity trading advisor. Steve is saying $100
billion in managed futures trend-following buys would occur above
SPX 4057 (on what closing basis -- daily, weekly, or monthly --
could require clarification).
Thanks for sending out the trades and providing the context,
Thanks for all you do, Matt. Re the ETF basket, a couple
1. Next morning is great. Just would note that for
the west coasters and others who have crazy mornings, you would
want to avoid winding up in a situation where, even sometimes, the
trades don't go out until that morning. If they all went out
in the evening every time, people could count on it.
2. If you have or can develop a way to show on the systems
page that will contain the trades when the information was last
updated, that would help, even if they religiously went out each
night at a particular time. That would limit the questions
you get, too.
Thanks for all you are doing with the systems, Matt. This
new approach should be great, compared to having to deal with
TradeStation crashing and a lot of the trades not being handled
consistently. We all appreciate what you guys do.
I second that; they're all good but this one stood out. I
also am a fan of the Youtube format. I know there's always
more that could be done on top of what already is, but if those
could become a more frequent, perhaps even daily offering (if just
a recording of you / Steve going through the back end and recording
the newsletter as usual), that would be very helpful.
Thanks, appreciate all of that a great deal. I'll keep
looking to you and Steve to highlight these as relevant in markets
you track--you do a great job, and that commentary in last night's
newsletter was very clear on all of this, including the point about
a couple months (which, amazingly, I missed)--but another aspect of
the question is identifying when something is a likely blow-off
move, as opposed to just a breather in a continuing trend. We
know them when we see them, usually, but anything you have on this
(timeframes you usually look at, RSI, etc.) would help. E.g.,
DBC already had that sort of mini-blow off type of move on the
daily at the end of February. Just curious whether it's a
feel thing, like when you see ribbons really stretched, or whether
there are, e.g., particular RSIs or anything you look at.
Matt, for DBC or other commodity funds, what would you look for
as an entry point for new longs (in terms of time, price, etc.)?
Trying to get entry points in uptrending instruments, and
distinguishing between good opps to get in versus letting something
that was getting overdone unwind, is always tough for me.
Probably still will have 10 offers and go over asking.
Thanks for the system trade updates and heads-ups, Matt.
Steve, hope you are feeling better and continue to.
In theory (and practice, according to John Carter), buying
certain names that have been crushed in 2021 today with a hold
period of a week can work well. Makes sense in view of tax
loss selling, institutions not wanting to hold losers on the books
at the end of the quarter, etc.
Ah, OK -- traveling later today, but all good here no matter
what. Thanks for the great content and ideas.
Will you record it, Matt?
Matt, the NASDAQ Composite can be traded for at least some
purposes using ONEQ. Decent spreads. Low volume,
though, so whales have to be a little wary. It doesn't get
talked about much and doesn't get much action, but it tracks the
NASDAQ composite pretty well.
Liking the Youtube format. I also like the new player,
with the ability to skip to specific charts, and the actual chart
links, but the Youtube versions are great as well when offered
since I can put it on 1.5x and cruise through. Neither of you
guys speaks slowly or anything; I'm just used to it from listening
to podcasts at 2x most of the time, and always am short on time.
Thanks for the great work.
Thanks, Matt -- appreciate it. Looking forward to seeing
those things you've been working on!
Thanks, Matt -- appreciate it. Seems some hopes have been
dashed (so far) relative to expectations earlier this year
Matt, curious whether you guys have a view on pot stocks ...
here's a quick amateur-hour chart from me of an ETF, POTX.
Thanks for tracking the systems and providing the updates, Matt.
Hope folks have done well the past couple days more
Thanks, Matt. Hope you feel better and that it's nothing
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