Many 401k's are limited with respect to investments. May only be a number of mutual funds or etf's. If that is the case, find one that replicates the index, probably S&P 500.

Had a small spy position that I had held for a few days and sold just before that furious rally into the close. Finally gave up the ghost and it turned into evil spirit.

Remind me to never miss one of your signals. Kudo's to you and Steve.

Does anyone have thoughts on the best way to screen for stock buys. Fundamentals really have little value and technical's have some many variables to screen from. Any thoughts on the best place to screen and the best technical's to screen from such as crossovers, rsi changes, candlestick patters, etc? Just struggling with creating watchlists outside of the one here at BT.

I saw that and grabbed a quick scalp to the upper BB on a 5 min chart. 

Matt, would another alternative be to set the stop at a 50% retracement of the candle or would that be too tight?

Matt, in the email you mentioned strike prices in the 284 range, did you mean 294 or do you buy that far in the money?

Thanks Matt,  I didn't take a large position to start so I did sell. I will keep monitoring though as I think we do have further upside longer term. With price being at the 20 week MA, that will serve as some resistance as well.

Time to take profits? That pattern can easily lead to a reversal can't it? On the weekly charts the upper BB is at 18ish.

Is this market completely controlled by algos?

No problem Matt. Just curious as to what you were seeing with the system.

Thanks ruscitti.

Hi Matt,

Any thoughts on why the SPY system has stayed flat through this little run? Not being derogatory here, just curious as to your thoughts.

Be afraid, be very afraid.

It would be hard to convince me that this market is not controlled almost entirely by algorithmic computer trading.

I learned a valuable lesson this week. I took the AAPL long alert and since I was busy, just went with it. After the fact, looked closer at the charts. Probably would not have taken it. Moral of the story is to do my own due diligence which I know Matt and Steve continually advocate. Will not forget this.......at least until next time.

Now it makes sense. Thanks Matt!

RVM???

FXY would be the ETF symbol to use here I would guess.

Tried to add a chart with my free Zweig indicator at the bottom.