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100 point bounces? Geezsh  

Posted by profmel on 20th of Jul 2021 at 03:27 pm

100 point bounces? Geezsh     Got to give it up to the algo boys -- trading to the penny off of Matt's charts :) That TICK chart is worth the cost of admission!

That 4307 looks enticing!

TICK pivots

Posted by profmel on 15th of Jul 2021 at 02:35 pm

That 4307 looks enticing!

Posted by profmel on 15th of Jul 2021 at 02:28 pm

Today it's VAMA to the

Posted by profmel on 13th of Jul 2021 at 11:28 am

Today it's VAMA to the rescue! Squeeze Visa, Apple, Microsoft, and Amazon and color the whole market. I realize this can go on forever but gives one a very uneasy deja vu feeling. 

Not that I'm unhappy BUT

Posted by profmel on 9th of Jul 2021 at 10:08 am

Not that I'm unhappy BUT these bs days on fridays to fix the weekly charts, etc really get old! Breadth has been 2-1 negative all week then we get a day like today and all is well in camelot? Gotta just play the algos until they flip -- S&P 5000 here we come!

JP+QuadWitch=Algo heaven

Posted by profmel on 16th of Jun 2021 at 03:14 pm

JP+QuadWitch=Algo heaven

6 months Up/Gone in 1week

Out too early but THANKS!

WISH follow up

Posted by profmel on 8th of Jun 2021 at 03:51 pm

Out too early but THANKS!

When it's this easy for newbies -- Mean these guys are buying fractional shares--then either the rules have been changed forever or the Ameritrade commercials from 1999 were real! Hip hip hooray for the peo[ple who have kicked my ass performance-wise by simply buying AMC and Bitcoin. Do I look like an old-time idiot? Ummm, yep! I'm torn between Mike Wilson's 15% correction,  Harry Dent's 50% crash, and Tom Lee's 4600, somebody's 5000 S&P by year-end.  Bought BA in the low 200s and unfortunately sold yesterday at 238 only to see 252 today. Great trade gone bad. Verrrrry frustrated and ready for a long weekend to regroup!

Thanks! outstanding summation!

Weekend Newsletter charts

Posted by profmel on 23rd of May 2021 at 02:16 pm

Thanks! outstanding summation!

Really? I HATE OpEx week!!!

Posted by profmel on 20th of May 2021 at 11:50 am

Really? I HATE OpEx week!!! What a freakin' move 

Maybe a retest of low? Or higher low?

MAX Tic at 9EMA?

Posted by profmel on 19th of May 2021 at 02:23 pm

MAX Tic at 9EMA?

Hmm was waiting for gap

Posted by profmel on 19th of May 2021 at 11:26 am

Hmm was waiting for gap on SPY ugh!!  Any thoughts on MARA? I was targeting 18 but stopped at 19.31

Out @417.05 Thanks! Matt and

Posted by profmel on 14th of May 2021 at 03:50 pm

Out @417.05 Thanks! Matt and Steve...helluva a trade.

Margin Calls surely. Other than AMC seems most of the popular stocks are still being sold hard.

What a great community!  Thanks

Posted by profmel on 11th of May 2021 at 04:11 pm

What a great community!  Thanks for all the charts and great ideas. I wonder how I ever invested before on my own (Pure luck: bull markets make us all brilliant, right?) Thanks, Steve & Matt!

Sometimes I hate being right!

Posted by profmel on 11th of May 2021 at 10:37 am

Sometimes I hate being right!  So, now the margin calls will keep the pressure on for a while? My guess is Yellen wants to wipe out the' hooders and retail leverage? Thanks, matt for the tick charts -- been spot on past few weeks!

Seems more like liquidations... be

Posted by profmel on 10th of May 2021 at 11:21 am

Seems more like liquidations... be it forced or margin or hangover from banks who got blistered from Archegos. Or the pure negative consequences of ETFs...hedgies sell SMH so ALL get sold off. AMD perfect example. The DKNG dump seems more forced than not...maybe sell-stops hit. Divergence between DJIA and QQQ too much Nifty 50 for this oldtimer.

Cue the Rocky Theme!  

Posted by profmel on 4th of May 2021 at 03:38 pm

Cue the Rocky Theme!   here comes the afternoon calvary to save the day! For the DJ anyway



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