Pissed and happy at same time! MSFT, NVDA, tech was
breaking down and rolling over finally but Trump saved the day!
MSFT +13, NVDA breaking out, ARM, ORCL....arghhhh! Steve and Matt
both warned of a W5 andhere we are at SPX 6090.....might as
well go on to 6300 and squeeze the last wee bit out of the shorts!
In the market bears get days to weeks only then back to abnormal
lol Interested to hear tonight's newsletter....
One has to wonder just how far FEMA's $750 will go to repair the
damages? Seriously, prayers for all those affected. Why anyone
would still choose to live there is baffling.
Whoever bought BTC at 92k yesterday is a happy camper! Wasn't me
but just amazed at APP SOUN etc. AND I assume the corporate yearend
buybacks are propelling MSFT AMZN TSLA etc Yep, it's 2024 and only
goes UP lol
Legit question for newsletter.... So we bounced off the demand
zone with VIX buy signal at the cycle bottom area. We get yuuuuge
move in response really from about a dozen large caps up
35-40-65-70 each (ie GS +68=about 450 DJ points) I'm ecstatic and
peeling off a bunch today. My question is this giant gap. Seems a
bit large not to at least be a magnet for some filling. Can you
draw logical areas (maybe fibs or whatever) or is this a runaway
train giving us a Christmas tree to 6200? Although I didn't get the
system trades long from Friday/Monday THEY WERE spectacular calls!
Fantastic work from both of you. Actually, out of superlatives for
the systems...just really, really efficient!
Ohhh great! Add NVDA at bubble territory for the kiss of death!
Probably also makes INTC a bargain. Seems like every company kicked
out of the DJIA does better. My question is why did they not ever
add Berkshire to the DJ30? Wasn't good enough????? lol Make sure to
vote!!!
Since we don't have a LIKE button this is for you skwan1940
:) I think you just summed up 99% of my stress! As an older
investor I loathe this market with it algos and FED juice and gamma
squeeze bullshit and 0DTEs....it's taken investing to the casino
tables - fundamentals be damned! BUT those influences are the new
paradigm. I either have to play the game or just let the Fidelity
fund managers babysit my funds and focus on other things. I'm new
to the BPT Systems and haven't prospered yet. My problem is knowing
WHEN to go long. After this past 7 day run do I go long Monday? Do
I wait for that wave 4 pullback that never materializes? Do I go
half in? Even with the system, I have analysis paralysis and puke
at every 50-point SPX gap up. So, what you presented hits me right
between the eyes - either work the system or go do something else.
Question for Matt/Steve if you're reading this - how do others time
their purchases? STS stops take care of the sell side. I (and maybe
others) just need some thoughts on taking the long side. If one
misses the exact day the system goes long do we chase it the next
day...or the next? Or now after a 7-day run to 5800+ just wait...or
just say 'Well, missed that one!" and pick something else? A
big shout out to both you guys (and James) for an excellent
service! And to the insightful members who post throughout the day
- kudos!
TY 10/3 MACD makes sense and Matt's 15 HullMA. Hmmmm I can't
believe SPX came all the way back down and failed to fill today's
gap. I guess Europe selling is done and now we get that ole JP
flood of liquidity to squeeze this back to opening highs. Hate the
manipulation but enjoying the gains. Thanks for your reply....
Nice commentary and I agree JP has once again pickled himself.
Can you explain why crashing the dollar is a good choice? Does it
continue the liquidity squeeze to SPX 6-7-8000 in the final Wave 5
blowoff top to give cover to his obvious candidate of choice? Or
will any confirmation by him spook the market because once again
the Fed is late and recession is already here (although the lagging
stats aren't confirming...yet) As king for a friend :)
BTW I thought the -750 dip this week was weird but these
positive gamma short squeezes are bs! Investing has been replaced
by casino craps and really gets old! Even though I actually did a
few of the system trades and made $$$ (Thanks, Matt!!!!) and
finally got out of PCT trade from a few months ago -- the V moves
are so manipulated that nothing seems 'real' anymore. Without BPT
I'd probably just still be 50% TBill and 50% RSP.
I REALLY hate asking dumb questions but Matt you posted these
BPT QQQ, etc charts somewhere for us to use on Tradingview...but I
can't seem to find the dang things. When you have a moment can you
post the link or where I can locate it? Thankyouverymuch
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Pissed and happy at same
Posted by profmel on 22nd of Jan 2025 at 10:44 am
Pissed and happy at same time! MSFT, NVDA, tech was breaking down and rolling over finally but Trump saved the day! MSFT +13, NVDA breaking out, ARM, ORCL....arghhhh! Steve and Matt both warned of a W5 andhere we are at SPX 6090.....might as well go on to 6300 and squeeze the last wee bit out of the shorts! In the market bears get days to weeks only then back to abnormal lol Interested to hear tonight's newsletter....
One has to wonder just
Chris Bakke
Posted by profmel on 8th of Jan 2025 at 01:15 pm
One has to wonder just how far FEMA's $750 will go to repair the damages? Seriously, prayers for all those affected. Why anyone would still choose to live there is baffling.
If JPM rolls collar the
Posted by profmel on 31st of Dec 2024 at 03:50 pm
If JPM rolls collar the next few minutes should be interesting
What are you using for
IVDA has a day target at 5.69$ got to 5.61$ ...
Posted by profmel on 27th of Dec 2024 at 03:57 pm
What are you using for a 'day target'? Congrats on nailing I
Bad Auction? Nice flush
Posted by profmel on 12th of Dec 2024 at 02:23 pm
Bad Auction? Nice flush
Pretty much tells the story!
FNGU Updated
Posted by profmel on 11th of Dec 2024 at 11:00 am
Pretty much tells the story! Hard to believe Bezos sold 35% of his holdings at $200
Family in the Demand Zone!!!
Posted by profmel on 9th of Dec 2024 at 03:21 pm
Family in the Demand Zone!!! Let the man eat CAKE! Happy Birthday, Steve. Thanks for all you do here. Use some of that shopping cart $$$ and enjoy!
Whoever bought BTC at 92k
Posted by profmel on 6th of Dec 2024 at 01:23 pm
Whoever bought BTC at 92k yesterday is a happy camper! Wasn't me but just amazed at APP SOUN etc. AND I assume the corporate yearend buybacks are propelling MSFT AMZN TSLA etc Yep, it's 2024 and only goes UP lol
Legit question for newsletter.... So
Posted by profmel on 6th of Nov 2024 at 02:23 pm
Legit question for newsletter.... So we bounced off the demand zone with VIX buy signal at the cycle bottom area. We get yuuuuge move in response really from about a dozen large caps up 35-40-65-70 each (ie GS +68=about 450 DJ points) I'm ecstatic and peeling off a bunch today. My question is this giant gap. Seems a bit large not to at least be a magnet for some filling. Can you draw logical areas (maybe fibs or whatever) or is this a runaway train giving us a Christmas tree to 6200? Although I didn't get the system trades long from Friday/Monday THEY WERE spectacular calls! Fantastic work from both of you. Actually, out of superlatives for the systems...just really, really efficient!
Ohhh great! Add NVDA at
NVDA added to the DOW JONES with SHW. INTC removed.
Posted by profmel on 1st of Nov 2024 at 05:49 pm
Ohhh great! Add NVDA at bubble territory for the kiss of death! Probably also makes INTC a bargain. Seems like every company kicked out of the DJIA does better. My question is why did they not ever add Berkshire to the DJ30? Wasn't good enough????? lol Make sure to vote!!!
wow MASSIVE neg ticks... Matt
Posted by profmel on 23rd of Oct 2024 at 02:06 pm
wow MASSIVE neg ticks... Matt Iam I reading the tick chart you use as next level of support down at 5711?
What did I miss on
Posted by profmel on 22nd of Oct 2024 at 02:04 pm
What did I miss on MSFT? +11 ???
Since we don't have a
very nice on this MSTR from the HP KISS
Posted by profmel on 12th of Oct 2024 at 11:35 am
Since we don't have a LIKE button this is for you skwan1940 :) I think you just summed up 99% of my stress! As an older investor I loathe this market with it algos and FED juice and gamma squeeze bullshit and 0DTEs....it's taken investing to the casino tables - fundamentals be damned! BUT those influences are the new paradigm. I either have to play the game or just let the Fidelity fund managers babysit my funds and focus on other things. I'm new to the BPT Systems and haven't prospered yet. My problem is knowing WHEN to go long. After this past 7 day run do I go long Monday? Do I wait for that wave 4 pullback that never materializes? Do I go half in? Even with the system, I have analysis paralysis and puke at every 50-point SPX gap up. So, what you presented hits me right between the eyes - either work the system or go do something else. Question for Matt/Steve if you're reading this - how do others time their purchases? STS stops take care of the sell side. I (and maybe others) just need some thoughts on taking the long side. If one misses the exact day the system goes long do we chase it the next day...or the next? Or now after a 7-day run to 5800+ just wait...or just say 'Well, missed that one!" and pick something else? A big shout out to both you guys (and James) for an excellent service! And to the insightful members who post throughout the day - kudos!
Geezsh! Verticle on SPY 5min...Europe
Posted by profmel on 9th of Oct 2024 at 11:56 am
Geezsh! Verticle on SPY 5min...Europe close squeeze or something??? Pure nutso
TY 10/3 MACD makes sense
Buckle up Market having a diabetic seizure. Too much sugar, ...
Posted by profmel on 26th of Sep 2024 at 11:54 am
TY 10/3 MACD makes sense and Matt's 15 HullMA. Hmmmm I can't believe SPX came all the way back down and failed to fill today's gap. I guess Europe selling is done and now we get that ole JP flood of liquidity to squeeze this back to opening highs. Hate the manipulation but enjoying the gains. Thanks for your reply....
:) You're on a roll!!!
Buckle up Market having a diabetic seizure. Too much sugar, ...
Posted by profmel on 26th of Sep 2024 at 11:04 am
:) You're on a roll!!! Can you share your chart settings? I can't find the one you posted a few days ago. Thank you
Congrats - you guys killed
-1K Tick gets bought up again
Posted by profmel on 13th of Sep 2024 at 02:46 pm
Congrats - you guys killed it this week! Both directions! For next week are CTAs now chasing this with VIX back under 20?
Nice commentary and I agree
SPY 5m - H&S setting up. Given the amount of ...
Posted by profmel on 13th of Sep 2024 at 01:52 pm
Nice commentary and I agree JP has once again pickled himself. Can you explain why crashing the dollar is a good choice? Does it continue the liquidity squeeze to SPX 6-7-8000 in the final Wave 5 blowoff top to give cover to his obvious candidate of choice? Or will any confirmation by him spook the market because once again the Fed is late and recession is already here (although the lagging stats aren't confirming...yet) As king for a friend :)
BTW I thought the -750 dip this week was weird but these positive gamma short squeezes are bs! Investing has been replaced by casino craps and really gets old! Even though I actually did a few of the system trades and made $$$ (Thanks, Matt!!!!) and finally got out of PCT trade from a few months ago -- the V moves are so manipulated that nothing seems 'real' anymore. Without BPT I'd probably just still be 50% TBill and 50% RSP.
:) Yes TY
I REALLY hate asking dumb questions but Matt you posted ...
Posted by profmel on 27th of Aug 2024 at 10:09 am
:) Yes TY
I REALLY hate asking dumb
Posted by profmel on 26th of Aug 2024 at 03:39 pm
I REALLY hate asking dumb questions but Matt you posted these BPT QQQ, etc charts somewhere for us to use on Tradingview...but I can't seem to find the dang things. When you have a moment can you post the link or where I can locate it? Thankyouverymuch