Thanks for all the detail on the SPY system -- really appreciate you taking the time to bring us into the loop as best as you can.

Sorry about your father-in-law -- my dad had a stroke and my mother in law had one as well -- I really know how tough it is. Takes a toll on the family too.

Don't worry about the newsletter. 

blah, blah, blah...cautious...vulnerabilities in global environment...blah, blah, blah...cautious...closely monitor...gradual increases....blah blah blah...cautious...head winds...blah blah blah...gradually...

Matt -- thanks for the progress report.

I've never traded LNKD but this is exactly why I will never short TWTR

Always bullish when "bad" news is ignored

I noticed some good early volume in AAPL this morning which has tapered off, but it has stuck it's head out above the downtrend line. Maybe it still wants to fill the gap. Something to keep an eye on.

Yep, I keep CL up all the time and I am amazed the way even IWM and the Qs often trade with it almost tick for tick, although not as tightly as SPX. Good chart Matt! Right now it's the tail wagging the dog I guess.

That's appointment viewing! Thanks.

Got a pop out of the wedges on data

And crude data coming in ten minutes (I think)

In the days leading up to OPEC meetings, I wonder how much money is made by all the sovereign wealth funds, oil ministers, royal families, dictators, etc. who trade in front of their announcements and leaks? Must be a humongous sum. Not like those countries have issues with insider trading! Must be part of why the charts can get so crazy...not a good time for amateurs to be trading oil futures!

Who knows what this will look like by morning...I wonder if those oil ministers looked at the rising wedges  

Congrats Steve - enjoy your weekend!

It feels like the big boys have already left town and they've left the algos alone to play "Pivot Pong" with each other. I'm taking off tomorrow for a nice four day weekend, but with this chop and slop I'm thinking it might make sense to just call it a day early. 

Wishing everyone a great Memorial Day weekend whenever you start it!

It feels like the big boys have already left town and they've left the algos alone to play "Pivot Pong" with each other. I'm taking off tomorrow for a nice four day weekend, but with this chop and slop I'm thinking it might make sense to just call it a day early. 

Wishing everyone a great Memorial Day weekend whenever you start it!

filled the gap from early May and back-testing a broken uptrend line. 

Quick follow up on my post from last night -- HAL and FET are up really nicely but MDR has yet to catch a bid. One to watch as a catch-up candidate.

HAL, FET, MDR

Nice charts, great relative strength within the group

I had been watching both the 5 min and 3 min charts -- your post was helpful because I had kind of figured that out and you cleared it up -- funny thing is you could have triggered off the 5 min crossing up from the 50 line or the 3 min crossing up from somewhere above the thirty line (actually triggering on the candles) and gotten the same entry, but they were small trades like you said.

EDIT: Just realized that my comments won't make sense because I was trading the TNA off the IWM chart which is where you can see the recycle points I noted -- getting a lift now.

AND HAPPY BIRTHDAY!

Thanks Matt -- I'm glad you mentioned that!