Hey Matt -- no, I hadn't noticed it yesterday, but yes, now that you point it out, I do see it. What's cool about this tool is that you can use it as intended, for quick trades -- but you can also use it to find an entry at times for longer term trades. Like in this case I've been stalking KRE looking for an entry and when it took out the LOD and kicked back I was watching the STos and sure enough, boom, there it was.

I'm going it be using it more and more. Something about the 10 period seems to be almost magic right now :-)

And yeah, the banks don't like these low rates -- if the market is turning then maybe we can thank the financials. One of my favorite short sectors right now.

Thanks Steve. It feels like the financials are leading the way down -- the broke the LODs a few candles before the rest of the market.

Matt, this is one of your better inventions!

Really liking the results...just worked like a charm on KRE short...

 Thanks!

I agree -- I have a hard time trading the thinner leveraged ETFs that trade with big spreads -- don't use them much -- too hard to control risk tightly without getting shaken out

The Qs are beginning to look like they're printing a small shooting star, while SPY and IWM nice dojis at resistance. With everything overbought and stretched, starting to wonder if we might be setting up Evening Stars...All we need is a gap and crap tomorrow...

Two rate hikes, not four this year. Very dovish.

Matt - thanks for posting this -- I have come to really like this trade but I never thought to look for it on the one minute chart -- I will in the future!

When the DAX is up big like this the odds that we reverse are pretty small. Likely a trend day.

Maybe Draghi will buy busted oil company paper.

LOL

4. We are going to add SMS to this as well so that you can receive an alert to your phone, however we don't have that in place yet.  We decided against the door to door courier service 

I couldn't agree with you more on Buffet.

I just checked and 11:15 was also the exact bottom in Crude but it didn't really take off until about an hour and a half later. I still haven't seen any particular news associated with the point at which it really took off.

Huh, yesterday there was an article in the Journal suggesting that it would be a good idea for the BOJ to buy oil (I'm not making this up!). The notion was that it would raise inflation in Japan! I thought that maybe the BOJ should  just buy Sake!

Haven't seen any news...we'll find out about the time it pulls back...

Everything else (except gold) hanging on for the ride.