A lot of YOLO traders on /wsb and RH.  Not good.  I think one of the best things that can happen to traders early on is to take a few lumps - teaches you that it's not easy, requires skill, humility, objectivity, commitment and patience and, most importantly, a plan.  I'm afraid that if/when this market turns down, people who just started trading in this bizarrro up-only market are going to find themselves without a plan and with a lot of lost profits.

Seeing a hanging man formation on TSLA weekly.

Thanks, Matt.  Any comments about how the Monday gap up impacts the signals?  I've added some on the pullback but with restraint given the open gap.

Thx.  See the potential there.

Sorry, not seeing the H&S pattern there...?

With the wedge, I don't like that it's down that far in the wedge; when they go that far, they seem to fail more frequently.  Also, still no divergence. 

I shorted at $4.80, so maybe time to take another 1/4 off the table in case market continues up and the wedge plays.  I'll wait to see if the 14 Stochastics clear 50, or get rejected again.  Good luck.

The FAZ 7min EOD mechanical system triggered this morning, but when I checked in on how it was doing, saw that it didn't execute because TS didn't have shares to short.  This had happened several times in the past month. 

Obviously missed out on a very nice trade, but more significantly, I'm wondering if the system is even worth running if shares aren't available reliably.  Maybe set it up to trigger a buy of FAS instead of a short of FAZ? 

Any TS users have similar issues?

This is one I've been playing, alternating long and short within the clearly defined triangle.  Bounced off upper trendline yesterday.  Not a fast mover, so easier to manage for those like me with a day job.  But still generates respectable gains. DYODD.

LVLT looks like it finally popped.  unlike last week's fakeout BO, this has more substantial volume behind it.  like to see it get over $1.25.

the double top on the 15min SRS chart measures to around $19.75, give or take.  she's getting pretty close.

If this $DJR double bottom formation is valid, it measures to ~$135.  That's why I've avoided it so far today.

I use Picasa - free from google.  Cool thing is, when you have it open, whenever you hit the 'print-screen' button, it automatically creates an image file.  you can quickly crop it and post it.

http://picasa.google.com/

I've been watching this for a while - closely hugging the trendline working towards the $2 horizontal R.  Volume is pretty light though.  Nice spike on the breakout, but the daily volume is still very light.  Thoughts?

Curtis - create a regular chart for the symbol (e.g, $tick).  Below that chart, under "indicators", select "Price" from the dropdown menu; input the comparison symbol (e.g., $SPX), then select "above" or "below" from the "position" dropdown.  that should do it.

imho, it looks bearish.  Rising wedge with negative divergence; retesting the broken TL as someone else pointed out.

Running out of room to maneuver...

I still don't like the setup on SRS yet.  No divergence on the intraday charts, and $DJR is in no-man's land between R levels.  Even if I'm wrong, and I miss a big move on SRS, I'd rather do that than get on the wrong side of it; it's a big mover and I'd rather miss the bus than get run over by it.

$DJR broke through TL resistance around 101.  Waiting to see if turns around at horizontal R at either 103 or 104 before getting into SRS. 

Even at that, I'll start w/ a small position. This market seems very "buoyant".