3309 Drysdale Ct
Edwardsville, IL 62025
We are close for a bounce, hahaha, or not.
I used to trade UBOT and after losing support at 41, it is down
29% so far. It has gone up 10x from covid low to the recent high. I
was a bit scared to short this, because when it went up it was fast
Yeah, saw that in the morning, but did not want to chase.
I just scan through top holdings in ARK(x), most of them tag the
5ema and drop like a water fall, similar to qqq etc. Half of the
ark(x) etf are down 2%+, half are down 5+% today.
Thanks Steve. I think your short ETF is right on, excellent
play. I did close my soxs today just in case the reversion to the
mean system works. Also looking at the 5 min charts, smh seems to
have a lesser fall after 272.6 area was lost, as opposed to spy
when it lost 441.
RIO loss its permit to mine lithium in Serbia just after the
tennis guy was not allowed to play :) Melbourn and I think Darwin
as well, want to fine those who do not take a jab...
Now come to think of it, I could have used the SPXU, SQQQ as
puts for shorting SPY / QQQ, same thing. Thanks Steve.
Hey Steve and Matt, thanks for the hard work, I was referring to
shorting the indices, just not sure why there was no shorts on the
indices, now I understand, because the system is reversion to the
mean. Also for shorts, I was looking for more of the high PE, no
profits setup (as oppose to profitable companies). Yes, the banks
gapped down that I took a loss because I was about 50% in banks and
my stops were not tight enough. Energy was OK. I put too much
confidence in good earnings, like BAC, and some semis have good
earnings and upgrades, all got smashed down. TSM earnings is just
so good. So definitely not a bull environment. In a broad market
drop these things got pulled down as well. It seems only DBA, corn,
weat, soyb are bucking the trend. Let's see what happens on Monday.
SMH down candle shrinking. I did go small long (catching a
knife). Not sure if we will see a big gap down or a reversal. XRT
did not close at the low.
I wonder if this system is only for longs, I have asked for
short sells last week or 2 ago. This looks like the beginning of a
stage 3 top to me, of course we will get counter trend rallies.
New low accelerated today with single digit new high on my
XLF bounced up from lower trendline
Good trade, I sold way too early, didn't think the market is
this weak. But short covering rally can be powerful too.
Let me read Matt's FAQ first.
Thanks Steve. What I like to know is if the alerts are set by
you that once a price reaches it, the alert will be shown?
So e.g. Jan 13 there is an alert for SOXS, Jan 17, there
is another one, then Jan 18 there is another one. I just like to
know how are these alert set up (that you set a price and when it
reaches it, the alert is triggered?)
Are these alerts on the bottom right of this page poping out set
Will there be an alert if the "trade" closes?
Also, would be nice to have the alerts stay that are triggered
on the day stay on the page instead of going away.
GDX candle without much of a gap up is probably the largest in 1
or 2 years, with high vol.
Australian gold miners are also on fire.
marked 2 std previously where spy bounced (and currently
it is there), same for qqq
may be that explains why vix is not too high, both qqq and spy
are at 3 standard deviation low, a place where they both turn up
the next day in the past
this is puzzling, you would think puts should go to the roof,
with new lows greater than new highs, and qqq below lower
trendline, but qqq is close to 200dma. This is typical stage 3
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!