The community is delayed by three days for non registered users.

We are close for a

Posted by sydney on 21st of Jan 2022 at 05:09 pm

We are close for a bounce, hahaha, or not.

I used to trade UBOT

Posted by sydney on 21st of Jan 2022 at 04:59 pm

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 moving.

Yeah, saw that in the

FNGD Updated View

Posted by sydney on 21st of Jan 2022 at 04:55 pm

Yeah, saw that in the morning, but did not want to chase.

I just scan through top

Posted by sydney on 21st of Jan 2022 at 04:53 pm

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

Posted by sydney on 21st of Jan 2022 at 04:14 pm

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

Posted by sydney on 21st of Jan 2022 at 03:19 pm

New low accelerated today with single digit new high on my indicator.

XLF bounced up from lower

Posted by sydney on 21st of Jan 2022 at 10:36 am

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

January 13th Watchlist

Posted by sydney on 20th of Jan 2022 at 05:54 pm

Let me read Matt's FAQ first.

Thanks Steve. What I like

January 13th Watchlist

Posted by sydney on 20th of Jan 2022 at 05:53 pm

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?)

Hey Steve, Are these alerts on

January 13th Watchlist

Posted by sydney on 20th of Jan 2022 at 05:40 pm

Hey Steve,

Are these alerts on the bottom right of this page poping out set by you?

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

Posted by sydney on 19th of Jan 2022 at 07:21 pm

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 top.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!