3309 Drysdale Ct
Edwardsville, IL 62025
CBIO was a BPT pick a month or so ago. Broke out a month
ago and pulled back. I got in on the buy signal (long white candle)
after the downtrend break. Looks like it may have some momentum.
Sorry meant to post this before the close. Got distracted and oh
I've only been following this AAPL volatility index for about 6
months, so still not sure how to use it. But we have a convincing
close above the downtrend line, so let's see what happens...
Also may be putting in a double bottom with divergence on RSI(5)
MVIS strong this morning. BPT trade idea from last Tuesday.
ZNGA - A BPT long idea from Nov/Dec. BPT chart updated for
recent activity. Been flagging. I have some March 10.00 calls but
getting a little skittish as sell volume has been stronger than buy
LXRX coil playing out well.
You're welcome. I appreciate the charts you have shared. I
follow one you posted last summer containing the Apple volatility
indicator ($VXAPL). (I added a correlation indicator.) I am curious
what your take might be on $VXAPL currently:
For what it's worth, here's a heads up on Nasdaq cumulative
$NAAD - Nasdaq Advancing-Declining Issues). Cumulative
$NAAD (lime green line) is above the upper bollinger band. I've
marked the prior times that happened (or where it touched the upper
band) with vertical dotted lines to show where this lines up with
$COMPQ price (cyan line). The heavy orange dotted lines show where
this signaled a pullback. Three times the pullback was 400 to 500
points. One time (in Oct) the pullback was 950 points. The light
orange line marks a minor pullback of ~250 points. The two blue
vertical lines mark where no pullback occurred (April) or where a
pullback was already underway and nearly complete (August)
My thoughts exactly. Matt posted the wedge that played out.
Could have been anything that triggered the selloff. With
technicals, it doesn't matter. The setup was there.
Yeah, I bought the retest of the line yesterday and got stopped
out when the market dropped and it tested the 20 ma. Saw it had
reclaimed the line by end of day but had already redeployed the
money elsewhere. Win some, lose some. I missed the rip today but
maybe I'll get lucky with the ones I bought instead (ALT,
ALT is another coil play (originally from 12/21 newsletter).
Getting close to the top of the coil. If the market gets that a-b-c
pullback, maybe there will be a chance to buy in lower. Or it could
keep moving up and bust out. Remains to be seen. Either way,
appreciate Steve re-posting it yesterday.
Long-term view of $BPCOMPQ. It appears to be topping now very
near the all-time high hit 17 years ago in 2003/4. Bigger context
is that back then this was closer to the beginning than the end of
a strong bull market. Note that the first peak of $BPCOMPQ in 2003
did not mark the short-term high in the $COMPQ index. The second
peak at beginning of 2004 with divergence on MACD and
StochRSI did. There was then a sideways consolidation for the next
year to 18 months. No guarantee that happens now, Just helps us
stay open to the possibility. Divergences are also interesting
across the $BPCOMPQ, MACD, and StochRSI.
A couple charts created on Stockcharts. You can get this and
other info on Stockcharts as well as for other exchanges. Need to
use Stockcharts search function to find symbols.
This one shows # SPX new highs/lows:
This one shows # NYSE advancing/declining issues:
SILJ testing support. Some divergence on RSI 5 and CCI 14.
DOCU lost uptrend line yesterday. Could bounce at the 50 ma and
test it from below, but looks like it could have a date with the
185 / 200 ma area.
Dang, drew this line two days ago but did not pull the trigger.
FUTU chart. Trade idea from Matt/Steve a couple weeks ago.
Did a little research on CAN, because I had no idea what they do
in crypto area. They make the blockchain servers and
microprocessors for bitcoin mining. Their price peaked in November
when they reported a loss. Given the hardware and electricity
costs, bitcoin price needs to be over $15,000 for mining to be
profitable. That is the case now, so people may choose to get into
mining, which means CAN will sell them equipment. So they are a
peripheral player in the crypto field, kind of like a parts
manufacturer in the automotive industry, I guess.
SILJ nice move so far today
NIO bumping its head against downtrend line.
NIO Chartfrom BPT newsletter last night
QQQs looking okay today but
NAHLnot so much. While the MACD of NAHL broke down three weeks
ago, its RSI bounced and held above 50 until today when it broke
down pretty convincingly. Looks like NAHL will hold above the 200ma
today, and the MACD is still at 20 (but diving pretty steeply).
This is a breadth indicator, so just a warning / shot across the
bow for now...
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