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CBIO was a BPT pick

Posted by timebandit on 14th of Jan 2021 at 04:04 pm

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 well...

I've only been following this

Posted by timebandit on 11th of Jan 2021 at 05:16 pm

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...

$VXAPL Chart

Also may be putting in

SFIX Bounce off EMA (34)

Posted by timebandit on 11th of Jan 2021 at 10:43 am

Also may be putting in a double bottom with divergence on RSI(5) and CCI(14). SFIX Chart

MVIS strong this morning. BPT

Posted by timebandit on 11th of Jan 2021 at 09:50 am

MVIS strong this morning. BPT trade idea from last Tuesday.

ZNGA - A BPT long

Posted by timebandit on 8th of Jan 2021 at 12:58 pm

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 volume lately

LXRX coil playing out well.

Posted by timebandit on 8th of Jan 2021 at 12:01 pm

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: $VXAPL Chart

For what it's worth, here's

Posted by timebandit on 7th of Jan 2021 at 11:26 am

For what it's worth, here's a heads up on Nasdaq cumulative breadth ( $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

LTBR Updated View

Posted by timebandit on 5th of Jan 2021 at 03:11 pm

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, HVBTF)

ALT is another coil play

Posted by timebandit on 5th of Jan 2021 at 01:00 pm

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

Posted by timebandit on 3rd of Jan 2021 at 10:57 am

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.

$BPCOMPQ Chart

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: CHART

This one shows # NYSE advancing/declining issues: CHART

SILJ testing support. Some divergence

Posted by timebandit on 31st of Dec 2020 at 10:05 am

SILJ testing support. Some divergence on RSI 5 and CCI 14. SILJ chart

DOCU lost uptrend line yesterday.

Posted by timebandit on 31st of Dec 2020 at 09:57 am

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. DOCU chart

Dang, drew this line two

Posted by timebandit on 31st of Dec 2020 at 09:51 am

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

Posted by timebandit on 30th of Dec 2020 at 02:31 pm

SILJ nice move so far today

NIO bumping its head against

Posted by timebandit on 30th of Dec 2020 at 12:00 pm

NIO bumping its head against downtrend line. NIO Chartfrom BPT newsletter last night

QQQs looking okay today but

Posted by timebandit on 29th of Dec 2020 at 03:27 pm

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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