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The SPY system is already long as yesterday a couple subsystems went long and the day before another one went long. Maybe another subsystem or may may go long today. Of course in a continued panic crash like this the subsystems may not work correctly or have a large draw down  

I too am confused about the signal generated from just one of the subsystems versus a signal generated from the main SPY system. I posted a question here yesterday asking Matt about this but he never replied. Although the FAQ about the SPY system never goes into detail about it I always assumed the main SPY system is based on a majority of the sub-systems giving a signal.

I asked Matt yesterday was the signal he posted based just on the one sub system he mentioned (Trap Sub) or was it based on a majority of the subsystems giving a signal. I would only want to trade the main SPY system due to its good record over the years. Another question for Matt/Steve, is the record of the SPY system based on a combination of its subsystems giving signals or is it based just on one or two of the subsystems giving a signal.   

I'm a bit confused, the

Matt..was there a SPY signal today?

Posted by victorh on 30th of Jan 2018 at 04:24 pm

I'm a bit confused, the SPY FAQ page says "The SPY Pro system is not one system, it's actually a macro system that is made up or diversified across 23 sub systems that all work in concert with one another.  Each sub system does different things and are actually whole systems on their own that can be run individually." 

Matt you just wrote that the SPY system went long one of the sub systems (Trap Sub). What about all the other sub systems? I guess what I am asking is this signal based on one sub system the same as a signal based on all 23 subsystems?  

This is a trading site which combines technical analysis and trading. Why the member took it upon himself to say "this is hardly a trading site" is beyond me. Matt and Steve give the big picture and always say members should trade according to their own objectives. Someone that day trades can get valuable info from here as well as someone who only trades on a sporadic basis,  so to say this site is only geared to day traders couldn't be more wrong.

I have used many different services many costing far more than this site and very few have given the wealth of info and big picture Matt and Steve do. I have also subscribed to Armstrongeconomics and found it to be virtually worthless. Lots of long rambling newsletters which never get that specific. On many occasions Armstrong would backtrack and switch his recommendations, maybe it works for some but not for me.      

Most of the  increase in new lows appears to be from interest rate sensitive issues i.e. bonds trading as stocks.

Appears BULL flag in the

Posted by victorh on 24th of Jan 2018 at 09:08 am

Appears BULL flag in the making…

VXO rising with the SM…

No idea how this transpires, longs need to have stops in place…

GDX breaking out

Posted by victorh on 20th of Dec 2017 at 12:59 pm

GDX breaking out

GDX Bear wedge developing?

Posted by victorh on 19th of Dec 2017 at 02:06 pm

GDX Bear wedge developing?

Is the trade long or

Posted by victorh on 6th of Dec 2017 at 12:22 pm

Is the trade long or short that the Trend Trade sub system is going to take?

A pretty disappointing weekend report Unlike

Posted by victorh on 4th of Dec 2017 at 09:05 am

A pretty disappointing weekend report

Unlike one member who seems grateful the reports have been combined I feel just the opposite. We all pay a good amount of money for this service and I for one appreciate more info than less. Sure it's easier for Matt and Steve to combine the reports and skip trade ideas, but if they are going to continue to cut back on the info they provide then at the very least the subscription price should also be reduced.  Another trend I have noticed of late is the commentaries on many charts are not nearly as extensive as they used to be.                                                                                                  

It seems almost every report now there is a comment along the lines of "lets get through these charts quickly". In the past I very rarely heard these sort of comments and the reports were more detailed and longer. Now that the trade ideas have been dropped for this weekend report I assume for future reports there will be less and less of them. Matt did say in this report if he got a chance he would post a trade idea on the blog,  however I prefer the extensive charts and verbal commentary that are present in the reports.        

It's extremely difficult to hunt through days of blogs to find trade ideas and to see how they worked out. It's much easier to find them in the reports and I really miss the section titled "trade ideas" they had on the old site as that made it extremely easy to find current and past ideas. Hopefully they will bring back that section to the website. Having said all that I still think Matt and Steve have a great service, I would just hate to see them continue to cut back on things.  

RUT power period dates incorrect?

IWM Daily View

Posted by victorh on 15th of Nov 2017 at 06:26 pm

There are sub power periods are especially potent and consistently positive each year, but everything I read on the web says the dates are different than starting this Friday and lasting into Black Friday. The dates are as follows for all 3 sub power periods. So just curious as to how you come up with different dates for period 2 than everyone else. 

Power Period #1: The last two trading days of October and first two trading days of November.

Power Period #2: The last six trading days of November and first three trading days of December.

Power Period #3: The last seven trading days of December

Market Analysis from Rambus

Posted by victorh on 6th of Nov 2017 at 01:14 pm

https://rambus1.com/2017/11/04/weekend-report-the-usd-reports-of-my-death-have-been-greatly-exaggerated/

Yes but thats actually a

DOW RSI-2 LEVEL

Posted by victorh on 23rd of Oct 2017 at 03:35 pm

Yes but thats actually a bullish signal for the short term as usually when its this overbought it can continue up. Check this link out on CNBC which explains in more detaii.

https://www.cnbc.com/2017/10/20/by-one-measure-the-dow-is-the-most-overbought-in-117-years-but-that-may-not-be-a-bad-thing.html

80 was yesterdays close as

!PMOBUYALL currently at 80.

Posted by victorh on 19th of Oct 2017 at 02:02 pm

80 was yesterdays close as the chart doesn't update intraday. Will be interesting to see what today's close is. 

How come no newsletter for Wednesday?

Posted by victorh on 12th of Oct 2017 at 08:32 am

How in the world can the NYMO be oversold??

Posted by victorh on 7th of Oct 2017 at 05:09 pm

I understand the reasoning that if it closes below the lower BB band the system calls for a rally, but I hardly call a one day decline of 5 points in the SPX leading to a oversold condition when it has been going straight up nonstop for weeks. Steve and Matt have been saying for a couple weeks how extremely overbought the market is so I hardly see how a 5 point SPX decline can make things oversold after a 2 week 50 point advance. Maybe this is one time the system should be ignored?    

Reason for pop in gold. silver

Posted by victorh on 6th of Oct 2017 at 11:40 am

North Korea announced they may soon test fire a missile capable of reaching west coast of USA  

Each index seems to have different levels for extensions. The 161.8 Fib extension of the 2015-2016 decline for the SPX comes in around 2305 and as you know the SPX is far above that so what would prevent the Russell from blowing through the 1516 level just like the SPX blew through 2305 never looking back? 

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