Cloud computing ETF (CLOU) has bounced off the 50 SMA on the daily chart and offers a low-risk entry.  

Which platform are you on Fred?  Someone will be able to show you how to set up the MAs on your charts.

Nice 8% pop on CEVA this morning.   I'm still long from the breakout a month ago.   Stop moved up to today's low.

Arun - Appreciate you taking the time to respond - thanks.

Yep!  Glad we've got that in our toolbox.   

The Ciovacco video got me looking at the solar ETF (symbol TAN).   Looks like it's trying to break out of a 9 year pattern on the monthly chart.

Steve - I generally find good value in these videos from Ciovacco, but surely a "signal that has flashed only 4 times" had not triggered enough for us to derive any statistical value.

Arun - When I look at weekly QQQ I see a parallel channel.   What makes the case for the wedge?  Thanks!

Need some volume....

HON coiling on daily.

Silver futures forming pennant/coil on daily.   Looks pretty tight on hourly (ToS symbol /SIL)

You lost me with this Arun.   Would you be kind enough to spell out what you are saying here?  Thx.

Hey Matt - thanks for the comprehensive newsletter.   Wrt to the new system, will you be notifying subscribers when long trades are triggered on the SPY for their 401k?   We have the DVT for the stops which is great but I haven't seen confirmation that you will be notifying us when to go long after a stop out.  Thanks - Matt.

Looks like a low risk entry point on GOOGL.   On support trend line and 50 SMA (daily).

Don't know what to make of the market this morning.   Nasdaq,  SP and Dow futures up, gold up, silver up big and vix futures in the green right on the 200 day SMA.   Any crystal balls working out there?

You're getting your wish. SIL futures up another 4.5%.

Thx Jason.   Just to clarify - it is sitting on the 200 EMA.   It is still $3 below the 200 SMA.

Steve - I don't have nearly as much experience as you or Matt and am still defining my plan through experience.    Understanding your plan is helping me define mine.   I am trying to stand on the shoulders of giants, not blindly copy.     

Never got a candle close above 50%.   Looking at it now I would redraw with the C on support which makes more sense.

I think I see an ABC pullback on 2hr /ES into support.   MA beginning to pinch on 15min.  Waiting for confirmation - price coming back to 50% of the red "C" candle.   Never traded futures before - maybe tonights the night!