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

CCJ - we're into an

Posted by frtaylor on 25th of Jul 2023 at 11:50 am

CCJ - we're into an old upside gap from 2011. Close of the gap is at 37.38.

Possible. Here's a 30 min view with a channel. Divergence on the MACD, none on the RSI 5.

CHWY breaking down into the

Posted by frtaylor on 25th of Jul 2023 at 10:40 am

CHWY breaking down into the gap after a weak bounce attempt.

QQQ has not broken symmetry

Posted by frtaylor on 24th of Jul 2023 at 12:13 pm

QQQ has not broken symmetry since the low on March 13th. The largest down move in that time frame was 15.31, which was June 16th - 26th. The move down from July 19th has been 13.64 points so far.

Stopped out.

About to fall into the gap to the downside. Thanks for the heads up.

Next week is another of

Posted by frtaylor on 21st of Jul 2023 at 11:11 am

Next week is another of the "Nasty Seven" weeks of the year, statistically speaking. I.e., historically the seven worst performing weeks of the year. Last time the trade worked out very well.

The Worst Weeks

DBA looks a little tired

Posted by frtaylor on 21st of Jul 2023 at 09:56 am

DBA looks a little tired (daily chart). Trying to decide whether to take my position off.

SPX reversing down from the bounce up to the .786, so far anyway.

CRWD daily chart looking bullish

Posted by frtaylor on 19th of Jul 2023 at 11:35 am

CRWD daily chart looking bullish - yes?

OTOH, we got a VIX

VIX, UVXY

Posted by frtaylor on 7th of Jul 2023 at 04:03 pm

OTOH, we got a VIX SPX buy signal. 

Thanks - closed one put already, guess I'll close the other now.

Considering early-mid July is seasonally bullish, and considering the wave count for SPX, I will be keeping a tight leash on the trade.

Thanks. I bought a couple puts, will close one on any further down move today, then the other I guess I will see, but likely will set the stop to breakeven once I close the first one. I'll close them both if price makes a new high today.

I took the short IWM trade. It would close when IWM closes below, what, its 8 day ma?

Bit of an "M" topping

Posted by frtaylor on 30th of Jun 2023 at 11:50 am

Bit of an "M" topping pattern on SPX, 5 or 10 minute chart.

Okay, took some off at 6.98. Did notice the bb's. I didn't get as good an entry price as you, averaged in at 6.10. Love today's volume, I may re-enter on a pullback.

I'm long. Big volume on the up move this morning, and no divergence on 5 RSI or MACD on daily, 1hr, 30min or 15min charts. 

Newsletter

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