it's something I keep an eye on, I'm interested when it starts
to get closer to the zero level where it looks like it's going to
go back positive, I think that will lead to a recession
$NYA - Chart Link We've used this ratio
for the Martin Zweig Breadth Thrust signals that rarely occur (one
confirmed ear early Nov with that sharp move higher) and was a
great signal.
However while those Breadth Thrust signals are rare, the ratio
can also be used as a mean reversion long system whenever it gets
oversold - and works best in an uptrending market
Paxgold is a crypto currency that I wasn't aware of, each coin
is backed by 1 ounce of gold kept in a vault - kind of like digital
gold basically
anyway as you know gold futures do no trade on Saturday and so
when Iran initially attacked Israel Paxgold spiked to $3200!!
I say this when I had fallen to $2900 and I was trying to get
account setup so that I could short it because I knew it would
crash down, I wasn't able to get that account setup in time. Anyway
Paxgold gave all those gains back
Again, I know that the Iran thing was a wildcard for the
weekend, however as I posted on Friday, I strongly favored that
wave count to have completed on Friday as a v of 5, therefore I was
confident this emotional spike in Paxgold would get sold and it
did
If gold completed that count, then it will likely enter into a
consolidation phase for a while. Seasonality wise gold tends be
weak from last April to mid July.
Silver broke out of that monthly and weekly coil and gold broke
out of long term pattern, ideally what we'd see is a consolidation
over a few months to backtest those previous resistance zones/now
support
$SPXA50R - Chart Link- amazing how quickly that
indicator has dumped since that divergence, has fallen to 44.4%
from 75% just 3 days ago! And from 85% from last week
the GE issue has to do with a split that the STS tables may not
know how to account for - redownloading the historical data will
fix that, however we need add some logic for this because stocks do
split and this may occur with other stocks
yep I read about that too and agree. Once you get politics
involved, people tend not to do what is required if it not
politically favorable, even though it's necessary and may cause
some pain in the short term but be better in the long
run.
it's just like the politicians, they only care about getting
reelected and they won't do something that is needed and necessary,
if it may cause them not to get reelected
yeah you are right - that GE chart doesn't make any sense, I
looked at my Tradestation and it's been long since Oct 24th and is
STILL LONG. I'll ask James to take a look
here take a look, first chart is from my program on TS, second
image is from the tables - clearly something got messed up
on V going back long, you guys also need to consider other
things like, the system just was long V from Nov 1st to April 4th
and locked in a great swing trade. Odds are always not as good for
another big winner after it just captured a big trending move.
Again you never know, but generally the way a lot of trend type
systems work is that they don't often capture two big winners in
row - because of how the market works, the market tends to
trend/consolidate/trend/consolidate.
that said - honestly it's not a bad entry consider price is only
1.36% away from the STS stop, that's pretty tight to be honest, and
for those of you who tend to bitch that price is too far away
from the STS on new triggers, that is not the case most of the
time, some of the time yes
I cannot confirm that trade until 2 min after the close - it's
going back and forth from triggering to not triggering, so best to
wait for a close - and TS doesn't settle the fine SPY price until 2
min after the close
this is the one system that was showing a possible long entry,
but right now it's going in and out, if prices close right here or
higher it won't trigger, if they sell off again then it will,
here's the stats otherwise
BPT - Chart Link- long idea from weekend, man
yesterday I was thinking that BPT was probably a low risk buy near
that 20 day MA with tight stop, I didn't do it, of course it popped
off the highs today, big volume
The community is delayed by three days for non registered users.
it's something I keep an
Matt/Steve, what is going on with this chart in relation ...
Posted by matt on 14th of Apr 2024 at 01:23 pm
it's something I keep an eye on, I'm interested when it starts to get closer to the zero level where it looks like it's going to go back positive, I think that will lead to a recession
Breadth Thrust NYADV/NYTOT ratio as a mean reversion system
Posted by matt on 14th of Apr 2024 at 12:50 pm
$NYA - Chart Link We've used this ratio for the Martin Zweig Breadth Thrust signals that rarely occur (one confirmed ear early Nov with that sharp move higher) and was a great signal.
However while those Breadth Thrust signals are rare, the ratio can also be used as a mean reversion long system whenever it gets oversold - and works best in an uptrending market
Paxgold crypto spike to 3200 and drop and completed wave count in gold metal on Friday
Posted by matt on 14th of Apr 2024 at 12:45 pm
Paxgold is a crypto currency that I wasn't aware of, each coin is backed by 1 ounce of gold kept in a vault - kind of like digital gold basically
anyway as you know gold futures do no trade on Saturday and so when Iran initially attacked Israel Paxgold spiked to $3200!! I say this when I had fallen to $2900 and I was trying to get account setup so that I could short it because I knew it would crash down, I wasn't able to get that account setup in time. Anyway Paxgold gave all those gains back
Again, I know that the Iran thing was a wildcard for the weekend, however as I posted on Friday, I strongly favored that wave count to have completed on Friday as a v of 5, therefore I was confident this emotional spike in Paxgold would get sold and it did
If gold completed that count, then it will likely enter into a consolidation phase for a while. Seasonality wise gold tends be weak from last April to mid July.
Silver broke out of that monthly and weekly coil and gold broke out of long term pattern, ideally what we'd see is a consolidation over a few months to backtest those previous resistance zones/now support
yep, I was about to
US Dow weekend trading. Dow down 350pts after Iran news.... ...
Posted by matt on 13th of Apr 2024 at 06:10 pm
yep, I was about to post that weekend futures link, shows speculative Dow Futures down 345 or about -0.95%
on that Iran and Yemen attack news
SPX % stocks above 50 day MA
Posted by matt on 12th of Apr 2024 at 10:23 pm
$SPXA50R - Chart Link- amazing how quickly that indicator has dumped since that divergence, has fallen to 44.4% from 75% just 3 days ago! And from 85% from last week
that divergence really kicked in
NYSI system short playing out
Posted by matt on 12th of Apr 2024 at 10:21 pm
$NYSI - Chart Link-
the GE issue has to
GE kiss chart looks out of whack...
Posted by matt on 12th of Apr 2024 at 10:20 pm
the GE issue has to do with a split that the STS tables may not know how to account for - redownloading the historical data will fix that, however we need add some logic for this because stocks do split and this may occur with other stocks
yep I read about that
Arthur Burns wrote a famous speech about his own failure ...
Posted by matt on 12th of Apr 2024 at 10:14 pm
yep I read about that too and agree. Once you get politics involved, people tend not to do what is required if it not politically favorable, even though it's necessary and may cause some pain in the short term but be better in the long run.
it's just like the politicians, they only care about getting reelected and they won't do something that is needed and necessary, if it may cause them not to get reelected
yeah you are right -
GE kiss chart looks out of whack...
Posted by matt on 12th of Apr 2024 at 10:11 pm
yeah you are right - that GE chart doesn't make any sense, I looked at my Tradestation and it's been long since Oct 24th and is STILL LONG. I'll ask James to take a look
here take a look, first chart is from my program on TS, second image is from the tables - clearly something got messed up
on V going back long,
Go V with the counter-trend buy signal! Not in it, ...
Posted by matt on 12th of Apr 2024 at 10:06 pm
on V going back long, you guys also need to consider other things like, the system just was long V from Nov 1st to April 4th and locked in a great swing trade. Odds are always not as good for another big winner after it just captured a big trending move. Again you never know, but generally the way a lot of trend type systems work is that they don't often capture two big winners in row - because of how the market works, the market tends to trend/consolidate/trend/consolidate.
that said - honestly it's not a bad entry consider price is only 1.36% away from the STS stop, that's pretty tight to be honest, and for those of you who tend to bitch that price is too far away from the STS on new triggers, that is not the case most of the time, some of the time yes
STS tables updated
Posted by matt on 12th of Apr 2024 at 04:11 pm
https://breakpointtrades.com/sts_table/?search=BPT_basket
thank you very much! we
AAPL still did well today despite the market
Posted by matt on 12th of Apr 2024 at 04:10 pm
thank you very much! we really appreciate that, you too and everyone else!
AAPL still did well today despite the market
Posted by matt on 12th of Apr 2024 at 04:05 pm
AAPL - Chart Link
the high performance AAPL system triggered yesterday, which I commented on yesterday
no trigger
SPY QE BTS mean reversion
Posted by matt on 12th of Apr 2024 at 04:02 pm
no trigger
I cannot confirm that trade
SPY QE BTS mean reversion
Posted by matt on 12th of Apr 2024 at 03:59 pm
I cannot confirm that trade until 2 min after the close - it's going back and forth from triggering to not triggering, so best to wait for a close - and TS doesn't settle the fine SPY price until 2 min after the close
SPY QE BTS mean reversion
Posted by matt on 12th of Apr 2024 at 03:58 pm
this is the one system that was showing a possible long entry, but right now it's going in and out, if prices close right here or higher it won't trigger, if they sell off again then it will, here's the stats otherwise
BPT follow up
Posted by matt on 12th of Apr 2024 at 03:50 pm
BPT - Chart Link- long idea from weekend, man yesterday I was thinking that BPT was probably a low risk buy near that 20 day MA with tight stop, I didn't do it, of course it popped off the highs today, big volume
ha yep, and I'm sure
Is Yellen back from China yet? Need to start ...
Posted by matt on 12th of Apr 2024 at 03:48 pm
ha yep, and I'm sure she scared XI LOL
SPY QE long may trigger a 1st entry, that's all I saw for SPY
Posted by matt on 12th of Apr 2024 at 03:48 pm
I've opened half of the ES mean reversion systems nothing triggering on those, opening up the last set now to check
Update: SPX 5 min
SPX 5 min
Posted by matt on 12th of Apr 2024 at 03:46 pm
$SPX - Chart Link- nice bounce from that second MACD divergence