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INverse Index ETF's all had a bull flag look on that pullback

Posted by matt on 24th of Apr 2024 at 05:36 pm

SPXU - Chart Link- that pullback was looking like a bull flag, same with SQQQ, so was favoring a pop again, and of course META is catalyst

FNGD - Chart Link- inverse FNGD pulled back to test the base - logical area to bounce

thankfully the KISS system exited META 3 days ago from a profit

https://breakpointtrades.com/ts/view_chart.php?s=META&g=BPT_basket 

I think that's something we'd all pay to see

here's an AI image I tried to generate - I asked it to show Mark Zuckerberg getting knocked out in cage match - but again this is the problem still with AI - it does a good show showing Mark in the cage, but not him getting hit or knocked out unfortunately! I wanted to see that....

but Facebook didn't get any demand from Digimond!  

ha ha not me either, yeah I have a FB account, but I rarely look at it, just for family basically

now that ES is closed, here's the final numbers

All mean reversion systems are back in cash waiting for the next trade opportunity. 

Utilities

Posted by matt on 24th of Apr 2024 at 04:48 pm

XLU - Chart Link as you know utilities sector has been strong

NEP - Chart Link - NEP has a nice base chart

here's a Finviz Scan for Utilities 

https://finviz.com/screener.ashx?v=111&f=sec_utilities,sh_curvol_o500,sh_price_o1,sh_relvol_o1&o=-change 

sounds like one to add to my t-shirt collection LOL

sounds like one to add to my t-shirt collection LOL

Custom SPY VIX Bollinger Band strategy

Posted by matt on 24th of Apr 2024 at 04:26 pm

the standard VIX BB system using Bollinger Band length of 20 with Stdev of 2 and -2 for longs and shorts. Here's a custom version that uses different Bollinger Band settings for longs and shorts and the exits are a close above or below a short term MA.  The stats are good, though at times it will scale in 2, 3 or a maximum of 4 entries.  The system is raw without filters really, with some good filters one could improve the trades, which I'll look to add

I added the stats and settings and some trade examples

it's basically a mean reversion system

on the charts it's the bottom right, we had closed out 1/2 of this one yesterday as you recall

yep, but also funny how technicals ultimately end up playing out - we were looking for the bounce to form a lower high in the market anyway

ES futures and Tradingview link

Posted by matt on 24th of Apr 2024 at 04:16 pm

Update: FUTU follow up

FUTU follow up

Posted by matt on 24th of Apr 2024 at 03:32 pm

FUTU - Chart Link- idea from yesterday, I bought some this morning, there's no earnings on the horizon - I do suggest for potential longer term plays that not short-term trade setups you dig into the fundamentals. 

otherwise I like weekly pattern

Update: ENPH

ENPH

Posted by matt on 24th of Apr 2024 at 03:30 pm

ENPH - Chart Link- looks like a decent short to me - yesterday was earnings so that's out of the way. Obviously the bounce up into the moving averages this morning would have been the ideal spot

SPY and QQQ with those demand zones

Posted by matt on 24th of Apr 2024 at 01:09 pm

yep and thank you for the charts and ideas

ENPH

Posted by matt on 24th of Apr 2024 at 12:55 pm

ENPH - Chart Link could be a short below that support

Earnings

Posted by matt on 24th of Apr 2024 at 12:52 pm

META - Chart Link- META tonight

GOOGL - Chart Link- tomorrow

MSFT - Chart Link- tomorrow

AMZN - Chart Link- next week

NVDA

Posted by matt on 24th of Apr 2024 at 12:50 pm

NVDA - Chart Link- bounced off the 38% Fib, pulling back off those major MA's

earnings date is a ways off May 22nd

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