The rally started before the GDP numbers so you can say was it in expectation of a good number or was it just technical.  That's where marrying the news and the action doesn't always provide a clear picture.  Regardless the numbers are below and we are higher.

GDP price index up 2.8% vs. consensus of 2.0% for the quarter

One more update post this morning rally.

A look at the 5 minute and 4 hour ES charts this morning.  Some positive divergence on the 4 hour but nothing to really get worked up over yet.

Your good, I like to reiterate it but I need to get small tips like this posted somewhere for members to reference.

Great question.  Well I wouldn't make a habit of copying and pasting things here from other sources to begin with.  In general your likely sharing your thoughts and ideas and typing them so it should be a rarity. 

One thing you can do though is past whatever your coping first in Notepad (on PCs, IDK what a mac version would be) because notepad will strip out all of that script and then copy from notepad and paste.  

Please use caution when copying and pasting from news sources.  They use a lot of "hidden" script which can conflict with our Community.

Watch the QQQ's - they will reflect sentiment

Apple reports Q4 EPS $8.67, consensus $8.75 Reports
Q4 revenue $36B, consensus $35.8B

Apple sees Q1 EPS about $11.75, consensus $15.41 Sees
Q1 revenue about $52B, consensus $54.98B

The S&P 500 closed up so there was no trade but I received many questions about what to trade the signals with and really the answer is whatever fits you best.  The system is on the index so you can deviate anyway you see fit (but obviously stay with something that you expect to track the S&P).  SPY, SSO, Index options, options on SPY or SSO....whatever.  We cannot advise (as you all know) but choose whatever fits your style, risk tolerances and capital requirements best.  Any derivative of the S&P should be acceptable but I don't have any data to provide input of which one tracks best.

The system uses the index so it would be as of 4pm, no post market trading, no futures.

I don't necessarily love it but I don't think I would be shorting it on weakness.  That MACD could just be recycling and with the MAs below it could have support.  Maybe a play down to the 200 but I feel like I would have to be quick with it and could even then take a shot long. JMHO

Yesterday, 10/24/12, Matt sent out an alert that the BPT EMA RSI 2 System entered an initial 30% long position on the close. 

This notification is to advise that the system will enter in a second long entry of 30% (bringing the position to a total of 60%) if the S&P 500 closes below yesterday's close of 1408.75.

Yep the 29th +/- so the range would generally then be Friday to Tuesday. 

Also just wanted to note the VIX BB system is set to close inside the BB's after closing outside the previous two days.

If you didn't know, AAPL has earnings tonight.  Interesting set-up in the longer term intraday charts with divergence in MACD and RSI.  Nothing on the shorter yet but that wouldn't take much.  Otherwise we have the 200 day below around $587.  Get your popcorn ready.

That is definitely one to watch and that divergence is pronounced until we see that it wants to recycle.  I also see some divergence in the OBV.  In the short term we are right at the 20 day MA with some positive div on 5 min and 60 stoch under 60 since about 10 am EST so we might see some support right here but for a swing these are levels to watch for sure.

An ideal long set-up with the stoch would be to stay under all day and then gap lower slightly tomorrow and immediately reverse giving you about a day under the 20 level.

10/25/2012: Multi Entry System2nd Long Entry Notification

If SPYcloses below the price of $140.78, the Multi Entry SPY swing system will add a 2nd entry of 20% to its current 40% stake for a total position size of 60% of allocated capital.

That is all true.  If I were to try and argue the other side I would say something that concerned me today on the gap higher was there was really no positive divergence on the 30-60 min charts where this recent drop started to put that in place.  Divergence itself isn't a signal but was something I was looking for.

Edit...attached chart. 5 min does look like it wants lower.

Just a quick note.  I will be monitoring all the systems while Matt is away today.  It looks as though the scale in will be the same so I will send an official alert here soon but $140.78 will be the 2nd scale in price.

You know I always liked the look of those but had seen mixed reviews.  Thank you for sharing and yes F has made some great business decisions lately.  GM is touted for the better balance sheet (and rightfully so after a bankruptcy) but I think F has a stronger line-up when I look across their products.  I was raised on the bowtie but it is what it is.

Snap shot of this mornings up action hovering around R1