It seems like things are

    Posted by blayden on 30th of Apr 2020 at 03:38 pm

    It seems like things are moving more towards day trading and short term activity.  Many of us that work day jobs can't participate in this type of trading (or don't want to sit and day trade).  The SPY system typically works good  for trading w/o having to monitor continuously.  I know some of the systems are being revamped, including trading for 401k's?  We need a clear system for 401k's that would typically only have trades every 3-4 months, since at least for my company 401k there are penalties for moving $$'s in or out of a fund more than once every 90 days (I think it is).   It sounds like the DVTS system could be applicable if the right time frame was used?

    Thanks!

    blayden - on intra day

    Posted by matt on 30th of Apr 2020 at 03:50 pm

    blayden - on intra day we focus a lot of day trading or short term trading stuff for obvious reasons, the market is open - lately been a lot of nice setups on 5 min index charts in this volatility. 

    Otherwise there's always kernels of everything in the newsletters - I give plenty of ideas that can be considered swing or even longer term.  don't get caught up in the intra day 5 min SPX charts.  We're not going to post all day long about AMD or gold for example.  intra day the blog is obviously gonna more more short term geared

    For swings look for bases

    Posted by steve on 30th of Apr 2020 at 03:51 pm

    For swings look for bases - falling wedges (often morph into inverse HS patterns next)

    blayden - watch SOXS for

    Posted by steve on 30th of Apr 2020 at 03:39 pm

    blayden - watch SOXS for a swing (quite volatile so take note)

    nice move on SOXS -

    Posted by matt on 1st of May 2020 at 09:41 am

    nice move on SOXS - yesterday was the day to buy it. in this post from yesterday when folks were asking for swing ideas, Steve mentioned SOXS, hope some of you bought it yesterday. Market gaps  - hard to chase gaps best to buy wedge patterns on the indexes inside the pattern if they look good because of their propensity to gap 

    Steve's post reply from yesterday  (blayden - watch SOXS for a swing (quite volatile so take note)

    So if this move down

    Posted by retirefire on 1st of May 2020 at 10:26 am

    So if this move down on SPX should follow an  A-B-C ..... then rather than buy this gap one COULD wait for a retest of the breakout then buy SOXS ?

    Hope blayden took some SOXS

    Posted by steve on 1st of May 2020 at 09:56 am

    Hope blayden took some SOXS yesterday

    I took some this morning,

    Posted by rfmathis on 1st of May 2020 at 10:06 am

    I took some this morning, with a stop back inside the wedge.  Given the more "macro" forecast for next week, I was planning to take a position today, in any case.  Thanks to you both for pointing out this swing idea.

    additional comments on SOXS -here's

    Posted by matt on 1st of May 2020 at 09:45 am

    additional comments on SOXS -here's the 60 min chart - the gap OUT of the wedge this morning is probably a breakaway gap. If so price should NOT fall back into the wedge, so that gives you an idea for a stop.

    Also and this is important. notice symmetry via the dotted line.  That's the FIRST logical target area. 

    Next - if a price run up can break symmetry, that would be important because then odds favor a higher low on the next pullback - which could allow this falling wedge to morph into an Inverse H&S

    thank you, good points blayden

    Posted by retirefire on 30th of Apr 2020 at 03:47 pm

    thank you, good points blayden

    Hard to establish swings after

    Posted by steve on 30th of Apr 2020 at 03:48 pm

    Hard to establish swings after big moves in the market guys...look for the opposite for swings once you get a confirmed top

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