jtsurfah, thanks for the idea.

Question answered

Posted by craigm on 20th of Jul 2021 at 05:01 pm

jtsurfah, thanks for the idea. I sold a call near the close before the EOD drop. 

Here's the statistics on all

McClellan Systems closed out

Posted by matt on 20th of Jul 2021 at 04:30 pm

Here's the statistics on all 4 Index McClellan Bollinger Band stats. Mostly the same. Otherwise the data goes back much further on the SPX to 1980, but much less so on the others with the Russell data going back the least

McClellan Systems closed out

Posted by matt on 20th of Jul 2021 at 04:10 pm

you can see the trades on SPX upper left and the IWM 2nd entry at the bottom right. Stats show the SPX. The IWM is similar

glad you find that useful, yes price got pretty close to that next pivot - let me rephrase that it did. that next Tick pivot is 4339, the high was 4337, so 2 points. I like to use +/- 3/5 points with those. The 4307 is now support since we are above it

20 k share blocks bid

Posted by retirefire on 20th of Jul 2021 at 04:03 pm

20 k share blocks bid at 2.80 woke AAZZF up

the 9 EMA - too

SPY System update

Posted by matt on 20th of Jul 2021 at 03:57 pm

the 9 EMA - too bad price won't be closing over it, it was above it 15 min ago.

as far as which systems? I've made that clear many times, I use both. I use the harder to enter a long position. For exiting that position I then I use the (easier to exit version ) to exit 1/2 the trade (usually the option) and keep long the ETF based on the one that holds longer as it makes more profit, and I place a stop at entry.

Is that a VIX buy signal

Posted by lsherrer on 20th of Jul 2021 at 03:51 pm

Is that a VIX buy signal I see? 

Which are you intending to

SPY System update

Posted by jackbnimble on 20th of Jul 2021 at 03:44 pm

Which are you intending to use as the exit for “Harder-to-enter, easier-to-exit” system trade currently long? 

100 point bounces? Geezsh  

Posted by profmel on 20th of Jul 2021 at 03:27 pm

100 point bounces? Geezsh     Got to give it up to the algo boys -- trading to the penny off of Matt's charts :) That TICK chart is worth the cost of admission!

Very helpful - I've just gone and added this as well

Updated view on this 60 min and MA ribbon

Posted by matt on 20th of Jul 2021 at 03:19 pm

that's the look - it's hard to quantify that in a system with numbers, but visually is very obvious when you see the MA ribbon and BPT MA deluxe like that, and of course the 13 Demark was just icing on the cake

Jury is still out on SPY and the markets. Breadth has been strong. I don't regret taking profits where I did, and you're right that XLB looks vulnerable, but I'm feeling pretty cautious on the short side here with the earnings wild cards in the mix

FOLD lookin' nice!

Posted by Trendie on 20th of Jul 2021 at 02:38 pm

FOLD lookin' nice!

Ok, timebandit, you were right-on, with the 61.8 Fib on the SPY trade; so, I will join you on this one.  It looks vulnerable.

ASPS back above horizontal support

Posted by timebandit on 20th of Jul 2021 at 02:26 pm

ASPS back above horizontal support

$VIX has a chance of

Posted by timebandit on 20th of Jul 2021 at 02:23 pm

$VIX has a chance of closing within the upper band if the market holds up into the close. Currently at 20.17, while the upper band is at 20.45

Thanks! Grabbed some and up so far

Did not take this short. Market a little too strong for me at the moment

Yeah AAZZF needs to bounce. Or buy weakness ?

SPY System:  Another winner!  If

Posted by steverobin on 20th of Jul 2021 at 02:15 pm

SPY System:  Another winner!  If you only took these trades the site is a Homerun!

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