$NYSI - Chart Link-

$NYSI - Chart Link-

Dell stock gains as Morgan Stanley ups target on AI business momentum By Investing.com. 

nah it's going to vary - it's not a hard set number, I think the initial stop is below a PSAR or ATR, which will vary in price

the breakout system is the one system that uses a stop initially out of the mean reversion systems, the mean reversion systems do not use a stop at first, until you get a mean reversion bounce. 

and I guess technically the breakout is not really a mean reversion system, I just have it with that mix. The breakout system has a ton of logic to it, one of the main things it uses for entry is the ADX with +DMI and -DMI - it looks for +DMI and ADX expansion 

BTC 2 hr - I'm seeing an inverse H&S with a broken neckline.  Anyone have thoughts on the current wave count?  I think all the "not QE" announced last week effectively canceled the correction....at least it looks that way. 

Thanks Matt! I missed that discussion then. So can I say the breakout trades should have around 60 points stop when I take those.

that was also discussed before, was 5182, entry was around 5245

At the entry, before the move the stop was what, 50 points, 100 points?

that stop is about 0.7% above the entry price. I mention that for folks who may have bought ETF's instead, so can use as a guide

the stop is 5262, you can also look at where approximately that would be on SPY or SSO or whatever you bought

the stop is listed right in my post man

Question, what is the suggested stop for those breakout trades or other ES system trades? Thanks.

MSFT also up around $5 from post - now protect 

Internals aren't great. VOLD slipped negative on NYSE about 15 minutes after the open and has stayed negative. NQ positive but slipping even with rising market.

Bloomberg early this morning before the CPI print had a good panel (I love Bloomberg when they are being econ nerds)  and the one lady said the numbers coming through recently have had very clear signs of stagflation but the market essentially has it's fingers in its ears screaming la la la la la.  She said this BEFORE the devastating miss on retail sales which the market completely shrugged off...as is normal. My view that inflation is all that matters. if it stays hot, revenues stay hot and the market stays hot. As long as the Gov is feeding the majors with contracts we're all good (the Gov has almost zero price sensitivity).

Powell will say he sees no stag and no flation because he tows the party line, but hot PPI and retail sales miss is telling a different story. Stagflation doesn't have to last a long time. It's very rare for a reason. Hard to say we aren't in it for the time being. 

so far working out, stop is still around 5262 that is now ABOVE entry!

NVDA - Chart Link

Do you happen to have access to t he research piece on Dell?  I wanted to get involved but the fundamentals scared me away....some things weren't adding up and it doesn't look great. Still interested for some reason....probably because I was a network engineer with NMCI and then in acquisitions with the Fed Gov. Dell is very very well positioned at the Gov trough. 

BBIO - Chart Link - finally getting a better push - trim and trail

Steveo, just noticed you got one to work. Nice. haha.  Are you using something specific to images like midjourney? I'm lazy and also just don't think they will last long before getting rolled into a single multi modal AI....but it looks like they're putting the brakes on that in a few different areas (I can't do images in Chap GPT anymore) and the censorship is pretty heavy also. 

Positive research piece out....CPI aiding too obviously

MU - Chart Link

AMAT daily