3309 Drysdale Ct
Edwardsville, IL 62025
Here's a 22 min video recording I did showing that methodology
in a more detailed manner via a video format
CLICK HERE to watch the video
Nice video matt
This is fantastic. Great concept in here. Thank you Matt!
Love this method, works well for my schedule. Thank you,
so glad I am a part of this community.
Thank you for the Educational Video! Timeframe on the
Hi Matt, Great video. I look forward to using this
to manage IRA and longer term SPY investing! Thanks Paul
thanks for this. when talking about putting trailing stops
on based on the higher lows via the fast ma deluxe, it seemed like
you were referencing placing them intraday, is that accurate or do
you prefer stops based on the close?
The stops would be at the lows of the candles where the fast or
non whipsaw confirming BPT MA was red. The stops would only
be confirmed once the higher low was established and the BPT MA
back green to signal that.
the stops would be INTRA DAY not close
. Basically a GTC stop that is active until we
cancel it and replace it with the next higher stop or it's
triggered. Important because that stop protects you by
locking your gains in even if it's one of those crazy 90 point down
days like we saw last fall. For example that stop hit in on Oct
10th, would have triggered at 2860, if you had waited for the close
on Oct 10th, the SPX closed at 2785, so waiting for the close would
have sucked. Again stops are GTC and intra day.
thank you for clarifying
I notice for the last few months you guys no longer post the
COT's for gold. I read on another site the latest COT's released
Friday did not bode well for gold as commercials massively
increased their short positions. When you were posting the COT's on
the weekly gold charts it made it very easy to notice trends. Is
there some reason you no longer post the numbers?
VSLR - Chart Link
At the start of last week, the major indexes continued lower on
Monday making new short term pullback lows (following increased
tariff talk). After reaching oversold readings on Monday, the
market managed to stage a three day rally with prices peaking out
mid-day on Thursday before giving up some gains into the close on
Friday. Thus far, the bounce on the major indices has been a
normal corrective advance that has failed near at 50-618% Fib
retrace as we have outlined on the 60 minute charts. As you
know, we are currently mapping this advance as a wave B bounce
following the clean symmetry break on the previous decline.
Unless the SPX can hold and impulse higher, we expect price
to come back down and at least retest the 2800 area if not zig zag
lower. For the bulls, we would need to see price hold above
2853 early next week and rally up to new bounce highs. As
always, continue to trade what's in front of you and respect your
Enjoy the balance of your weekend,
$SPX - Chart Link - see comments on
chart. Bulls would need to hold above 2853 and rally to new
highs for an impulse to negate the current view.
$SSEC - Chart Link
$HSI - Chart Link
$NIKK - Chart Link
$AORD - Chart Link
$TSX - Chart Link
$aord has significant macd and rsi divergence has price makes
$aord up again today as existing gov should win the election
yesterday. More pro business
EZU - Chart Link
EWU - Chart Link
EWG - Chart Link
$CAC - Chart Link
TSLA - Chart Link
TSLA - Chart Link - weekly, man o man
Even though I like the cars, I doubt I would buy one. Are
they really going to be in business long enough to service it?
Serious concerns that this is a going concern. It
didn't help to take on Solar City and its debt.
Also, not to mention the constant change in pricing and sales
and marketing strategies.... and now a possible battery shortage
because of Model Y build.
i am getting giddy so those who are short might want to
cover. they need a new ceo....
'US, China trade talks have stalled: Sources' -CNBC
MAIN - Chart Link - still holding up great
despite going ex dividend, you will receive the div on June
XLU - Chart Link - I've been saying that
it would like try sometime to take out that resistance.
EOG - Chart Link
yep it just needed a couple more days, was a good pattern
ARWR - Chart Link - moved up to initial
target (resistance area)
Gartman is the ultimate contrarian indicator!
SPX 3300 here we come!! LOL
JO - needs some caffeine
Patience is wearing thin!
Starbucks keeps shorting it against you!
JO - is like Maxwell House "Good to the Last Drop"
How often does a cash signal on the BPT MA Deluxe turn to red vs
back to green?
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