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

Posted by matt on 15th of May 2019 at 07:16 pm

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

Posted by shecar on 16th of May 2019 at 11:32 am

thank you for clarifying

I notice for the last

Posted by victorh on 20th of May 2019 at 12:21 am

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 Daily View

Posted by steve on 19th of May 2019 at 07:40 pm

VSLR - Chart Link

Weekend Newsletter At the start of

Posted by steve on 19th of May 2019 at 01:19 pm

Weekend Newsletter

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 triggers.

Enjoy the balance of your weekend,

Steve

SPX 60 Updated Mapping View

Posted by steve on 18th of May 2019 at 11:58 am

$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.

Quick Glance at few Asian Indexes

Posted by steve on 18th of May 2019 at 11:18 am

$SSEC - Chart Link

$HSI - Chart Link

$NIKK - Chart Link

Quick Look at Australia and Canada

Posted by steve on 18th of May 2019 at 11:15 am

$AORD - Chart Link

$TSX - Chart Link

$aord has significant macd and

Posted by elliotw on 18th of May 2019 at 06:36 pm

$aord has significant macd and rsi divergence has price makes new highs.

Correct

Posted by steve on 19th of May 2019 at 11:43 am

Correct

$aord up again today as

Posted by elliotw on 19th of May 2019 at 11:49 pm

$aord up again today as existing gov should win the election yesterday. More pro business

Some European Index Charts

Posted by steve on 18th of May 2019 at 11:13 am

TSLA

Posted by matt on 17th of May 2019 at 03:36 pm

TSLA - Chart Link

TSLA - Chart Link - weekly, man o man

https://www.thestreet.com/investing/stocks/musk-to-tesla-employees-it-is-hardcore-belt-tightening-time-14963523?puc=yahoo&cm_ven=YAHOO&yptr=yahoo Even though I like the

Posted by pmahoney on 17th of May 2019 at 04:27 pm

https://www.thestreet.com/investing/stocks/musk-to-tesla-employees-it-is-hardcore-belt-tightening-time-14963523?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

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.