3309 Drysdale Ct
Edwardsville, IL 62025
Once again, the above video link provides an overview
referencing current stock market conditions relative to similar
past readings. This would be most relevant for position
investors (such as retirement accounts) to monitor on a weekly
This is NOT a
forecast just data points at this time. Continue to keep an
open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
Steve, how does one access the "Ciovacco Historical
Perspective Charts?" I would imagine you need to be a
He puts out a weekly video via Twitter on Friday Night
Hi Matt/steve, is today highly likely to be a trend day?
FYI at this moment the CCI Oversold Divergence sub system may
take a 1st entry long today. It's a tough system to trigger,
here's the stats
Hi Matt, with this trade , would it be multiple entries long or
just a short 2 day trade kind of move pls? i do see a bounce
back up to s 3325 o r do you expect more upside ? What is
your downside target for SPX for next week pls
The CCI tends to be a quick trade stat wise. I can have a couple
entries obviously. The Bear Long is variable it can have
short quick trades and it can stay in long trades for 1 or 2 months
if conditions all match for a hold.
we'll have two open sub systems, they are their own systems
their entries not related to the other. I suggest you look over the
stats for both not just that summary stat table but the images of
these two trade types are high probability but they also tend to
occur in these very volatile high VIX situations like we have now,
thus the draw downs at times can still be 5 or 7% just because of
the conditions in the market when these systems trigger the VIX
tends to be high, and big moves are common with 50 and 100 point
SPX days common.
Maybe but also huge comparative growth. I'm staying
long cloud, cybersecurity, ecommerce, fintech for the forseeable
U daily nice pop!
pop and drop!
hit and run with IPO`s. I sold on the pop...just like SNOW
COGT - Chart Link - nice percentage gainer
(watchlist idea on 10/13)
Steve - any thoughts on U - Unity software . Chart has a similar
set up to SNOW last week and also a bit ascending triangle
U - already popped out to new highs (nice trade). Relatively new
issue so simply trade what's in front of you
Thank you... I know should have mentioned earlier. I entered
China is hot! MCHI and KWEB
NVDA off of support
$VIX - Chart Link - still above its daily
$VIX - Chart Link - 60 minute broke out of
pattern shown last week
$VIX - Chart Link - monitor for short term
(still holding up)
COGT - Chart Link
TSLA Bollinger pinching
TSLA - Have this as a coil for about 36 days now. I like
TSLA for a low risk entry here with a stop below Friday's lows /
lower trendline. Stopped earlier today at the 9/20MA but if we can
get past that my next target is resistance at the top
of the coil around $460-$465.
I like RSI turning up here, as well as MACD recycling back
toward zero with potential to turn back up. I also use 10STO as a
buy signal crossing back above 20. Need Volume to come back in
BA - Chart Link - here you go Denise (well
executed on that trade short we discussed)
BA filled open gap at $156.31
SHOP making a push off support.
JO - Chart Link - tagged its 20 day MA
$SPX - Chart Link - displays symmetry of
an abc bounce
$SPX - Chart Link- choppy advance thus
$SPX - Chart Link
SPX finding resistance near its Primary Piot on first
ES Globex Range 3390-3410 (Inside Day)
AMD To Acquire Xilinx In All Stock Transaction With Combined
Enterprise Value Of Approximately $135B
Inside Day on Natgas thus far
On 60 minute chart currently have a double top near $3.29 - now
watching to see if this flags out (forms a handle) or rolls
Natgas has crept up to new highs
Bloom Energy (BE) bouncing off long term resistance/support
No coverage of Natural Gas? It has trended more dramatically
than crude oil.
The nat gas ETFs have not moved and I doubt any of you are
trading nat gas futures
I do. And I miss the analysis.
I think some of these moves are contract roll overs and other
things in the futures that would not translate into the ETF's
for example last week UNG fell -1.5% but the Natgas on
Stockcharts shows that it went up 15.2%. could be contract roll
over since Stockcharts uses a mix of various futures and months.
Also could be some contago stuff. The point is, unless you are
trading natgas futures the moves are not translating to the ETF's,
nothing actionable there. WE have so many charts already when I
don't see an actionable setup I like to remove it
I am long March 21 futures, and have been for weeks on a cross
of the moving averages
good job, I'm leaving have a good day guys and hopefully no 100
point swing today in the SPX while I'm gone
$cpc, highest level since May 2020
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