Tuesday Newsletter

Posted by steve on 23rd of Jul 2019 at 06:36 pm

Market selling down on Anti-trust

Posted by steve on 23rd of Jul 2019 at 04:44 pm

Market selling down on Anti-trust probe of Big Tech

Dept. Of Justice To Open

Posted by steve on 23rd of Jul 2019 at 04:45 pm

Dept. Of Justice To Open A New Antitrust Probe Of Big Tech Cos., Will Focus On Whether Dominant Online Platforms Illegally Harm Competition -Dow Jones

guess the SPY system exited

Posted by matt on 23rd of Jul 2019 at 05:08 pm

guess the SPY system exited well then

so that new sub system

Posted by matt on 23rd of Jul 2019 at 05:22 pm

so that new sub system will on average add, so typically about 4 trades a year on average.  So not a ton, but helps. So that's 20 sub systems now, every bit helps

Longs:
QE BTS, QE big time swing 3, QE big time swing 3.2. QE Momo, RSI oversold, Strap Long, Bear Exhaust, Bullish Exhaust 1 and 2, Bear Long, Breakout Long, CCI Long, Trend Long

Shorts:|
QE Big Time Swing 3, Stoch Reversal, Stoch short 1, and 2, Hi/Mid/Lo Short, DVDS Short, Ehaust 1 and 2 shorts


Paid for my membership at

Posted by chapgolf on 23rd of Jul 2019 at 05:20 pm

Paid for my membership at BPT, again.  Thanks.

API Data Shows Crude Oil

Posted by steve on 23rd of Jul 2019 at 04:43 pm

API Data Shows Crude Oil Inventories Draw 10.961M Barrels, Distillates Inventories Build 1.42M Barrels, Gasoline Inventories Build 4.436M Barrels, Cushing Inventories Draw 448K Barrels

DFS reports tonight

Posted by steve on 23rd of Jul 2019 at 03:44 pm

DFS reports tonight

yeah I booked em Danno

Posted by matt on 23rd of Jul 2019 at 03:51 pm

yeah I booked em Danno

SAH follow up

Posted by matt on 23rd of Jul 2019 at 03:36 pm

SAH - Chart Link - didn't show this last night but was on watchlist all week last week so was still valid setup

PAVC follow up

Posted by matt on 23rd of Jul 2019 at 03:33 pm

PVAC - Chart Link - nice bottoming setup from last night's newsletter triggered today

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 03:32 pm

As you know yesterday we entered a new SPY System trade late morning via a new sub system I discussed in the weekend newsletter, and I also discussed yesterday in a follow up detailed email.

Anyway I know this is fast, but the system is closing out the trade at today's close.  This sub system has one of the shorter hold times, about 6 days on average, this one is only a day however realize that technically it would have entered on Friday, however I just coded the system conditions on the weekend and is why we entered it on Monday instead during the day. 

Also even though the SPY system is closing out today.   Another optionfor those who may want to continue holding the trade instead of closing it out  if you think the market will push higher (which I could see happening) a strategy for you to do is simply place a stop on SPY at a higher low such as $296.96 or place it at your entry price yesterday for break even.

yet another option would be

Posted by matt on 23rd of Jul 2019 at 03:42 pm

yet another option would be to close out the option trade since it's up 2.5 times the ETF. and keep the SPY  shares with a stop simply at entry price yesterday breakeven since the ETF isn't up that much. again depends on the size you did, I show 10K for simplicity, if you put 50K in it or 100K then you would have substantially more

honestly I should have just

Posted by matt on 23rd of Jul 2019 at 04:14 pm

honestly I should have just done that for the website, close out the option, but keep the ETF with a stop at break even since I think we push higher. oh well, at least we booked another one, that's 7 trades on ETF's and options or 14 total since May 8th.

Just stick to the rules

Posted by sonofrebel on 23rd of Jul 2019 at 04:16 pm

Just stick to the rules you have worked so hard on - and leave it to us to break them!

aha ha ha, good point   

Posted by matt on 23rd of Jul 2019 at 04:25 pm

aha ha ha, good point   

I took the SPY August

Posted by steverobin on 23rd of Jul 2019 at 02:21 pm

I took the SPY August 285 calls for $14.41 yesterday based on the mid day email.  I just exited recently selling at $15.81 for a $140 profit or 9.7% in a day.  I will take it!

for the SPY system even

Posted by matt on 23rd of Jul 2019 at 03:29 pm

for the SPY system even though it's closing out today.  Another option for those who may want to continue holding the trade instead of closing it out  if you think the market will push higher (which I could see happening) a strategy for you to do is simply place a stop on SPY at a higher low such as $296.96 or place it at your entry price yesterday for break even.

funny I get so many

Posted by matt on 23rd of Jul 2019 at 02:28 pm

funny I get so many emails like this, guys writing it saying you have too many charts, can I subscribe only to the SPY system?  I say sure, that will be 300 for 6 months

here's an email from today in bpt support email....

"I would like to subscribe to the SPY System  only. Is that option available? Thanks"

They write back and say that's the same price as the 6 month membership, and I say yep.  It's like come on guys, the website membership is cheap enough already, 

Great reply. That is funny.

Posted by joepiper on 23rd of Jul 2019 at 02:45 pm

Great reply. That is funny.

Thats great.... this is where

Posted by arun on 23rd of Jul 2019 at 02:24 pm

Thats great.... this is where easy money thx to the BPT system

So many conflicting signals in

Posted by arun on 23rd of Jul 2019 at 02:18 pm

So many conflicting signals in various sectors....cant find a decent trade

DE Chart Link  -  C&H Pattern

Posted by EdZ on 23rd of Jul 2019 at 02:05 pm

DE Chart Link  -  C&H Pattern

Has NFLX broken the trend

Posted by deep on 23rd of Jul 2019 at 02:00 pm

Has NFLX broken the trend line ?

don't trigger off weekly charts

Posted by matt on 23rd of Jul 2019 at 02:20 pm

don't trigger off weekly charts unless you have a big stomach, best to use smaller time frames

I guess it's better that

Posted by deep on 23rd of Jul 2019 at 05:51 pm

I guess it's better that i shorted IRBT i/o NFLX then... didn't know they were reporting earnings.  DOH..got lucky.

Very nice deep

Posted by steve on 23rd of Jul 2019 at 06:37 pm

Very nice deep

NFLX double topped and gave

Posted by steve on 23rd of Jul 2019 at 02:11 pm

NFLX double topped and gave an exit signal awhile ago - smashed after earnings but one would have been out prior anyway

this short trade is not

Posted by arun on 23rd of Jul 2019 at 02:11 pm

this short trade is not worth the risk ; I think easy money is made....now deeply oversold

U.S. Negotiating Team Plans To

Posted by steve on 23rd of Jul 2019 at 01:56 pm

U.S. Negotiating Team Plans To Be In China From Monday Through Wednesday - Bloomberg

BPT MA Deluxe on daily SPX and swing stops

Posted by matt on 23rd of Jul 2019 at 01:38 pm

I discussed last night but just in case it wasn't clear - the fast response BPT MA deluxe is green, as you know I use those for swing stops.  If the BPT MA fast response turns back green again, we get to set a 3rd higher low stop way up at 2960.  That doesn't have anything to do with the SPY system yet but it's something I'm exploring for a general overall trend system for the website, or combining trend with SPY system.  Anyway you can see the methodical nature

Excellent! Thanks, Matt

Posted by stevieb294 on 23rd of Jul 2019 at 01:54 pm

Excellent! Thanks, Matt

for me just for my

Posted by matt on 23rd of Jul 2019 at 01:42 pm

for me just for my time frame I like swinging SSO long off a 120 min chart, here's a 2hr chart of SPX and SSO. you can see I've been able to move stop up now 5 times, the last one was almost taken out but missed by a hair, new stop is 128.98 on SSO, or 2975 on SPX cash

QD Daily View

Posted by steve on 23rd of Jul 2019 at 01:36 pm

MAT Updated View

Posted by steve on 23rd of Jul 2019 at 01:21 pm

XLB Updated View

Posted by steve on 23rd of Jul 2019 at 01:17 pm

XLU Daily View

Posted by steve on 23rd of Jul 2019 at 01:13 pm

XLU - Chart Link - stalled near previous highs and pulling back towards 50 day MA below

UUP Views

Posted by steve on 23rd of Jul 2019 at 01:09 pm

UUP - Chart Link

UUP - Chart Link

UUP - Chart Link

US Dollar back near previous highs 

IRBT Updated View

Posted by steve on 23rd of Jul 2019 at 12:05 pm

IRBT - Chart Link - slight downside break thus far - company reports tonight 

Tom McClellan

Posted by steve on 23rd of Jul 2019 at 11:41 am

Similar to other comparison charts we have shown recently - lately it's been a choppy market so continue to respect your triggers and take profits relentlessly

we have a lot of

Posted by matt on 23rd of Jul 2019 at 11:48 am

we have a lot of comparison charts like that: SPX vs SPXE, SPX vs XVG, QQQ vs QQQE, Large vs small caps etc

anyway I made my own chart to add to the list

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=6&dy=0&id=p46680207800&a=677932486&listNum=27

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