SPY Point of Control

Posted by DigiNomad on 19th of Apr 2024 at 09:45 pm

SPY Point of Control

KISS systems updated

Posted by matt on 19th of Apr 2024 at 05:41 pm

the rest of the open FANG stocks closed out, nice profits though

Also MARA went long, and this is a good example of the system going long just a couple bars off the lows, you also had a Demark 13

https://breakpointtrades.com/sts_table/?search=BPT_basket 

https://breakpointtrades.com/ts/view_chart.php?s=MARA&g=BPT_basket 

ALJ went long similar scenario 

https://breakpointtrades.com/ts/view_chart.php?s=AJG&g=SP_500 

I was surprised to see

Posted by mastermind on 19th of Apr 2024 at 06:41 pm

I was surprised to see RETL go long. It has me wondering what's driving that. 

Top 8 holdings - GPS, DKS, GES, JWN, FL, AAP, DDS, AEO. But those only comprise 7.5%. It's a pretty broad ETF. 

For RETL looks like it

Posted by matt on 19th of Apr 2024 at 08:34 pm

For RETL looks like it was a washout oversold reversal trigger

Looks good. 2.5 Risk Reward

Posted by DigiNomad on 19th of Apr 2024 at 10:03 pm

Looks good. 2.5 Risk Reward to what looks like a conservative target. 

Volume on RETL is scary

Posted by steveo on 19th of Apr 2024 at 11:22 pm

Volume on RETL is scary low.   Those are the ones that whipsaw me

Mahalo!  Printed to ponder on

Posted by steveo on 19th of Apr 2024 at 10:24 pm

Mahalo!  Printed to ponder on Monday

Some consumer staples names with

Posted by foody518 on 19th of Apr 2024 at 05:39 pm

Some consumer staples names with a decent green candle today, too. CPB KDP GIS KHC. And SO, BALY, not food, but nice green candle and I've had them on breakout watch

TNA 60 min

Posted by matt on 19th of Apr 2024 at 04:22 pm

TNA - Chart LinkTNA has a nice wedge setting up with MACD divergence on the 60 min time frame

NVDD thanks Matt! Closed it

Posted by breakout on 19th of Apr 2024 at 04:04 pm

NVDD thanks Matt! Closed it at the close for nice run! And thanks to everyone for sharing your ideas and talents. Have a wonderful weekend!!

NYSE TICK levels on SPX

Posted by matt on 19th of Apr 2024 at 03:51 pm

man I just looked, the next TICK pivot below isn't until 4922, from Jan 29th, price is in the middle of TICK level from 4984 - 4922

hopefully price rebounds next week and we don't have to go down to that next level below

VIX   may close inside BB

Posted by rbreese on 19th of Apr 2024 at 03:44 pm

VIX   may close inside BB today after spike to 21.50 area. 

yep so far it's back

Posted by matt on 19th of Apr 2024 at 03:52 pm

yep so far it's back in, big black candle, unless price dumps here the last 8 min it's likely to close inside

Some winners amongst the carnage

Posted by mastermind on 19th of Apr 2024 at 03:29 pm

Some winners amongst the carnage - AMC, CLSK, DJT, MARA, SILV, TALK, WAVE.

Amazing thing about the market

Posted by srusso1 on 19th of Apr 2024 at 03:37 pm

Amazing thing about the market you can always find something going up. I'm out of here got to get my kid.

TSLA

Posted by matt on 19th of Apr 2024 at 03:20 pm

TSLA - Chart Link- next big support is blow in the 110 - 120 area

back finally

Posted by matt on 19th of Apr 2024 at 03:19 pm

FNGD - Chart Link- nice move on these, that FNGD was just textbook base

NVDD - Chart Link-

Additional SPY entries?

Posted by elementsix on 19th of Apr 2024 at 03:02 pm

Additional SPY entries?

After a day like this,

Posted by mastermind on 19th of Apr 2024 at 03:08 pm

After a day like this, the systems should be signaling "all in!"

I'm looking forward to that.

Posted by kab34 on 19th of Apr 2024 at 03:14 pm

I'm looking forward to that. Got cash just begging to be put in!

yes gonna be additional entries

Posted by matt on 19th of Apr 2024 at 03:40 pm

yes gonna be additional entries - pucker trades/systems I call them, that's the problem with mean reversion systems, they have high winning percentages, but when they scale into a strong pullback/correction and take heat, it's emotionally difficult at times to follow them. 

as I've always said  - mean reversion systems are NOT feel good systems, they buy when it feels horrible, and when they are earlier it feels more horrible LOL, it is what it is.

the KISS is easier honestly because you have your stop and risk defined

systems additional entries, three ES sub systems taking 2nd or 3rd entries, only one SPY system taking an additional entry

MES futures  mean reversion systems
 CCI divergence 2nd entry,  Trend/Pullback 3rd entry, QE BTS 3rd entry

SPY mean reversion systems
Trend/Pullback 2nd entry

again if you need to limit risk or if you get emotional, you can limit the number of trades you do, you don't have to follow every sub system trade, you can set a maximum, if systems take trades on the same day you can always elect to treat that as one entry for example. For simplicity I just report what all the subs systems are doing and post their trades from entry to exit. 

As far as options-  yeah  you can't complain too much if an option gets cut in half, they are much more volatile than the ETF's, if a SPY entry is down 7%, an option might be down 50%. Also back when I put out option trades I went out 2 months, and they were almost at the money, those do not degrade as much as if you pick an option that is out of the money and is far from the strike price 

LOL I took an additional

Posted by steveo on 19th of Apr 2024 at 10:22 pm

LOL I took an additional 700 shares SPY long, and then realized I meant to get just 70 shares,    Was able to sell off desired quantity at minor profit, LOL 

Watch those fat fingers!

It was a market to

Posted by mastermind on 19th of Apr 2024 at 03:17 pm

It was a market to wait for 2nd and 3rd entries. 

Yes I took 1 SPY

Posted by srusso1 on 19th of Apr 2024 at 03:21 pm

Yes I took 1 SPY call yesterday 503 that got cut in half to day.

In my 3 or so

Posted by patellee on 19th of Apr 2024 at 03:37 pm

In my 3 or so years here.  The biggest winners are usually the ones that take 2nd and 3rd entries. As painful as the process may be to some, it's called STS for a reason. Stick to System.  Put on the trade and you'll be told when to exit.  Relax.

I did buy 1 SPY

Posted by srusso1 on 19th of Apr 2024 at 03:10 pm

I did buy 1 SPY 500 May call $7.35

Ugh :)

Posted by kab34 on 19th of Apr 2024 at 03:04 pm

Ugh :)

Short XLK Updated

Posted by steve on 19th of Apr 2024 at 02:48 pm

NQ running those lows

Posted by steve on 19th of Apr 2024 at 02:38 pm

NQ running those lows

NQ shoulda bounced on day

Posted by breakout on 19th of Apr 2024 at 02:48 pm

NQ shoulda bounced on day chart around 17213.   16985 looks like next stop.


Yes indeed 

Posted by steve on 19th of Apr 2024 at 02:45 pm

Yes indeed 

STS should take out AMZN,

Posted by douglas51 on 19th of Apr 2024 at 02:35 pm

STS should take out AMZN, META, MSFT and NVDA today.

NVDA and SMCI both got

Posted by steve on 19th of Apr 2024 at 02:21 pm

NVDA and SMCI both got a spanking today.  

SMCI previous 8 times they announced earnings date they actually pre-announced strong numbers - today they just announced the date. 

Short NNOX Updated

Posted by steve on 19th of Apr 2024 at 02:17 pm

NNOX - Chart Link - protect gains 

CLSK Updated

Posted by steve on 19th of Apr 2024 at 02:08 pm

SLV 60m  ... Looking for

Posted by mla127 on 19th of Apr 2024 at 01:49 pm

SLV 60m  ... Looking for some ZSL/HZD.to ... wonder if this will just poke out quickly and reverse ...  anyway, whatever I do ... do the opposite ... my track record sucks with PM and PM stocks in general   

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