Thursday April 25th, 2024 Newsletter and Video

Posted by matt on 25th of Apr 2024 at 08:18 pm

Here's my latest detailed newsletter/video with my thoughts on the markets, precious metals, crypto, and our trading systems

Youtube Video  Thursday  April 25th, 2024   - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Thursday April 25th  standard Webpage Format  - contains all the dynamic chart links

SPX 60 min with Fibs

Posted by matt on 25th of Apr 2024 at 08:02 pm

ES futures

Posted by matt on 25th of Apr 2024 at 06:39 pm

ES futures went back to Tuesday's/Wednesday's highs

KISS STS systems updated

Posted by matt on 25th of Apr 2024 at 04:24 pm

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

interesting, AMD went long today, honestly not a bad entry - just 1 bar off the lows

When does the entry price

Posted by retiredguy on 25th of Apr 2024 at 05:00 pm

When does the entry price show up in the tables?.  Also, is there a webinar explaining what Demarks are?  

the tables use the entry

Posted by matt on 25th of Apr 2024 at 05:33 pm

the tables use the entry price for the next day open - again it's all in the FAQ that has been in the KISS system for a while so please take the time to read that. Stats are generally better to enter that same day though, but because the standard daily are communicated after hrs all the trade % numbers are using the next day's open price for the entry. This will not be the case for high performance, they will use exact entry prices from that same day.

as far as Demark - I've posted this 58 page PDF a dozen times, here you go, nerd out this evening reading that or the weekend

https://breakpointtrades.com/blog/post/390738/   

here's that AMD KISS chart

Posted by matt on 25th of Apr 2024 at 04:36 pm

here's that AMD KISS chart from the KISS tables that went long, that was likely triggered from the washout oversold reversal on the KISS system, also had a Demark 9

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

From SPX down 1.6% today

Posted by icecoldjones on 25th of Apr 2024 at 04:09 pm

From SPX down 1.6% today to AH being up almost 1% is WILD!

It never made sense to

Posted by DigiNomad on 25th of Apr 2024 at 04:29 pm

It never made sense to be down on hot inflation numbers and weak but not too weak GDP data. It's basically mega cap market nirvana - not to mention Meta also had great earnings.  Are we in stagflation? Yeah, probably, but everyone is stuck buying the products and services of the mega caps. They have pricing power and will crush quarter after quarter (I don't count TSLA in the group anymore, even though I'm long). 

yep! but guys, that's what's so

Posted by matt on 25th of Apr 2024 at 04:19 pm

yep!

but guys, that's what's so cool about Technical Analysis. The fact that you could count 5 waves off off Friday's lows, strongly suggested that move was at least a wave A up, and to expect a deep wave B pullback, but that pullback should form a higher low - the move up again in wave C. The key was being able to count 5 waves up - if it was only 3 waves up off the lows, that would have been bearish and suggested another low right now

again all this stuff is fractal: To me I could see this move up being a wave C that takes out the high from earlier this week but still overall makes a lower high because of the daily symmetry break  - so this wave C might complete that lower high wave B on the daily maybe around the 50 day MA

anyway besides systems trades, and trade ideas etc, we also excel at education here

I understand your technicals and

Posted by icecoldjones on 25th of Apr 2024 at 04:25 pm

I understand your technicals and trust you guys, I just wish I had your emotional bandwidth because my emotions run HARD and I feel like now we're just going to skyrocket to new ATHs. My personal issues are why I've never been a successful trader.

I wouldn't beat yourself up.

Posted by DigiNomad on 25th of Apr 2024 at 04:38 pm

I wouldn't beat yourself up. Today's action was perfectly designed to trap as many traders as possible, as spectacularly as possible. An AI couldn't have designed a better day for traps if it trained on all of history's market data and all the books on trader psychology ever published.

The one thing I have noticed is that they are taking advantage of the instinct for most people to think hot inflation and higher rates = lower markets. That's not the case but it's a widely held belief so those people have emotional reactions on hot print days and hit the sell button which the smart money takes advantage of knowing that inflation inflates.

This was crazy. Absolutely perfect design. 

Emotion is what makes trading

Posted by matt on 25th of Apr 2024 at 04:31 pm

Emotion is what makes trading difficult for most people.  Technical Analysis is all about analyzing the collective mass emotion/psychology that causes patterns to form on the charts. Unfortunately we as humans also fall prey to our own emotion. And again everyone is different, some people are MUCH better at dealing with it, while others are not.  It takes time, and having a systematic approach where you have a rules that you are following helps - because the emotions are most difficult when you don't have rules or a decision that is pre set.

I'm sure Spock from Star Trek would be a great trader since Vulcans suppress their emotions LOL  

or....maybe one of Elon Musks Optimum robots LOL

there's a book called 'The Trading Athlete ' it makes a strong case with a bunch of examples of why former professional sports players have made great traders - why? Because they had to learn to control their emotions in stressful situations in games and in the public, and that directly translates to trading

https://www.amazon.com/Trading-Athlete-Winning-Mental-Online/dp/0471418706 

Thanks for the feedback and

Posted by icecoldjones on 25th of Apr 2024 at 04:38 pm

Thanks for the feedback and book reco, Matt!

what is 2024 ....  FOMO

Posted by mla127 on 25th of Apr 2024 at 04:15 pm

what is 2024 ....  FOMO 100 ... #BTFD

MSFT - Long!

Posted by elementsix on 25th of Apr 2024 at 04:09 pm

MSFT - Long!

GOOGL also up nicely on earnings

Posted by matt on 25th of Apr 2024 at 04:05 pm

both MSFT and GOOGL double whammy both juicing the futures

Steve that version of the

Posted by DK on 25th of Apr 2024 at 03:56 pm

Steve that version of the Microsoft bullish chart that you posted below makes me want to take a small shot long going into earnings

BOOM - calling it a

Posted by steve on 25th of Apr 2024 at 04:08 pm

BOOM - calling it a day.   Off to the gym

did you end up going

Posted by matt on 25th of Apr 2024 at 04:02 pm

did you end up going long?  one of my KISS systems are long  MSFT so I decided to simply keep it despite earnings  - nice move after hrs if you decided to take the gamble

By Request

Posted by steve on 25th of Apr 2024 at 03:48 pm

CLSK - Chart Link

MARA - Chart Link

Here you go Angeli

please remember guys, when we

Posted by matt on 25th of Apr 2024 at 03:52 pm

please remember guys, when we post charts those posts contain the links - pretty much any Stockchart chart we post contains the links directly in that post, and in the newsletters

and when those charts are in the newsletters the links are also provided for each chart

Are we green yet or

Posted by elementsix on 25th of Apr 2024 at 03:32 pm

Are we green yet or what?

SPY QQQ 30 min w

Posted by te22 on 25th of Apr 2024 at 03:19 pm

SPY QQQ 30 min w fibs and downtrend lines

Matt - Thoughts on MARA

Posted by anjali25 on 25th of Apr 2024 at 03:05 pm

Matt - Thoughts on MARA and CLSK - looking for pullback or up move to continue ?

Both bounced off their 9

Posted by steve on 25th of Apr 2024 at 03:17 pm

Both bounced off their 9 and or 9/20 MAs (lower risk entry and nice bounce)

Thank you Steve !! Can you

Posted by anjali25 on 25th of Apr 2024 at 03:41 pm

Thank you Steve !!

Can you please share links for the charts 

Anjali25, are you a seal,

Posted by te22 on 25th of Apr 2024 at 03:44 pm

Anjali25, are you a seal, or a fisherman?

I see MARA bouncing off

Posted by anjali25 on 25th of Apr 2024 at 03:43 pm

I see MARA bouncing off 20 - but also a trendline from Mar 11 which may be resistance 

yes MARA bounced off the

Posted by matt on 25th of Apr 2024 at 03:56 pm

yes MARA bounced off the 20 MA, there's an open gap up around 21 and the 50 day MA.   The 60 min chart looks fine

again generally the cryto follows the market, so if the market continues to push higher, then crypto and crypto stocks likely will as well

Thanks for the info on

Posted by steverobin on 25th of Apr 2024 at 07:23 pm

Thanks for the info on MARA. I picked up some in the extended hours trading today. 

SPY and QQQ Updated Views

Posted by steve on 25th of Apr 2024 at 02:17 pm

QQQ - Chart Link

SPY - Chart Link

SPY - Chart Link

Hi Steve, Presumably the demand

Posted by te22 on 25th of Apr 2024 at 02:54 pm

Hi Steve, Presumably the demand zones you depicted remain valid and independent of, and into, tomorrow's PCE report. Or, perhaps since they were already "hit" this morning, not as good for sloppy seconds?  Your confirmation would be appreciated. 

They remain valid until lows

Posted by steve on 25th of Apr 2024 at 03:00 pm

They remain valid until lows are lost - but 'Fresh Demand' is preferred 

 they remain valid going forward

Posted by matt on 25th of Apr 2024 at 02:58 pm

 they remain valid going forward

VIX smash and Market bounce 

Posted by steve on 25th of Apr 2024 at 02:19 pm

VIX smash and Market bounce 

Plaza Accord 2.0? There were

Posted by DigiNomad on 25th of Apr 2024 at 02:13 pm

Plaza Accord 2.0? There were some meetings recently with Asian finance ministers in DC and the rumor is they are discussing a potential new Plaza Accord.  As much as I would hate that kind of theft from the purchasing power of middle and lower class Americans to boost fat cat American companies and Asian countries, I figured nothing would come of it until probably December.  Looking at the dollar today relative to the 10 year yield, I'm wondering if maybe they decided to act sooner rather than later? But Yen still weak...hard to say. 

This pic briefly describes the conditions that lead to the 1st Plaza Accord. Look familiar? 

Some slight negative divergence on

Posted by steve on 25th of Apr 2024 at 02:01 pm

Some slight negative divergence on 60 minute ES/NQ readings currently 

Quick little pullback on those

Posted by steve on 25th of Apr 2024 at 02:32 pm

Quick little pullback on those divergences back into 60 minute MAs support (9/21 MAs)

Nice bounce from support 

Posted by steve on 25th of Apr 2024 at 03:03 pm

Nice bounce from support 

can't stop won't stop .... 

Posted by mla127 on 25th of Apr 2024 at 03:04 pm

can't stop won't stop ....    lol 

PSTG

Posted by steve on 25th of Apr 2024 at 01:49 pm

MSFT Bullish Count

Posted by steve on 25th of Apr 2024 at 01:39 pm

NEM momo

Posted by matt on 25th of Apr 2024 at 01:11 pm

NEM - Chart Link largest component of GDX, powerhouse today breakaway gap earnings

very nice weekly!

NEM - Chart Link

Very nice!        

Posted by EdZ on 25th of Apr 2024 at 01:30 pm

Very nice!  

      01:24 PM EDT, 04/25/2024 (MT Newswires) -- Newmont (NEM) rose almost 12%  on Thursday after reporting improved Q1 financial results that also exceeded analyst projections.      

      The miner also announced the sale of a stream credit facility and   off take agreement back to Lundin Gold, the owner of a gold and silver mine in Ecuador, for total consideration of $330 million.    

          Lundin will make the payment in two tranches, $180 million due at closing on June 28 and the remaining $150 million by the end of September, Newmont said. It has maintained its stake the mine through equity stake in Lundin.    

          Newmont earned $0.55 per share during the three months ended March 31, as adjusted, up from $0.40 per share during the year-ago quarter,  beating the consensus of $0.37 per share polled by Capital IQ. Revenue  jumped to $4.02 billion from $2.68 billion, also topping the $3.68 billion consensus.    

NEM is helping GDX a

Posted by matt on 25th of Apr 2024 at 01:12 pm

NEM is helping GDX a lot today since it's the largest component. But otherwise most of the stocks had that 3-wave pullback look

RGLD, WPM

Posted by matt on 25th of Apr 2024 at 01:09 pm

RGLD - Chart Link- nice pattern

WPM - Chart Link- the weekly has always looked good on this silver stock

WPM - Chart Link- daily

QQQ Daily

Posted by steve on 25th of Apr 2024 at 12:58 pm

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