per some recent comments about the GDX KISS system stopping out
as well as a few of the mining stocks, and my discussion
before - the KISS system in its default settings struggles with GDX
and a lot of the PM mining stocks - because that sector is just too
choppy and does not trend well over the long term on a daily chart.
The KISS was designed initially for the major indexes that go
through trending periods. For GDX, 1/2 of the years it's been
in existence are down years, which is opposite of the general
market where 80% or more of the years are up years. I would
generally avoid following KISS as an ONLY trigger for an entry and
exit on GDX and various gold stocks
again I have some custom settings for GDX that work extremely
well on a smaller time frame than the daily, such as a 1/2 day or
78 min 5 bar daily chart, that I shared last week - I may
eventually be able to eventually add some of these custom KISS
systems on a small basket of ETF's, but that's not ready
yet
also on the KISS systems for other things that work well - the
systems are only about 60% profitable and sometimes less. They stop
out a lot. They make their money on catching a big move and can
then afford to go through a whipsaw small losers and still be
profitable. Also, and not always, many times after the system
catches a really big winner, like QQQ daily did from Mar - Aug, or
NVDA, META etc, more often than not the next trade ends up being a
whipsaw. Again it's not always the case but it happens a lot. If
you see that a stock or ETF has closed out of a big winning trade
and now it enters again, realize that trade may not work out as
well.
it tagged it intra day then price closed back above it;
4250 is the number, currently it's at 4276. Again, I've
had discussions on this before: one can just stick to the STS stop,
one could wait for closing confirmation instead like SPX closing
below 4250 on a weekly basis, and yet another option is to adhere
to the stop and just re-enter if price closes back above it.
I guess a 4th option would be to use the STS as a guide along
with your technical analysis to make a determination. STS was not
tagged on QQQ and DIA
I fixed that audio bug, really strange how that happened?) -
however in that case I hope you didn't just give up and instead
switched over to watch the video as it was correct audio
JPOW later today
Posted by steve on 28th of Sep 2023 at 10:37 am
JPOW later today
Most likely Chop Chop till
Posted by srusso1 on 28th of Sep 2023 at 10:39 am
Most likely Chop Chop till then unless someone knows something early? on JP talk
right at the 4 pm
Posted by matt on 28th of Sep 2023 at 10:38 am
right at the 4 pm EST close right?
I've been telling everyone stick around, vs leaving right after the close and going to the gym, golf, etc
TBT sticky
Posted by steve on 28th of Sep 2023 at 10:33 am
TBT sticky
guys regarding the daily KISS systems
Posted by matt on 28th of Sep 2023 at 10:27 am
per some recent comments about the GDX KISS system stopping out as well as a few of the mining stocks, and my discussion before - the KISS system in its default settings struggles with GDX and a lot of the PM mining stocks - because that sector is just too choppy and does not trend well over the long term on a daily chart. The KISS was designed initially for the major indexes that go through trending periods. For GDX, 1/2 of the years it's been in existence are down years, which is opposite of the general market where 80% or more of the years are up years. I would generally avoid following KISS as an ONLY trigger for an entry and exit on GDX and various gold stocks
again I have some custom settings for GDX that work extremely well on a smaller time frame than the daily, such as a 1/2 day or 78 min 5 bar daily chart, that I shared last week - I may eventually be able to eventually add some of these custom KISS systems on a small basket of ETF's, but that's not ready yet
also on the KISS systems for other things that work well - the systems are only about 60% profitable and sometimes less. They stop out a lot. They make their money on catching a big move and can then afford to go through a whipsaw small losers and still be profitable. Also, and not always, many times after the system catches a really big winner, like QQQ daily did from Mar - Aug, or NVDA, META etc, more often than not the next trade ends up being a whipsaw. Again it's not always the case but it happens a lot. If you see that a stock or ETF has closed out of a big winning trade and now it enters again, realize that trade may not work out as well.
XPO Daily
Posted by EdZ on 28th of Sep 2023 at 10:23 am
XPO Daily
Did the weekly Kiss on
Posted by jonesy85 on 28th of Sep 2023 at 10:18 am
Did the weekly Kiss on spx get hit yesterday?
it tagged it intra day
Posted by matt on 28th of Sep 2023 at 10:29 am
it tagged it intra day then price closed back above it; 4250 is the number, currently it's at 4276. Again, I've had discussions on this before: one can just stick to the STS stop, one could wait for closing confirmation instead like SPX closing below 4250 on a weekly basis, and yet another option is to adhere to the stop and just re-enter if price closes back above it. I guess a 4th option would be to use the STS as a guide along with your technical analysis to make a determination. STS was not tagged on QQQ and DIA
JBLU - someone threw the dead cat down hard enough to bounce
Posted by matt on 28th of Sep 2023 at 10:13 am
JBLU - Chart Link
JBLU - Chart Link
AAPL comments
Posted by matt on 28th of Sep 2023 at 10:08 am
AAPL - Chart Link- the short has been great, but be aware the 200 MA is close buy now, should be an area to attack some buyers.
at the moment a potential doji forming
Sold some calls from yesterday
Posted by steve on 28th of Sep 2023 at 10:02 am
Sold some calls from yesterday and stops on remaining
CYPTO stocks may be bottoming
Posted by dragonfly28 on 28th of Sep 2023 at 10:01 am
CYPTO stocks may be bottoming here - RIOT HIVE WULF SDIG CLSK MARA all up a tad this morning
COIN
Posted by steveo on 28th of Sep 2023 at 10:14 am
COIN
so far a bounce after
Posted by matt on 28th of Sep 2023 at 10:18 am
so far a bounce after the open the drop again - COIN got near its 9 EMA - logical short term resistance on all this stuff
UNG 130m ... Inventory soon
Posted by mla127 on 28th of Sep 2023 at 10:01 am
UNG 130m ... Inventory soon ... could be the catalyst to move out of the pattern ... up or down
nice chart
Posted by matt on 28th of Sep 2023 at 10:09 am
nice chart
DBI
Posted by mla127 on 28th of Sep 2023 at 09:56 am
DBI
ATSG
Posted by mla127 on 28th of Sep 2023 at 09:51 am
ATSG
ARM 60m
Posted by mla127 on 28th of Sep 2023 at 09:48 am
ARM 60m
ARM 60m ... nice back
Posted by mla127 on 28th of Sep 2023 at 03:50 pm
ARM 60m ... nice back test and pop ...
AAPL quick drop - trail
Posted by steve on 28th of Sep 2023 at 09:39 am
AAPL quick drop - trail
SPX support 4265/62 then 4252/48
Posted by steve on 28th of Sep 2023 at 09:38 am
SPX support 4265/62 then 4252/48 then back to test lows upside 4288 4300 then 4308/12 4322/35
SPX came down to test
Posted by steve on 28th of Sep 2023 at 11:47 am
SPX came down to test the initial support zone posted which held - was choppy for awhile until the took the 4330 pivot on ES
$CPC - yesterday's chart finally
Posted by timebandit on 28th of Sep 2023 at 09:37 am
$CPC - yesterday's chart finally updated sometime after I went to sleep last night. $CPCE more tame
Short CVNA Update
Posted by steve on 28th of Sep 2023 at 09:32 am
CVNA - Chart Link
Possible IHS on NQ 1hr
Posted by johnny2012 on 28th of Sep 2023 at 09:11 am
Possible IHS on NQ 1hr chart. From the head measures up to around 15000. If it plays out.
Update: nearing the neckline area.
Posted by johnny2012 on 28th of Sep 2023 at 10:03 am
Update: nearing the neckline area. See how it reacts at 14800. Looks like a nice right shoulder bounce so far.
Nq trying to work through
Posted by johnny2012 on 28th of Sep 2023 at 10:52 am
Nq trying to work through that supply zone 14750/14800 area
Update: Almost 200 points off
Posted by johnny2012 on 28th of Sep 2023 at 11:39 am
Update: Almost 200 points off the right shoulder low so far. Nice move. Nice break through the 15800 neck line thus far.
Update: Great pop and now
Posted by johnny2012 on 28th of Sep 2023 at 03:10 pm
Update: Great pop and now back tested the neckline break. Good spot to take another long or great spot to watch if it breaks back below and go short.
Nicely spotted and aligned with
Posted by steve on 28th of Sep 2023 at 11:45 am
Nicely spotted and aligned with the late impulse yesterday and higher low expected pullback - now let's see how far this can extend
Last night's newsletter playing Monday
Posted by RichieD on 28th of Sep 2023 at 09:03 am
Last night's newsletter playing Monday night's commentary!
I fixed that audio bug,
Posted by matt on 28th of Sep 2023 at 09:13 am
I fixed that audio bug, really strange how that happened?) - however in that case I hope you didn't just give up and instead switched over to watch the video as it was correct audio
I had that problem the
Posted by sbwoman on 28th of Sep 2023 at 09:25 am
I had that problem the other day on another newsletter and did the video, but the you don’t get to click the charts which was a bummer:(
Initial Jobless Claims 204K vs
Posted by steve on 28th of Sep 2023 at 08:35 am
Initial Jobless Claims 204K vs 215K Est.