Posted by icecoldjones on 15th of May 2024 at 12:28 pm
So much for that break in symmetry early April, the market
didn't care and went right back new ATHs! Are there rocketship and
moon emojis in this forum? LOL
Posted by DigiNomad on 15th of May 2024 at 12:41 pm
All hail to Janet and her printer. She's not going to
allow a correction, much less a recession. That was very clear in
the announcements about buybacks and a 20% surprise increase in
issuance over a level most thought would be hard to beat. She blew
the target out of the water like it was a bathtub rubber ducky
instead of the largest issuance target in US history. It's been
game on every day since...which makes perfect sense.
If you're middle class. Sorry. Maybe consider borrowing to
top off assets exposed to currency dilution asset inflation. By my
math, most people will need about 15x their annual income needs in
assets benefiting from inflation to stay ahead of it (e.g. if you
need 100k annually to live in today's dollars, then 1.5 million in
assets, if well exposed to asset classes that benefit from
inflation should keep you above water over the longer term. Below
that and most likely you will eventually be reliant on the Gov). If
the 15x assets to income is problematic, you need to be extra
vigilant about staying on target with the assets that are inflating
the most and switch when then inflation shifts. But if you're
working with a 400K portfolio and you have 100K is income needs and
are retiring anytime soon, it's going to be tough to get to a place
where you're not losing ground. It's just math.
Posted by DigiNomad on 15th of May 2024 at 01:16 pm
It's a premium feature - I believe it's $10 extra per month.
You could pretty easily setup something to scrape this
website on a schedule and create alerts, when appropriate....but it
would probably be more effort than $10/month is worth (although
developing the skill could be priceless)
Posted by DigiNomad on 15th of May 2024 at 11:03 am
BTC 2 hr - I'm seeing an inverse H&S with a broken neckline.
Anyone have thoughts on the current wave count? I think
all the "not QE" announced last week effectively canceled the
correction....at least it looks that way.
Posted by DigiNomad on 15th of May 2024 at 10:50 am
Internals aren't great. VOLD slipped negative on NYSE about 15
minutes after the open and has stayed negative. NQ positive but
slipping even with rising market.
Bloomberg early this morning before the CPI print had a good
panel (I love Bloomberg when they are being econ nerds) and
the one lady said the numbers coming through recently have had very
clear signs of stagflation but the market essentially has it's
fingers in its ears screaming la la la la la. She said this
BEFORE the devastating miss on retail sales which the market
completely shrugged off...as is normal. My view that inflation is
all that matters. if it stays hot, revenues stay hot and the market
stays hot. As long as the Gov is feeding the majors with contracts
we're all good (the Gov has almost zero price sensitivity).
Powell will say he sees no stag and no flation because he
tows the party line, but hot PPI and retail sales miss is telling a
different story. Stagflation doesn't have to last a long time. It's
very rare for a reason. Hard to say we aren't in it for the time
being.
nah it's going to vary - it's not a hard set number, I think the
initial stop is below a PSAR or ATR, which will vary in price
the breakout system is the one system that uses a stop initially
out of the mean reversion systems, the mean reversion systems do
not use a stop at first, until you get a mean reversion
bounce.
and I guess technically the breakout is not really a mean
reversion system, I just have it with that mix. The breakout system
has a ton of logic to it, one of the main things it uses for entry
is the ADX with +DMI and -DMI - it looks for +DMI and ADX
expansion
Posted by DigiNomad on 15th of May 2024 at 10:37 am
Do you happen to have access to t he research piece on Dell?
I wanted to get involved but the fundamentals scared me
away....some things weren't adding up and it doesn't look great.
Still interested for some reason....probably because I was a
network engineer with NMCI and then in acquisitions with the Fed
Gov. Dell is very very well positioned at the Gov trough.
So much for that break
Posted by icecoldjones on 15th of May 2024 at 12:28 pm
So much for that break in symmetry early April, the market didn't care and went right back new ATHs! Are there rocketship and moon emojis in this forum? LOL
All hail to Janet and
Posted by DigiNomad on 15th of May 2024 at 12:41 pm
All hail to Janet and her printer. She's not going to allow a correction, much less a recession. That was very clear in the announcements about buybacks and a 20% surprise increase in issuance over a level most thought would be hard to beat. She blew the target out of the water like it was a bathtub rubber ducky instead of the largest issuance target in US history. It's been game on every day since...which makes perfect sense.
If you're middle class. Sorry. Maybe consider borrowing to top off assets exposed to currency dilution asset inflation. By my math, most people will need about 15x their annual income needs in assets benefiting from inflation to stay ahead of it (e.g. if you need 100k annually to live in today's dollars, then 1.5 million in assets, if well exposed to asset classes that benefit from inflation should keep you above water over the longer term. Below that and most likely you will eventually be reliant on the Gov). If the 15x assets to income is problematic, you need to be extra vigilant about staying on target with the assets that are inflating the most and switch when then inflation shifts. But if you're working with a 400K portfolio and you have 100K is income needs and are retiring anytime soon, it's going to be tough to get to a place where you're not losing ground. It's just math.
Dell/SMCI: Their combined market cap
Posted by shellson2 on 15th of May 2024 at 12:27 pm
Dell/SMCI: Their combined market cap currently equals what Nvidia’s was in January of 2020.
$VIX ... wonder if we'll
Posted by mla127 on 15th of May 2024 at 11:57 am
$VIX ... wonder if we'll see single digit VIX again ... it's been pretty low for the past year on avg
GDX
Posted by matt on 15th of May 2024 at 11:36 am
GDX - Chart Link- that pullback on the 60 min from the highs had a cup and handle look to it prior to today's breakout
GDX - Chart Link- daily
MSTR nice
Posted by matt on 15th of May 2024 at 11:34 am
MSTR - Chart Link-
US Dollar
Posted by steve on 15th of May 2024 at 11:32 am
$USD - Chart Link20/50 MA squeeze playing out with downside pressure
MSTR 1400 first target achieved
Posted by steve on 15th of May 2024 at 11:31 am
MSTR 1400 first target achieved - this was discussed in audio comments last week
USO ... Nice rebound on
Posted by mla127 on 15th of May 2024 at 11:24 am
USO ... Nice rebound on oil after inventory report
USO .... higher baby ...
Posted by mla127 on 17th of May 2024 at 02:37 pm
USO .... higher baby ... it's excluded from inflation anyway ... so it's not a big deal ....
That's funny - coffee will
Posted by steve on 17th of May 2024 at 02:52 pm
That's funny - coffee will be back in now that it dropped
NYSI systems working out
Posted by matt on 15th of May 2024 at 11:13 am
$NYSI - Chart Link-
$NYSI - Chart Link-
Is there a way to
Posted by jonesy85 on 15th of May 2024 at 01:10 pm
Is there a way to automate these where we can get a text or email when there is a signal?
This is under the Account
Posted by luminaoptions on 15th of May 2024 at 01:19 pm
This is under the Account tab
It's a premium feature -
Posted by DigiNomad on 15th of May 2024 at 01:16 pm
It's a premium feature - I believe it's $10 extra per month.
You could pretty easily setup something to scrape this website on a schedule and create alerts, when appropriate....but it would probably be more effort than $10/month is worth (although developing the skill could be priceless)
BTC 2 hr - I'm
Posted by DigiNomad on 15th of May 2024 at 11:03 am
BTC 2 hr - I'm seeing an inverse H&S with a broken neckline. Anyone have thoughts on the current wave count? I think all the "not QE" announced last week effectively canceled the correction....at least it looks that way.
Internals aren't great. VOLD slipped
Posted by DigiNomad on 15th of May 2024 at 10:50 am
Internals aren't great. VOLD slipped negative on NYSE about 15 minutes after the open and has stayed negative. NQ positive but slipping even with rising market.
Bloomberg early this morning before the CPI print had a good panel (I love Bloomberg when they are being econ nerds) and the one lady said the numbers coming through recently have had very clear signs of stagflation but the market essentially has it's fingers in its ears screaming la la la la la. She said this BEFORE the devastating miss on retail sales which the market completely shrugged off...as is normal. My view that inflation is all that matters. if it stays hot, revenues stay hot and the market stays hot. As long as the Gov is feeding the majors with contracts we're all good (the Gov has almost zero price sensitivity).
Powell will say he sees no stag and no flation because he tows the party line, but hot PPI and retail sales miss is telling a different story. Stagflation doesn't have to last a long time. It's very rare for a reason. Hard to say we aren't in it for the time being.
ES breakout system working out so far
Posted by matt on 15th of May 2024 at 10:49 am
so far working out, stop is still around 5262 that is now ABOVE entry!
that stop is about 0.7%
Posted by matt on 15th of May 2024 at 10:53 am
that stop is about 0.7% above the entry price. I mention that for folks who may have bought ETF's instead, so can use as a guide
the stop is 5262, you can also look at where approximately that would be on SPY or SSO or whatever you bought
Question, what is the suggested
Posted by piclez on 15th of May 2024 at 10:51 am
Question, what is the suggested stop for those breakout trades or other ES system trades? Thanks.
the stop is listed right
Posted by matt on 15th of May 2024 at 10:52 am
the stop is listed right in my post man
At the entry, before the
Posted by piclez on 15th of May 2024 at 10:54 am
At the entry, before the move the stop was what, 50 points, 100 points?
that was also discussed before,
Posted by matt on 15th of May 2024 at 10:58 am
that was also discussed before, was 5182, entry was around 5245
Thanks Matt! I missed that
Posted by piclez on 15th of May 2024 at 11:01 am
Thanks Matt! I missed that discussion then. So can I say the breakout trades should have around 60 points stop when I take those.
nah it's going to vary
Posted by matt on 15th of May 2024 at 11:04 am
nah it's going to vary - it's not a hard set number, I think the initial stop is below a PSAR or ATR, which will vary in price
the breakout system is the one system that uses a stop initially out of the mean reversion systems, the mean reversion systems do not use a stop at first, until you get a mean reversion bounce.
and I guess technically the breakout is not really a mean reversion system, I just have it with that mix. The breakout system has a ton of logic to it, one of the main things it uses for entry is the ADX with +DMI and -DMI - it looks for +DMI and ADX expansion
NVDA Updated
Posted by steve on 15th of May 2024 at 10:45 am
NVDA - Chart Link
BBIO Updated
Posted by steve on 15th of May 2024 at 10:36 am
BBIO - Chart Link - finally getting a better push - trim and trail
MU Updated View
Posted by steve on 15th of May 2024 at 10:26 am
MU - Chart Link
AMAT daily
Posted by morton7 on 15th of May 2024 at 10:12 am
AMAT daily
stockcharts.com
AMAT | SharpCharts | StockCharts.com
Create advanced interactive price charts for AMAT, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Following up on names
Posted by matt on 15th of May 2024 at 10:02 am
DSL - Chart Link- ex dividend yesterday, but price moving back up today
CEG - Chart Link- continues following through, trail stops up, it's had quite a move, perhaps a stop at yesterday's lows now
FE - Chart Link- been on the list for a few weeks, steady eddy move higher
BIIB - Chart Link- following through nicely! finally moving pretty good. Triggered about 2 weeks ago from that flag pattern
Short CNQ Updated
Posted by steve on 15th of May 2024 at 09:56 am
CNQ - Chart Link - crude oil still working lower
dell nice pop
Posted by morton7 on 15th of May 2024 at 09:53 am
dell nice pop
Positive research piece out....CPI aiding
Posted by shellson2 on 15th of May 2024 at 10:27 am
Positive research piece out....CPI aiding too obviously
Do you happen to have
Posted by DigiNomad on 15th of May 2024 at 10:37 am
Do you happen to have access to t he research piece on Dell? I wanted to get involved but the fundamentals scared me away....some things weren't adding up and it doesn't look great. Still interested for some reason....probably because I was a network engineer with NMCI and then in acquisitions with the Fed Gov. Dell is very very well positioned at the Gov trough.
Dell stock gains as Morgan
Posted by shellson2 on 15th of May 2024 at 11:07 am
Dell stock gains as Morgan Stanley ups target on AI business momentum By Investing.com.
investing.com
Dell stock gains as Morgan Stanley ups target on AI business momentum By Investing.com
Dell stock gains as Morgan Stanley ups target on AI business momentum
$BTCUSD ... big day in
Posted by mla127 on 15th of May 2024 at 09:51 am
$BTCUSD ... big day in the Farmville ecosystem ... but BTC is still stuck under it's 50dma for now at least ... which is also declining .....