BPT Newsletter technical analysis on the markets and trading systems update Jan 10th, 2024

Table of Contents:

1. Opening Discussion 

2. Systems Discussion: Mean Reversion and KISS Trend systems

3. General Market Analysis: SPX and Other Major Indices

4. Custom Indicators/Systems (VIX, NYMO, NAMO) and Bonds (TLT/HYG)

5. Major Sectors

6. US Dollar, Commodities, Precious Metals and GDX

7. Trade Ideas: NICE DAY for the trade ideas and I put out a handful of new ones in the morning (MSFT, NVDA, AQN, HCAT, LVS etc)

- SEC approves rule changes that pave the way for bitcoin ETFs

Key Events for This Week:

1. Crude Oil Inventories - Wednesday
2. Auction of 10Y Notes - Wednesday
3. CPI Inflation Data - Thursday
4. Initial Jobless Claims - Thursday
5. PPI Inflation Data - Friday
6. Total of Four Fed Speakers Next Week 

#  Administrative Note:   Steve and I will both be traveling and away on Monday January 15th-Wednesday January 17th.  Monday the markets are closed for MLK Holiday so you will be away for two trading sessions. 

The nice thing about the KISS systems is that they allow us to follow the trend, but with a protective stop, sort of like life insurance for your portfolio.

The KISS Systems for the indexes and many large cap stocks have been long since October just off the lows and are doing well. The KISS systems did their job avoiding a lot of the correction and going back long 2 to 3 days off the lows, thus capturing this rally with protection.   KISS STS Tables for Indexes, ETF's, Stocks

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KISS Trend Following Systems - Breakpoint Trades proprietary trend following systems that dynamically follow an uptrend and raise stops along the way  giving you an exit, while allowing you to stay in the trend. Check the indexes, as well as your individual stocks, ETF's etc, to see where the system is suggesting a stop.

KISS STS Tables for Indexes, ETF's, Stocks - check your stocks and ETF's to see where they are suggesting smart trailing stops if long. 

Stock Earnings Calendar:

Click here for a list of Stocks that are reporting Earnings

**Generally we never hold a position into earnings since the risk/reward is too great