Yep, I added it for the same reason, but costs are piling up with various subscriptions. Stockcharts only good for reviewing BPT charts...which is great, but I want something like IBD charts that have good fundamental overlays on top of price.  I'm all in on TradingView at this point so just questioning where I can remove costs for duplicative services. I'm probably just going to give up on the ability to read BPT annotations in Stockcharts.

Daytrading seems hardly possible in StockCharts...or maybe I'm missing something? Crazy considering what they charge. 

FBI waited until now to open a case on the ship that hit the bridge in Baltimore. Of course. Because there weren't any obvious red flags...

You might be holding yourself back by tying wagon to StockCharts. Lots of YouTubers creating daily videos with repeating decks that update daily.  The one I follow closest does it with ThinkorSwim and it's very slick. He says "we" a lot, so maybe he has a decent size backend team working to produce the vids. Not sure.   

Time to switch chart providers :)

My monthly BPT bill is not $50, it's more like $80 because I have to subscribe to StockCharts dot com also to get the full benefit of BPT. I hope they're giving you a kickback!! 

Interesting. Thanks for the info!  If using EMA's vs SMA's, it's basically sitting on the 200 now and clearly the relative strength was good today.  I'm not eager to stick my neck out though. Maybe I'll play it with a much tighter stop and replay it later if I'm wrong. 

XLV - I kind of like the risk reward for XLV long here. It's a defensive sector and is retesting the breakout area.
Placing stop at 135.30.
Risk to reward is 2.96 (target is recent high)

Once politicians experienced the pandemic and got used to the idea that "emergencies" turned the constitution into toilet paper, everything became an emergency.  Many, if not most countries that fall into authoritarian rule typically start with the imposition of "emergency powers" by a well meaning political leader.  In Bidens case, he was reticent at first but his base openly pushed him to declare emergencies early and often in order to exercise the power that came with the declarations.  Now it's just part of our system.

Even student loan forgiveness was attempted under the guise of "emergency powers"

"for summer demand" aka "to save our democracy"

NYCB pulled back hard basically when I posted.  Now only up 3% ish.  Mnuchin probably like "hey guys, maybe chill out a bit? Gonna be a really bad look if we rally this thing hard into the QE announcement..."

Ouch! 

These macro econ types from a pod I watched this weekend have some good insight about where we're at and where we might be heading (not just about Gold..that's just a clickbait headline).  One insight I thought was particularly interesting is how our current predicament is very familiar to EM market participants...just not so much to us DM types.  Also, they contradicted my thoughts that the Gov can't spend even more. Said that they will very likely start sending out checks again....and the explanation seemed plausible.

https://www.youtube.com/watch?v=RcNLaVmfxzE&t=15s

We seem to be neck and neck these days, but China did report a huge PPI miss last week when US also missed on PPI. 

Agree. But what do you do if you're already in max stimulus, buy the election at all costs mode and the market doesn't respond? I mean, Gov spending has kept the market levitated despite leading econ indicators being down for a record number of months in a row.  It seems we've backed ourselves into a corner. The big mistake was bailing out everyone when SVB failed - we needed to take the medicine. 

Chicken and egg question, I suppose. But it makes more sense to me that the charts were positioned how they were because they saw the news coming before the news was printed, not vice versa. At the end of the day, in the medium to longer term, fundamentals drive markets.  Deflation and slower growth concerns are driving this market lower right now. If it was just a war story, the market would likely be rising (more spending).

I don't think it was a coincidence that the market really lost it's footing after the US PPI missed to the downside (China PPI also missed on downside the same day...but much worse).

The problem is that they essentially listened to western economists advice to keep adding stimulus to trigger demand....but it didn't work. Now they have massive debt and low growth.  Double whammy. 

Middle East is the excuse ju jour.  Meanwhile, Chinese deflation potentially spreading and bond yields rising for the wrong reasons is the 6 ton gorilla in the room.  

TSLA - sources reporting a correction from 10% layoffs reported this morning to closer to 20%. Not sure where these peeps get their news. I had 20% and that was from a story that hit the wires yesterday, not this morning.