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When this ends I think

Dang, UUP ain't playin

Posted by fredsaid on 15th of Aug 2023 at 03:25 pm

When this ends I think it's the green back's last hurrah for years, if not decades.

So just to confirm -

Posted by fredsaid on 15th of Aug 2023 at 03:24 pm

So just to confirm - all (non Vol) Systems are in cash and not showing anything triggering today ?

I should have stuck to

Posted by fredsaid on 15th of Aug 2023 at 03:12 pm

I should have stuck to my 4440 plan...hope we get a bounce off it else could just tank.

oh no... foiled. :(

I'm willing to bet the SPY's will close out tomorrow - anyone wanna bet ?

Well don't that look like

SPX 10 Updated View

Posted by fredsaid on 14th of Aug 2023 at 04:14 pm

Well don't that look like a cup n handle.

Long NFLX, AAPL and SPY into next week.  Bought some more QQQs and SPY.   I do see a scenario where we rally tomorrow (only) and resume the sell off on Wednesday.  In that case I really hope the systems see exit conditions again tomorrow and this time I'll be jumping off most of my remaining 1/2.

Thanks Matt.  Put my stop

AAPL charts

Posted by fredsaid on 14th of Aug 2023 at 02:57 pm

Thanks Matt.  Put my stop a little lower at 176.36.  If it get's hit i'll be tempted to go short but hard to do with all the A's.

The QQQs bounce is on

Posted by fredsaid on 14th of Aug 2023 at 02:31 pm

The QQQs bounce is on but seems very narrow (AAPL,ADBE,NVDA,AMZN,GOOG) ...  

Looks more like a 3

Possible M top. NQ 5 min

Posted by fredsaid on 14th of Aug 2023 at 02:25 pm

Looks more like a 3 headed monster top lol

Made a lower low last

SPX 10

Posted by fredsaid on 14th of Aug 2023 at 11:30 am

Made a lower low last Friday.  Need to clear 4518 for the all clear (till next week).  If we dont then likely a lot of OPEX chop (maybe 4440) and then monster bounce next week Mon/Tue into NVDA earnings.

GPS looking good.

Posted by fredsaid on 14th of Aug 2023 at 11:17 am

GPS looking good.

Following last week's pattern this

Posted by fredsaid on 14th of Aug 2023 at 11:11 am

Following last week's pattern this rally should fall apart before EOD and finish flat or about where we are now.  Then we buy !

Still looking for 4440...  I

Posted by fredsaid on 14th of Aug 2023 at 09:52 am

Still looking for 4440...  I like the relative strength in GOOG.  GOOG and APPL for the bounce into next week !

Hopefully we'll have completed a

NVDA reports on 8/23

Posted by fredsaid on 14th of Aug 2023 at 07:43 am

Hopefully we'll have completed a b move up by then and can all rejoice a c move down on earnings ...

Wow !   Good info Digi.   Too many pilot are retiring and not enough new ones coming.

Right up to 4485 into the close...

We'll find out in about 1 minute... I think it's high time for it to roll over but maybe we get 2PM bounce like yesterday.

A bounce is coming but

Posted by fredsaid on 11th of Aug 2023 at 01:28 pm

A bounce is coming but I'd like 4440 to get filled and even better would be down to 4400 (head fake on slightly longer time frames) then hard bounce next week.  Expect bounce to be led by QQQs and ERY.

Market has been rallying up

Posted by fredsaid on 11th of Aug 2023 at 01:24 pm

Market has been rallying up a lot to the key resistance into the close of late so would not be surprised to see a rally up to 4485 into the close.  To me that means we'll continue lower on Monday.  If however we sell off below 4553, which is my preferred view and hope as it could trigger another systems buy, then i'll take some short profits and add to longs.

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