Matt and Steve, your analysis has been spot on all year (and
even longer). I don't trade regularly due to owning a
business, but your analysis has kept me from making "dumb" moves,
and the system trades (I don't get to take all of them) are a great
"low effort" way for me to participate and learn more about
trading. Enjoy your weekend!
Thanks Steve. What was your trigger to go short after you
posted this last night? I'm assuming you were watching
futures overnight? I've been busy working my day job so I
didn't catch what you were saying about this and am looking at this
as an educational example. Thanks!
UNH is a great stock fundamentally and has been a stud performer
for years. I'm hoping this bear brings it down to a
reasonable valuation so I can finally add more. Fingers
crossed!
I was traveling this week and am catching up on the markets.
Looks like Steve's 120 min SPX chart still has price in the
channel. I'm watching that to see if we are changing
direction.
https://schrts.co/VUBuQywQ
ES Systems - I really like the addition of ES since they have
longer trading hours. I sometimes miss SPY or option trades
due to work, so please keep supporting them! Thanks for all
the amazing work on here!
Recession Talk - lots of debate about the definition of
recession. Yes, traditionally 2 negative GDP quarters would
qualify. There are some strange factors with supply chain due
to covid, so I like to look at Econ Pi for some clarity.
Their BaR Grid analysis definitely shows a decline with a
likely result as a recession per this link
(http://www.econpi.com/index.php). I suggest reviewing this
for an objective and statistical monitoring of economic conditions.
There is a lot of history here so you can make your own
assessment of their presentation. Basically, their
indicators, which are based on gov stats, are in decline but not in
contraction indicative of recession. However, they do state
that the trend is down. I suppose whether we are in or will soon be
in a recession is sort of moot considering the Fed is going do
vacuum up liquidity. The one question I have is how these
proposed "Inflation Reduction Action" spending plans impact the
market. To me, it sounds like we are in a battleground until
more data becomes available. Trade carefully all!
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SPX 5 min chart (from
Posted by jared95 on 5th of Oct 2022 at 03:48 pm
SPX 5 min chart (from last night's newsletter) made a minor new high. https://schrts.co/BEwTXbWf
FYI, measured move of the A leg (assuming today's pullback was B) would put C at 61% fib (3914).
schrts.co
$SPX | SharpCharts | StockCharts.com
Create advanced interactive price charts for $SPX, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
HYG seems to be leading.
Posted by jared95 on 4th of Oct 2022 at 08:39 pm
HYG seems to be leading. Looking at Steve's 60 min chart from the newsletter, HYG has a possible symmetry break. https://schrts.co/SEaDdyQX
schrts.co
HYG | SharpCharts | StockCharts.com
Create advanced interactive price charts for HYG, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Thank You BPT! Matt and Steve,
Posted by jared95 on 30th of Sep 2022 at 06:03 pm
Thank You BPT!
Matt and Steve, your analysis has been spot on all year (and even longer). I don't trade regularly due to owning a business, but your analysis has kept me from making "dumb" moves, and the system trades (I don't get to take all of them) are a great "low effort" way for me to participate and learn more about trading. Enjoy your weekend!
If you're not already in,
GDX daily
Posted by jared95 on 30th of Sep 2022 at 04:02 pm
If you're not already in, then buy the higher low?
NKE earnings after the bell...could
Posted by jared95 on 29th of Sep 2022 at 03:27 pm
NKE earnings after the bell...could be interesting
Thanks Steve. What was your
SPX 10
Posted by jared95 on 29th of Sep 2022 at 03:26 pm
Thanks Steve. What was your trigger to go short after you posted this last night? I'm assuming you were watching futures overnight? I've been busy working my day job so I didn't catch what you were saying about this and am looking at this as an educational example. Thanks!
https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage
GBP currency futures halted ?? Not sure if this is ...
Posted by jared95 on 25th of Sep 2022 at 09:46 pm
https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage
zerohedge.com
Pound Flash Crashes 500 pips To Record Low Amid Global FX Carnage As Things Start Breaking | ZeroHedge
The beginning of the end is finally here.
Keeping it conservative and trading
Systems update
Posted by jared95 on 23rd of Sep 2022 at 04:00 pm
Keeping it conservative and trading SPY instead of ES this time...gl all
FYI, $275ish is the 61%
ADBE
Posted by jared95 on 18th of Sep 2022 at 07:46 pm
FYI, $275ish is the 61% fib of the 10+ year bull run. I wonder which it tests first.
Nooo! I forgot to execute
Short trade comments
Posted by jared95 on 13th of Sep 2022 at 09:49 am
Nooo! I forgot to execute the trade last night! Guess I'm a arm chair qb for this one!
UNH is a great stock
UNH Daily Updated
Posted by jared95 on 5th of Sep 2022 at 06:53 pm
UNH is a great stock fundamentally and has been a stud performer for years. I'm hoping this bear brings it down to a reasonable valuation so I can finally add more. Fingers crossed!
Merry Christmas from NVDA....one heck
Posted by jared95 on 2nd of Sep 2022 at 02:03 pm
Merry Christmas from NVDA....one heck of an unwind on the weekly chart. I wonder where it stops.
https://schrts.co/pmAMBSuw
schrts.co
NVDA | SharpCharts | StockCharts.com
Create advanced interactive price charts for NVDA, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Breaking below the bottom of
ES futures
Posted by jared95 on 31st of Aug 2022 at 08:49 pm
Breaking below the bottom of the 2hr wedge
ES Futures - possible falling
Posted by jared95 on 30th of Aug 2022 at 10:59 pm
ES Futures - possible falling wedge with divergence on the 2hr time frame. If the bottom is in, the 38% fib is around 4100.
I was traveling this week
Posted by jared95 on 26th of Aug 2022 at 11:34 am
I was traveling this week and am catching up on the markets. Looks like Steve's 120 min SPX chart still has price in the channel. I'm watching that to see if we are changing direction. https://schrts.co/VUBuQywQ
ES Systems - I really
Posted by jared95 on 6th of Aug 2022 at 02:19 pm
ES Systems - I really like the addition of ES since they have longer trading hours. I sometimes miss SPY or option trades due to work, so please keep supporting them! Thanks for all the amazing work on here!
ES Futures +9 so far
Posted by jared95 on 4th of Aug 2022 at 09:44 pm
ES Futures +9 so far tonight
In line with other such
Audacity isn't strong enough word for these out of touch ...
Posted by jared95 on 4th of Aug 2022 at 09:05 am
In line with other such classics as:
Learn to code
Just by an electric vehicle
Low growth is the new normal
Lower your expectations
Its the price of patriotism
Thanks Steve, educational as always!
https://youtu.be/m-scbvT8Jpg
Posted by jared95 on 31st of Jul 2022 at 10:06 pm
Thanks Steve, educational as always!
Recession Talk - lots of
Posted by jared95 on 31st of Jul 2022 at 08:52 pm
Recession Talk - lots of debate about the definition of recession. Yes, traditionally 2 negative GDP quarters would qualify. There are some strange factors with supply chain due to covid, so I like to look at Econ Pi for some clarity. Their BaR Grid analysis definitely shows a decline with a likely result as a recession per this link (http://www.econpi.com/index.php). I suggest reviewing this for an objective and statistical monitoring of economic conditions. There is a lot of history here so you can make your own assessment of their presentation. Basically, their indicators, which are based on gov stats, are in decline but not in contraction indicative of recession. However, they do state that the trend is down. I suppose whether we are in or will soon be in a recession is sort of moot considering the Fed is going do vacuum up liquidity. The one question I have is how these proposed "Inflation Reduction Action" spending plans impact the market. To me, it sounds like we are in a battleground until more data becomes available. Trade carefully all!