GLD - Chart Link- on gold, as you know we can
count 5 waves up, that said, wave 5 might not be complete, that
could be wave 1 of 5.
the pullback late last week and bounce higher low, is a good
place for a stop now, or if you wanted to go long could place a
tight stop right there where I show the dotted purple line
Table of Contents: 1. Opening Discussion, KISS systems
major update soon 2. General Market Analysis: SPX and
Other Major Indices top down fashion higher to lower time frames)
and look at the major big cap tech stocks (NVDA, AAPL etc) 3. Custom Indicators/Systems (VIX,
NYAD) and Bonds (TLT/HYG), 10-Year Yield 4. Sectors Overview 5. US Dollar, Commodities, Crypto,
Precious Metals and GDX and individual mining stocks 6. Trade Ideas
Market Comments: The 'bulls' continue to have the
Football, and have had it since late October, which has made this
uptrend quite impressive getting close to 5 months now. Early last
week we pointed out
very obvious coil triangle patternson the S&P 500
and favored this as a 4th wave with another pop to the upside,
which we got thus pushing the S&P 500 to close over 5200 new
all time highs! For the week the SPX gained +2.3%, the Dow Jones
+2%, the Nasdaq +3%, and the Russell 2000 +1.6%.
Short-term: After the pop out of the coil into Thursday's
high and pullback that extended into Friday, for now we are
favoring this as another 4th wave of some degree with yet another
pop to the upside. That said, it's getting trickier now and late in
the game (may not be much blood left in the turnup should we get
another pop to a new high). If the pullback on the SPX falls below
5175 it would overlap and negate the short-term wave 5 structure.
The 20-day MA is your important support.
- The largest pullback during this
entire uptrend was about 130 points on the S&P 500, meaning a
pullback below 5130 would be required to break uptrend symmetry.
- For the QQQ, the largest pullback has been 17.6 points
- IWM appears to be some sort of rising wedge pattern wave 5
-
Curious spike on the CPI Put/Call ratio to 1.29on Friday
despite the market being almost at all time highs
- The US Dollar had a strong week
gaining 1.1%
- Gold spiked to a high of 2225 before pulling back and
closing at 2160. The daily chart of gold made a divergent high on
that last push
- Bitcoin formed a weekly doji candle last week and last week
lost -4.4%
- Energy Stocks once again had a great week but may be
getting extended here
Economic News This week: New Home Sales - Monday
FHFA Housing Price, S&P Case Shiller, Consumer Confidence
- Tuesday
MBA Mortgage Apps, Crude Inventories - Wednesday
Initial Claims, GDP 3rd Est, Chicago
PMI, Pending Home Sales, Nat Gas Inventories - Thursday
$CPC - Chart Link Weird spike here in the
CPC on Friday, does anyone have any thoughts on what caused that?
If it was options expiration I could see that but I think that was
the previous week. Normally these fear spikes in the CPC like this
only occur after a pullback in the market, not near the highs
yes of course, I mean when I said I'd be back around 1, I just
threw that out as a maybe, but probably won't be and won't really
be thinking about the market anyway
my dad's funeral is today at Jefferson Barracks, a Military
National Cemetery - will have the bugle and gun salute, the folding
of the flag etc, I've never been to one of these but heard it's
quite emotional, I'll make sure to bring some tissue. It's
about 50 min away, I'll be back probably around 1 pm
yes the volatility systems trades are very short term, a few
days generally, it took a short, not a long.
here's the stats on the GOOG system. Profit factor of 4.
Average time in trades is 3 to 4 days. 368 total trades since
2011 with 73.4% winning trades. Looks like an average of about 30
trades per year. The stats are based on each trading being
$10,000 in size
VLO - Chart Link- this long has had a hell of a
run, otherwise the daily MA ribbon is getting very stretched, and
there's some MACD divergence on the 60 min and 2hr time frames,
which is something to monitor if you haven't taken any profits
yet
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GLD gold comments
Posted by matt on 25th of Mar 2024 at 09:42 am
GLD - Chart Link- on gold, as you know we can count 5 waves up, that said, wave 5 might not be complete, that could be wave 1 of 5.
the pullback late last week and bounce higher low, is a good place for a stop now, or if you wanted to go long could place a tight stop right there where I show the dotted purple line
energy stocks nice
Posted by matt on 25th of Mar 2024 at 09:40 am
XLE - Chart Link-
XOM - Chart Link-
CENX, CCJ, DINO
Posted by matt on 25th of Mar 2024 at 09:37 am
CENX - Chart Link- following through
CCJ - Chart Link- following through
DINO - Chart Link- new one from weekend following through some
ES 15 min
Posted by matt on 24th of Mar 2024 at 09:37 pm
Perfect ping pong action on the 15 minute es chart between the cycles
Weekend Newsletter and Video March 24th 2024
Posted by matt on 24th of Mar 2024 at 05:09 pm
I hope everyone had a nice weekend, here's my weekend report
Youtube Video Sunday March 10th, 2024 - watch in full 1080 resolution on tablet or desktop NOT your phone
PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!
Newsletter Sunday March 10th standard Webpage Format - contains all the dynamic chart links
NVDA
Posted by matt on 24th of Mar 2024 at 03:27 pm
NVDA - Chart Link favoring a push to get over that 1000 area to set wave 5, view the last high as alt wave 5 for now
This week watch the US
weekend writeup - newsletter out shortly
Posted by matt on 24th of Mar 2024 at 03:13 pm
This week watch the US Dollar, NVDA, TLT and 10-year, and this potential 4th wave pullback on the SPX/ES futures
weekend writeup - newsletter out shortly
Posted by matt on 24th of Mar 2024 at 02:14 pm
Table of Contents:
1. Opening Discussion, KISS systems major update soon
2. General Market Analysis: SPX and Other Major Indices top down fashion higher to lower time frames) and look at the major big cap tech stocks (NVDA, AAPL etc)
3. Custom Indicators/Systems (VIX, NYAD) and Bonds (TLT/HYG), 10-Year Yield
4. Sectors Overview
5. US Dollar, Commodities, Crypto, Precious Metals and GDX and individual mining stocks
6. Trade Ideas
Market Comments: The 'bulls' continue to have the Football, and have had it since late October, which has made this uptrend quite impressive getting close to 5 months now. Early last week we pointed out very obvious coil triangle patternson the S&P 500 and favored this as a 4th wave with another pop to the upside, which we got thus pushing the S&P 500 to close over 5200 new all time highs! For the week the SPX gained +2.3%, the Dow Jones +2%, the Nasdaq +3%, and the Russell 2000 +1.6%.
Short-term: After the pop out of the coil into Thursday's high and pullback that extended into Friday, for now we are favoring this as another 4th wave of some degree with yet another pop to the upside. That said, it's getting trickier now and late in the game (may not be much blood left in the turnup should we get another pop to a new high). If the pullback on the SPX falls below 5175 it would overlap and negate the short-term wave 5 structure. The 20-day MA is your important support.
- The largest pullback during this entire uptrend was about 130 points on the S&P 500, meaning a pullback below 5130 would be required to break uptrend symmetry.
- For the QQQ, the largest pullback has been 17.6 points
- IWM appears to be some sort of rising wedge pattern wave 5
- Curious spike on the CPI Put/Call ratio to 1.29on Friday despite the market being almost at all time highs
- The US Dollar had a strong week gaining 1.1%
- Gold spiked to a high of 2225 before pulling back and closing at 2160. The daily chart of gold made a divergent high on that last push
- Bitcoin formed a weekly doji candle last week and last week lost -4.4%
- Energy Stocks once again had a great week but may be getting extended here
Economic News This week:
New Home Sales - Monday
FHFA Housing Price, S&P Case Shiller, Consumer Confidence - Tuesday
MBA Mortgage Apps, Crude Inventories - Wednesday
Initial Claims, GDP 3rd Est, Chicago PMI, Pending Home Sales, Nat Gas Inventories - Thursday
CPC spike?
Posted by matt on 24th of Mar 2024 at 12:22 pm
$CPC - Chart Link Weird spike here in the CPC on Friday, does anyone have any thoughts on what caused that? If it was options expiration I could see that but I think that was the previous week. Normally these fear spikes in the CPC like this only occur after a pullback in the market, not near the highs
yes of course, I mean
I'll be leaving about 8:15
Posted by matt on 22nd of Mar 2024 at 09:25 am
yes of course, I mean when I said I'd be back around 1, I just threw that out as a maybe, but probably won't be and won't really be thinking about the market anyway
thank you Steve and thanks
I'll be leaving about 8:15
Posted by matt on 22nd of Mar 2024 at 09:23 am
thank you Steve and thanks to everyone else as well who's already sent condolences
I'll be leaving about 8:15
Posted by matt on 22nd of Mar 2024 at 09:22 am
my dad's funeral is today at Jefferson Barracks, a Military National Cemetery - will have the bugle and gun salute, the folding of the flag etc, I've never been to one of these but heard it's quite emotional, I'll make sure to bring some tissue. It's about 50 min away, I'll be back probably around 1 pm
yep, been pretty easy, happy
Shares of Tesla are down 4% or $6.82 at $166 ...
Posted by matt on 22nd of Mar 2024 at 09:17 am
yep, been pretty easy, happy you are playing them as well
I have 12 of these
GOOGL volatility system went short
Posted by matt on 21st of Mar 2024 at 07:54 pm
I have 12 of these volatility systems: 6 of them are on ETF's and 6 are on individual stocks
I would like to eventually get these on their own tables like the KISS systems and have them automatically send buy and sell signals
yes the volatility systems trades
GOOGL volatility system went short
Posted by matt on 21st of Mar 2024 at 07:53 pm
yes the volatility systems trades are very short term, a few days generally, it took a short, not a long.
here's the stats on the GOOG system. Profit factor of 4. Average time in trades is 3 to 4 days. 368 total trades since 2011 with 73.4% winning trades. Looks like an average of about 30 trades per year. The stats are based on each trading being $10,000 in size
GOOGL volatility system went short
Posted by matt on 21st of Mar 2024 at 04:45 pm
again system based on the VXGOG volatility index of Google with the bollinger bands, again basically similar to the VIX Bollinger band system
VLO
Posted by matt on 21st of Mar 2024 at 03:07 pm
VLO - Chart Link- this long has had a hell of a run, otherwise the daily MA ribbon is getting very stretched, and there's some MACD divergence on the 60 min and 2hr time frames, which is something to monitor if you haven't taken any profits yet
Update: Update: SWIM
SWIM
Posted by matt on 21st of Mar 2024 at 02:50 pm
SWIM - Chart Link- got into that supply zone where I took some profits
Update: GLD gold trade comments
GLD gold trade comments
Posted by matt on 21st of Mar 2024 at 12:03 pm
GLD - Chart Link- bounced near that support
you're right, a lot of
Posted by matt on 21st of Mar 2024 at 11:53 am
you're right, a lot of those Youtubers have their own merchandise stores where you can buy clothing and other things LOL