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AMZN and APPL both back tests

Posted by puma on 18th of May 2017 at 03:57 pm

Wow, that's a great song!

SPX QUARTERLY

Posted by puma on 17th of May 2017 at 04:39 pm

Wow, that's a great song! They really did that well!

A shout out to the guys at Tradingcomputers.com

Posted by puma on 11th of May 2017 at 05:59 pm

In case anyone out there is in need of a new computer, I can't say enough good things about the hardware and tech support at http://www.tradingcomputers.com/

I've got about a three year old F-35 and the hard drive, which was mechanical, started to give out. Fortunately their backup drive did a perfect job and (since the hard drive was out of warranty) they sold me a new SSD drive, overnighted it to me, and then talked me through the installation and restore (and I'm pretty ungeekly). I can't believe what a huge difference the SSD drive has made -- the machine was really fast before and it's significantly faster now. I'm actually glad the drive failed because I'm so happy with the improvement. Anyhow, just felt like giving them a free ad because those guys really do make the best trading computers and their tech support as the best I've ever had from any company.

A shout out to the guys at Tradingcomputers.com

Posted by puma on 11th of May 2017 at 05:57 pm

In case anyone out there is in need of a new computer, I can't say enough good things about the hardware and tech support at http://www.tradingcomputers.com/

I've got about a three year old F-35 and the hard drive, which was mechanical, started to give out. Fortunately their backup drive did a perfect job and (since the hard drive was out of warranty) they sold me a new SSD drive, overnighted it to me, and then talked me through the installation and restore (and I'm pretty ungeekly). I can't believe what a huge difference the SSD drive has made -- the machine was really fast before and it's significantly faster now. I'm actually glad the drive failed because I'm so happy with the improvement. Anyhow, just felt like giving them a free ad because those guys really do make the best trading computers and their tech support as the best I've ever had from any company.

 

Perfect example of extended trendline support

Posted by puma on 11th of May 2017 at 03:35 pm

As Matt is always saying, extend the trendlines...Here's the SPX 60, perfect support. And a nice doji setup for a long.

Thanks Steve -- felt like news but I didn't see that headline -- then we get a little lift, maybe the NOKs changed their mind :-)

ORCL monthly and daily

Posted by puma on 8th of May 2017 at 02:54 pm

Boy, what a humungous base -- like MSFT before it broke out. Maybe the daily will form a handle on the cup which would provide a nice entry -- if this bull market has another leg then ORCL could be an interesting swing. Earnings are June 15th. I gather that increasing cloud services are the big driver.

IWM 60

Posted by puma on 8th of May 2017 at 01:04 pm

Looks like a bounce off support on Friday and a back test of the declining tops line this morning.

AAPL reports Tues after the close

Posted by puma on 1st of May 2017 at 02:12 am

After watching Steve's weekend newsletters and realizing how just about everything is at an inflection point (thanks Steve!), I'm wondering if Apple's earnings on Tuesday might be the catalyst that will tell the tale for the market. It's in a nice cup and handle pattern, EXCEPT the volume pattern in the handle isn't good -- vol should dry up in the handle and we've got two days of expanding down volume -- maybe a tell -- but earnings are a crap shoot and the big kahuna might well lead us one way or another. I'm thinking the market might just mark time until then.

AAPL Daily -- Reverse Divergence?

Posted by puma on 26th of Apr 2017 at 12:35 am

Unless I'm missing something we've got nice reverse divergence on AAPL with the MACD looking like it wants to cross up, recycling at the zero line. 

Should we gap down tomorrow...

Posted by puma on 24th of Apr 2017 at 07:13 pm

...and not backfill the gaps, then the charts would be filled with lots of Abandoned Babies. I'm not expecting it but the charts are now littered with floating dojis. Hopefully we get some follow through and the babies will be OK.

MDY Daily

Posted by puma on 20th of Apr 2017 at 05:18 pm

Here's another bullish chart I found this afternoon. Clean breakout on good vol. Clearly the small and midcaps are leading which is usually bullish for the market. It also powered through the 50 MA.

 

HYG Daily

Posted by puma on 20th of Apr 2017 at 04:12 pm

Not great vol, but still a clean breakout. 

 

IWM Daily

Posted by puma on 17th of Apr 2017 at 04:08 pm

It's getting long in the tooth but probably still a valid pattern. Would need to follow through now. Maybe the good thing is that it's a little bit "hidden." 

 

 

XBI Daily

Posted by puma on 17th of Apr 2017 at 04:05 pm

Not a perfect falling wedge, and volume today was blah and 50 MA is right above (turned it back today), but if it can clear the 50 then it could make a quick run at the highs.

Thanks Steve -- I was

Real Rates Chart

Posted by puma on 7th of Apr 2017 at 01:05 pm

Thanks Steve -- I was just starting to look for any news that might explain what just hit gold and you were there with a "real" explanation before I could even google it, Thanks!

IWM inverse H&S

Posted by puma on 6th of Apr 2017 at 03:32 pm

Just in case the market wants to rally again...nice symmetry, daily and 60 min charts

On my MacBook laptop right now. Not seeing anything like that with Chrome or Safari or Firefox. Haven't looked at my PC.

Matt -- the SPY PRO System charts are great

Posted by puma on 4th of Jan 2017 at 11:22 pm

Thanks for posting all those years. Very helpful to see how they do in different markets!

Wishing everyone a very Merry Christmas!

Posted by puma on 24th of Dec 2016 at 05:30 pm

To Matt and Steve and everyone here -- a very Merry Christmas!

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