UPDATE TO EARLIER ALERT: The trigger price has
changes from below $143.10 to now below $142.84. Please note
the change!
10/22/12:
The SPY Swing System will execute a new Long position today at
the close if the SPY closes below $143.10.
Yes the system did just close a long on the open and yes it is
looking to go back long. This has happened before but it is
not common.
This Long
trade will represent 100% position for the Single en
try
systemand 40% for those following the Multi En
try. As always please
trade as you see fit. We will send another
alertONLY if the
trigger price changes. Otherwise you should
consider this
alertthe official
alert. As always we will also be answering
questions and making comments on the SPY section of the Trading
Community.
It is amazing that sometimes a chart looks like it needs to go
lower, bam, news then comes out to help in that effort. Moves
pretty well through the 89 week SMA which is roughly the
CYAN.
Obviouslynot at all to make light of the 5
potential deaths.
The SPY Swing System will exit (sell) the current Long position
and go to cash ON THE OPEN Monday (10/22/12).
I will leave all notices up until I get the official price on
Monday's open and then I will update the SPY section and post in
the community. As for the Historical Trades section - that
will be updated to reflect the closed
tradewithin a few days from Monday (and likely Monday
evening).
The alert price is set below the level which we have deemed
significant on the chart. You would want to then refer back
to the chart (or now also go into the new Trade Ideas list and play
the audio) for notes on the expectation. It is possible that
there will be ideas meant for only a quick trade all the way out to
longer swings depending on the formation and current market.
As steve mentioned as I was typing, if after reviewing you still
need assistance please email in and we will schedule a time to help
you further.
Depending on how the rest of the day plays out we may have a
sell signal for Monday. I will send an official note after
the close when I have a concrete signal.
The market is helping this one go where technicals probably
would have taken it anyway but still watching the 89 Week MA which
is represented closely to that Cyan line at the bottom as a
possibly shot long.
Not picture perfect but still seems to be working on a
consolidation with the high at the 38 fib on weekly and low the 200
day SMA. Still looking to see the daily MACD recycle.
Obviously this will be somewhat counter to the USD which
would continue to press lower as eurusd moves higher due to
correlations.
I think your using the calendar we posted and what they are
showing for the 21st is just the Quarter which we don't
track. The next is a New Moon the 29th. Its not perfect
but I just think about every 2 weeks (since it is a 29.5 day
cycle).
The 200 day MA (and 13 week MA) held as hoped and this rally of
positive divergence on the Daily has been really straight forward.
Target remains in the 1.34 area with the confluence of fibs
and the 89 week MA.
I don't want to sound overly negative but today's move in AAPL
for me so far just filled a gap at 652.59 and with the 20 and 50
day SMA's above I might like to see more personally before I say
the coast is clear.
Don't forget to check for earnings on any stocks you might be
trading/holding.
Here are some notable companies reporting
after the bell include American Express (AXP), eBay (EBAY), Noble
Corporation (NE), SLM Corp. (SLM), Stryker (SYK) and Xilinx
(XLN).
Newsletter
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SPY Swing System Trade Alert
Posted by tom on 22nd of Oct 2012 at 03:02 pm
UPDATE TO EARLIER ALERT: The trigger price has changes from below $143.10 to now below $142.84. Please note the change!
10/22/12:
The SPY Swing System will execute a new Long position today at the close if the SPY closes below $143.10.
Yes the system did just close a long on the open and yes it is looking to go back long. This has happened before but it is not common.
This Long trade will represent 100% position for the Single en try system and 40% for those following the Multi En try. As always please trade as you see fit. We will send another alertONLY if the trigger price changes. Otherwise you should consider this alertthe official alert. As always we will also be answering questions and making comments on the SPY section of the Trading Community.
Please trade as you see fit.
It is amazing that sometimes
MNST
Posted by tom on 22nd of Oct 2012 at 02:14 pm
It is amazing that sometimes a chart looks like it needs to go lower, bam, news then comes out to help in that effort. Moves pretty well through the 89 week SMA which is roughly the CYAN. Obviouslynot at all to make light of the 5 potential deaths.
Chart Link
Current Trade Status
Posted by tom on 22nd of Oct 2012 at 09:33 am
The SPY Swing System is in cash awaiting a new signal.
Futures
Posted by tom on 22nd of Oct 2012 at 06:42 am
Good morning traders,
A quick look at the S&P 500 from Sunday night into this morning.
SPY Swing System Trade Alert
Posted by tom on 19th of Oct 2012 at 04:03 pm
10/19/12:
The SPY Swing System will exit (sell) the current Long position and go to cash ON THE OPEN Monday (10/22/12).
I will leave all notices up until I get the official price on Monday's open and then I will update the SPY section and post in the community. As for the Historical Trades section - that will be updated to reflect the closed trade within a few days from Monday (and likely Monday evening).
As always please trade as you see fit.
thomas@breakpointtrades.com, I will be checking
Alarms
Posted by tom on 19th of Oct 2012 at 03:45 pm
thomas@breakpointtrades.com, I will be checking all weekend!
hey peter, The alert price is
Alarms
Posted by tom on 19th of Oct 2012 at 03:28 pm
hey peter,
The alert price is set below the level which we have deemed significant on the chart. You would want to then refer back to the chart (or now also go into the new Trade Ideas list and play the audio) for notes on the expectation. It is possible that there will be ideas meant for only a quick trade all the way out to longer swings depending on the formation and current market. As steve mentioned as I was typing, if after reviewing you still need assistance please email in and we will schedule a time to help you further.
Depending on how the rest
SPY System..
Posted by tom on 19th of Oct 2012 at 02:01 pm
Depending on how the rest of the day plays out we may have a sell signal for Monday. I will send an official note after the close when I have a concrete signal.
FYI I have the 150
SPX 5 min
Posted by tom on 19th of Oct 2012 at 01:33 pm
FYI I have the 150 Day MA on AAPL as $613.86 although it has a little more a flat slop instead of angled.
MNST
MNST
Posted by tom on 19th of Oct 2012 at 01:31 pm
The market is helping this one go where technicals probably would have taken it anyway but still watching the 89 Week MA which is represented closely to that Cyan line at the bottom as a possibly shot long.
Chart Link
Not picture perfect but still
EURUSD / USD
Posted by tom on 19th of Oct 2012 at 09:49 am
Not picture perfect but still seems to be working on a consolidation with the high at the 38 fib on weekly and low the 200 day SMA. Still looking to see the daily MACD recycle. Obviously this will be somewhat counter to the USD which would continue to press lower as eurusd moves higher due to correlations.
Best wishes and speedy recovery
WPRT
Posted by tom on 19th of Oct 2012 at 09:46 am
Best wishes and speedy recovery to your daughter!
futures
Posted by tom on 19th of Oct 2012 at 09:08 am
A snap shot of this morning's trading as we are currently down $2.50 points pre-market.
This Weeks Econ Calendar - updated actuals
Posted by tom on 19th of Oct 2012 at 08:10 am
Last look at the week with Existing Home sales at 10 am EST.
This Weeks Econ Calendar - updated actuals
Posted by tom on 18th of Oct 2012 at 08:35 am
showing the 388 print
hey burk, I think your using
Moon does it again
Posted by tom on 18th of Oct 2012 at 08:24 am
hey burk,
I think your using the calendar we posted and what they are showing for the 21st is just the Quarter which we don't track. The next is a New Moon the 29th. Its not perfect but I just think about every 2 weeks (since it is a 29.5 day cycle).
The 200 day MA (and
EURUSD / USD
Posted by tom on 18th of Oct 2012 at 08:18 am
The 200 day MA (and 13 week MA) held as hoped and this rally of positive divergence on the Daily has been really straight forward. Target remains in the 1.34 area with the confluence of fibs and the 89 week MA.
... and that will mark
moon cycle
Posted by tom on 17th of Oct 2012 at 03:50 pm
... and that will mark the top with the moon cycle Way to ruin it!
I don't want to sound
aapl
Posted by tom on 17th of Oct 2012 at 03:32 pm
I don't want to sound overly negative but today's move in AAPL for me so far just filled a gap at 652.59 and with the 20 and 50 day SMA's above I might like to see more personally before I say the coast is clear.
Earnings 10/17/12
Posted by tom on 17th of Oct 2012 at 03:12 pm
Don't forget to check for earnings on any stocks you might be trading/holding. Here are some notable companies reporting after the bell include American Express (AXP), eBay (EBAY), Noble Corporation (NE), SLM Corp. (SLM), Stryker (SYK) and Xilinx (XLN).