Can someone explain to me why the "Commercials" are always
viewed by the market as being correct, and the "Speculators" not?
Should this really be the holy grail 100% of the time?
Honest question to better understand this report.
Looking for something deeper than that's how the "market"
perceives it.
Hope you caught it. Difficult to take now on a break after
yesterday's monster move, and hard to see how you took it yesterday
off the daily chart. Was there a signal on the
intraday??
Mixed signals? Interesting that one of Matt's SPY systems
(QE BTS Long) took a first position at yesterday's close, but the
majority of Steve's trade ideas in last night's newsletter were on
the short side. Unless one day trades (I generally don't),
it's tough going right now for investors. The "trading
winds" are constantly shifting direction.
Apparently, snake oil still sells. How many times does
this cycle of insanity have to repeat before traders and investors
realize the emperor has no clothes?
If by chance the solution includes digging a trench and
re-directing drainage on the outside of the foundation wall,
consider applying a bituthene barrier to the exterior of the
foundation wall. We did this at my office - basement file
room went from constant water penetrating the foundation wall to
bone dry. Obviously the ultimate solution is to figure a way
to redirect/drain the water. Good luck.
Respectfully disagree. I find coverage of the individual
gold and silver mining charts helpful. GDX, GLD, and SLV
provide the big picture view (much like the major indices do for
the general market), but I trade miners (not ETF's) and appreciate
Matt/Steve's individual chart analysis.
Never quite know whether to take these trades inside the pattern
or wait for the breakout. Perhaps you or Matt can cover the
pros and cons of each in an upcoming video. By the way, about
6-8 months ago and for a period of time, Matt would mention buy
points (other than breakpoints) and suggested stops. That
seems to have gone by the wayside.
Understand that the daily newsletters (videos) have also
expanded since then (more charts). Have you dropped that
granular detail due to time constraints? I for one found them
extremely helpful, especially as it frames an answer to my initial
question (buy inside the pattern or wait for the breakout).
Thanks.
FPAY question: I noticed there are 13 upward spikes within
the basing pattern. Each and every time the stock spiked it
sold off immediately (same day or next day). No follow
through whatsoever. Anything to that? What's the best
strategy for trading this? How can one trade with confidence,
especially if not day trading? Even yesterday's breakout gave
it all back before the close.
Would appreciate you reminding everyone that politics should be
kept out of the Community Forum. You set that rule some time
ago and have stated it from time to time. That means everyone, no
exceptions, right? I have a very different perspective on
life/the world/politics from many who posted comments this morning,
but bit my tongue and didn't respond because I understand this
forum to be about trading.
It really isn't okay to post comments about "the left", then a
few sentences later say: "anyway don't want to get political on the
blog". Today, you and a few others did and some like me are
bothered by it...whether people speak up or not. Thanks.
Might be an active trader reading, but it's certainly not a
reflection of sentiment among long term investors. I oversee
my firm's retirement plan (60 participants). When the average
profit sharing plan/401K plan investor is nervous, I generally get
7 or 8 inquiries from staff asking why the market is lower or
comments like "I thought I couldn't lose money; what's going on?"
My canary in the coal mine. Haven't heard from a single
individual yet.
Certainly an odd candle and bizarre trading day, but it's not a
thinly traded stock ($1.2m shares on the day). How exactly
does this possible "manipulation" work? Rumors just prior to
the open that are quickly dispelled?
Would like to understand how a stock gaps down huge like this at
the open, then IMMEDIATELY reverses course to gain 11% on the day.
What series of events creates that reaction? News after
the open? Just trying to understand and hopefully never get
caught in this type of reversal using proper stops.
Seems like it's about $1.00 away from a clean breakout.
Any thoughts on taking the trade here with a tight stop or is
it better to place a buy stop limit of something like
$10.80-$10.82? When the pattern is enticing but the last
price is far from the breakout, I have trouble deciding which is
the better approach.
ZSAN: Sometimes you get lucky. Had a stop in place and was
taken out for a small gain yesterday at $5.15. Gapped down
huge today:
https://stockcharts.com/h-sc/ui?s=zsan
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
Can someone explain to me
Gold Bullion ETF. After going through my 100's of gold ...
Posted by RichieD on 3rd of Dec 2019 at 06:41 am
Can someone explain to me why the "Commercials" are always viewed by the market as being correct, and the "Speculators" not? Should this really be the holy grail 100% of the time? Honest question to better understand this report. Looking for something deeper than that's how the "market" perceives it.
Hope you caught it. Difficult
Another beaten down bio making a move today. SURF
Posted by RichieD on 21st of Nov 2019 at 07:22 am
Hope you caught it. Difficult to take now on a break after yesterday's monster move, and hard to see how you took it yesterday off the daily chart. Was there a signal on the intraday??
Mixed signals? Interesting that one
Posted by RichieD on 2nd of Oct 2019 at 10:36 am
Mixed signals? Interesting that one of Matt's SPY systems (QE BTS Long) took a first position at yesterday's close, but the majority of Steve's trade ideas in last night's newsletter were on the short side. Unless one day trades (I generally don't), it's tough going right now for investors. The "trading winds" are constantly shifting direction.
One would have to have
thanks for the AMPY last week, got in when it ...
Posted by RichieD on 16th of Sep 2019 at 12:47 pm
One would have to have a really cynical view of the world........
Apparently, snake oil still sells.
Trade War Cycle
Posted by RichieD on 26th of Aug 2019 at 01:47 pm
Apparently, snake oil still sells. How many times does this cycle of insanity have to repeat before traders and investors realize the emperor has no clothes?
Appreciate you taking time to
Wednesday Newsletter
Posted by RichieD on 14th of Aug 2019 at 08:59 pm
Appreciate you taking time to record tonight's newsletter amidst all the chaos at home. All the best getting your house back in order.
If by chance the solution
A french drain may not be able to handle your ...
Posted by RichieD on 13th of Aug 2019 at 07:21 am
If by chance the solution includes digging a trench and re-directing drainage on the outside of the foundation wall, consider applying a bituthene barrier to the exterior of the foundation wall. We did this at my office - basement file room went from constant water penetrating the foundation wall to bone dry. Obviously the ultimate solution is to figure a way to redirect/drain the water. Good luck.
Tough situation. Good luck with
major catastrophe today,
Posted by RichieD on 12th of Aug 2019 at 01:42 pm
Tough situation. Good luck with the restoration, Matt.
Respectfully disagree. I find coverage
Matt/steveOne suggestion for cutting down charts is to reduce the ...
Posted by RichieD on 18th of Jul 2019 at 09:43 am
Respectfully disagree. I find coverage of the individual gold and silver mining charts helpful. GDX, GLD, and SLV provide the big picture view (much like the major indices do for the general market), but I trade miners (not ETF's) and appreciate Matt/Steve's individual chart analysis.
Matt: How would you play
BITA monitoring for another entry
Posted by RichieD on 15th of Jul 2019 at 07:13 am
Matt: How would you play a re-entry off the 60 minute chart? Above the high of the last tick?
Never quite know whether to
OSTK Daily View Update
Posted by RichieD on 26th of Jun 2019 at 01:14 pm
Never quite know whether to take these trades inside the pattern or wait for the breakout. Perhaps you or Matt can cover the pros and cons of each in an upcoming video. By the way, about 6-8 months ago and for a period of time, Matt would mention buy points (other than breakpoints) and suggested stops. That seems to have gone by the wayside.
Understand that the daily newsletters (videos) have also expanded since then (more charts). Have you dropped that granular detail due to time constraints? I for one found them extremely helpful, especially as it frames an answer to my initial question (buy inside the pattern or wait for the breakout). Thanks.
FPAY question: I noticed there
Posted by RichieD on 20th of Jun 2019 at 06:22 am
FPAY question: I noticed there are 13 upward spikes within the basing pattern. Each and every time the stock spiked it sold off immediately (same day or next day). No follow through whatsoever. Anything to that? What's the best strategy for trading this? How can one trade with confidence, especially if not day trading? Even yesterday's breakout gave it all back before the close.
Are you taking the trade
SLCA ... nice candle today ... i'll probably gonna try ...
Posted by RichieD on 7th of Jun 2019 at 06:45 am
Are you taking the trade at $10.35 (one cent about yesterday's highs) or when candle breaks out of the wedge??
Congratulations to the proud dad
OFF TOPIC: The Central Arizona Vaqueros Won the JUCO World Series Last Night. Picture of my son with the trademark Vaquero Mustache
Posted by RichieD on 2nd of Jun 2019 at 06:58 pm
Congratulations to the proud dad as well as the team.
Matt, Would appreciate you reminding everyone
futures dropped suddenly on news US will impose 5% tariff on all Mexican imports from June 10th
Posted by RichieD on 31st of May 2019 at 02:47 pm
Matt,
Would appreciate you reminding everyone that politics should be kept out of the Community Forum. You set that rule some time ago and have stated it from time to time. That means everyone, no exceptions, right? I have a very different perspective on life/the world/politics from many who posted comments this morning, but bit my tongue and didn't respond because I understand this forum to be about trading.
It really isn't okay to post comments about "the left", then a few sentences later say: "anyway don't want to get political on the blog". Today, you and a few others did and some like me are bothered by it...whether people speak up or not. Thanks.
Might be an active trader
CNN greed/fear index now at 31
Posted by RichieD on 14th of May 2019 at 07:03 am
Might be an active trader reading, but it's certainly not a reflection of sentiment among long term investors. I oversee my firm's retirement plan (60 participants). When the average profit sharing plan/401K plan investor is nervous, I generally get 7 or 8 inquiries from staff asking why the market is lower or comments like "I thought I couldn't lose money; what's going on?" My canary in the coal mine. Haven't heard from a single individual yet.
Thanks for providing audio despite
Thursday's Newsletter
Posted by RichieD on 3rd of May 2019 at 07:00 am
Thanks for providing audio despite losing your voice and being under the weather. Appreciate it. Get better soon.
Certainly an odd candle and
Adverum Technologies-Check out the huge gap down on the opening. ...
Posted by RichieD on 16th of Apr 2019 at 06:42 am
Certainly an odd candle and bizarre trading day, but it's not a thinly traded stock ($1.2m shares on the day). How exactly does this possible "manipulation" work? Rumors just prior to the open that are quickly dispelled?
Would like to understand how a stock gaps down huge like this at the open, then IMMEDIATELY reverses course to gain 11% on the day. What series of events creates that reaction? News after the open? Just trying to understand and hopefully never get caught in this type of reversal using proper stops.
Seems like it's about $1.00
XERS insider
Posted by RichieD on 11th of Apr 2019 at 09:05 am
Seems like it's about $1.00 away from a clean breakout. Any thoughts on taking the trade here with a tight stop or is it better to place a buy stop limit of something like $10.80-$10.82? When the pattern is enticing but the last price is far from the breakout, I have trouble deciding which is the better approach.
ZSAN: Sometimes you get lucky.
Posted by RichieD on 9th of Apr 2019 at 10:05 am
ZSAN: Sometimes you get lucky. Had a stop in place and was taken out for a small gain yesterday at $5.15. Gapped down huge today: https://stockcharts.com/h-sc/ui?s=zsan