I'm not sure without more info, can you tell me what theory you
have or what you are thinking about.
otherwise that 60 Stochastic being embedded above 80% for a long
time is indicative of a wave 3 in Elliot Wave Theory, so your
pullback could be a wave 4, then expect another high wave 5 - again
not always. If it was a parabolic move then that wouldn't be the
case would just top.
AAPL - Chart Link- the thing about Ipads - they
last so many years, the two we have the kids have used for 4 to 7
years, my mom has had hers for 10 years, and they will never make
IOS for Ipad work like desktop Macbook Pros laptops because of
concerns about cannibalizing their Macbook market
I looked up historical 3 month T-Bill yields, one could use 6
month T-Bill or 1-month etc, it's a guide - my assumption here is
that during the 6 months you are in cash you would place that
cash in T-bills earning some interest
the result is that $10K from 1950 turned into 9 million!
It turned into 2.8M without the Tbills compounded interest
over the years
of course buy and hold in the other or bad 6 month lost money
over 75 years 10K turned into $7K
again I'm ignoring things like dividends and stuff like
that'
I'll make this spreadsheet open to the public and provide a
link
regarding the custom Sell in May and Go away statistics with the
MACD buy and sell filter -here's the Tradestation statistics on
that strategy, not bad PF of 6.3.
I'll do a video on this sometime, I need to add the historical
interest rate on Tbills for the other 6 months when one would be in
cash earning interest
anyway the sell in may and go away is not a strategy that fits
my personality and style, I simply find it fascinating from a
mathematical standpoint how the majority of the market gains have
been made in those 6 months of the year, while the other 6 months
lost money over 75 years
here's a chart of META with some resistance levels: Fibs, candle
lows and ranges above from May - April, and downtrend line from the
highs
if you look at a 60 min time frame, the bounce still looks okay
like it can have further upside - I would prefer to see it go to
higher price levels near those big important levels. track 60 min,
15 min time frames for patterns, divergences etc
thank you, and it's a good example of why trading is not black
and white like a math equation: There's all sorts of variables that
come into play depending on trading style, goals, risk tolerance,
emotions, etc - all these decisions one has to make that can be
difficult at times - and you have all that human emotion
coming into play to cloud your judgement
to me it's always far easier buying into a position than it is
exiting/selling - exiting is always the toughest part, where to
exit, exit all, exit part etc
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here's charts of SPXU on
SPX and SPXU
Posted by matt on 7th of May 2024 at 02:02 pm
here's charts of SPXU on multiple indicators cycles, demark, A's, and time frames
you can see you had Demark 13 on 78 min, Demark 9 on 130 min, A on 195 min, A and 9 on 2hr, and price bounced off cycle support on 5 min
SPX and SPXU
Posted by matt on 7th of May 2024 at 01:56 pm
$SPX - Chart Link- 60 min stalled at the downtrend line we drew over weekend
SPXU filled a gap - could try a long or hedge with a tight stop below today's lows
I'm not sure without more
Matt - SPX Fast Indicators - I know the rule ...
Posted by matt on 7th of May 2024 at 01:55 pm
I'm not sure without more info, can you tell me what theory you have or what you are thinking about.
otherwise that 60 Stochastic being embedded above 80% for a long time is indicative of a wave 3 in Elliot Wave Theory, so your pullback could be a wave 4, then expect another high wave 5 - again not always. If it was a parabolic move then that wouldn't be the case would just top.
So far market isn't too impressed with new Ipads LOL
Posted by matt on 7th of May 2024 at 11:28 am
AAPL - Chart Link- the thing about Ipads - they last so many years, the two we have the kids have used for 4 to 7 years, my mom has had hers for 10 years, and they will never make IOS for Ipad work like desktop Macbook Pros laptops because of concerns about cannibalizing their Macbook market
AUR nice
Posted by matt on 7th of May 2024 at 11:24 am
AUR - Chart Link- weak yesterday but nice pop today, idea from weekend inverse H&S
here's a link to the
sell in May and Go Away spreadsheet showing the effect of compounded interest gaine din those other 6 months
Posted by matt on 7th of May 2024 at 11:22 am
here's a link to the Sell in May and Go Away Spreadsheet
https://docs.google.com/spreadsheets/d/1B6Leh1JHceZncXgtBquQNqx4BPDAuwjKTdrxVcFksn4/edit?usp=sharing
took me a while to compile and format all that data
docs.google.com
Sell in May and Go Away strategy with MACD filter and Tbills - Google Sheets
sell in May and Go Away spreadsheet showing the effect of compounded interest gaine din those other 6 months
Posted by matt on 7th of May 2024 at 11:18 am
I looked up historical 3 month T-Bill yields, one could use 6 month T-Bill or 1-month etc, it's a guide - my assumption here is that during the 6 months you are in cash you would place that cash in T-bills earning some interest
the result is that $10K from 1950 turned into 9 million! It turned into 2.8M without the Tbills compounded interest over the years
of course buy and hold in the other or bad 6 month lost money over 75 years 10K turned into $7K
again I'm ignoring things like dividends and stuff like that'
I'll make this spreadsheet open to the public and provide a link
KISS systems I keep getting this question about STS stops, whenever there's a lower one
Posted by matt on 7th of May 2024 at 11:12 am
whenever the system lowers the STS stops I get questions all the time, is that bug? etc
again this has been cleared up dozens of times - you guys if you haven't done so, read the FAQ, it's discussed in detail there, has been for months
https://breakpointtrades.com/sts_table_faq/
DG follow up
Posted by matt on 7th of May 2024 at 11:11 am
DG - Chart Link- nice bounce - I discussed on weekend to watch for a low risk long trigger off the 200 day MA
WMT triggered
Posted by matt on 7th of May 2024 at 09:44 am
WMT - Chart Link-
these names following through as well
Posted by matt on 7th of May 2024 at 09:44 am
SLQT - Chart Link-
CEG - Chart Link-
FE - Chart Link-
GCT follow up
Posted by matt on 7th of May 2024 at 09:41 am
GCT - Chart Link- nice breakout yesterday, notice this morning price pulled back to backtest the coil trendline where it found support
URA following through
Posted by matt on 7th of May 2024 at 09:40 am
URA - Chart Link-
URA - Chart Link-
ES futures
Posted by matt on 7th of May 2024 at 12:25 am
ES right up against the top of this resistance along with a Demark 13
https://www.tradingview.com/chart/WVDTpjM0/
regarding the custom Sell in
Updated Sell in May and go away statistics - with the MACD buy/sell filter
Posted by matt on 6th of May 2024 at 04:24 pm
regarding the custom Sell in May and Go away statistics with the MACD buy and sell filter -here's the Tradestation statistics on that strategy, not bad PF of 6.3.
I'll do a video on this sometime, I need to add the historical interest rate on Tbills for the other 6 months when one would be in cash earning interest
anyway the sell in may and go away is not a strategy that fits my personality and style, I simply find it fascinating from a mathematical standpoint how the majority of the market gains have been made in those 6 months of the year, while the other 6 months lost money over 75 years
here's a chart of META
METAHi Steve - where do you think is an ideal ...
Posted by matt on 6th of May 2024 at 02:31 pm
here's a chart of META with some resistance levels: Fibs, candle lows and ranges above from May - April, and downtrend line from the highs
if you look at a 60 min time frame, the bounce still looks okay like it can have further upside - I would prefer to see it go to higher price levels near those big important levels. track 60 min, 15 min time frames for patterns, divergences etc
AMD follow up
Posted by matt on 6th of May 2024 at 01:00 pm
AMD - Chart Link nice bounce off that demand zone, which is why I added it to the longs watchlist last week
today price stalling at a logical place at the downtrend channel line and 20 day MA
ADBE follow up
Posted by matt on 6th of May 2024 at 12:55 pm
ADBE - Chart Link got close to that symmetry target, lock in some gains
sweet moves on these trade ideas
Posted by matt on 6th of May 2024 at 12:52 pm
GCT - Chart Link-
SLQT - Chart Link-
GPS - Chart Link-
BIIB - Chart Link-
FUTU - Chart Link-
thank you, and it's a
FUTU following through
Posted by matt on 6th of May 2024 at 11:44 am
thank you, and it's a good example of why trading is not black and white like a math equation: There's all sorts of variables that come into play depending on trading style, goals, risk tolerance, emotions, etc - all these decisions one has to make that can be difficult at times - and you have all that human emotion coming into play to cloud your judgement
to me it's always far easier buying into a position than it is exiting/selling - exiting is always the toughest part, where to exit, exit all, exit part etc