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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 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

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

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

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

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 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

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

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

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