Youtube Video Monday May 13th, 2024   - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Monday May 13th  standard Webpage Format  - contains all the dynamic chart links

LU - Chart Link-

$SPX - Chart Link- at the lows there was a divergence with the HYG having a higher low that marked the low. Now you have the reverse where HYG is lagging relative to SPX

VWAP is static and resets daily. An "anchored" VWAP is dynamic and can be recalculated from any point in time you choose (the anchor).

So today's VIX pop has  created a new gap from an even lower VIX than the prior gap?

CNBC - Biden will announce tariffs on Chinese tomorrow to protect.... consumers. LoL. There is no shame with the gaslighting anymore! 

VWAP - maybe stupid question, but aren't 100% of VWAP's "anchored"?  People throw out VWAP and anchored VWAP like they are different things....but how is the math for VWAP possible without an anchor somewhere in time? 

Meme Casino is closed but still trading pretty heavy in AH.  YouTube day trading shows are so happy with themselves right now. Christmas in May! 

Yep, the problem is that if you look at a longer term chart, we've been late cycle for a LONG time in a bull market that started with QE in 2009.  Turns out that if you print enough money you can effectively tamp down volatility and destroy the business cycle.  There are some very negative effects, but it looks rad on long term charts. 

Meme Stocks  - these tend to be late cycle so I feel like a good pullback is in order. That being said, I will take the spy entry with the system with a very tight stop. 

Yes normal ahead of big news 

Big up day on the VIX and didn't sold off so far  ... CPI release hedging ?  market barely budged today ... 

i will make it 1/2 order then thx

Any update on the KISS higher Performance being rolled out?  Over under by July4th? 

Your STS tables gave us daily longs on SPY and DIA on May 3. I have a little of each.

I think a downside miss on CPI would provide a doozy of a "game on - hold my beer" moment for Janet.  Essentially, they're likely waiting to print big into any inflation weakness.  Also, the Feb is back to the cusp of outright QE now (they only have "not QE" running at the moment) and a weak print would give them cover to cross the rubicon once more.  Interesting, but also kind of obvious playbook when recessions are simply not allowed to happen....at least not until after November. 

SCCO

So I guess on Friday the ES breakout system went long - the problem with TS being a Friday it didn't show up until I rebooted on weekend

Currently price is basically at the same price it went long

I'm not super in love with it here, if a deeper 4th wave pullback occurs it may take some heat or get stopped out (remember the breakout uses Stops. But is what it is and that's the thing about systems, you can second guess every trade, so I'll go ahead and issue it 

The breakout can have a maximum only of 2 entries before it stops out

GME ...

Your synopsis sounds good to me Digi. I hope the first option plays out.