weekly KISS charts in tables, hell of gains on some of those
like NVDA, META , AVGO which never exited, but when some of those
went long we didn't have the KISS systems tablweees live,
NVDA weekly went long on 10/22/22, so it's been holding for 1.5
years, META and AVGO went long last spring while the systems were
live
no, and why would you think they would? really the only
systems we might see trigger is the breakout system (60 Stochastic
short a maybe if we saw a reversal now, but will be negated soon,
read below
almost all the mean reversion systems systems need to have price
either below the 200 day MA or some major MA downtrending along
with price, then they look to short bounces
the 60 Stochastic systems could short while price is up if that
stochastic reverses off the underside of 80% - that one
theoretically is possible as 60 Stochastic is at 79%, HOWEVER price
needs to reverse down right from here to trigger
the exhaustion shorts can trigger in strong markets, but again
they are extremely difficult to trigger price needs to be
uptrending for a long period of time above short term MA's - which
we we saw the last exhaustion short trigger in late March after
such an extended run from the Oct lows. But since that time price
recycled went below the 50 day MA etc, so those conditions are
reset - you have to be trading above the 8 day MA for like 30 bars
at least, price has been above the 8 MA for 5 bars only
I think the sh&# will hit the fan next year personally, and
a bad recession and let's hope that's all it is.
but we will continue to trade the trend, the charts, the
technicals.
in election years June and July are generally pretty good - I'm
sure Biden is counting on it if his remaining brain power can
process that, and Pelosi LOL Mrs Insider Trader herself loves the
market
SBUX - Chart Link- on SBXU the first target was
the 5 EMA, the 2nd target is the 9 EMA, make sure to scale out of
something there, nice bounce trade from that CCI bungie setup of
course
no one commented earlier but you can find these type of setups
from this scan if you input it into Stockcharts.com
[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume)
> 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily
Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily
Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily
RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30
days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily
Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily
CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2
days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200]
OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily
CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6
days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) <
-200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily
CCI(14) < -200] OR [2 days ago Daily CCI(14) <
-200]]
the nice thing about that volume profile indicator is that it
shows you were the supply/resistance and support/demand zones
roughly are. You can see the large volume profiles near important
support areas etc
$SPX - Chart Link- last night I commented on
the abc pulling looking like a wave 4, and we got another pop this
morning in that wave 5. That could be wave 5 of C or of the more
bullish 3. Either way now we have some MACD divergence
SBUX - Chart Link- the CCI had spiked below
-300 and formed a divergence with price and along with the MACD
divergence on the 60 min time frame and doji candle as a trigger
was a perfect setup
here's past examples of it
https://breakpointtrades.com/blog/post/292951/
also if you want to scan for these setups, here's my personal
scan, SBUX was on the scan 2 days ago
[type = stock] AND [country = US] AND [Daily SMA(60,Daily
Volume) > 200000] AND [Daily SMA(60,Daily Close) > 5] AND
[Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily
EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND
[Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close)
< 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <=
Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND
[Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14)
> 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) <
-200] OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily
CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6
days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) <
-200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily
CCI(14) < -200] OR [2 days ago Daily CCI(14) <
-200]]
META - Chart Link- does anyone know of an
inverse ETF for META? I found a -3X one but it's on the London
Exchange LOL. trying to find a way to short it in my IRA
just like TSLA has an inverse ETF, figured there has to be one
for META, does anyone know symbol?
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weekly KISS charts in tables,
Weekly KISS nice rebound off those ATR's
Posted by matt on 9th of May 2024 at 04:32 pm
weekly KISS charts in tables, hell of gains on some of those like NVDA, META , AVGO which never exited, but when some of those went long we didn't have the KISS systems tablweees live, NVDA weekly went long on 10/22/22, so it's been holding for 1.5 years, META and AVGO went long last spring while the systems were live
https://breakpointtrades.com/sts_weekly/?search=BPT_basket
Weekly KISS nice rebound off those ATR's
Posted by matt on 9th of May 2024 at 04:28 pm
the weekly KISS indexes of course stayed put, price rebounded off those ATR's just above the STS stops
no, and why would you
Matt, no short system giving a signal ??
Posted by matt on 9th of May 2024 at 04:27 pm
no, and why would you think they would? really the only systems we might see trigger is the breakout system (60 Stochastic short a maybe if we saw a reversal now, but will be negated soon, read below
almost all the mean reversion systems systems need to have price either below the 200 day MA or some major MA downtrending along with price, then they look to short bounces
the 60 Stochastic systems could short while price is up if that stochastic reverses off the underside of 80% - that one theoretically is possible as 60 Stochastic is at 79%, HOWEVER price needs to reverse down right from here to trigger
the exhaustion shorts can trigger in strong markets, but again they are extremely difficult to trigger price needs to be uptrending for a long period of time above short term MA's - which we we saw the last exhaustion short trigger in late March after such an extended run from the Oct lows. But since that time price recycled went below the 50 day MA etc, so those conditions are reset - you have to be trading above the 8 day MA for like 30 bars at least, price has been above the 8 MA for 5 bars only
I think the sh will
Utilities going parabolic
Posted by matt on 9th of May 2024 at 03:14 pm
I think the sh&# will hit the fan next year personally, and a bad recession and let's hope that's all it is.
but we will continue to trade the trend, the charts, the technicals.
in election years June and July are generally pretty good - I'm sure Biden is counting on it if his remaining brain power can process that, and Pelosi LOL Mrs Insider Trader herself loves the market
XOM
Posted by matt on 9th of May 2024 at 02:56 pm
XOM - Chart Link- ex dividend is next week May 14th
easy buy near that 50 day MA where swing stop goes
Utilities going parabolic
Posted by matt on 9th of May 2024 at 02:53 pm
XLU - Chart Link-
Update: SBXU nice! was a perfect CCI bungie setup
SBXU nice! was a perfect CCI bungie setup
Posted by matt on 9th of May 2024 at 02:50 pm
SBUX - Chart Link- on SBXU the first target was the 5 EMA, the 2nd target is the 9 EMA, make sure to scale out of something there, nice bounce trade from that CCI bungie setup of course
no one commented earlier but you can find these type of setups from this scan if you input it into Stockcharts.com
[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume) > 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200] OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6 days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) < -200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily CCI(14) < -200] OR [2 days ago Daily CCI(14) < -200]]
the nice thing about that
MO monthly
Posted by matt on 9th of May 2024 at 02:46 pm
the nice thing about that volume profile indicator is that it shows you were the supply/resistance and support/demand zones roughly are. You can see the large volume profiles near important support areas etc
Update: gold/silver pm stocks
gold/silver pm stocks
Posted by matt on 9th of May 2024 at 02:42 pm
Here's a few pm stocks that haven't busted out yet
IAG - Chart Link- coil
RGLD - Chart Link-
AU - Chart Link- coil
gold/silver pm stocks
Posted by matt on 9th of May 2024 at 02:41 pm
NEM - Chart Link-
PAAS - Chart Link- BOOM
KGC - Chart Link- BOOM
GOLD - Chart Link-
EXK - Chart Link- BOOM!
SPX comments
Posted by matt on 9th of May 2024 at 11:54 am
$SPX - Chart Link- last night I commented on the abc pulling looking like a wave 4, and we got another pop this morning in that wave 5. That could be wave 5 of C or of the more bullish 3. Either way now we have some MACD divergence
$SPX - Chart Link- 15 min I showed last night
a pullback now under a bullish view would be as a wave 4, under a more bearish view would be a completion of wave C
following up on trade ideas
Posted by matt on 9th of May 2024 at 11:42 am
BLFS - Chart Link - short that continues to work out
SLQT - Chart Link - hopefully you sold with Mortimer this morning
NVT - Chart Link- nice follow through
FE - Chart Link- nice follow through
CEG - Chart Link- new follow through
CIVI - Chart Link- new breakout
SBXU nice! was a perfect CCI bungie setup
Posted by matt on 9th of May 2024 at 11:37 am
SBUX - Chart Link- the CCI had spiked below -300 and formed a divergence with price and along with the MACD divergence on the 60 min time frame and doji candle as a trigger was a perfect setup
here's past examples of it
https://breakpointtrades.com/blog/post/292951/
also if you want to scan for these setups, here's my personal scan, SBUX was on the scan 2 days ago
[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume) > 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200] OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6 days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) < -200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily CCI(14) < -200] OR [2 days ago Daily CCI(14) < -200]]
yep! was down initially, nice
AUR nice
Posted by matt on 9th of May 2024 at 11:30 am
yep! was down initially, nice to see it rebound, got close to the 20 day MA then bounced
wow congrats on that! maybe now
VITL daily i dont own it but wish i ...
Posted by matt on 9th of May 2024 at 10:01 am
wow congrats on that!
maybe now talk to Mortimer!
YINN rebounded off support
Posted by matt on 9th of May 2024 at 09:58 am
YINN - Chart Link- had quite a move, pulled back to test support yesterday, rebounded
nice thank you!
XOM - follow-up from the newsletter last night - Dividend ...
Posted by matt on 9th of May 2024 at 09:57 am
nice thank you!
SLGT - Sell Mortimer Sell
Posted by matt on 9th of May 2024 at 09:56 am
SLQT - Chart Link- take some damn profits if you haven't
VIX 60 min
Posted by matt on 9th of May 2024 at 09:53 am
$VIX - Chart Link- after filling the gap yesterday, bouncing today, MACD divergence
META - inverse ETFs?
Posted by matt on 9th of May 2024 at 09:52 am
META - Chart Link- does anyone know of an inverse ETF for META? I found a -3X one but it's on the London Exchange LOL. trying to find a way to short it in my IRA
just like TSLA has an inverse ETF, figured there has to be one for META, does anyone know symbol?