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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 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

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

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  Money Mouth

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 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!

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?

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