Weak PMI and Higher Prices on the ISM Non-Mfg - thus a quick pull

XLF ... tight ... 

Posted by mla127 on 3rd of May 2024 at 10:04 am

XLF ... tight ... 

One good, one bad...net effect here?

HD - Gaped above my

HD ... Flagging on the 200dma ... 

Posted by mla127 on 3rd of May 2024 at 10:02 am

HD - Gaped above my initial buy order ... 

FUTURES dumped.

Posted by rbreese on 3rd of May 2024 at 10:02 am

FUTURES dumped.

USA ISM Non-Manufacturing Prices For

Posted by steve on 3rd of May 2024 at 10:01 am

USA ISM Non-Manufacturing Prices For April 59.2 Vs 55.0 Est.; 53.4 Prior

USA ISM Non-Manufacturing PMI For April 49.4 Vs 52.0 Est.; 51.4 Prior

AMRC with a big move

Posted by skitexas67 on 3rd of May 2024 at 09:52 am

AMRC with a big move up.  Anyone know why?  Does anyone have a chart with previous annotations that they can share?  Thanks!


FXY nice follow through again

Posted by matt on 3rd of May 2024 at 09:48 am

FXY - Chart Link- was kind of an easy oversold long earlier this week, plus we had commented that we might see some intervention by the BOJ that would likely cause it to bounce

ADBE follow up

Posted by matt on 3rd of May 2024 at 09:46 am

DBA, DBC

Posted by matt on 3rd of May 2024 at 09:42 am

DBA - Chart Link- bounced off that support zone we pointed out early this week

DBC - Chart Link- logical bounce after that retest of the broken trendline, and abc pullback

HD follow up

Posted by matt on 3rd of May 2024 at 09:40 am

SLV and Gold

Posted by matt on 3rd of May 2024 at 09:39 am

SLV - Chart Link both reversed strongly down after the initial pop in the morning ISM and Jobs news.

here's an SLV chart, 

ES futures

Posted by matt on 3rd of May 2024 at 09:34 am

Hey Matt, for the index futures KISS systems, does the '% of winning trades' metric tend to get better as the time frames get shorter? I think 78min tends to be the shortest time frame you publish, is that the best %?

Do or die? Up up

Posted by mdgfain on 3rd of May 2024 at 09:17 am

Do or die? Up up and away, or down in a big  C wave? What’s your vote?

Held secondary levels  and attacked

SPX 120

Posted by steve on 3rd of May 2024 at 08:53 am

Held secondary levels  and attacked those highs 

I have all these automated futures systems with the KISS system, and tons of these were long, on my NQ futures all 5 were long, and 3 of them went long last night, 138 min, 276 min, 345 min. the other time frames were already long. 

then 4 out of 6 of my ES systems were long, 4 of my YM systems were long. 

not gonna lie, was slightly nervous holding all those contracts on the numbers, but obviously worked out

10 Y Yields and USD

Posted by steve on 3rd of May 2024 at 08:34 am

10 Y Yields and USD spike down 

big pop in futures on those numbers

Posted by matt on 3rd of May 2024 at 08:33 am

not just the index futures like ES and NQ, but also gold, on this image gold is on the left, MES on the right

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!