You too, we will here.

I saw that and thought it was a pretty big deal. Be interesting to see how soon they get the okay and how the charting programs change their formats to accommodate the 22 hour trading day. No more big disconnects from the 8pm close to 4am open.

Plan to, it is my birthday tomorrow. You have a good weekend too.

The latest up cycle started the first week of Sep. I went full long on 8/12 with 10ema cross and other considerations. Then came a big w2. I exited on 9/4 and really screwed up getting back in a little late on 9/11.

It looks to me like we are still fully engaged in w3 although most of Oct has been sideways. I was up for the cycle 4.2% as of last night and with current gain 5.7%. This yield does not take into account that I am invested an extra 15% to my 100% investment level of 50%. So that should put my gains around 7.4%

I did the same thing as JAWS, in at 8.53

I have developed a trend line chart which is pretty simple. If the trend line gets broken, exit or buy, but a few more things to it.

I marked up a TQQQ HA chart (I think I did it right, need to watch video again) going back to 8/8. There have been 5 trades and only two were not the same day, off by one, but either date would have worked fine.

HA might be a great conformation for the chart.

I expect either of these charts to easily beat QQQ (TQQQ is not a good gauge because they are not even close to each other). So you will have to convert results to 1x for comparison.

I played with HA candles years ago, but never had very good success. However, I can see according to the video that there is much more to really understanding how to use them. I am a lot smarter than I was back then, so of course I will have to investigate, thank you very much. But one thing I got lots of right now is time with nothing to do.

One thing I do remember for sure, when I got a signal, the price usually not even close to the HA number, which was a bummer. But over a bigger swing trade, it really becomes a mute point.

Interesting that you said what you did. I was blowing and going about 2 days ago and then boom, my blood pressure starting getting lower and lower. No energy at all, dizzy, and sick to my stomach. Talked with my surgeon's nurse today and he told me to quit taking the high blood pressure med. Two weeks tomorrow since surgery.

I had a neighbor help with the R410A bottle and checked the charge on my AC just a few minutes ago. It needed some. Just didn't want to go into winter without a check.

I talked with a tech guy at TOS yday and he showed me how to set up an order for a ticker for multiple accounts. Just have to insert the number of shares for each account. Will help a lot. We have our joint account and then each of us has an IRA.

Your father is doing well, congrats.

In the past I have seen you using 9ma for trades. I personally prefer 10ema, but they are really close. You do wait for a total bar above 9ma, I am just looking for a cross. Be fast on the entries, slow on the exits.

I have started playing around with a 10ema chart and so far I like what I see.

The combination of 10ema xo's, M12 cycles and M3 xoz, the signals are pretty clear.

There have already been 2 10ema xo's this month, but I now use NDC (next day confirm) and it is working.

I made a really welcome change to my desk screen setup about two weeks ago.

I have a 16" ASUS laptop that is now driving two 24" monitors. So easy to read the screens.

Left screen is for charts and reading
Right screen for TOS Web
Laptop for Excel spreadsheets

On both drops I went to cash, but got back into the market after each drop.

I have had a health problem come up that I have not disclosed on the board. But I am going to give some detail because there is a change it could save your life in the future.

About two months ago I started having a very minor tightness in my chest whenever I was in a stressful situation in my jeep, or fully engaged in a good game of table tennis. It only happened about 5 or 6 times. I normally would not let something like this brother me especially since it went away so quickly and gave no pain whatso ever. For some reason I decided to go to my doctor. I failed his EKG test so he sent me a cardiologist. After doing a nuclear stress test and a echo cardiogram, it was confirmed that I had a major lose of blood to my heart arteries.

I was scheduled a week later to have a procedure done where that go into the heart with a camera, find the location of the blockage and in most cases unblock needed arteries with stents. That did not happen because of the location of the blocked arteries. I was told that I had what is called a "widow's heart" and that a heart attack would have been fatal.

On Oct 4th I had open heart surgery and two bypasses installed. I have been home since last Wednesday and recovery is going very well. I take walks to the end of the block each day. I feel fine, but still very tired from the surgery and all the meds keeping me awake at night.

So clearly the moral to this story is, if you feel anything different going on around your heart have it checked out. I ran 6 miles a week for years and I am sure that is what made my heart strong enough to with stand what happened. "Real men" will die, wimps like me get to live.

Last week, I think Thursday, I saw a segment on Charles Payne where he showed a graph of retail investor (that would be us) market sentiment vs institutional (hedge funds). Retail has been very positive for a couple of months and institutional negative. I had actually heard this before and thought it was odd behavior, but I actually get the reason. QQQ dropped 13.7% into early August and then repeated a -7.1% drop in early Sept without setting a new high. QQQ has yet to establish a new high of early July. That being the case could be seen as a clear w3 down setup.

And then for whatever reason, "... but then everything flipped last week, because as Goldman's Prime Brokerage writes in its must read Weekly Rundown note (available to pro subs), after 8 straight weeks of selling, HFs net bought US equities at the fastest pace in 4 months, driven entirely by Single Stocks which saw the largest net buying since Dec ‘21, and by long buys and short covers (1.2 to 1)."

For the month SPY and QQQ have barely managed a 1% gain. I think that could all change this week. I am fully loaded.

insert-text-here

Good hunting. I don't play the VIX. Just too volatile for me. BOIL is all I can handle, which by the way I am up 26.3%, so will be watching my 50% profit point.

Also pulled back on my investments Friday. Sold all of my FNGU and all of my stocks except for AMD GOOGL META. My investment in FNGU was 9.5% (I screwed up the initial calculation, should have been 10%). I once owned 6 FNGU stocks for 6% investment. As on now the gains are the same, but I still have 3 open I could lose money on.

For TQQQ I pulled back to the appropriate investment level for my 125% investment level. Still fully loaded with SPXL

62.8% SPXL (60% at buy)
54.9% TQQQ
3% other FNGU stocks
.6% BOIL
121.8% securities equivalent

56.9% MM etf's
178.3% Total investment ($234 cash)

This is an amazing way to invest. Just over 120% exposure to stocks, but 178% investment in total.

I have decided that for the next cycle I am going to raise my investment to 135% (from 125% + stocks) and not buy any individual stocks. Just too much work. I will double FNGU investment to 20%. This will also affect my IRA acct as I never did go above 125%, I will raise it also.

I am using Microsoft's Edge for my internet browser. When I load Zerohedge, ads appear to the left and right of the text. In about 15-30 seconds, the ads on the right disappear. Then in another 15-30 seconds, the ads disappear on the left and I am left with a full screen of text. I like it but it time it happens, the text goes back to the top of the page, so I have to scroll down to where I was reading.

Anyone else seeing this?

QQQ keeps hitting the KC lines. From the 9th we have gone from the lower limit to now almost the upper. No new ATH, but could it be in the future. Hard to say for sure.

AS the old song goes, "What a difference a day makes". A little gain each day is adding up for the week.

We have moved all the funds we don't need to trade with to GSY. Way better stable returns. See Jaws chart.

Excellent summary. Boy does GSY stand out on the chart. Yahoo.

No sell signals yet but watching my charts carefully. Worse thing I see is 3 down days of NDX BP%.

Here is a summary of the dividends for the big 2

 
 .	$	            Ex	Pay 
 			 
 SPY	1.745531	9/20	10/31 
 SPXL	0.19251   	9/24	10/1 
 			 
 QQQ	0.67686	         9/23	10/31 
 TQQQ	0.230214	9/25	10/2 
 

No only are they doji's they are dragonfly doji's. I consider them positive. We have only had 2 down days in the last 12 trading sessions for a total SPY gain of 5.9%. Each day we march a little higher. 60m chart has a nice trend line.

I am going to take the rest of the day off and celebrate. I feel so good.

https://www.zerohedge.com/technology/seems-magic-sam-altman-says-chatgpt-will-bring-unimaginable-prosperity-fix-climate

I pretty much use 10ema the same way you do 9ma. I had a close above 10ema on the 5th, M12 and M3 both looked good, so I bought near the open on the 6th. Twice prices have closed back down below 10ema, but it is still very early in the cycle plus again M12 was continuing to climb and M3 never closed very much below zero, so I just waited to lose more money, but it didn't happen.

You posted back on 9/5 that you had a buy signal. I looked the next day (9/6) and bought. Looking good.

This should truly be interesting to see how well this etf will do.

https://www.zerohedge.com/ai/future-finance-fintech-startup-launches-ai-etf-emulates-buffet-druckenmiller-and-tepper

You may have done well, time will tell. I find that the 60min chart is great for front running daily signals, but it is trickly for exits. A falling MACD only means momentum is slowing much of the time. In general, MACD has to cross zero or be very close to it to get my attention.

What a roller coaster of a month this has been. The first week saw a sharp drop in all the indexes and a full recovery the second week of the month. This past week added a little bit more to the gain. As you can see FNGU is doing the best (1x gain) of the 3 indexes.

So I went to cash on 9/5 and then back into the market on 9/11. So for this cycle and this month, my index holdings are up 2.7%, 3.0% and 4.3%, so I have a positive month going when I add in the losses for the first week. But the losses for the first week were part of the last cycle and it was also a good cycle.

We will see what happens next week, but for me, the worse case would be a BE or a slight profit, but I would like to see the market continue to rise a bit more before turning. I can't tell if we are still in a solid w3 or if it topping, so only time will tell, but I actually like which I see in the QQQ chart. The SPY chart looks even better making a new ATH last week.

For sure gravestone doji's would be a concern. I only see spinning top doji's on SPY and QQQ, so not much of a concern. The fact that the day held I consider very positive.

I went 100% long with SPXL TQQQ and FNGU on 9/11 and just added since then. 9/11 was the first close for each above 10ema and prices have not dipped below since.

As my chart shows I went long at EOD 9/13 at 26.77. I was busy at the close, so got just a little bit better price than the close of 26.85.

The chart below is my 60min trend line chart for SPXL (TQQQ is a carbon copy). I was very encouraged by how well the TL held during regular hours and then saw it immediately start to climb AH. It is truly a mystery to me why the market did this AH and then the big jump at 4am.

I was quite unsettled at the close yday. The day had started off good, but by the close, I wasn't sure what was going to happen today. I set one stop and had a whole list of stocks to sell with NDC (next day confirm). I watched futures after the close and by 8pm, it was clear something major was about to happen.

I am fully loaded at 134% and 127% for my two LT accounts and 178% for my short term account, so this is by far going to blow away by record day from 8/15. I just hope that this post doesn't jink it all.

As you can see from the chart, SPY (based on closes) had formed a triple top, whereas based on candles, it had set a new ATH. In my mind this thing could have gone either way, but I like the way it went.

What do you know, somebody else noticed that recessions do matter in regard to stock market moves after the first rate cut.

Which one are you going to believe, your charts are your pundits? I am up 12%.

I am getting to really hate etf's that under $10. Take too many shares and even small changes are big %'s.

Big move on NDVQ, -10.7%.

I WROTE THIS YDAY EVENING, BUT DIDN'T HAVE TIME TO FINISH IT

I listened to Charles Payne while I was eating lunch, and he had a very different take on reduction of interest rates.

His comment was that interest rate cutting does not cause the market to fall, recessions do. So there is nothing that says just because the FEDs are staring to cut interest rates that the market will fall. If we go into a recession, then it will fall.

So then the big question, are we going into a recession. Somehow this economy seems to keep ticking along. I would have to say that the likely hood of a recession is less than 50%, which means the market could be very good.

So I am back to my usual comment, don't worry about what could happen, just trade what you see on the charts.

I had very little time last week to look at my stock charts, so I missed some good buys. However today was a pull back day (I think, we will see tomorrow go up), so I took advantage of it and bought AMD, GOOGL, META, NVDA, and TSM.

AMZN MSFT NAIL and NFLX were all good buys, but I will not chase.
***********************************************************************************************************************

I will probable upgrade based on NQ's comment. My concern is that all their effort is now going into Windows 11 and so I worry about security issues.

Good to know. Thanks

Really good article. Just a few highlights:

* Relative to where they were at the 2000 highs, European stocks are worth about half what they were nearly 25yrs ago in real terms.

* “US stock market cap is over $50trln, dwarfing China at $11trln and Japan at $6trln,” he continued. “For over five decades, the US has produced the next generation of great global companies.”

* Fueling an entrepreneurial culture, that is the source of America’s prosperity, strength, power.


https://www.zerohedge.com/markets/hedge-fund-cio-europes-collapse-healthy-reminder-americans-stay-true-their-system

My ASUS laptop is now about 5 years old. Of course, Windows is always getting upgrades and each time it wants me to upgrade from Windows 10 to 11. Should I do this? Anybody using 11?