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The more I use SlopeRules, the more excited I get about it. I’m excited about it as the owner of the technology, and I’m excited about it as a trader/user of it. This is a whole new discipline for me, and I find it mesmerizing.
Although we now have a number of indicators in the system, I wanted to offer a couple of examples with moving averages. I did a search for the best moving averages and stumbled upon a couple of articles. This one from Benzinga declared that “Among short- and long-term EMAs, they discovered that trading the crossovers of the 13-day and 48.5-day averages produced the largest returns.” OK, interesting! So I put that together: (more…)
Thank you to all who participated in the options webinar just now; we had a good crowd and a lot of great questions. The link here on the site to the product in question, Trade Machine Pro, is here.
I’m going to do another post tonight on SlopeRules (what else?) but in the meanwhile, here’s an updated intraday chart of AMZN, which is sporting a breathtaking $130+ range after hours. One can imagine how many weekly options owners have had heart attacks this evening with all the dynamism. This is a real rarity – – and remember, this chart is just over the span of two HOURS!
And sure enough the GDX bottoming pattern noted in that post (and before that in an NFTRH subscriber update) played out perfectly amid the stock market carnage going on all around it.
Was I trying to predict something? Of course not. I was just following general rules we’ve had in place through all of NFTRH’s 10-plus year history and privately for myself since early in the bull market that began in 2001. Very simply, the counter-cyclical winds must blow and the Macrocosm must come front and center for a constructive fundamental view of the gold stock sector. That first crack in the stock market was a good start.
Before I begin, I want to mention that, for the foreseeable future, building out and improving SlopeRules is going to be our main development focus. SlopeCharts has a few tweaks here and there I want to do, but honestly, I use SlopeCharts dozens of hours every week, and I love it. It’s ideal for my purposes and, I hope, for most of yours.
Second, remember we’ve got our Scientific Option Trading webinar tomorrow one hour after the close. We’ve got a really good crowd signed up already, so please sign up by clicking here to join.
So, about the market. I think today can be summed up with one image.