GDX - Chart Link - as you know GDX has been under performing and that had not been good for the metal. However down in here it may be prudent to keep an eye on it, the trend is down and it has been down for a long time, however down in here there is potential for it to form a small bull wedge if it chops around here for several days or a week or so, and notice the MACD divergence forming. Now if GDX just craters down hard, this potential pattern will be lost, however if it continues to just chop around it may be something to keep an eye on. In the short term monitor the MACD for a kiss potential - notice the pattern from late Dec 2013 as an example
- ▼ October (9)
- ► 2013 (274)
- ► 2012 (207)
Tuesday, October 21, 2014
price simply holding the ATR indicator and BPT MA Deluxe on 60 min went green on the 15th.
on a side note my programmer is working on an online charting software, we may be able to code the BPT MA Deluxe into it so folks can watch it intra day and put it on various stocks and other things - that's gonna be a while still.
here's a chart of AAPL with the BPT MA Deluxe for example, same settings as the SPX, it's done pretty well ignoring most of the noise and staying in the trend.
Sunday, October 19, 2014
Wednesday, October 15, 2014
Hello everyone, here's my recent newsletter, as you know the extreme volatility continues, the Dow was down over 400 points at one point, however many sectors and indexes rallied back quite a bit from the lows. Could today have marketed some sort of capitulation day for the market and put in the major wave A that we've had on our charts? Perhaps, too early to day for sure, however some sectors like XLE energy, small caps, Semi conductors etc closed positive. Review the newsletter for my thoughts and a few trade ideas.
You can view the newsletter here.
Sunday, October 12, 2014
Hello everyone, as you know the BPT 401K Paint Dry System has been in cash for a while and had been expecting a good market correction, now that we've had a good market pullback, here's an detailed update on the BPT 401K Paint Dry System. I include a short discussion, however make sure to watch the included 20 min video in the newsletter.
- CLICK HERE for the 401K BPT Paint Dry System
Also here's a link to our General Market Newsletter this weekend, again anyone who has been following us should know that we have been expecting this market correction
- CLICK HERE for the Weekend General Market Newsletter for Oct 12th, 2014
Wednesday, October 8, 2014
Hello everyone, here's my newsletter on the market, which has been very volatile lately and today we had a big rally after the FOMC. Make sure to listen as I discuss some swing trade potential ideas to monitor. Please note that it may be a little hard to understand me since I'm under the weather (you will be able to tell from my voice).
CLICK HERE to view my market newsletter
Also I wanted to let you know that we have a manged futures service, how it works is you open an Interactive Brokers account and link it to our Efloor account, and when our automated futures systems take a trade, they will be automatically executed in your account, so for those of you who don't have time to trade and are comfortable with systems and futures, this maybe be something that interests you, click the newsletter link below to read more about this:
CLICK HERE for information on the manged futures service
Sunday, October 5, 2014
Here's our most recent newsletter, this one is very comprehensive and and very long as it discusses both the general market and commodities. I hope you enjoy this comprehensive free newsletter
CLICK HERE to view the newsletter
have a good week!
Wednesday, October 1, 2014
Hello everyone, here's a chart of my powerful BPT MA Deluxe market trending indicator, it doesn't catch exact tops or bottoms, but it does very well catching trends. Here's a current chart showing the last year and a statistics table showing trades going back to 2010, out of 37 trades only 4 losing trades and the largest losing trade was less than 2%, that's not bad. Also the average hold time is 45 days so it's easy to follow even if you work a busy day job, and some trades last as long as 3 to 6 months with a couple of them lasting about 200 days!
This powerful market indicator comes free with a BPT membership, which is only $50 a month, just one trade should easily pay for your membership many times over and you can expect an average of 3 - 5 trades in a 6 month period.
Here's a link to our signup page, consider signing up to our 6 month membership!
Tuesday, September 30, 2014
Hello all, here's a video that I just made showing you an ultra simplistic system using a standard 14 length RSI and getting long or short triggers when price tags or gets very close to the 50% level on the RSI. Your trigger is taking back at least 50% or more of the previous candle similar to the method Steve shows in his tutorials. Anyway it's pretty simple, but figured I'd share it with you guys. This method works with any stock, seems to work best on the daily time frames per my observations.
CLICK HERE to watch the video
enjoy the rest of your day
Sunday, September 28, 2014
Hello everyone, here's the highly detailed weekend commodity newsletter. I will follow up with a newsletter on the general market later this evening.
CLICK HERE to watch the Commodity Newsletter
I hope your weekend is going well,
Thursday, September 25, 2014
yes I can confirm that the BPT MA Deluxe went red. It goes to cash if price has been green for a long time as it would assume it's a trending wave and due for a choppy ABC wave, however the indicator was not green for long enough, thus once price sliced through the ATR it turned red this time vs going to cash like it did the past few times
Here's new new statistics, clearly this last pullback gave back a lot of gains that it had but still closed out with about a 1% gain. Again as Steve and I have said, this is a great trending indicator, probably one of the best out there, but it's not gonna catch tops and bottoms, best used in conjunction with you own analysis etc. See the chart and stats table showing the trades going back several years
Sunday, September 7, 2014
Hello everyone, I hope you had a nice weekend so far! Here's the general market newsletter, please take the time to review as I have some important charts and updates in tonight's newsletter.
Monday, August 18, 2014
Hello all, here's my most recent comprehensive market newsletter
CLICK HERE to view the Free newsletter
Breakpoint Trades is one of best technical analysis websites bar none, each week we provide 6 highly detailed newsletters with market analysis and trade ideas. If you are looking for robust mechanical systems with exact entries and exits in order to take out the emotion we have that too (click here). If you are looking for a managed futures account, we have that as well (click here). If you are looking for custom market indicators and long term tools for 401K's we have that too. Think of Breakpoint Trades like a smorgasbord buffet, we have something for all types of traders and you can't beat our prices!
Sign up for a 6 month membership today by clicking here today