Princely Mathew

Hosts the Smart Money service in the EWT Trading Room, providing directional analysis and trade alerts on the S&P 500 Index and GDX Miners.

[Princely Mathew @princelykm]

While trend is up, my price predictive models are suggesting a pullback is very close. I will be booking my longs soon. Back to the Smart Money room.

[Princely Mathew @princelykm]

On Monday my M3 indicator went to a buy and we went long. Close to 200 ES points since then. What an insane bull run has this been. Lockout type of rally.

[Princely Mathew @princelykm]

Grabbed around 120 pts ES on that short trade and now M3 is back on buy. I don't have much confidence in this buy since bunch of my other indicators are not supportive. But maybe we can bounce for a bit. June has been the best month for me in a while with 380 ES points total. All trades posted live in Smart Money Room at EWT.

[Princely Mathew @princelykm]

Last update I spoke about a top of some significance soon. May have gotten it with my M3 going to a sell yesterday. We took a full size short trade in the room yesterday at the close. Stops set and risk managed.

[Princely Mathew @princelykm]

Getting the gap higher on the news. This is where things get difficult. I do think we have a top of some significance coming very soon. Maybe as early as this week/early next. Watching the 4 hour chart and my system for clues.

[Princely Mathew @princelykm]

Been reading everywhere on how 'no-one' saw this coming. M3 indicator and the Daily Swing system did. Up 260 ES points since Wednesday and counting.

[Princely Mathew @princelykm]

Here is the M3 buy signal as of now. It has been a very tough mkt with constant news bombs. Something 'slow and stable' like the M3 has been very useful to anchor oneself in this turbulence.

[Princely Mathew @princelykm]

M3 buy & my bounce expectation has been satisfied atleast minimally. But I've learnt not to underestimate bulls. Best just go with my signals which hv been stellar on my sys. We picked longs in 7270s. Up 160 pts. I think there's more but mayb mid nxt wk exit & another pullback

[Princely Mathew @princelykm]

If I have to guess, we bounce for a bit and then maybe look for lower lows. But I do not have a strong bias right now in either direction. Just going with the flow and doing what my system tells me to do.

[Princely Mathew @princelykm]

Crazy 1 month since my last update. Micro3 had a couple of whipsaws but we still caught a really nice 180 point ES trade on the short side. Now back on buy M3.

[Princely Mathew @princelykm]

My Micro3 indicator went to a sell 2 days back. This had been on a buy since 6650. Maybe the market is finally ready for a bigger pullback.

[Princely Mathew @princelykm]

@TAS_1100 Was mostly busy at EWT. Thought it was time to get more active here again.

[Princely Mathew @princelykm]

Warning signs in breadth and weak internals mentioned yesterday showing their influence on price action today. And breadth continues to get weaker today. Odds for a tradeable top of some sort is increasing. Maybe a few days of backing and filling first.

[Princely Mathew @princelykm]

@Dante_D87 That's fair. I have no way of knowing for sure because system degradation is a real thing. However I can say with 100% surety that there is no curve fitting in this model. What you see right now is exactly what was there in 2022/23. Every yr did good except 24 which was flat.

[Princely Mathew @princelykm]

Tough periods in the mkt exposes flaws in system design. Feb/Mar was no different. Happy because it forced me to do some extensive rework on my system & I'm pleased with my latest model. Trading simulator with backtest data : https://t.co/r4CsLUKNd1. Model long since 7100 ES.

[Princely Mathew @princelykm]

@RickGrimesDSN TY Rick!.. I was considering adding some NUGT today morning pre market and then it ramped up without me. Next time..

[Princely Mathew @princelykm]

The GDX Razz Model which uses option open interest to derive timing on the precious metals miners index. Low was projected for last week. And a high for next week. We took 2 trades in GDX in the service worth 7.6% and 5.7% within the last week.