Hi Pete,

Could you refresh the trading setup for breakouts? Either % of ATR or Open-Close Risk? Any addition to conviction? Thanks,

Good morning, Pete,

Long #RTX

Market BIAS: Bullish trend.

Stock-specific trade

INDUSTRIALS |Aerospace & Defense | Outperforming XLI.

Mechanical Trade setup | 50SMA Up-trending.

Energy green candle with just above average volume.

ENTRY 158.37 | SL 155.93 R 2.44 | ATR 2.66

IPT 165.69 Potential Reward $7.32 (3 to 1) | ATM $7

50% ENTRY.…

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Hi Pete,

I have two questions:

1) Can we trade SPY with the Mechanical System?

2) If I have a Game Plan for a stock with the Mechanical System, but the price action develops above the closing price during the Pre-market or the Open. Can I trade the gap?

Appreciate your comments

Good morning, Pete,

Long #AEE

Market BIAS: Bullish Trend. Some bearish sentiment.

UTILITIES |Regulated Electric | In sinch with XLU.

Mechanical Trade setup and breaking downtrend; yet narrow body with low volume.

50SMA Up-trending.

ENTRY 100.79 | SL 100.12 (Used LOW instead of closing) R 0.67 | ATR 1.23.

IPT 102.80 Potential Reward…

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Good morning, Pete,

Market BIAS: Bullish, momentum sideways.

Long #NDAQ

FINANCIAL | Financial Data & Stock Exchanges | Strong Industry Group.

Mechanical Setup with High volume.

50SMA trending upward.

It seems moving in a downtrend momentum. But the wide green candle with high volume crossing up 20SMA, and trading above EGOP, gives…

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Good morning, Pete,

Market BIAS: Bullish, momentum sideways.

Long #ALAB

TECHNOLOGY| Semiconductors |Industry Group weak last 5-days but recovering yesterday to positive performance.

Mechanical Setup with Validated High volume.

50SMA trending upward.

It seems moving sideways in a trading range. But the wide green candle crossing up 20SMA, and…

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Hi Lynn/Joe,

I traded #TTMI on August 25, based upon the previous day Mechanical Setup at $44.39.

It unfolded very well up to $46.90. And then retraced back significantly.

It rebound, and seems to be fighting with an EGOP as a major Resistance at $47.19.

Even though I´m positive, Should I stay on the trade or exit and look for a better…

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Good morning, Pete,

Market BIAS: Bullish

Long #GE

INDUSTRIALS| Aerospace & Defense |Strong Sector and Industry Group

20 stocks with Minimum Criteria in this same Industry Group are ALL GREEN. Peers #RTX, HWM, BA, LMT, GD with bullish setups also.

Valid Mechanical Setup with High Volume .

50SMA trending upward.

Good Order Flow since April…

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Good morning Pete,

Market BIAS: Bullish

Long #TEL

Stock-Specific Trade

TECHNOLOGY | Electronic Components | Stock in-sinch with XLK, a little better Relative Strength.

9 stocks with Minimum Criteria in this same Industry Group. Peers #FLEX, TTMI also with same setup.

Valid Mechanical Setup with volume slightly above average.

50SMA trending…

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Good morning, Pete,

Market BIAS: Bullish Momentum.

Long #RTX

Stock-Specific Trade

INDUSTRIALS |Aerospace & Defense |Peers #LMT, LHX, LOAR with similar setup; the rest of the group (17) in retracement.

Valid Mechanical Setup with just below average volume.

50SMA trending upward.

Good Order Flow since April 22 Earnings report;…

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