Weekend Update: Keeping It Simple

 

Housekeeping

Remember that current updates for all three services, Standard, Premium and PRO, can be accessed in real time under the password protected tab,"Subscriber Alerts," on the website. Each leave of service has their own entry portal. We are working hard to improve email delivery times, but they still are not as fast as the website posted updates. 

Stock Market

We have been following this chart of the Nasdaq 100 ever since it fell below its bottom trend line of its trend regression channel on May 7th. That turned the intermediate term trend to down and it has continued lower, with only one very short-term counter trend for 3 days between May 14-16. The news keeps getting worse (tariffs, trade wars, impeachment, and of course, Golden retriever named Mueller is mayor of Southern California town), while the intermediate term trend is down and the trading system is generating a slew of new sell signals. The path of least resistance.....

Bitcoin/GBTC 

GBTC hit $12.58 on Thursday before backing off to about $11 at Friday's close. The bottom of the trend channel remains about $8.75 and our stop is slightly below there at $8.50 

Trade Performance Tables 

The tables below are listed in order of performance, with the new PRO service just knocking it out of the park. From a PRO member email received on Friday: 

"This is week two and I have closed out over  $10,000 in profits."  

...and that was before the Dow dropped 350 points on the day. We will still offer 50% off of the first month of PRO for anyone who wishes to upgrade. Email us your upgrade request and we'll take care of the adjustments to your account: 

service@bluelinetradingsystem.com. 

 

BLUE LINE PRO

 

BLUE LINE PREMIUM

 

BLUE LINE STANDARD