I think QQQ is now below T1, hope to get your view on this based on latest price actions or analysis. Thanks much!

I know it’s sooo frustrating the way the Soxx index is holding up, despite so many negatives in geo-politics, etc etc but it’s just a matter of time and I trust Randy’s analysis

patience is a virtue! a nice pullback in SOXX today..

Thx again for the suggestion. I’ll shoot you a PM with the setup I went with (you should get a notification at upper right corner of site and/or email, LMK if you don’t). Would love any other suggestions or configuration tips.

@randy You’re welcome.

I can throw together a simple working prototype software/scripts on Github. You’d need a virtual audio device (e.g., VB-Cable or VoiceMeeter on Windows) to duplicate your mic input: one feed goes to Camtasia as normal, the other gets captured by a small script (Python + sounddevice/pyaudio) that chunks it and feeds it to Whisper.

FWIW it doesn’t take a huge GPU to run Whisper and it even has a fallback to CPU (though that’s super sluggish as you would expect).

an 8GB card (RTX 3060 12GB, RTX 4060, or even a used RTX 2070/3070) comfortably runs faster-whisper with the medium or even large-v3 (int8) model with headroom for streaming buffers. If you want something lighter/cheaper, a 6GB card handles small/medium fine and will still give solid accuracy for near-real-time captions.

faster-whisper supports streaming-style incremental transcription reasonably well; whisper.cpp is another lightweight option if you want to avoid Python/CUDA setup entirely.

Thx for the suggestion! Looking into Whisper now. Will LYK if/how it works out.

If so & if you plan to play it that way, the top of that flag (would help to see a little more downside, including a whipsaw break below & recovery back above my T1 target/support on the QQQ 60m chart, as that would provide the typical bull flag shape of a downward price channel).

As of now, we have, or had, a symmetrical triangle pattern that I highlighted on the QQQ daily chart, which recently broke down & backtested from below, so that could have been viewed as a bullish pennant continuation pattern (close cousin of the bull flag continuation pattern). However, the downside breakout, backtest, & rejection nullified that potential bullish pennant.

Regardless, as I’ve stated in recent videos, a breakout above the downtrend line off the highs, which is the downtrend that defined that pennant and/or the potential bull flag that you mentioned, would be a bullish technical event until & unless that breakout clearly fails.

As such, you can use that as a buy signal with a stop somewhat below the trendline (i.e- if the breakout fails), if you think that the breakout will stick & the rally will hit the measured target (i.e.- the lenght of the flagpole added to the *lowest point of the bull flag just before the breakout, again, assuming we get a lower low soon to form a proper flag). Here’s an example of a bullish pennant.

*my preference on a bull flag, as some will add the flagpole length to the flag breakout level for the measured target.

@randy IIRC your process is to record the entire video, then use an AI LLM to create the summaries and upload to YouTube which adds the long delay of YouTube processing + AI LLM transcription.

If you run your own Whisper speech-to-text and text-to-speech model locally you could send your microphone input stream to your own Whisper model at the same time you’re recording the video and this would provide near real-time transcription.

Your feedback (and support of the site) is very much appreciated!

I even find these summaries quite useful myself. I can revisit the video recaps & weekly summaries for current or potential (pending) setups & developments, which in the past might have dropped off my radar (hence, a missed opportunity; LMT highlighted in today’s video was an example of that as was the recent PGR long trade, where I should have just tightened up stops when T1 was hit, trailed those stops up & let it run to my initial T3, vs. closing the trade earlier at T1 & leaving that extra meat on the bone).

I’ll also be able to look back & see which trade ideas or market developments didn’t pan out & maybe be able to see what I missed, to not make that same mistake again.

Hindsight is 20/20, but the key to success in trading & investing is to learn from our mistakes, not repeat them. Thx again for your feedback!