I knew that was a blow off top, asked wifey in Japan to convert all USD to JPY, 158

Getting destroyed after hours.....it's tough trading whilst in Hawaii, I just can't do that 3AM thing anymore.    

LOL "FURU"

where you at cousin

Have a great weekend guys, I closed on a $65000 PV and whole house battery backup project, design and takeoffs today, start tomorrow.

Late to the party, but watching the Yen, Steve, is that an leading diagonal, and if so, what makes it so, and what would have negated it. 

I posit that the global community is punishing Japan for not pursuing "their" economic policy, but I am a conspiracy theorist (3 weeks short of conspiracy fact)

Its hard to imagine that any retail is doing stelllar???   Am I missing something??

EUR /USD

Why am I struggling to find a ticker for US Dollar futures to use on thinkorswim?   Charts are Cable

One point he makes in support of his deflation call, is that he expects USA to eventually pay down the national debt.    I find nothing to indicate that, that will ever happen.

Indeed, and anyone calling a market top in the face of bat shit crazy spending and inflation, is, I think, on shaky grounds.

Volume on RETL is scary low.   Those are the ones that whipsaw me

Mahalo!  Printed to ponder on Monday

LOL I took an additional 700 shares SPY long, and then realized I meant to get just 70 shares,    Was able to sell off desired quantity at minor profit, LOL 

Watch those fat fingers!

ES 2 PC move overnight, I knew there was "news" when I saw this, figured it was Israel bombing Iran.....Silver also made a huge move up, Gold not as much.

So the depth of the cup is around 900 points, would that be a good expected move, or what other factors to consider?   Thanks!

SPX is at 34 RSI14 Daily, it has popped off this point in last 12 months, but we have OPEX so we shall see

RSG has worked off it's RSI14Daily overbought, and could benefit from a pop in the SPX methinks

Also noted in the last several years the explosion of Paper Precious Metal, like 400% growth.   "They" use these to limit to price of physical metals, and I have assumed for quite a while, that at some point they will lose control, and then gold could see $5000 and silver to $45 or $50 and that is just the near time, and then as always a blow off top and then a mutli-year correction.   What sayeth y'all?

Schwab is buying out TD Ameritrade, and so Thinkorswim is changing hands yet again, I hope they don't gut it as being a too powerful tool for the plebs to use.

Matt or Steve, your thoughts.... is this a legitimate wedge and should we expect a MACD divergence to increase our confidence, or lack of MACD-D would negate the wedge?

I had AI clarify some OPEX ideas,

Options expiration (OPEX) can indeed introduce increased volatility and trading activity in the stock market, particularly in the options market. Here are some general observations and truths about OPEX:

1. Increased Volatility: OPEX tends to coincide with higher levels of volatility in the market. This is because options traders often adjust or close out their positions before expiration, leading to increased buying or selling activity, which can impact stock prices.

2. Option Pinning: Option pinning refers to the tendency of stock prices to gravitate towards strike prices with high open interest as expiration approaches. This can result in the stock price being "pinned" close to these strike prices, leading to predictable movements.

3. Higher Trading Volume: OPEX days typically see higher-than-average trading volumes as traders close out or roll over their options positions. This increased trading activity can further contribute to volatility in the market.

4. Delta Hedging: Market makers and institutional traders often engage in delta hedging strategies around OPEX to manage their exposure to options positions. This can lead to additional buying or selling pressure on the underlying stocks, affecting their prices.

5. Rolling Options: Many traders roll their options positions forward by closing out expiring contracts and opening new ones with later expiration dates. This rolling activity can influence short-term price movements as traders adjust their positions.

6. Price Reversion: Some traders anticipate price reversals or adjustments after OPEX as the market absorbs the expiration-related trading activity. This can lead to short-term trading opportunities based on the expectation of price reversion.

7. Earnings Impact: OPEX coinciding with earnings releases can amplify volatility. Traders may use options strategies to capitalize on or hedge against potential earnings-related price movements, adding another layer of complexity to OPEX trading.