Hello Everyone,

Here's a link to Tonight's Newsletter.

A Rip your face off rally today with the S&P 500 gaining +2.9% or 185 points! The QQQ gained 3.5%, Dow Jones +2.5% or 1125 points (and bounced perfectly off the 45,000 support I pointed out), and IWM +3.5%

In last night's email I stated the following:
"However we are starting to see some pronounced divergences on the NAMO and NYMO McClellan Oscillators, the VVIX/VIX ratio closed below its lower Bollinger Bands for a 2nd consecutive day, and the VIX closed back inside its upper BB's.  Therefore the market may be in a spot for an oversold bounce"

Last night I pointed out the VVIX/VIX ratio had closed below its lower BB's 2 consecutive days. The VIX closed back inside its upper Bollinger Bands (for a buy signal), and the McClellan Oscillators NYMO and NAMO both exhibited huge positive divergences relative to the lower low on the indexes.  Finally, HYG 60 min had a higher low vs a lower low on the SPX -all evidence to suggest a bounce, then today we get the news catalyst on Iran.

Crude Oil dropped as did a lot of energy stocks, ERY bounced. 

Nice rally in precious metals: Gold, Silver, Platinum, Palladium - which I also favored for a rally. I really like SPPP ETF, which is 50% Platinum and Palladium

I also like MOO, Matt's Macro 

- News: Iran Conflict front and center; other: Monday: Powell speaks on Monday at 10:30 am, S&P Case Shiller, Tuesday, Chicago PMI, Fed Gov Michael Barr and Michelle Bowman speak. Wed; other Fed governors speak, ISM MFG.  Thur; Initial Jobless Claims, Friday; Monthly Jobs Report

Let's review the charts 

Matt