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.

Milton Berg is always worth a listen he has a unique process like bpt. 

https://youtu.be/-HmGhnIhxaU?si=gEM4Z1B-AOzSgklz

Thursday Newsletter

Just hit the buy stop / short cover 2 days ago. We're in whipsaw territory.

If I would have taken both trades the minute they triggered, it would have been a break even trade. That doesn't suck, but the mean reversion systems clearly perform better at times like these. 

$MES gap filled, proceed downwards please.....

like a magnet   right to 400

What does the Gov do if the economy gets squirrely now when they've already been spending like it's a great depression and world war combined? I'm scared to ask.  I'm afraid the answer is that we'll just be blown away by their ability to spend even more and inflate their way out of it, at least until mid November. 

Yes META gap near 400 

ES 5070 then 5060/56 support zone 

   - FBL more like FML

SPXU - Chart Link- that pullback was looking like a bull flag, same with SQQQ, so was favoring a pop again, and of course META is catalyst

FNGD - Chart Link- inverse FNGD pulled back to test the base - logical area to bounce

thankfully the KISS system exited META 3 days ago from a profit

https://breakpointtrades.com/ts/view_chart.php?s=META&g=BPT_basket 

If they are questioning META valuations with that report, MSFT bulls should be sweating bullets. META is valued much more reasonably.

META and IBM were trading at similar multiples going into the print today. Go figure. That tells me IBM has room to get DESTROYED.  But it's just one day and market is in a mood to make people who were beginning to believe they were geniuses look dumb (just look at TSLA today).  The script on META TSLA could easily flip tomorrow....or not. I don't see TSLA trading a lot higher and Meta trading a lot lower...but I could definitely see the reverse of that happening (in the medium term). Meta has valuation support compared to much of the other names in the MAG whatever it is now (4?)

Haha. Twitter was full of this stuff all day today in the lead up. 

Def a knock-out..lol  Now -15%

They took them out for 6.4B, I was hoping north of 7.5B. That works out to $33 and change. Took a flyer on the 35 calls...oh well

chart leading indicator.