Crazy, but just to be clear that 17.1% is a YEAR OVER YEAR comparison to the 4 week period ending February 19, 2022...NOT a 17.1% increase from mid-January 2023 to mid-February 2023 as some may read it.  Still hits the consumer hard. 

Thanks for all your work on these systems, Matt.  

For what it's worth,  I would prefer one clear and concise message just after the close (when a system takes a trade or closes one out)...rather than a series of email notices or postings that give a heads up of a "possible trade" coming.  Seems reasonable knowing the ETF's trade for several hours after the close.  

Doing it that way puts the responsibility on each subscriber to check in at 4:00pm, and limits the amount of comments you feel compelled to respond to. Today in particular I found the system trade comments in the trading community quite a distraction (all for nought, I might add). A lot of unnecessary back and forth as it turned out.

KALA: How much room is too much room??

Like a few others, I too got in and out of Kala for a $2.00/share gain  earlier today.  Volatility was insane on the 5 minute chart.  Rode it up to mid $18's before it dropped briefly like a stone stopping me out at $18.15.  Gave it what I thought was enough room ($0.50 spread when it seemed soon to correct from $18.65) but it wasn't sufficient.   Watched it pause then rocket another $3.00 higher before tailing off.

Movement like that is indeed rare.  Wondering if Matt or Steve can provide some guidance on how to trade high intraday volatility.  Even viewing the 5 minute chart I felt I couldn't keep up.  Does it come down to instincts (greed and fear) or can the technicals help?  Made $$$ so I'm pleased, but can't help but feel I could have done better managing the position.

Thanks, Steve.  Last Friday I caught a $2.00 gain in the blink of an eye using 5 minute candles.  Thinking of using the same given the likely volatility if/when this stock moves again. Does that make sense? 

Matt: Are you still monitoring KALA?

Or has it drifted lower for too long to be considered a light volume pullback likely to pop again?

Caught it using the 5 minute chart.  $2.00/share gain and out in less than 5 minutes.  Probably left some on the table, but I'm pleased.  wicked volatility.

Goldman Sachs just reported.

Earnings of $3.32/share vs $5.48/share "expected".  

Reported at 6.5% YOY (0.1% lower than last month).  That used to be a recipe for disaster.  now it's seen as good news; crazy. 

Cost of living continues to be unaffordable for many.  Prices would have to drop (not increase at a slower rate) to actually make a difference.  That requires a negative YOY number, which is not in the cards anytime soon.

I know one size does not fit all,...but generally speaking and given the current bear market backdrop (big picture),  would I be right in thinking it is wiser to wait for a stock to break out of a bullish pattern/cross a trend line rather than buy it early (within the pattern) with a tight stop?  

Matt, What shorter timeframe are you using for a possible en try on GETY?

I agree but wasn't last Thursday's candle essentially the same as today's candle?  In which case, traders should have been out then.

It's not just the government.  Majority of businesses are just as bad these days.  No quality control or accountability.  

Paid a premium one Saturday to FedEx to deliver a package with time sensitive docs 1st thing Monday morning (east coast to west coast). Package delivered the following Thursday.  Money refunded but delay created problems.  Purchased a lawn mower online.  Unpacked and broken on delivery. Returned and replacement shipped next week; that mower was broken as well.  Returned for full refund.  Purchased different brand from Home Depot; that had to be shipped back as well.  Replacement finally worked.  

According to CNBC, Dow Jones estimate was for 275,000.  Market is so fickle that could make a difference in the reaction (miss vs beat). 

When at first you don't succeed...

https://www.cnbc.com/2022/09/27/cathie-woods-new-fund-gives-small-investors-access-to-the-vc-market-for-just-500.html 

4.22% expense ratio.

Been through it twice.  It's tough, hang in there, Matt.   All the best to you and your family.

Hard to believe food prices are about to break lower, but thats what the chart says. 

Concise, to the point newsletter last night.  Thank you, Steve.

For some reason, years ago "Wall Street" shifted from reactive mode to proactive mode (trying to predict the future).  That meant a move away from trading based upon steps the Fed actually takes to a model that transacts based upon "expectations".   Similarly, analysts no longer evaluate company performance based upon a trend in earnings (actual v actual), but rather, compare actual earnings to expectations.  The problem is, Wall Street is anything but prescient.

Would like to buy ADPN using a stop limit order.  Any suggestions on where to place my stop (buy) price?  Breaking the wedge or some horizontal resistance?  Wedge is steep - it's hard to find the breakout.

India is ratcheting up nuclear:

https://www.bloomberg.com/news/articles/2022-08-23/modi-s-nuclear-power-push-gains-traction-with-new-plants-on-way