C - banks getting beaten up lately. Citigroup is at descending channel support on the daily.

Love what you guys can do with StockCharts charts!

Seeking comments on what? The laddering strategy to build a position? Your entries? Your profits? What are you looking for?

Thank you!

XBI needs to move, or our short-term relationship will have to end. XBI seems afraid of commitment.   

Matt, in last night's newsletter (I'm running a bit behind) you mentioned tax consequences for DBC. I assume that's something similar to GLD or SLV. Anyway, does DBA have those same tax consequences, too?  I haven't gotten any tax document for either - yet.

Cool charts, Matt!

Is the Fed talking today? Huge spike in VIX and VXX.

I find that if someone posts while I'm working on my post, mine often won't go through. My workaround is to copy my text comments before posting. If it fails I just paste and post again.

Just sharing my observation about its historical behavior for the last two years. Doesn't mean it will do that tomorrow. I'm just looking at the "pop" days. Going back two years on a daily I see seven very large pops. Today's is by far the largest. Just look at the next day after each pop. Mind you - I won't short this. Way too risky for me. But the history shows a significant pullback the day after a huge pop.

When I look at MXC daily history I'd be lining up a short on these pop days. Seems to open a lot lower  the next day. Dangerous game though.

Still in freefall but I've had my eye on it. Looking for gap fill and maybe even a test of the 200 EMA (green). May not get it but I'm trying to be patient (ha).

ETHE

Anyone have a list of bear ETFs for crypto? I've seen several articles in the last 6 months about trying to get approval for them. Haven't seen any yet though.

Thankfully (total sarcasm), my TOS platform has decided to "protect" me by not allowing shorts on crypto - at least the few I tried. I get to be a spectator. Go get 'em!

CORN - not saying it's a BUY here. Just saying it had a nice pullback today. Same for WEAT though it's still very extended.

WMT - testing 200 SMA from below.

With market caps larger than GS we can certainly add WFC and MS to this list. MS is flat breaking down. WFC is coming up on a trendline test from June, 2022, and is testing the 200 SMA today.

That was the source for the info in my post.

Fertilizer - I've seen potash/fertilizer posts in the room the past several days. I knew Ukraine had something to do with it. Perhaps someone posted an article I didn't see because I'm in and out all day for work. Finally did a few searches and found that between Ukraine, Russia, China and Belarus, they produce 2/3 the global supply of the raw materials for fertilizer. I'm sure we can all figure out the potential impact on global food supplies if those materials were suddenly unavailable.