3309 Drysdale Ct
Edwardsville, IL 62025
Awesome, Stevie! Having Jim Dalton's endorsement is a sign of
Congratulations, Steve! Our middle kid graduates next month. I
guess halfway through is good to celebrate as an optimist!
Happy Birthday, Matt!
Thanks, Steve. Quite possible.
Atlanta Fed # is not reliable. Huge intraquarter revisions point
to a bad model.
With 40% of SP500 quarterlies reported, 'E' is up almost 13% on
average. That and positive ROCs on economic metrics are
constructive. Geopolitical risks may not be. But general
bearishness here is difficult to verify in data.
FYI: TOS says ADMP reports after the close. Can't confirm on
company website & another source says 4/5. No listing on
Not really nothing, but a 50% fluctuation would change their
cost structure less than 5% either way.
Thanks for all of the fundamental ideas last night, Steve. Looks
like BPT members are supporting a few of those today.
For anyone interested, you can get Sept 7.5 BBRG calls for less
than the midpoint quoted.
They raised into a slowdown in 2015, which was a huge mistake.
Now, raising into real growth acceleration is easy. As always, they
lag markets and should get out of interest rate price fixing
Normally, this would point to a potentially strong reversion to
higher volatility, but the 30 & 60 day implieds are sitting at
over a 70% premium to realized. So implieds have a lot of room to
come down in the next 2 months. This mitigates the probabilities of
a strong pullback in the index.
Used cheap calls on this one. If it can clear that 4.50 to 4.80
range, there's almost an abyss above. Gave it plenty of time to
Absolutely. As we've seen many times, this pattern can go on far
longer than expected. Poor structure, quick liquidations, repair
with new highs, rinse and repeat.
Overbought, but not exhaustive. Poor highs set up for repair
It's been a while, but I might be able to track down some
contact info. I wonder if it would be possible to maintain your
nightly chartlist on a non-public basis, just sending a link to
members each night while you do the audio overlay separately.
But I would also like to press them on not taking functionality
from you. What is the technical change being forced on you?
Another thought: I and maybe many others wouldn't subscribe
except for what you and Steve do, so if there's a better
alternative, I would be happy to ditch them.
All BPT members should register this concern with Stockcharts.
I've been up to Seattle and have met them; they're nice guys, but
their charting platform is antiquated. And if they're going
backwards instead of forwards in terms of ease of use, it's even
worse. I think they will pay attention if sufficient numbers
register complaints. Matt, what's the specific change that should
be requested undone?
Funny, Larry McDonald sent out a Bear Traps Report to sell all
miners today. Not that anyone should care about either report apart
from testing their own approach if perhaps too bullish or bearish.
That said, building positions at these levels is a much different
thing than trimming and trailing, so edge to Larry.
Update from Friday's COT: non-comms added to /CL longs, bringing
positioning to 2.23 standard deviations over 1Y mean and 2.69 STD
over 3Y mean.
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