XLP heck of a move over the last weeks, locking some down near the 200 day here and will trail remainder : https://schrts.co/UsSFhYBQ 

XLP update $66s to $72s now. Always the one to buy on meltdowns, I've done it for many years and will continue to. Most stable businesses in the world. Consumer staples. 

SPX Gaps- Today's low was 3,808.26. Yesterday close was 3,807.30, there is officially a gap there technically still open. Also the gap at 3,797.31 never filled in the cash market trading, still open. Other downside gap is 3,583.07.

On the upside, the gap at 4,110 area is the first in sight. 

3,797 fills a gap, only one after that is 3,583, the main one that concerns me if Oz let it drop at some point. No idea on timing, I think pressure to the upside is more likely in a range for a bit as you pointed out in the newsletter. 

I logged out and back in, still not seeing anything. Thanks

Thanks Steve, Are you referring to the question from yesterday morning? I don't see anything in my inbox. I got your reply from the one a week ago. 

Where do I send a question I have? I have tried the contact form on the website in the past, posting it on the blog here, and also inboxing, though haven't heard back. This is the third time I've experienced this and have been a member for over two years. Thank you

It wasn't an emotional question for me. Just asking if you are open minded with price speaking? 

I'm having a great day and not even near the market. My allocation and positions all planned in advance and acted upon accordingly. 

I also posted when we had the 3,500 reversal to be open that it was possibly the lows for the year.

You open minded to the lows being in for 2022 yet? 

XLP now gone from $66s to $71 so far. I've posted about it, anytime it is majorly down, always a great purchase. Best businesses in the world, consumer staples. Coca Cola had great numbers today. Procter and Gamble continues to do well and increased its dividend again. No earnings strike here at all. Decent dividend as well for safer companies. Will continue to trail here and trim at major spots. 

Best time to buy actually and more shareholder friendly than buying in up markets. One thing that continues to bother me is the JPM isn't planning on doing any more buybacks until 2023. But then again, they do have other priorities with keeping funds allocated for potential loan losses. Priorities. 

Very helpful, thanks Matt

SPX You'll see higher and higher price targets come until suddenly it will just have a bad day out of nowhere, then the debate will begin again. Staying with my plan and avoiding the noise. Specialize, execute, and enjoying the day. 

SPX If MSFT, GOOGL, and AAPL have no disaster, bears are in big trouble over time into year end. The promises of earnings revisions and big misses just aren't there at the moment. 

AGG up nicely too, good timing for me as yesterday as I got my allocation on the close. 

The lines all mean something until the market message, news, or whatever changes. Targets are certainly there, but nobody knows if it will play out, when, in a straight line, or not, etc. That's why I prefer to follow the system as instructed. The debate goes away and I get to go back to my life. I agree the bearishness has however gotten pretty extreme over the past weeks and it would be more than reasonable to see 3,800-3,900, even up to 4,110 into year end. 

That being said, there is a gap below at 3,583 that bothers me. I have no idea what Oz will do, so I'm operating as a robot and following the system for trading right now. My long term stuff is much different, I have a lot of my longs from the corona crash, so all good. Otherwise, buy some T Bills, and done.. Keeping a good bit of powder dry in case we get new lows at some point/capitulation type conditions. Takes patience right now but it is worth it. Patience has always paid me, no rush right now. 

The FundamentalValues short indicator says the market is likely to rally into year end now since I have a small hedge on. Sorry or your welcome in advance   

T Bill recent auction results 10/24/22:

13 week rate: 4.097%

26 week rate: 4.552%