It is the biggest scam in the stock market with oil. It was plunged to negative at one point years ago and now through the roof. Blown totally out of proportion. The stories that were told, "clean energy will replace oil"  And now it is "nowhere to be found and we don't have enough" ..what a joke 

JPM biggest one day move since March 2020, almost 5%. XLF catching a good bid too, almost 4% right now. Not insignificant to the big picture.  LABU up in 14s% today, sold a few and trailing. SCO still working and going higher atm on my other half. Protect, monitor, and adjust. 

Thanks, figured no way they can really regulate it with all their friends having money in the game. Time to stop allowing the congress and senators to trade while we are at it   

At what point is CPI baked in, guess we will find out soon enough. If they want to keep trading, I can trade. If not, show me a gap fill at 4,328 and get above this trendline. Ready either way

Crypto (Bitcoin), anyone have an idea of why this powerful move today back over the 50 day other than possible Russia money flowing into it still? Almost 10% currently. Still rangebound unless it clears 45k on longer term I know

SPX just put in a 100 point bounce from yesterday's close into supply where it stalled yesterday, trailing with a bit of room here on the rest. On the road at the moment, no access to show charts

SPX currently looks like a big reverse h&s pattern. Obviously has work to do, though holding 4,220s multiple times could be constructive. Not taking anything for granted obviously, these are long days. Just thinking there is so much negativity here and everyone is automatically expecting new lows. 

TSLA back above its 200 day ma now, looks like a big reverse H&S pattern. 

JOBY right at the 50 day here if the market can hold up, a lot of pent up energy. Morgan Stanley, traditionally bears has a $16 target on it reiterated after the most recent conference. The CEO bought big at $6.56 and CFO. 

SCO, took an 18% profit on half my position..going to fill up my gas tank now 

Great newsletter Matt, Thanks to you and Steve for your work in navigating this market. I have someone else coming for membership to you that is learning to trade. 

ugly to say the least. I'll be more interested if we can see that gap area 4,020-34 or lower. I'm 85% cash in my trading account at the moment.

Both

I've discussed this in the past, though I believe at some point we will see all the broker sites lock up and investors have no access. This will cause a panic as the sites will be down for the better part of a day or days. No idea of the timing, though I think the "wonky" performance of some of the sites is just the beginning. Especially now that a lot of firms downsized, you can't even call in and get customer service. It will be very long wait times. Remember I talked about this, we will see it happen at some point. 

Time to short oil, the scam is near up, SCO is an instrument for it. I'm in at $5

the 9/13 ema coincide nicely with the first gap area 4,320s

We just cleared it, now SUPPORT    Only the close matters though and news is impossible to game. 

SPX reverse head and shoulders pattern here now it appears. Some targets above are 4,328.87 and 4,363.49 gaps to start, I bought pretty close to support today 4,175:
https://schrts.co/mXdGJItv 

SPX with 4,306 gap closing and 4,280s holding, objective long set up here with 4,363 gap fill target above. Buy support , sell supply zones

I was wondering where we are now on the inversion. Looking forward to the update. Really good video here from Ray Dalio on the Principles for Dealing with the Changing World Order. Really well done: https://www.youtube.com/watch?v=xguam0TKMw8&t=2330s