Hi Steve, can you explain how there can be a fresh demand zone in a price range that hasn't been touched in 4 months?

What is the translation from NQ to $NDX?

Not an EW expert by any stretch of the imagination, but isn't that abc of 4 kind of a tight timeframe? I guess you did that because the break of recent lows invalidates this down move as a b of 4?

Let's hope so!

Looks like no man's land for the SPY systems to me - not enough rally to sell, not enough dip to take another entry. But that's just my subjective take on it. 

ANF way outperforming the retail sector. It used to be a short target for me, but I guess I'm a bull right now.

PFIE is another energy stock holding up well. In fact it's up 3% today.

Maybe Costco wasn't selling those transgender swimsuits. 

VIST is the one oil explorer hanging in there. 

VFS completed its round trip back to 10 from a high of 95. I wish I had the guts to buy a boatload of puts up there.

ULBI breakout - up 15%.

I see that APRN was bought by Wonder Group. Does that mean they will include a slice of Wonder bread in every meal they prepare?

Giving the bears the finger?

Thankfully I'm done with NINE. Higher quality small oil service stocks like PUMP, TTI & HLX aren't getting hit nearly as hard (though PTEN took an ugly turn).

Matt - you mentioned that STS doesn't work great for inverse ETFs (even though there are still several on the ETF list) and that it is not ideal for PM stocks either. I'm questioning its usage for VIX related ETFs also. Tending to be contrarian indicators, it seems they are better used in a reversion to mean fashion, such as you have been developing with VIX reversals wrt Bollinger Bands. Can you give us your opinion on that?

Earlier sold parts of ACMR, SMCI & CEIX. Stopped out of the rest of DRV which was maybe a bad idea. Took a number of new STS buys AH yesterday - ADSK, ALB, CAT, KLAC, PCAR - some working, some not yet. Generally better than buying at the open today anyway.

Various observations: DUOL strong breakout after flopping around the last week; JBL & WSM holding their breakouts pretty well; GCT pretty strong rebound after plunging yesterday; beaten down WBA leading the Dow; of my $3 faves, PFIE pulling back with oil while TSHA looking to break out of its recent consolidation. I'm in some but not all of these.

So the real play was buying TBT on the TLT gap up?

I looked this up. I see 50 years ago to today - 4400% gain for S&P 500, 1800% gain for gold, 700% gain for silver. So not even close to equal.

If you bought silver at its peak about 12 years ago, you would be down 50% before inflation.