??? What was that? Buffett decide to buy? lol

Make that 12 :)

MBOTs Matt's Breakout Trades

All in just scratching out Plan B just in case. TY

1. Any updates on this? Have they rolled during OpEx or is end of Qtr?

2. Thanks so much for AZ  3. Thoughts on Iran breaking ceasefire agreement with sleeper cell activity - black swan? How would you hedge? 

TY again!

Powell could screw up a one car parade! Literally went down the hall for 10 minutes: +180 to -100 just based on his "I'm going to screw the administration and wait and wait and wait until something breaks" Standard FED - always too late both ways! Haven't been in any of recent trades but congrats to you all - ridiculously impressive. 

Watch out for this news... reports out there that US State Dept authorizes departure of staff in Middle East (Iraq

Yes, I wish he would actually put his opinions and expertise to work and help Bessent instead of just criticizing. Armchair QBs are a dime a dozen. After a decade of Grandma Yellen and Partisan Powell, it's disgusting how much our powers at large battle with each other rather than collaborate to fix things. I wish GOP had brought Newt out of retirement as speaker, actually to accomplish something. Rant over -- just wish our brilliant private sector minds could work together.

Looks like someone knew what was coming this morning! But this tariff bs is getting old. 

VIX expiration this morning or at the close?

This selling delayed response to downgrade news? yesterday seemed like the PP Team was working hard to support and squeeze. Today ES has been heavy from the start and coming into your zones. BTW is NIXX still on your radar? Thanks

Very nice execution of plunge protection team this morning. But is AAPL a tell?

Yes - absolutely! I miss Wall Street Week and Marty Zweig. Please don't take me wrong - not bitching - just trying to nail down 'my plan' and tools to use. I don't follow any other website but was talking about all those on CNBC calling for depression lows by this summer last week and then today all jolly after Monday's move now projecting 6400+. Same person....only 5 days apart. Funny thing he may be right in both directions but his inconsistency seems to indicate making EW to fit/justify  narrative. I tried several times to learn EW but still don't get it...so I am here...following you :) Thanks, again! Truly appreciate you both for all your dedication. 

Educational question for tonight's newsletter... Literally every decent trader was calling for elliott waves projecting down below 4000 after a 'bear market bounce'/lower high/etc AND now with US10Y 4.50  looking to breakout higher...here we are ready to challenge ATH by OpEx this Friday. Once again Tom Lee has been proven correct and in less than 90 days from the bottom. Steve always preaches following price action and I have - but actually starting selling into yesterday's and today's squeeze so I'm mostly happy not sour grapes. My question is EW just sounds so right and wouldn't have so many followers if it sucked. But these overnight flips from 'expecting much lower lows' to now 'projecting new ATHs' with counts to 6400-6800 just seems like bordering on ridiculously horrible and totally confusing TA. Similar to all the perma bears who watch a 10,000 rally while calling for a depression all the way...and then get CNBC face time when market corrects 1,000 points. Finally, I get to my question. IF you had to teach a third grader (or in my case a demented ole fart) just a tried and true system - what would you suggest? BPT Paint Dry? 8/13 MAs? Above/Below the 50? I have deleted every indication off my charts and quit using 5-10mins and just using the 9/21/50 and a MACD type ribbon on the daily. Appreciate your wisdom and this site -- and patience to put up with stupid questions like this. Thanks!

Be careful. $8.50 puts expiring tomorrow still trading at 0.20ish. 

Another PM dump? ???

Does a dump like that take on an impulsive type move? or corrective? Strange to get a large outflow on the 1st of month...usually bullish first 4-6 days. Although I think Steve posted something about May starting out poorly. 

YES please

On the 5 min - what MAs are you using? I want to declutter all these damn indicators and just trade the 3/8/21 or whatever. More analysis paralysis...

Largest sell program we've seen since early last week. And still not through.