Did manage to sell rest of SQQQ at 40.09 on last rally up . Good evening. 

After reading Schaeffer's update about last 3 meetings and sharp sell offs, I decided to buy a few SQQQ shares at 39.98.  Took a profit on half 40.30.  Put calls lower at .83 today! 

While I continue to build a bullish case, there is still one thing that could knock the market off its current course. An immediate risk for bulls is this week’s FOMC meeting, as the last three meetings acted as catalysts for sharp, short-term selloffs.  SCHAEFFERS Reasearch   

With the Fed in focus mid-week and the potential for a market reaction similar to those that occurred after the three previous meetings, keep tabs on important levels of potential support. A first line of potential defense for bulls is the 3,940-3,970 area, as 3,940 will be the site of the trendline that connected the lower highs in 2022 on FOMC day, in addition to the popular 50-day moving average. Meanwhile, 3,970 is the close prior to last Monday’s breakout above that major trendline.

Bought UNG 9.02 and sold most at 9.20.

Took a small swing BIDU short at 142.12 after looking at the chart and also action of FXI so extended. I always take some of short off quickly and did so 141.25.  Closed rest of short 141.31

Very nice look at BIDU  

Looked at NINE daily and has a potential head and shoulders starting to set up . Working on right shoulder but lots of work yet  

Another relatively low put call at. 81 even after the early sell off. Will be interesting to see $CPCE tonight

Junkie I got lucky covered most of CX 5.25 just now.

Junkie thanks again for CX 

Another question about the type of candle on CX is it a spinning top of concern? Thanks 

What about ROC   MFI and MACD Histogram? I do appreciate you taking the time. RSI is too the moon. The stock seems to be following EWW  and it had a BIG RED candle on Friday. Thanks again.  

Larry Williams for the few followers here was quoted by Cramer after picking uptrend well says the Thoroughbred horses like TECH likely will give up leadership. It will be Dow type stocks will continue to do well.  

$CPCE closed .51 on FRIDAY   It has not been this low since August of this year. Even 5 day moving average is .63 very low too.

CX was a great breakout to new highs but now RSI extended and 4 simple moving averages look toppy and massive volume on  Friday.  Thoughts please. 

TSLA was about 316 after stock split down to almost 100. Do you think the bears did OK? 

John Murphy on Stockcharts is encouraged by the market action.  It is available by members of stockcharts. 

Covered my RIVN short at 20.00 I have an update that John Murphy posted on Stockcharts if anyone is interested.

Covered my RIVN short at 20.00 I have an update that John Murphy posted on Stockcharts if anyone is interested.

Fade on RIVN which I shorted a little above 21.00