$CPE -25% today, nearing lower bands... What a difference a couple days makes!

Reopen stocks weak today, monkeypox catalyst Thursday https://www.newsweek.com/who-monkeypox-meeting-emergency-international-concern-pheic-1717673

$VVIX > 110. Is "superloaded" a thing? 

I mean they addressed the issue by saying 2 50's and then see what happens when supply chains ease and war ends (eventually).  They can't have enough data to backtrack on "wait and see" before the waiting and seeing lol. 

I was bullish when thinking about event volatility and OPEX and all that, but if they do 75bps (and assuming its not a pull forward and pause)  that seems like a panic move -- shouldn't that lead to a panic reaction by the market? 

I don't understand the theory of 75 bps being bullish AT ALL -- but I've seen that a lot on Fintwit the last few days as well.

Hes a joke in most circles, its worth looking up his calls over time to see whether you want to take him literally

It would be funny if eventually the narrative changes to needing loose monetary policy to catch up to China -- can't let them keep all those corporate profits for themselves!

Maybe SOX would make sense for the system mix, especially in a bear market with their high beta and volatility. 

Matt were you saying if the Fed pivots, that would strengthen the case for all time high prices and a continuation of the bull market?  Or would a pivot just lead to the kind of wave 5 we were looking for initially before prices retrace the whole bull market, possibly to low 2000's over time?  

I actually think we get disinflation soon (a few months) and a pivot not too far behind (before midterms), but would the pivot lead to more sustainable highs, or just more of a short term spike? 

Are the systems more forgiving on IWM? Nice bounce off 9 EMA. SOX similar.

Amazing -- What is this sub system intended to do? Scalp a morning dip, hold until EOD? Longer? Sorry if this was already discussed.

Happy birthday Matt! Thanks for being there through the worst market conditions and for the knowledge you share with us every day .

Looks like Tom Demark made the call to Tom on Fundstrat (not a subscriber but you can see the webinar description)

Is it meaningful that lower quality ARKK (TDOC, PTON) has outperformed higher quality (DDOG/ZS) recently? Today maybe being an exception. 

I thought Pow was getting pretty explicit about how talking about tightening was doing the job of actual tightening , so a couple 50 bps and wait and see is all we get -- anything more is going to require more (worse) data -- that's quite a pivot from the rumblings about 75-100 bps we were starting to hear.   Macro picture changing pretty rapidly too.  Now we can front run the disinflation data and the subsequent actual Powell pivot.  But we also "could" have done that months ago lol.  As you say, one level at a time :)

Oops sorry, thought I remembered one of the stockcharts versions updating in real time

H-L near 0 while QQQ at symmetry

XLE overcooked? 

Hidden bullish divergence SPX 15m? 

ZS RSI divergence off the trend line