Awesome, thanks!

Matt do you have a link to this chart from yesterday, slide 21? I really like it for keeping the bigger picture in mind

I didn't listen, did he say anything new? 

Any TICK pivots kicking in, maybe a little oversold here short term?

Maybe something like this 

$MARA gap to gap would take it to $15+ before... 

Already -10% since they pre released a few weeks ago, I figured they're setting it up for a spike 

Some interesting bungees, music and donuts $SONO $DNUT 

Kinda simple :)

Best of luck with your mom, Steve 

$NAHL symmetry move and nearing 13 EMA cross... not sure what to make of it -- a multi-year bottom is in, with months of chop first? 

Holding on short SPX as long as this holds 

Totally agree, China's setting up a moonshot

It turned my whole year around to find my own answers to those same questions -- I've learned I'm long biased so every chart looks like its going up even the ones that are just the inverse of whatever I'm looking at lol.  I use Matt's $NAHL indicator and add that COMPQ has to close > 0 three days in a row AND SPX has to close > 200 DMA. That's my checklist. Until/unless that happens, its the "bear market playbook" for me:

1) Look primarily for mean reversion trades instead of trend following (like the  systems do)

2) Take profits aggressively instead of letting things run

3) Keep a large cash position and stay hedged/market neutral most of the time.

Also I chose 3 days in a row bc Matt has mentioned it can close > 0 1-2 days in a row during a bear market, so 3 should be more meaningful -- its also not a buy signal, just a mindset change for me, the bull market playbook is basically the opposite of the bear. 

Would be really interesting to hear what strategies are working for other others right now. 

Kyle Bass on cnbc ftw 

How does the table on Chart 5 get updated? Is it an excel table that gets updated EOD? I like the format and was thinking it would be nice to monitor during the day 

I'm surprised there wasn't any positive PR from the Xi meeting... maybe like with WHO its just dumping to set up a more favorable meeting later on. 

The ratio underperforming is bad for XLE?   Earnings coming up

I think the idea is when Powell pivoted to 75bps and hawkish rhetoric, he gained "credibility" and the market no longer feared the 1970's-style situation you described, so it ripped higher.  THEN he could pivot dovish (lol) like today, with the market ripping even higher.  It makes sense if you think (as Powell does) that easing supply chains, commodity prices topping, end of war in Ukraine and a garden variety recession are enough to stamp out enough inflation to at least take the hyperinflation narrative off the table for now.  Some inflation can stick around without causing too much harm.  

My own 2 cents, inflation is not as easy to predict or understand as the Fintwit echo chamber would have you believe.  The actual depth of the recession we're getting into, whether the US consumer can pay for things like food and housing going forward, and whether inflation starts and stops regardless of what the Fed does -- no one knows that stuff right now, the data has to reveal that over time.  

This kinda looks bearish? Not sure