Can someone explain to me why the "Commercials" are always viewed by the market as being correct, and the "Speculators" not?  Should this really be the holy grail 100% of the time?  Honest question to better understand this report.  Looking for something deeper than that's how the "market" perceives it.

Hope you caught it.  Difficult to take now on a break after yesterday's monster move, and hard to see how you took it yesterday off the daily chart.  Was there a signal on the intraday?? 

Mixed signals?  Interesting that one of Matt's SPY systems (QE BTS Long) took a first position at yesterday's close, but the majority of Steve's trade ideas in last night's newsletter were on the short side.  Unless one day trades (I generally don't), it's tough going right now for investors.   The "trading winds" are constantly shifting direction.  

One would have to have a really cynical view of the world........   

Apparently, snake oil still sells.  How many times does this cycle of insanity have to repeat before traders and investors realize the emperor has no clothes?

Appreciate you taking time to record tonight's newsletter amidst all the chaos at home.  All the best getting your house back in order.

If by chance the solution includes digging a trench and re-directing drainage on the outside of the foundation wall, consider applying a bituthene barrier to the exterior of the foundation wall.  We did this at my office - basement file room went from constant water penetrating the foundation wall to bone dry.   Obviously the ultimate solution is to figure a way to redirect/drain the water.  Good luck. 

Tough situation.  Good luck with the restoration, Matt.

Respectfully disagree.  I find coverage of the individual gold and silver mining charts helpful.  GDX, GLD, and SLV provide the big picture view (much like the major indices do for the general market), but I trade miners (not ETF's) and appreciate Matt/Steve's individual chart analysis.

Matt: How would you play a re-entry off the 60 minute chart?  Above the high of the last tick?

Never quite know whether to take these trades inside the pattern or wait for the breakout.  Perhaps you or Matt can cover the pros and cons of each in an upcoming video.  By the way, about 6-8 months ago and for a period of time, Matt would mention buy points (other than breakpoints) and suggested stops.  That seems to have gone by the wayside.  

Understand that the daily newsletters (videos) have also expanded since then (more charts).  Have you dropped that granular detail due to time constraints?  I for one found them extremely helpful, especially as it frames an answer to my initial question (buy inside the pattern or wait for the breakout).  Thanks.

FPAY question:  I noticed there are 13 upward spikes within the basing pattern.  Each and every time the stock spiked it sold off immediately (same day or next day).  No follow through whatsoever.  Anything to that?  What's the best strategy for trading this?  How can one trade with confidence, especially if not day trading?  Even yesterday's breakout gave it all back before the close.

Are you taking the trade at $10.35 (one cent about yesterday's highs) or when candle breaks out of the wedge??

Congratulations to the proud dad as well as the team.

Matt, 

Would appreciate you reminding everyone that politics should be kept out of the Community Forum.  You set that rule some time ago and have stated it from time to time. That means everyone, no exceptions, right?  I have a very different perspective on life/the world/politics from many who posted comments this morning, but bit my tongue and didn't respond because I understand this forum to be about trading.

It really isn't okay to post comments about "the left", then a few sentences later say: "anyway don't want to get political on the blog".  Today, you and a few others did and some like me are bothered by it...whether people speak up or not.  Thanks.   

Might be an active trader reading, but it's certainly not a reflection of sentiment among long term investors.  I oversee my firm's retirement plan (60 participants).  When the average profit sharing plan/401K plan investor is nervous, I generally get 7 or 8 inquiries from staff asking why the market is lower or comments like "I thought I couldn't lose money; what's going on?"  My canary in the coal mine.  Haven't heard from a single individual yet.  

Thanks for providing audio despite losing your voice and being under the weather.  Appreciate it.  Get better soon.

Certainly an odd candle and bizarre trading day, but it's not a thinly traded stock ($1.2m shares on the day).  How exactly does this possible "manipulation" work?  Rumors just prior to the open that are quickly dispelled?  

Would like to understand how a stock gaps down huge like this at the open, then IMMEDIATELY reverses course to gain 11% on the day.  What series of events creates that reaction?  News after the open?  Just trying to understand and hopefully never get caught in this type of reversal using proper stops.

Seems like it's about $1.00 away from a clean breakout.  Any thoughts on taking the trade here with a tight stop or is it better to place a buy stop limit of something like $10.80-$10.82?  When the pattern is enticing but the last price is far from the breakout, I have trouble deciding which is the better approach.

ZSAN: Sometimes you get lucky.  Had a stop in place and was taken out for a small gain yesterday at $5.15.   Gapped down huge today: https://stockcharts.com/h-sc/ui?s=zsan