Thanks Matt, if things hold up and it triggers, I'll add to my small  short trade and up to a 1st entry size with the system. Just an example of how I personally use the signals. I like hearing how others use them as well. There are times I'll just take them exactly as instructed as well. 

Fed appears to be threading the needle so far with these recent readings. Good reaction so far, guess we shall see. Really wish it wasn't advancing on all these gaps longer term, though will trade what's in front of me as usual. 

I took some short for a trade into the morning premarket strength (resistance area) as there is an open gap now from yesterday's close at 3,957.25. Let's see if I get paid on the hedge or the market further traps those pushing things into the close yesterday, etc. 

WMT earnings beat and raised guidance, stock up near 8% at last glance in the premarket. 

Masterful expectations management in lowering the last quarter. Stock was only down 2-3% I believe for the year going into the numbers. Part of my favorite group, consumer staples. Something to keep in mind if markets would come back down as a good name along with the group. 

Good calls, Matt! You also gave some great ideas on the gold stocks with that theme and some other individual ideas otherwise too that did very well. 

Saw your other post too on the COMPQ, good callout. Steve posted about the put/call too. Here's an image of the put/call, just wow (first attachment). 

Long term RSI as we approach the 200 day is getting overdone here. It isn't to my "I can't believe it got here" level yet (as it was in August), though it is getting my attention. (Higher 60s to low 70s are good reversal levels-second attachment) If it goes up there, that is my "I can't believe it got here" type area for trading. 

Lastly, I'm certainly going to trade each day as its own, though I have to respect that there are two glaring gaps below at 3,748 and 3,583. I don't know the timing on when they fill, though they will most likely fill at some point. First upside gap at 4,110. 

Way to go Digi!

Good call Kobie, I added to my hedge there. The price, party like its $19.99 SPXS

ARKK up another 10%, 25% in two days. 

DIS up another 5% today

Art Cashin of UBS says he thinks the market will ultimately retest the lows and the VIX will go to $20 signaling the end of the current rally.

DIS sold some $89 to $93s. Trailing the remainder. The $89 area was the beginning of a valuation model off a short term oversold. Obviously the market direction helped it as well. The new Wakanda movie debuts today. A solid business for them and I believe the streaming will pay off down the line with the great subscriber growth. All that said, only the stock price matters, just looking for places to get exposure where there are extremes and capitalize. I had sold prior $124s and replaced those shares recently with these. The only individual stock we own as my wife likes to have some. We had Walmart prior too when it melted down, though sold it when it was up a bunch. 

AGG-Following up on this writeup I did. Everything was ripe at that point for getting some exposure (extreme risk/reward opportunity) and it ended up being the bottom for now. In no way could I have known that, though I have had these things happen in the past when making new investments in extreme environments. 

I remember oil years ago and being called a fool for buying when they took it negative a barrel. Then just holding for a long time until we got the big boom this year. That is my kind of investing. Buying the best when nobody wants it, then waiting until everyone wants it to trail my gains over a long period of time. I do it in sectors, indexes, bonds, wherever it makes sense. I've done it for over 20+ years of investing context wise. Certainly no ego as I know I don't run the show, the market makes the rules, I just play by them. But yes, it is exciting to be able to make money to support my family, contribute, and improve. Just like an athlete who scores important points for their team. Nothing wrong with celebrating because there are plenty of days where you wonder if you are doing the right things and pray you are. 

I had an A ball run with the Marlins years ago, talk about humbling. I got blown off the field, running in particular. I was decent at certain levels and for my areas (doubles to power type hitter), but I wasn't an all tool player like some of these guys. 

I do the same with investing, I specialize in the areas that make sense for me and work my plan accordingly. Reviews like this help me a lot to continue to remain diligent, keep an open mind, and stay my course. Thanks for giving me the opportunity to grow here with you all. 

Treasury Direct Update (Reinvestment notifications): If reinvesting any funds, you receive an email when the reinvestment date and amount have been confirmed. The email directs you to your inbox on the Treasury Direct website, which gives you the specific information. 

I have been purchasing shorter term TBills to help with supplementing my Mom's income. The bank was paying her pennies on what small savings she has and it is a significant difference with this change. In addition to the interest income, we add to it each month in helping her out. She receives my Father's social security (he passed some years ago), though it isn't much with sustained rising costs. There is another COLA increase coming for social security as well in the coming year end (Dec 2022), though not payable for most until January of 2023. It says SSI goes into effect Dec 30th. 

https://www.ssa.gov/news/press/releases/2022/#10-2022-2

Gratitude/Happy Veteran's Day: A bit from my journaling this morning as I reflect on the many blessings I wake up with today: 

11/11/2022-It is great to be alive and have another day today. I'm grateful to be here with everyone on the BPT site as we do our best in taking care of our families. I appreciate all of the insights shared here. 

I'm very grateful for and married to my favorite Vet, my wife, who is still serving active duty.  We are preparing for another move in the spring. I'm very thankful for someone who has consistently loved me through many seasons of change. I'm thankful to be able to take care of my family and help others. Recent artwork attached.

Happy Veterans Day to all military, we deeply appreciate you, and your families. 

That could be correct in terms of the pain trade not materializing yet. The timing and debate is what will drain people's energy and time in the meantime. Level to level, risk/reward. I don't need to pick a side. I have no idea and don't pretend to. I'll toss out some best guesses like anyone else based on sentiment, price, and experience during a given day, week, month, etc. 

I think you ask a great question here, what is the definition of Fed pivot? I'll ask Rico and see what he says. Would be helpful in review of the chart. 

I never understood the excitement for metals other than a trading vehicle. Silver has industrial use, gold on the other hand, blah. I think an "unproductive asset" as Buffett has stated is correct. 

Bitcoin another one, isn't needed, does nothing, fiction, hoping someone else wants to pay more for it than the last guy. I group digital real esate, nfts, and all the other land of make believe stuff in that group as well. 

Fed pivot/market performance chart attached. I thought this was a good point Rico made and it isn't being discussed. Market performance after a pivot. Looks like we may open up another gap this morning if this holds as well. Those areas need to be revisited at some point in the future. No idea on timing. 

I still believe the pain trade is to have the lows be in for the year as I've been commenting on since the 3,500 reversal (my bottom end target for 2022). Then in 2023, if this is a bear market, we make new lows again, before starting a new bull market. Rather than guess though, just take it one day and level at a time as usual. My top end of the range target was 4,500 and we have already seen that area this year. 

For sure, bearish at points when risk/reward isn't favorable is one thing... Just being negative everyday is ridiculous and also dangerous for one's health. 

Money making aside, few can live in darkness/ negativity on a daily basis and not have it change them as a person. No amount of ego or money is worth it to me. There are studies around exposure to it and how it affects behavior. Just take a look at what media outlets do. Just terrible. I watch none of it.  All I need is the risk/reward to make my trading/investment decisions. 

Life goes on and the world moves forward. If it doesn't then investing doesn't matter anyway. 

Lastly, I've found in life, if I want unhappiness, just try and live in the future. It causes uncertainty, fear, anxiety, or any combination of emotions that encourage poor decision making and focus on the wrong things. 

Priorities matter. I can only live in the present. If I've planned wisely, that is all I can do. Time is the most valuable of assets and it is limited. A lot to be grateful for today including a very bullish day. Best single day since 2020 for the market. Bulls on parade.

First upside gap at 4,110 aligns perfectly 

Great work! I know could have always bought more, etc. though no fomo. Always other days, great perspective! Been an amazing day and looks like more to come.

SPX We are at a restaurant, I asked for some fried or smoked bear. Bulls on parade haha

XLP sold all into the big move to $73.50. Most of my position was around a $67s avg so not a bad trade. I've learned to just get a good trade and not worry about every penny. Always another day and setup. No fomo ever. Consumer staples are a repeat go to on any major weakness. Always needed and most consistent businesses in the world. Even collected a dividend while waiting.