XLC, thanks for covering it Matt. Great comprehensive newsletter. 

I have a low 62 average and have taken two entries in it so far. If we get some kind of big whoosh down in the markets, I will likely make a double entry to complete my position. I have a target amount I'm willing to own. What I'm looking for here is a reversion to mean play as I posted prior. Much like we saw with IYT into its 50 day recently, though given the backdrop I'd be looking for the 9/13 as a start then take it from there. 

Earnings are super important for the market, 2nd attachment shows some of them for this week. One thing I'll say amidst the concerns long term is that earnings have actually been decent overall ex Netflix and a few of the high pe names. When markets selloff and sentiment goes south, it all gets hit though. We saw this on the upside too when sentiment was bullish and everything was going up and many were puzzled as to why. All depends where the focus is. The markets often have a singular focus, it is either good or bad. And the reality is, there is perspective in life and outcomes don't happen overnight. 

So in planning for the week, I'm just wondering if things are getting a bit stretched to the downside now? Coca-Cola just beat this morning: https://www.cnbc.com/2022/04/25/coca-cola-ko-q1-2022-earnings.html   That is staples though and it is known that they have demand and pricing power. The big tech earnings and some others in the list I'm very interested in. The question becomes if we get a rally, at what area is someone willing to get short or hedge their longs? The first area now will be 4,271s the close from Friday as it looks like we are going to have a gap now. That 4,220 area appears to be holding for now that has been an area that has been tested a lot this year. 

That 4,370 area that was a prior low (15 min chart, 3rd image attached) could be an area if a rally got going that would be attractive to hedge. I think the 9 ma starts around 4,400 or so on the long term. Gotta stay focused in a plan here.