I'm with you Kobie, tough to stay bearish the remainder of this year given yesterday's action, seasonality (issues are known-cpi bad, war bad, interest rates bad, boogeyman is coming, spx below corona lows-riduculous..price targets by wavers who made no money in every bull market only selling their  books), and definitely have to keep an open mind as I said yesterday. 

It is very early in this rally to be considering shorting again imo. About half of bear markets were stopped in October for the year. It is to the point now where nobody believes things can go right even for a day or two. Sentiment is historically extreme bearish. 

Good earnings from JPM this morning doesn't support lower prices, will be watching others: https://www.cnbc.com/2022/10/14/jpm-jpmorgan-chase-earnings-3q-2022-.html

Yes, Dimon is going to make dire predictions to sandbag his guidance and  position. It would be a total gift for him to get lower prices to buy stock for the company and himself as well. The risks may be there, though it is important to consider other reasons for these big statements. 

Also remember they are the biggest businesses to lobby for help anytime there are issues. Very well connected and take little business risk of their own ultimately with the backing they have and government support. The headlines ultimately don't mean a thing. Remember who went to run the Treasury in the financial crisis? The ex Goldman Ceo. No way should these guys be making statements in the public like they do and piling on markets when they are trading on the other side. It is amazing what they do is legal given even the news is bought and paid for. 

So I'll go back to following the price, nothing I've said for why this or that is going to happen matters anyway as the people behind the curtain, I call them "Oz" who control it all anyway. Take what I'm given and control what I can, which is where I buy and sell. 

I have no issue selling longer term assets into extremes,I've done it most recently at 4,800, 4,600, and 4,300. I'll buy into extreme weakness for longer term crashes, etc. Just not convinced this was it and if it happens, maybe next year. I have some long term inventory still left invested from the corona crash.

I have a friend who follows options money as his guideline for positioning and he tells me that November is going to be the worst from what he's seeing. Maybe it's correct, if it is then it will be the first time since 2018 that we had weakness into the end of the year. I remember that as I was still in the business as an advisor back then and worked 14 hours buying for clients December 24. 

One day at a time. I'm in cash now in my trading account premarket after selling the rip, buying that huge dip yesterday etc., still think its early though in this rally and can see it filling 3,744, maybe going as high as 3,800-3,900 over time. There is a zone at 3,915 of interest. 

Good baseball games on today at 1 and 430. Also working on another project. Have a great day trading all.