With Bitcoin you have to ask yourself where's the beef?
When it comes to volume - there's no volume anymore - notice completely dried up - do you think we are going to go much higher without any volume?
Unless volume picks up - I'm expecting a move back to the 100 and the possibly the 50 day line since there's a HUGE liquidity pocket there.
Several weeks ago I started pointing out to you that tech is becoming increasingly vulnerable.
I mentioned that chips are not seeing the reaction they are used to seeing and I mentioned that XLY - discretionary is soft - that led me to fear that tech is going to sell off - I did mention that I'm hoping to see the market cap out XLY and SMH coming into XLC - So far we are seeing EXACTLY that - let's hope it stays that way - otherwise we are all going at QQQ and asking ourselves where's the beef???
Several weeks ago I started pointing out to you that tech is becoming increasingly vulnerable.
I mentioned that chips are not seeing the reaction they are used to seeing and I mentioned that XLY - discretionary is soft - that led me to fear that tech is going to sell off - I did mention that I'm hoping to see the market cap out XLY and SMH coming into XLC - So far we are seeing EXACTLY that - let's hope it stays that way - otherwise we are all going at QQQ and asking ourselves where's the beef???
Gold bulls are gathering strength fast, and rising positions are opening up the exact setups I love to trade.
This is the same strategy that handed us a perfect year in 2025. Gold's up 15% this past month, and current geopolitical trends point to a new all-time high.
At noon ET, you'll see how to play gold every week, regardless of the asset's next move.
Tap here to get into the room before we kick off.
Happy Friday y’all. As you can see so far nothing is up or down over 1% that tells me we are chop chop for now - it's Friday - be cautious bonds are not strong - usually on Friday we huff and puff and don't go anywhere - be cautious of upside - there's a good chance we will just fizzle out after the first hour.
QQQ's 30-day implied volatility rank sits between 64 and 84 across vendor sources, well above the trailing twelve month average near 47. Elevated IV is what makes systematic options selling on the Nasdaq worth reopening.
Yields remain above 5 percent across investment grade and high yield credit even as spreads sit at multi-year tights. The income comes from the rate curve, not from spread pickup, and that changes the case for active credit selection.
Let's be careful here...
Gold's knocking on $4,700, but chasing the chart right now is a trap.
Big institutions bought this dip weeks ago while retail traders missed the boat.
You'll see how I plan to ride gold's momentum with one cool setup every week, regardless of the metal's next move.
So far here's how we are shaking out - just random crap action - I think market really wants to see NVDA earnings before making a major move and FED data was not really horrible today - kinda what most folks were expecting unfortunately.
$SPY is below our trendline and below the 15 day line - I'm expecting more consolidation and possible weakness taking us to the 50 day line below us.
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QQQ's 30-day implied volatility rank sits between 64 and 84 across vendor sources, well above the trailing twelve month average near 47. Elevated IV is what makes systematic options selling on the Nasdaq worth reopening.
Bullish momentum is building across gold miners.
62% of stocks in the gold miner ETF are now trading above their 200-day moving average.
But does that mean it’s time to load up on these stocks or even gold?
I don’t think so.
You can target weekly payouts from gold, whether miner stocks are sinking or soaring…
Thanks to a glitch in the options market...