- $MSFT closed below 200W for the first time in 13 years
- $ORCL credit default swaps pretty much highest ever
- $NVDA and $AVGO look like pending stage-4 declines
- $BTC and $ETH getting hit by rockets from Hormuz
- Oil staying elevated
- Power plants still getting targeted
- Multiple distribution elements in main indices for the last 6 months while knowing topping is a process
- $DXY/dollar looking like pure accumulation on multiple frames
- Prior leadership looking exhausted and getting shot
- $IGV losing a 17-year uptrend
- Administration trying to play narratives/tacos seeing diminishing returns
- SpaceX trying to bag everyone as soon as possible
- Three strong years in the market are typically followed by a reset...
...and you're still out there vibing with the rest of the bull copers completely unprepared for a prolonged consolidation
delusional furu
for newer people out there - I recommend tracking when relative weakness is going to occur in $XLE, $XOP, and $DXY
upside EURUSD pair movement will be bullish for stocks as well due to their positive correlation
a new trend begins with new leaders - need more sectors like Space
in my view, positioning is neutral/defensive, and currently call buying (especially short-term) acts as hedging vs possible sudden peace headlines
$COMPQ & $NASI remains negative, and losing 200MA on indices usually leads to a consolidation/chop environment
do not rush action
I just got back from over 3 hours of driving to and around Boston using @Tesla FSD V14.1.3. No interventions. It was great. V14 is ready to be released wide in my opinion.
It feels noticeably smoother and more comfortable in everyday driving compared to 14.1.2. That's especially impressive since I tested 14.1.3 in Boston at night, while V14.1.2 was only tested in southern New Hampshire (less challenging).
I only noticed one minor hesitation at a stoplight and one issue during a curbside drop-off at the start of this video, where it circled the block once before pulling over in the correct area, but both were not a big deal. I had no safety issues tonight. There was also an interesting moment in the video where I accidentally set the curbside drop-off area in a dead end street. FSD took a little while figuring out how to back out, but it eventually did it without my help.
If you'd like to watch the 4K version of this video on YouTube, I've linked that in the thread below.
D.C. Resident is Shocked That Trump Was Able to Make Democrat Cities Safe Again
DAVID SACKS: “Trump just did it with a stroke of a pen. This is a choice. We don't have to live this way.”
Global bond markets are fully rejecting the Fed’s move. A rate cut on paper means nothing if yields keep climbing. The irony is your mortgage still gets more expensive
following the previous bazooka-list of September rate-cut, I am now sharing an updated version:
the X-pro package that everyone is long: $FSLR $CRWV $MSTR $SOUN $CRCL $COIN
coiled not too far from highs and looking decent, search for hammer candles: $SHOP $DAVE $SNOW $PANW $ANET $ZS $RKT $Z $TTAN $HNGE
smaller names I already shared and still like: $AIP $SKYT $CRNC $ZIM $SERV
speculative: $CRSP $ONON $RCAT $ROKU $BB $FLR $LFMD $BFLY $AMR
bonus list that one day will be viewed as <oh, I missed> value opportunity: $ADBE $LULU $TTD $DUOL $QCOM $CRM $S $MNDY $RBRK $HUBS
if you are playing with options I would no longer do risk-reversals and would probably optimize on bull-spreads as I find these to be slightly more attractive these days
we are in zig-zag up mode as long as DXY is in the bin - if we do see a decent sell-off I would view it as an opportunity, buy first/analyze later
choose rich
65min, daily, weekly for stocks
2-3D for crypto-currencies and pairs
the only frame guidance you need based on my experience
repeating it from time to time so you know this