@RealSimpleAriel@asymtrades@markminervini is uptight bc his MPA model portfolio has very poor returns. When people pay A LOT of money for a service with a market wizard, they expect extremely strong returns. So he hits back to trolls by focusing on his personal big returns
📺 Trump’s Comments Spark Bullish Market Reversal
In today's market update, @TedHZhang notes that the market remains in a mild correction, with short-term and medium-term trends still negative, despite strong dip buying in recent days and the reversal after Trump's comments about the end of the war yesterday.
Equities initially gapped lower due to escalating tensions in the Iran conflict, including reports of Israeli strikes on oil reserves that pushed crude oil prices briefly to around $120.
However, markets rebounded sharply after comments from Donald Trump in a CBS phone interview suggesting that the conflict could be nearing an end sooner than expected, which sparked a bullish reversal across major indexes.
Technically, several indexes showed bullish reversal patterns off key support levels:
– $QQQ tested the 200-day moving average;
– $DIA printed a bullish engulfing pattern off the same level;
– $MDY undercut and reclaimed the 100-day moving average;
– $IWM also staged a bullish reversal after reclaiming its 100-day;
– The Mag 7 stocks $MAGS remain technically weak, having broken below their 21-day moving averages and trading near the 200-day average.
Despite the bounce, volatility remains elevated. $VIX briefly surged to 35 before falling back to around 25, which still reflects a high-volatility environment and suggests markets remain sensitive to geopolitical developments.
Across other asset classes, reactions were mixed:
– The U.S. dollar $DXY attempted to break above the 99.5 level but ultimately reversed lower.
– Gold $GLD continues to hold above its 21-day EMA, trading in a tight consolidation range.
– Silver $SLV experienced extreme volatility off its highs and is now compressing, leaving open the possibility of a short-term top.
– #Bitcoin $IBIT showed relative resilience, gaining about 1.37% and continuing to form higher lows, though the structure could still resemble a bear flag. Importantly, holding firm despite negative headlines may signal early bottoming.
No portfolio changes today in both Grotection and Turbotection.
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The day’s price action was largely headline-driven, with geopolitical news dominating sentiment.
The market shifted from risk-off to risk-on after Trump’s comments about a potentially shorter timeline for the Iran conflict. Now the question is, is it sustainable, or will we see the market reverse back down?
This week, we also have several important macro catalysts, including CPI on Wednesday and GDP data on Friday, both of which will influence expectations for Federal Reserve policy.
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Appears to be a major rotation…put another way…a character change in the bull
I’d suggest watching this one starting at 51 minutes & then study all of those examples
One day at a time 🍀
@IBDinvestors