Happy Canada Day 🍻
While were far from perfect with many things that could be improved upon especially how were not a G7 powerhouse from our abundant natural resources…
Still a beautiful country & blessed to live with our way of life vs so many others out there in the world.
$USOIL monthly - Crude oil made a 4 year cycle high at $119 in March, a high that was lower than the 2022 high. It's currently trading below the 20 month MA. The lower band is currently at $44.64 and crude oil is going to hit it at some point in the next 3 years.
$QQQ - As long as it doesn't have a weekly close below 700 we may still see a new ATH in Q3 but given the breakdown in MAG 7 and a potential intermediate term top in semiconductors the odds aren't high. A weekly close below 700 will lead to a fall to the 20 week MA by August.
@ViciousTrading Yeah I can see it possibly taking months. If this trend line doesn't hold it may revisit the longer term trend line at ~32k but that would be getting pretty ugly.
Canada secures 30 new critical minerals partnerships and unlocks $12.1 billion in mining project capital
This second round of 30 new partnerships and investments will unlock $12.1 billion in critical minerals projects with 12 allied partners. Combined with the investments and partnerships announced in October 2025, the Critical Minerals Production Alliance is now helping to mobilize $18.5 billion in Canadian critical minerals projects. These projects will strengthen supply chains, support economic growth and reduce strategic vulnerabilities.
https://t.co/Au0OtckjEG
$XYZ
Slashing workforce by half and hard cold truth shared by Dorsey is going to become reality of many more tech giants.
Be ready for many more layoffs and many more companies to do it this year/coming years as Era of AI has begun.
Brace for impact!!
@ViciousTrading 40's maybe hey, no rush to get in there. ETH may be getting closer here now at these levels (what a drop), but what do I know. We'll see right, but you have good reads on crypto.