The battle between $XLK (tech) and $XLE (energy) all comes down to this generational cup and handle:
> $XLK / $XLE ratio: 20-year cup followed by a 6-year handle
> Ratio is currently approaching the same level as March 2000
> The 2009 cup bottom signaled the start of the decade-long tech bull run
> The handle broke during the 2022 energy rotation, but has since recovered
> About to test a major trendline connecting the Nov 2020 and Nov 2025 monthly candlesticks
So the question now is:
Does the handle breakout, launching $XLK and $SOX into another multi-year leg higher?
Or...
Does the handle fail, triggering a structural rotation back to $XLE and a new bear market for $QQQ and $SPY?
It definitely is drastic. I saw what I needed to reject the previous bearish view, which was the market cap and equal weight sector rotation ratios (cyclicals/defensives) making continued new highs on increased volume.
They finally did that over the last two weeks. It suggests massive repositioning, so I'm not bearish equities right now.
Software has officially bottomed.
Significant bullish option flow in $ORCL, $MSFT, and $PLTR this morning (included below).
$IGV:
> about to print both weekly *and* monthly 8/21 ema bullish crosses
> heavy above average volume for the past several months confirming institutional accumulation
> currently above the 21 month ema and both the weekly and daily 150 sma
Option flow courtesy of @judahrhodie:
09:37:09 $ORCL Sep26 250.0C 1,356x @ $11.35 $1.5M $194.24 | Calls Bought
09:57:57 $PLTR Aug26 140.0C 4,019x @ $13.20 $5.3M $137.19 | Calls Bought
10:06:43 $MSFT Jun26 26th 435.0C 9,614x @ $11.31 $10.9M $427.50 | Calls Bought
(8ema ๐ / 21ema ๐ฃ / 50sma ๐ก / 150sma ๐ต/ 200sma ๐ข)
Software has officially bottomed.
Significant bullish option flow in $ORCL, $MSFT, and $PLTR this morning (included below).
$IGV:
> about to print both weekly *and* monthly 8/21 ema bullish crosses
> heavy above average volume for the past several months confirming institutional accumulation
> currently above the 21 month ema and both the weekly and daily 150 sma
Option flow courtesy of @judahrhodie:
09:37:09 $ORCL Sep26 250.0C 1,356x @ $11.35 $1.5M $194.24 | Calls Bought
09:57:57 $PLTR Aug26 140.0C 4,019x @ $13.20 $5.3M $137.19 | Calls Bought
10:06:43 $MSFT Jun26 26th 435.0C 9,614x @ $11.31 $10.9M $427.50 | Calls Bought
(8ema ๐ / 21ema ๐ฃ / 50sma ๐ก / 150sma ๐ต/ 200sma ๐ข)
@TheAndreiZZ That's completely fair to point out. I was heavily bearish then because the price action warranted it at the time.
If the price action, volume, and option flow change drastically, like they've been doing, I'm always going to reassess my views.
Software has officially bottomed.
Significant bullish option flow in $ORCL, $MSFT, and $PLTR this morning (included below).
$IGV:
> about to print both weekly *and* monthly 8/21 ema bullish crosses
> heavy above average volume for the past several months confirming institutional accumulation
> currently above the 21 month ema and both the weekly and daily 150 sma
Option flow courtesy of @judahrhodie:
09:37:09 $ORCL Sep26 250.0C 1,356x @ $11.35 $1.5M $194.24 | Calls Bought
09:57:57 $PLTR Aug26 140.0C 4,019x @ $13.20 $5.3M $137.19 | Calls Bought
10:06:43 $MSFT Jun26 26th 435.0C 9,614x @ $11.31 $10.9M $427.50 | Calls Bought
(8ema ๐ / 21ema ๐ฃ / 50sma ๐ก / 150sma ๐ต/ 200sma ๐ข)
Software has officially bottomed.
Significant bullish option flow in $ORCL, $MSFT, and $PLTR this morning (included below).
$IGV:
> about to print both weekly *and* monthly 8/21 ema bullish crosses
> heavy above average volume for the past several months confirming institutional accumulation
> currently above the 21 month ema and both the weekly and daily 150 sma
Option flow courtesy of @judahrhodie:
09:37:09 $ORCL Sep26 250.0C 1,356x @ $11.35 $1.5M $194.24 | Calls Bought
09:57:57 $PLTR Aug26 140.0C 4,019x @ $13.20 $5.3M $137.19 | Calls Bought
10:06:43 $MSFT Jun26 26th 435.0C 9,614x @ $11.31 $10.9M $427.50 | Calls Bought
(8ema ๐ / 21ema ๐ฃ / 50sma ๐ก / 150sma ๐ต/ 200sma ๐ข)
Software has officially bottomed.
Significant bullish option flow in $ORCL, $MSFT, and $PLTR this morning (included below).
$IGV:
> about to print both weekly *and* monthly 8/21 ema bullish crosses
> heavy above average volume for the past several months confirming institutional accumulation
> currently above the 21 month ema and both the weekly and daily 150 sma
Option flow courtesy of @judahrhodie:
09:37:09 $ORCL Sep26 250.0C 1,356x @ $11.35 $1.5M $194.24 | Calls Bought
09:57:57 $PLTR Aug26 140.0C 4,019x @ $13.20 $5.3M $137.19 | Calls Bought
10:06:43 $MSFT Jun26 26th 435.0C 9,614x @ $11.31 $10.9M $427.50 | Calls Bought
(8ema ๐ / 21ema ๐ฃ / 50sma ๐ก / 150sma ๐ต/ 200sma ๐ข)
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
En fait, le price action du brut est ultra constructif, รงa pose les bases pour la prochaine jambe de hausse durable.
Chaque correction sur les news ne fait que nettoyer les mains faibles pendant que les institutionnels accumulent.
Et chaque baisse est de moins en moins agressive... Signe que la pression vendeuse s'assรจche et que l'offre s'รฉpuise complรจtement.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
If you're bullish oil, this is exactly the type of price action you want to see.
Crude oil still playing out its volatility contraction pattern and setting up for an explosive move up within a couple weeks.
Institutions accumulating in size, while weak hands get rinsed. You can see this with the volume drying up as supply runs out.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
*Any* news regarding the Iran war is only massively bullish for energy at this point.
Ceasefire, memorandums, war ending, continuing etc.
That only means a true resolution is nowhere in sight.
All noise, yet very high signal for the energy sector.
If you're bullish oil, this is exactly the type of price action you want to see.
Crude oil still playing out its volatility contraction pattern and setting up for an explosive move up within a couple weeks.
Institutions accumulating in size, while weak hands get rinsed. You can see this with the volume drying up as supply runs out.
If you're bullish oil, this is exactly the type of price action you want to see.
Crude oil still playing out its volatility contraction pattern and setting up for an explosive move up within a couple weeks.
Institutions accumulating in size, while weak hands get rinsed. You can see this with the volume drying up as supply runs out.
If you're bullish oil, this is exactly the type of price action you want to see.
Crude oil still playing out its volatility contraction pattern and setting up for an explosive move up within a couple weeks.
Institutions accumulating in size, while weak hands get rinsed. You can see this with the volume drying up as supply runs out.