Chan Kam Ho

[Mark Ritchie II @MarkRitchie_II]

Sentiment is saying the bottom of this pullback is close if not in already. Again not a precise timing indicator but AAII bulls just dropped to the same level as when the Iran mess started!

I also noticed an uptick on some of the put/call measures I watch so it would seem the wall of worry is still firmly in place. None of this is consistent with a market that is going to melt down, let alone even top.

[Clement Ang @Clement_Ang17]

12 June 2026: TACO Thursday; Expectations Breaker 💔

Market Commentary:

Expectation breaker session as what looked pretty grim the session prior turned into relative strength leaders breaking out to new highs. The rally was begrudging to begin with, bolstered by Trump's TACO Thursday as the velocity of price action picked up by session's end.

The dollar index took some selling as a result of announcements on the news front but currently finds support at the rising 10-EMA. Notably, crude oil followed suit to the downside - increasingly looking like an inverted VCP pattern.

In precious metals, both Gold and Silver managed to pull off price U&Rs against their respective left side lows - both however, remain in downtrends.

Similar action in crypto land: both BTC and ETH looks to be establishing a daily higher low, though against declining moving averages on the daily timeframe.

Green shoots, following the leaders as the main tell going forward. ��

Notes:

> Equities that resisted the decline the best blasted to new highs for the session. The QQQ managed to hold and follow through against the mid-may U&R signal and reclaimed the 10/20-EMA in one swoop on a 5-day pocket pivot volume signature.

> We continue to see a trend in net new highs, arguing that this pullback is healthy in the context of an uptrend. Breadth measures look to be pointing up and wants higher too (% stocks > 20, 50, and 200 MA).

> Seeing setup proliferation and a lot of beautiful weekly flags / flat bases. Following the leaders and setups vs the index from this point forward.

HAGW!

[Mark Minervini @markminervini]

So far today, we are getting some nice pin action from our longs. I'm still short the indexes, but my longs are far outpacing short exposure. Names long include: $ASML, $VIK, $MATX, $ROST, $KRYS, $SMFG, $MS, $MAR, $PSMT, $MNST, $FRST, $PSX - all but $PSX are profitable, and most were added before the market pullback. https://t.co/JXzFFTmMtn

[Mark Minervini @markminervini]

Great message. Be patient and give yourself time to grow and develop. The opportunity in the stock market is well worth the investment. But the first and best investment you need to make, is an investment in yourself.

[Clement Ang @Clement_Ang17]

11 June 2026: New Failure? 📰

Market Commentary:

Another weak/choppy day, with early morning strength faded by the close. ORCL's earnings report certainly did not help the cause as well, though the overnight index futures have thus far recovered part of the decline.

In dollar land, the DXY is seemingly building a 'low cheat' pivot right under the $100 level - all in the context of a bottoming weekly base. Precious metals in relation saw no bid whatsoever, with Gold sliding lower the entire session as it now attempts a price U&R vs the March 2026 lows. Silver's down day in comparison was less tame, though it is also similarly attempting a price U&R vs the Feb 2026 lows.

More of the same in crypto land with the majors (BTC/ETH/SOL/XRP) developing either a daily chart higher low - though moving average resistance looms - or a daily chart bear flag.

The technical picture continues to deteriorate, indices are now revisiting the 'danger point'.

Notes:

> Strong price action to kickstart the session was met with a complete fade by session's end - indicating more selling vs buying. The QQQ nears its danger point as it finds itself losing the mid-May U&R. Various index futures are now trading against the 50-SMA - the 'danger point'.

> Net new highs remain in this market - indication of capital rotating within so far. However, XLP outperforming the rest of the market on a P5D basis does not spell risk on at all.

> Mixed/Stalling action in leading equities - such suggests that all bets are off if follow through to the downside occurs in the coming sessions.

[Mark Minervini @markminervini]

A few minutes ago I shorted the $QQQ - 🙏 Still short $SPY.

[Mark Minervini @markminervini]

Strong payroll and jobs are confirming the Fed will be on hold. The market is pricing in a potential hike puting the market under pressure. We shorted the $SPY two days ago as a hedge against our longs. We also sold some extended stocks into strength reducing exposure to get more defensive.
https://t.co/JXzFFTmMtn

[Clement Ang @Clement_Ang17]

04 June 2026: The Environment Is Shifting 🛞

Market Commentary:

Churning day for the indices, with the QQQ failing to make further price progress higher on increased volume. Under the hood, distribution/profit taking is rather evident with many of the leading thematics selling off. That said, the profit taking is under the context of egregiously extended moves, making many charts still look 'normal'.

In dollar land, the DXY resolved higher as it challenges the $99.50 level. Nothing has changed much in precious metals: both Gold and Silver chugging lower below the 10/20/50 MAs. Copper on the other hand staged a DTSS entry vs the 13 May LSP.

In crypto land, jarring relative weakness as BTC/ETH/SOL/XRP are now leading to the downside (yow! are we having fun yet?).

The environment is shifting, preservation of capital comes to the forefront.

Notes:

> Very poor price action with distribution across the board. Unlike the mid-May pullback, individual charts across different themes are: (1) Losing their RS phase, (2) Structurally breaking moving averages. MRVL looks like a blow off, which does not bode well for the semiconductor sector on any follow through lower.

> Crude oil's price pattern reminds me of Gold consolidation between Apr - Aug 2025. Macro coming back into the picture could shake things up.

> Best time to own stocks is when NOBODY wants it. Now, EVERYONE wants stocks - decide wisely which boat you want to be in.

HAG1 !

[Mark Minervini @markminervini]

In the stock market, being wrong is unavoidable; staying wrong is unacceptable.
https://t.co/7NiHKuPACd

[TraderLion @TraderLion]

Most traders handle drawdowns wrong. They either go quiet or swing bigger trying to recover fast. Both approaches dig the hole deeper.

Goverdhan Gajala, a Minervini Master Trader Program graduate and U.S. Investing Championship participant, follows a specific rule drawn from Minervini's framework: after a significant drawdown, cap the next five trades so total combined risk cannot exceed 5%. You trade deliberately small — not out of fear, but to rebuild your decision-making and your account health at the same time before sizing back up is warranted.

The account follows the process. Fix the process first.

[Mark Minervini @markminervini]

With both PPI and CPI coming in hot, I see risk continuing to rise. The Fed’s hands are now tied, and rate cuts appear to be completely off the table for the foreseeable future. Interest rates have already been moving higher, and if inflation remains sticky, the market could soon begin pricing in the possibility of rate hikes. While there are currently no clear signs of a meaningful economic slowdown, persistently higher rates could ultimately lead to an “engineered” recession.
Mega-cap stocks continue to lead the market, with GOOGL and NVDA showing the strongest relative performance, while META remains the clear laggard among the group. At the same time, market breadth has been deteriorating and participation continues to narrow. Currently, only 40% of Nasdaq stocks are trading above their 200-day moving average, and just 46% of S&P 500 stocks are above their 50-day line.
Be careful chasing extended stocks in this environment. This may be a good time to finance risk by taking partial profits in names that have already produced solid gains and that allows you to freeroll the rest of the trade risk free. https://t.co/JXzFFTmMtn

[Mark Minervini @markminervini]

Nice surprise today. A handful of names we own are popping. We held some $GOOGL and $CAT into earnings. $WMT, $TKR, $JCI, $FDX are some names we added recently. My biggest position personally is $SPHR (already at a nice profit). $AEHR is another one of my best performers today. $MU is our worst performer today, but we have owned it for a while and have a decent profit. Let's hope this Honey Badger market continues to ignore oil and Mid-East turmoil.
https://t.co/JXzFFTnkiV

[Ariel Hernandez @RealSimpleAriel]

Really grateful for step 5. Trimming into extensions!!

[J Law @JLawStock]

I use two entry approaches: pullbacks and breakouts.

Most of my entries come from pullbacks. Breakouts are used more selectively.

In $ARM, I first entered on March 30 through a pullback — my favorite type of M.E.T.A. setup. But trading should never be rigid. As the structure tightened and the narrative strengthened, I added again on the breakout.

Now $ARM is making new highs and breaking out from a large weekly base.

In the JLA (JLawStock Academy) weekly report published before the open on March 30, I explained why $ARM was holding up so well even as the broader market was being sold off.

https://t.co/u3LNwLXYaa

[Clement Ang @Clement_Ang17]

I forgot who posted this (but thank you for doing so):

A reminder 👇

[Clement Ang @Clement_Ang17]

The main features for what I built is to have the tool:

(1) Automatically calculate position sizes based on my specified stop loss level and risk to equity.

(2) The option to create 2, or 3 staggered stop loss levels.

(3) Opening range style entries for momentum markets.

(4) Automatic take partial levels to further push my execution to becoming more systematic.

It looks something like this - a pretty simple tool that addresses my execution needs in trading. Hope this helps!

[Linda Raschke @LindaRaschke]

If you stay 100% technical, you will quickly see that news does not matter 95% of the time.

[Mark Minervini @markminervini]

A man who commits a mistake and doesn’t correct it once he becomes aware of it is making a greater mistake. A man who fails to learn from his mistakes is committing a sin.
—Mark Minervini

[Mark Minervini @markminervini]

Everything you need to know is currently known by someone who is willing to teach it to you. Put down your ego and open your mind. Then, your life can change profoundly.

[Mark Minervini @markminervini]

The secret to success is simple.... learn what you don't know from those who know more than you. For me, it started with a library card and weekly trips to my local library. The picture below is where I went every weekend to do my research and read Value Line, Barron's and The Wall Street Journal, because I couldn't afford them.