Four consecutive weeks of gold ETF outflows mark one of the best opportunities to add gold at historically oversold levels. This is a clear bottoming process in play. 1
Diesel prices at $5.45 a gallon are the real economic threat. They are hitting 2022 highs and will pressure consumer prices higher much faster than gas prices. 2
Keep an eye on the US Dollar; it’s facing a nasty rejection today which could shift the current macro narrative. 16
$USO flipped green and is hitting intraday highs. Oil is telling a very different story from the rest of the market right now. 29
Markets often bottom on the worst news. Rising on negative headlines is a major signal that a bottom is forming. 11
$SPY caught a bounce at the $555 support zone. I’m targeting 573-575 for the short term, but don’t fall for the first bounce—control your emotions. 159
This green move is still met with skepticism. While this week’s lows might be in, we are seeing short covering rather than enough net new longs to trigger a massive squeeze. 2228
Shorting $IWM because the January effect is over. It just rejected a prior ATH and is losing its 200D SMA; that multi-year consolidation breakout looks like a fakeout. 21
Berkshire B Shares are hitting multi-month highs relative to the S&P 500. Financials are making a stand while cash-heavy strategies finally start to see some relative strength. 4
Semis are acting well on intraday charts, but the daily charts are still suspect. I’m sitting and watching for now. 19
The Claude Code source code leak is a watershed moment for AI agents, mirroring Tesla’s 2014 decision to open-source its patents. 23