📊 Equity Indices & Market Structure

  • I’m calling the current move to 6550-6600 a sucker rally. My playbook involves a rounded top leading to a breakdown, followed by a brief bounce and then a final leg down 1.
  • The Nasdaq move to 574 confirms we’re winning today. The strategy is simple: buy support and sell resistance to lock in gains like the 180% win I just took on $QQQ 2 3.
  • We are witnessing an oversold, violent rally that has flipped the tape bright green 4.
  • Stop believing the bear market territory narrative. The 20% threshold is a fake metric used to distract you from checking the actual numbers 5.

🎯 Tickers & Sector Insights

  • $RDDT is primed to get explosive if it stays above 145, having successfully tested its long-term trendline channel this week 6.
  • $NKE is a total pos. Even Tim Cook’s presence on the Board of Directors can’t save this chart 7.
  • Biotech as a sector has really been working lately, showing relative strength compared to the broader market 8.

🌪️ Volatility & Macro Assets

  • Volatility is an opportunity: when VIX is above 30, you buy stocks; when it hits 50, you buy everything. This is how you reach the top 9.
  • Gold ($GLD) has finally broken its lockstep correlation with $SPY and has been basing over the last 5 trading sessions 10.