Wall Street Sets The Trap For Stocks…

Wall Street Sets The Trap For Stocks…

we need to have a discussion about
stagflation and whether the economy is
currently in it right now today we’ll
talk about everything to do with the
earning season for the week ahead what’s
going on with the darkest pool
transactions as big players start to
sell into the Friday close and of course
why this matters for us as a positive or
negative gammer environment on options
more importantly though Apple’s weak
will it get weaker bitcoin’s starting to
struggle throughout the weekend and of
course many stocks are finding their way
to two previously traded zones so as
bulls and bears fight it out at the most
important level that we’ve been looking
at now for 2 days should we also be
looking at World central banks because
policy is getting out of control in
Japan and we need to talk about it join
us as we cover stocks Commodities and
cryptos for the week ahead well welcome
back everybody to the special weekend
edition of The Daily Show today we’re
talking macro data lead indicators and
of course the hottest charts for the
week ahead whether you’re an investor or
Trader if it’s your first time here and
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correlate with each other remember to
subscribe and smash that Bell icon well
let’s get into the first topic the
dreaded stag flation a problem with
economies that often many of us kind of
worry about and it’s pretty rare we’ve
only ever really seen it in the 1970s
now the question is how do we get to
stagflation well generally we need to
see economic growth slowing inflation up
and unemployment also on the rise now at
the moment we certainly have one of
those problems which is of course
inflation up but do we have the other
issues let’s take a little closer look
at whether we’re really in stagflation
so if we take a look at the GDP growth
over the last four quarters it’s
actually been very very strong for the
US and it’s a huge reason why the
markets are recovering led by of course
the AI robot companies on top of this we
also know that we had one bad GDP result
of 1.7% but it’s still increasing and in
general we’re not seeing like a really
stagnant flow in fact Goldman Sachs
actually already estimated that this
could be a possibility and that we’re
moving into a period of very sustainable
growth in including the GDP moving
forward so if we are in stagflation what
should we be investing in if we’re not
in stagflation but we’re in a rising in
interest rate economy does it really
make any difference well as you’ll find
out the actual same Investments that
tend to do well in stagflation also do
well in Rising inflation and we do have
Rising inflation right now as shown by
this chart that’s starting to show some
spikes and some increases across the
board and there’s a couple of reasons
why this could be in stagflation though
what performs the best well of course
it’s gold its Commodities and actually
value stocks do well as well also
existing buildings we’ve already seen
that going on it’s not so much the land
underneath them but if you have a nice
house and it’s been built to a quality
standard and of course as everything
else including Commodities goes up what
ends up happening your house Rises so in
General if we’re in stagflation then you
generally go for these types of
positions if we’re in in Rising
inflation it turns out you also go for
these types of positions a lot of the
time so I think it’s very very key to
keep in mind if you’re worried about
that particular thing that this would be
what you’re looking for now why are we
seeing this inflation well in my opinion
it’s under production in the oil
industry and under investment in
Commodities recently a riotinto CEO or
the riotinto CEO came out and said he’s
incredibly concerned about Rare Earth
minerals and metals and underinvestment
since
2016 in all of these things that we need
for this supposed Green Revolution and
you can see energy transition investment
is just on the rise so what’s going to
happen well ultimately we’re going to
burn more oil we’re going to need to go
and do more exploration and we’re just
not going to have enough minerals and
metals coming out of the ground if every
country gets on board this particular
train and that’s leading into something
we’ve been discussing here on the
channel for at least 2 and a half months
which is of course that whether we have
inflation or not we are in geopolitical
issues as well which tends to spike all
of those particular areas and I think
this is a twofold and two-pronged attack
on why we’re getting so much strength in
the Commodities markets in particular so
where should we be looking well here’s
the pullback so far and of course we’ve
got the little bit of recovery are we
cheap or are we expensive on the S&P 500
well we’re not quite back to what I like
to get which is of course in those 17s
that is very much a smiley face area for
the dollar cost investor but we are
still pulling back a little bit now in
general election years as you’re about
to find out we could get a little bit
more and but we face one of the toughest
areas from the Bulls and the Bears and
as we reported on our previous video we
expected 5100 to be a big battle Zone
which even with the amazing results from
Google and Microsoft it still wasn’t
able to break and we might have some
little inklings right now and why that
is you’ll see here that Trend strength
is actually dropping across some of the
smaller caps and some of the other pairs
of the market so here’s the S&P 500
versus the S&P 400 versus the S&P 600
you’ll notice that they’re not exactly
all going up in a straight line like you
would usually expect in a really robust
Market that’s not what we’re seeing at
this stage bull market Behavior
checklist you can see here that the New
York Stock Exchange plus NASDAQ new
highs to new lows is not exactly coming
along with this current market rally and
that’s kind of normal I mean at the
beginning you usually see the big gamma
stocks go first which are those
semiconductors and big tech stocks and
then the rest come through the next
question you want to ask yourself is
when we’re correcting here is it
actually a crash or a correction well in
many ways you just want to be looking at
it from a perspective of whether we’re
in financial stress and of course you
can see when we’re in serious Financial
stress such as 2008 and 2020 and also
that little bit of a selloff that
happened during 2023 when we had of
course the Regional Bank crisis but on
top of that we don’t really have a
stressful market right now and you can
actually see here if we’re to believe
these figures Consumer Financial stress
is falling to the lowest in a year yeah
that’s strange but it is and according
to at least the results out there of the
people on there that’s what we’re seeing
so therefore what do we want to be
looking at in this pullback in this
correction well you know we’ve talked
about this a few times we believe the
data therefore AI is going to be a huge
play of course moving forward get ready
for the land of the IPO I feel in
2025 they probably won’t IPO in 2024
because of the election year but I’m
sure 2025 you’ll get a lot of AI IPOs is
going wild in the markets and then of
course we’ve got the geopolitical
tensions now that leads into some
markets around the world my market here
in Australia of course many minerals
Metals most people around the world know
that we’re a big desert really so we’ve
got those types of things in particular
inor and of course then you’ve got
Canada and you’ve also got the United
Kingdom so we’ve already talked about
this quite a few times but anything any
of these strong indices that have those
particular areas in them including
financials actually at the moment are
all in strong bulls and they’ve actually
been outperforming the S&P 500 since
we’ve started talking about them a lot
now Gold’s also in a strong bull market
as we know and Emerging Markets are
becoming interesting so you’ll notice
here the shortterm is starting to turn
the long-term horrendous still and
that’s what we’ve seen also in the
Chinese market in terms of shortterm has
has been improving long-term has looked
horrible and look at the breakout we got
last week another way to look at this if
you’re a first time viewer of the
channel is to look at the Vanguard Total
Stock Market ETF versus the Vanguard
footsie all World ETF and what we’re
starting to see here is a breakdown
where basically the US is starting to
look a little bit worse than some of the
places in the world when you’re talking
about Rising inflation markets and also
you’re talking about of course uh
anything to do with rotation and flow
into those cheaper areas I’ll try to get
a chart for you guys just to demonstrate
how much cheaper in terms of PE ratios
you’re looking at in something like the
foots SE uh the Chinese markets at the
moment or really even the can the
Canadian Market at this stage so let’s
have a look here at the allstar charts
High versus lows breadth heat map to try
to get an understanding of whether this
current rally that’s been pulling us up
to 5100 is healthy so it’s a little bit
tough to sometimes see this but actually
there are a couple of small caps that
are starting to show a little bit of
signs of distress percent of one month
lows the crappy companies actually ended
up going down while the Market’s going
up the good ones still held through
especially K because K is really riding
riding the Russell 2000 at this point
but in the undercaps here anything that
has like no earnings which
37% of the Russell 2000 pretty much
doesn’t make any money uh they’re
starting to struggle a little bit so
you’ll notice that we went from being
really negative the other day to back
down even though we’ve been recovering
so a few days ago we were looking a lot
better than what we were just 24 hours
ago in terms of that 5100 zone so it’s
clearly a big fighting point and
underneath that’s the one little inkling
that you’re saying well maybe there’s a
little bit of weakness this is another
one though you’ll be looking at from the
Bull and Bear perspective the zuag bread
thrust obviously been a very very good
read towards the Bulls if we do end up
getting one of these next week which
will be when it’ll go off if it’s going
to then you’ve got to keep on side of
the Bulls the stats are insane when it
comes to these and we already saw one of
these last year which led us into
thinking we’re going to go into quite a
lot of strength and of course we did
let’s have a look under the hood though
what was doing well during the Friday
trade well we had basically a mixture I
would say there was nothing here that
was a standout either way of course
clean energy finding a little bit of a
dead cap bounce semiconductors finding
huge strength thanks to Nvidia coming
off that beautiful 618 golden FIB that
we’ll look at later on and the 5-day
rotation actually showing us that
semiconductors just came back Big Time
those last 3 days of trade thanks to the
decent earnings throughout some of these
big tech stocks got everyone back on
board the bull train what might surprise
you though is when you have a look over
the last year of results that you have
financials sneaking their way through
here now if I actually had a six-month
chart you might notice that this
financials line is very impressive and
it’s now the best performing 6mon
rotation and that’s a great sign for
Bulls now the reason there’s twofold
here I think that financials are not
only making more money because of course
higher interest rates gives them more
margins but on top of that I think it’s
loose lending I think credit expansion
starting to come through and of course
whether you want to believe it or not
it’s kind of politically charged on both
sides so what’s going to happen is
you’re probably going to see credit
expansion go through the next couple of
years and it seems like we’ve learned no
lessons since 2008 watch guys it’s going
to get even more wild out there we talk
a lot about this on our Monday open show
I have rants about it cuz of course I
think it’s kind of sick but it is all
happening in front of our eyes and this
shows you that for the time being anyway
it will be better to be possibly a bull
in markets and buy the correction dips
because if they’re expanding the debt
and expanding the credit then that
usually leads into a bit of growth let’s
talk about S&P 500 from the perspective
of the real market then we’ll go through
the Futures market and what are our best
and worst casee scenarios so we’ve
talked about it a few times the 20weekly
moving average I love the mean reversion
and you always generally expect a bounce
here you got a bounce last year here you
got a bounce this time here you get a
bounce all the way through 2020 you can
go put it on the charts yourself now
it’s when you get the bounce you’ve got
to be a little bit concerned about
whether it’s real or not now a dollar
cost averager you’re going to smiley
face here and say you know what I’m
pretty happy with that as my initial
entry but will we get the 50 now we got
the 50 last year during a bigger
pullback that obviously happened in
occurred and actually went a little bit
underneath that this was a perfect level
though very nice Zone 4240 for the buyer
and of course right now we would be
looking about 4700 which makes a ton of
sense as well if it does end up playing
through how will you know though well
we’ll have to go back into what we call
a negative gamar environment and we’re
actually already almost moving into
positive gamer it’s kind of teetering on
the edge on Monday Tuesday next week so
where does that happen well 5100 is a
positive gamer environment if we push
through there we’re probably going up to
somewhere just under 5200 for the S&P
next week so day trade is going to be
looking for that that bust of 5100 and
hold through the session and of course
it’s also a vwap level which means that
it’s again a resistance zone now when
we’re talking put supports on the Monday
and the Tuesday of trade coming up we’re
talking 50/50 so we’re kind of trapped
within this little level we’re waiting
for these earnings clearly earnings is
what’s kicking it in and if the market
comes down to 5050 there’s probably some
bull sitting around there similar to
what we saw last week where 5K and 5025
had the Bulls and if we manag to get
through the 5100 I think it’s kind of
smiley face for the Bulls now Bears you
get underneath of course this level here
4950 you’re most likely about to see
what we call a waterfall effect which is
where you go through an area where there
was not much previous trade so there’s
almost no shelves here so you actually
get a kind of aggressive sell that comes
in here now could be quite fearful if
that ends up occurring so you’ve got to
keep a level head remember you’re
reacting to this so if you see money
flowing from here to here I like to
think of it as money flowing from
equilibrium to equilibrium I teach this
in our day trading master class and
advanced classes and um you know I’ve
got to say as well I really appreciate
some of the feedback people have been
giving us recently on that it’s not only
helping improve the course but you guys
have been yeah honestly smashing it it’s
been amazing all right let’s move over
here to the options levels and of course
we’ll talk about the gamma side and
you’ll know here that 5100 is a big deal
so 5100 we break through lots of hedging
on the Futures that’s going to have to
push the overall market up kind of
creating a squeeze and you’ll notice
it’s not just there for the 29th it’s
also there for the 30th and the 5200
becomes kind of the next zone for the
17th so that’s the Opex of of the March
period now we we kind of have like a
fight here between the Bulls and the
Bears and it’s between that 550 and 5100
Zone I would certainly be watching out
in the smaller time frames um and paying
a lot of attention to the way it
structures up there in fact let’s just
go back here for a moment go to the 5
minute chart cuz I know you guys love
looking at the small time frames as well
and if we take a look at this while of
course it was kind of a minuscule win
for the Bulls this kind of gives you a
bit of an idea of structure so we have
here a lot of structure it then drops
down then rallies back up to a new high
pushing the 5100 so where are you going
to be looking next week if you’re a be
on the intraday 5070 if the market takes
that low
what does that tell you it tells you
that maybe it’s actually found
resistance so I think 570 is also a key
level that you’ll be wanting to look at
where rallies on that market are most
likely going to be met by sell demand
it’s all about finding your Edge in
charts of course your general Edge on
indices should usually be bullish that’s
just the truth it’s statistically
inbuilt into indices to be better off to
be bullish but if you’re going above the
51 kind of 15 Zone that’s going to be
quite bullish next week but if you’re
getting below 50 70 I think that’s where
the Bears sit for the market for now now
what about the ctas are they coming
along with the bulls or the Bears well
as we expected the 20 weekly moving
average has got them a little excited
they’re starting to buy off that zone
but it’s not incredible acceleration so
whether you’re looking at the NASDAQ the
s&p500 or anything else they’re all
going to be showing slight levels of
buys I thought for the weekend I’d also
include things like Brent which is also
stabilizing so Brent looks pretty good
still gold which has come off its Highs
but seen a spike on the Friday trade and
of course copper which is to the Moon uh
CTA is absolutely loving copper and I’ve
got to say I’m kind of loving the move
and I think a lot of you out there have
been liking that so in a cyclical or a
defensive type of Market well at the
moment we’re in of course a cyclical uh
type of Market which again shows you
growth shows you expanding GDP shows you
the market believes there’s growth in
the Horizon defensives increasing by a
lot now that’s going to have you know
more concerns in the markets so for now
it’s really just you know strength
strength strength strength strength I
would keep an eye on utilities though I
think utilities whether it’s right now
or it’s the next couple of years I
wouldn’t be surprised at all to see
utilities perform incredibly well as
this so-called transition that we’re
doing is going to eat so much energy in
particular AI have a look at the um the
energy consumption of that stuff it’s
going to be wild now let’s have also a
look at the zero DT influence so I think
it’s clear that why we’ve bought them
into the show is it’s not like when I
first got into the market in 2007 and
you just had one month options now
you’ve got weeklys then you’ve got
dailies and take a look at the line
share now eventually this is going to
create what we call like a flash crash
uh throughout the markets but you’ll
notice here that we’ve gone to a huge
amount of zero dtes and in particular
puts have increased a little bit
recently um in terms of overall size so
basically there’s a huge rise here in
usage puts of course increased a little
bit recently and uh it’s very important
that you keep a lookout on the Zero DTE
game because that’s going to be even
bigger over the next couple of years I
predict election year draw Downs we’ve
already talked about this when we take
out the outliers being this one and this
one we get just under about 10% so 10%
is usually where we kind of can correct
to 5 or 6% which is what we’ve already
got is perfectly normal though and this
is tends to be the kind of way that we
play out weird stuff going on until kind
of June often then a huge Rally from the
end of the year in election years that
look like this when we take a look at
all of the markets that are kind of
correlated similar kind of like up and
down all around around here but then
generally bullish so again that’s
bullish and then we have 2012 and 1976
and in both cases they kind of followed
a similar trajectory at the time of this
recording we’re actually here so you can
see cuz of course April so we’re at the
back of April so we usually had a little
bounce then we pulled back down a little
bit and then we rallied forward a longer
term investor is not going to care about
that little bit of a pullback they’re
just going to see it as an opportunity I
don’t think it’s like excellent to go
and sell everything or anything like
that because in general these stats do
Point towards a pretty good election
year and it is very unusual for election
years to turn incredibly bearish and one
of the reasons CU there’s a lot at stake
which I’m sure you guys are all aware of
let’s go over now what’s going on with
earnings cuz this week I think has 2100
companies or some some obscene amount I
can’t remember it’s the second largest
overall earnings week that’s for sure
and you’ll notice it does kick off on
Monday but really it’s after the close
Tuesday and after the close Thursday
which will be the two most important
stocks plenty of smaller Tech though
coming through and as always you need to
be aware of the expected options moves
so here they are and W there’s some big
ones again AMD
plus-9 Amazon trillion dollar companies
moving at plus – 8 yeah I I can’t think
of a time when this has been so common
remember meta moved down 10 Tesla’s has
moved up 10 Netflix what moved down 8 or
something Microsoft moved down then up
five or six you know Google did like 14
or something I know one of our favorite
stocks at the moment by the way Google
Microsoft and Nvidia the pillars this is
one of the things like it’s wild wild
moves I mean it’s just it’s obscene when
you think about the hundreds of billions
of dollars of uh money flowing through
got PayPal as well at plus – 9 uh and
then of course Apple a little bit less
on the expectation plus – 4 A2 either
way some of these semiconductors are
just going to be wild and that’s just
showing you that the valuations must
have growth in them if they don’t and
one of them misses by too much it does
create incredibly uh weak flows and
markets just sell off straight away
waiting for the next earning season you
can actually lose 20 or 30% of stock off
one bad earnings let’s have a look how
at the Spy because there has been well
there have been a couple of big
transactions we saw a big one down at 44
down here then we’ve seen a big one here
at 32 so basically what that could have
been is little little sneaky buy here on
the Spy where they’ve closed the profit
at around this Zone which can make some
sense when we take a look at the SSO
which is the prar ultra S&P you’ll
notice just at the close here or just
just after near the close we got two
large transactions at these highs now is
that a profit take is that something
else well we put two and two together
with both of them you can already see
the key zones and of course as we
mentioned before that 5 70 will be key
for the Bears so if we keep pushing
higher they’re probably just entries if
we start pushing lower then that’s when
you react to that and it was a lot of
transactions across the board it wasn’t
just like oh yeah we’ve got one
transaction there were a lot of proxy
ETFs all trading at fairly large rank
numbers which basically means that we
had a lot of activity right near the
close there between either Bulls or so
let’s talk about the elephant in the
room when it comes to Central Bank
policy and of course that’s the bank of
Japan often experimenting with how far
QE can go they now own somewhere between
60 and 70% of their overall bond market
if you want to know how far things can
be pushed really the bank of Japan is
the one to look at but you’ll notice
here that they didn’t come and intervene
in their currency sending at
skyrocketing and making it the best time
for anyone outside of Japan to possibly
visit them to get uh some cheap rates
and some cheap food I’ve got to say one
of the things 158 I would have never
thought we’d be at these levels but this
is an intervene current so basically at
some point they’ll come and floor it
similar to what they did last year and
that will lead into of course
potentially drastic losses and huge
amounts of Gap shifts somewhere around
this 159 160 is where the expectation
they’ll step in is and that’s why the
market moved so drastically and so
quickly to that point keep a lookout on
this of course this is the experiment
gone wrong in terms of Central Bank
policy and eventually I think this will
become a huge problem though every
single Economist has known this for a
very long time time so it just shows you
you can be wary of something and look at
it but that doesn’t mean that you should
necessarily be trading it Bank of Japan
one to watch at the moment out of
control and of course we’ll be watching
it more in the future should they have
to intervene and push in a different
direction it may have some effects on
the US economy as well or bears let’s
talk vixs did we enter into the the
green environment yet well we closed
right on 15 and as we’ve talked about
close under 15 will be important
generally when you get spikes and vixs
you want to see it come down to around
15 16 is possible and then you like to
see it Spike back up again with the
Bears taking control look where we are
we’re at 15 so there we are if we have a
look here at the overall options yield
environments with the bonds then the
bonds spiked up a little bit but still
you know not really showing Super Signs
of stress yet our other bonds Market
shows that it’s still all green all good
in terms of buying dips so that’s pretty
nice and Central Bank liquidity is
dropping so Central Bank liquidity is
continuing to kind of slide after what
we saw which was that seasonal kind of
slide we’re getting more sliding in the
Central Bank activity now that can lead
through into the markets over the longer
term so we’ll see how that plays out
where are the best sectors right now
well as we mentioned Commodities have
been improving you can see here
Commodities actually picking back up
after their nice rally DBC we’re also
noticing that rare Metals in particular
are doing very well copper flying it’s
become the hottest thing I think in the
markets at the moment so uh we’ve been
on this for a while but copper is doing
very very nicely watching 473 at this
stage for copper this week I think it’ll
probably run into that zone with
pullbacks to be met by bull demand now
we move over to the dollar Now can
anyone say flag it’s actually a pretty
good looking flag maybe too good uh but
the flag’s happening right just before
the resistance top now if it does break
through and we get through that kind of
106 810 kind of 7 Zone then dollar could
really strengthen quite some time I’ve
already said before I do think dollar
will weaken over the next 8 months um
but of course that’s a forward
prediction I often say don’t do that but
if you have some evidence you can I
guess uh but in this case yeah that’s
not a trade you know we don’t have any
reason to say that yet we have a flag
now if you take that flag pole you’re
going to get kind of decent length in it
as well uh so we’ll see if it can break
out but it almost looks too good to be
true uh from when you look at a flag
that looks that nice you can also see
it’s longle dogee Fest so two week of
longle dogey shows you that you’re right
at the peak the Market’s happy where it
is right now and we’re going to get a
Playbook sometime soon so we’ll update
when the when the dollar starts doing
something what about gold well we’ve
been talking about it being a little bit
more bullish here obviously we got some
good entries in there the last week and
we continue to see a series of higher
highs and higher lows so for now Gold’s
bullish that’s pretty much how it is on
the small time frames we’ll see if it
keeps going what about us oil so us oil
is also technically bullish at at the
moment because we broke through this
little Supply and we were I would say
lackluster through the Friday trade but
um yeah it’s technically bullish at this
point small time frames I’d like to see
the great bull zone of 78 a barrel but
we may not get to that point weekly we
always like to check the weekly weekly
effectively like a little longle dogey
again coming off our good bull Zone not
at our great bull Zone just yet so we
keep watching that particular one and
and trading accordingly what about Tesla
well Tesla is I think could have turned
it because of the general sentiment of
AI being so strong in the markets you
know Elon Musk is the master of the pump
and he’s come through and he’s mentioned
everything you could ever throw he
basically threw the kitchen sink at the
investors and that created bullishness
you’ve got to remember the stock is down
horribly in the bull market and there’s
a transition away from anything to do
with cars to try to try to claim AI a
lot more so we’ve got the island
reversal which is the positive so that’s
the gap down Gap up we’ve got volume
obviously increasing which is positive
you got horrible sentiment which is
positive if you get the right type of
catalyst and then we’ve got the
previously most traded zone so in this
case I do think there’s probably a
seller here so it’s another case for
again why you’ve got to be so careful of
that 5100 level because look at these
stocks and you’re going to see some more
in a moment that are all sitting here
now they break through okay cool Good
Times going but if they kind of float
around this Zone and they start coming
down they could be the opportunities
that you’re looking for in a couple of
stocks so I think that Tesla’s at res uh
bulls will need to be very careful at
that zone Apple little bit of a
rejection through the Friday trade
you’ll notice see a little bit of a
shooting star or pin bar candle not much
to go off from here I’m not really too
interested in apple until we get
something good if you bought down to 165
I couldn’t blame you um if you’re
looking for momentum and those types of
things probably going to need to wait
till 178 so one to watch semiconductors
versus the Spy an incredible comeback
obviously very very strong here 20
moving average every single time this
thing is bought up so that’s why we said
it’s a pretty good Zone and if you have
a look at smci it’s coming back into
guess what another res level so you’ve
got a res level here 618 pullback
previous supports some kind of Supply in
here a gap fill that sits in the between
the 618 and the 75 so definitely the
smci Run might have a little bit more in
it uh but then maybe a little bit of
weakness 88.9% on the session someone
would be very happy with that one the
more replicable one though was Nvidia so
we’re coming up to the most traded Zone
we’re coming up to you know some pretty
key levels as we mentioned the 618 last
week looked pretty good after we got
that initial rally and in two sessions
let me just quickly measure here from
the low to the high wow I mean it’s just
so much money 12.83% I know it’s done
more on the left but you’ve just got to
Marvel at the uh hundreds of billions of
flow in the clown world that we live in
sometimes of how much these things go up
and I think it’s going to get way more
wild than the those IPOs in the future
Horizon Oz 200 holding its own why
because it’s like the footsie they’re
both basically very uh Financial based
you know indices and then of course
you’ve also got very very very strong
energy focus and commodities Focus look
at the footsy go you know a few weeks
ago we we already reported on this
strength around here and here and it’s
just been going better and better and
better and I don’t expect it to be weak
you know I think pullbacks by met by
bull demand it’s a very strong setup for
Breakout looks like that Market’s doing
very nicely speaking of markets doing
pretty nicely Chinese market also
improving take a look at this guys 10
cent on the right HSI on the left you’ve
got to love the volumes you’ve got to
love the big break you know the one
thing about Chinese markets as if they
really get going and of course they’re
not really going yet uh they get wild so
you can go back through the history and
see what happens but yeah it does look
like it’s turned of course inverse Head
and Shoulders here and break of the
descending horror show uh Channel now
you always want to see leaders coming
through and this is arguably one of the
best companies in China so it’s uh
improving why well I think there’s an AI
play there and I’ve talked about it for
a long long time uh let’s talk about
German 40 here and it’s also improving
why Financial sap as well being like 10%
of the company and it had decent
earnings I guess and you’ll notice
there’s big Wicks so I’m not trading the
German 40 but you can’t deny it looks
pretty pretty strong it did have a
decent trade on it last week we talked
about in this Zone other than that it’s
doing all right let’s move over to the
US 2K now very nice level that 1950 55
area looking for a new break high again
where are we we’re just at that little
bit of res which you’ll notice is Supply
over here we’re just at that breakout
area and what are we at we’re at spy
5100 they’re all connected guys they are
all connected generally you’re looking
at them for a little bit of edge S&P
tends to be the best I can see why
people are bullish here I want it to
break out from this point to continue to
the bull and you if it doesn’t do that
then of course it’s at res if we look at
the NASDAQ very similar previous
supports big level that we talked about
in the few in before that that led to
further selling now we’ve rallied back
up to it and I’ve got like lines
everywhere here all correlating with
around this 17,700 to 178 so yeah next
100 points very pivotal for Nasdaq just
like the S&P let’s now move over to the
crypto world so Bitcoin
H it’s kind of struggling and look it
it’s it’s just pulling back in time at
this point I still want to see a 30%
correction in Bitcoin and some people
out there are going to say I hate you so
much for saying that I I just think it’s
you know normal uh and you’re going to
get one eventually it’s always happens
in all the bull runs so most traded Zone
obviously down to the 52k at this
point Bulls take control level just
failed last week we’re pushing down it’s
hard to to say that you want to go and
short it heavily I mean of course
underneath this level of closure under
60 as we’ve already talked about that’s
very negative there’s no shelf on the
left at all on this but uh yeah I I
would say look I’m kind of neutralized
into it you’ve got to pull back in time
you cannot deny the strength of this
Market you cannot deny the Huddle of the
market in general because there is so
many buyers out there eventually on this
on this particular one but uh yeah
you’ll notice here the weeks were also
decently strong so this week close could
important let’s move to ethereum because
I like to look at the alts uh still most
traded Zone still watch reaction level
so we we kind of pick the topping of
this current little bit I don’t really
feel very confident in the bull really
regaining until those levels are taken
just like the Bitcoin zone so I think
you quite stuck guys until we get a
breakout either way and that’s sometimes
how it happens you know a lot of people
say in the comments oh you know pick the
direction man you pick the direction
when you actually see Edge and if you
don’t have Edge you’re not going to pick
the why would you pick the direction I
mean you’re generally going to be
bullish but you must see Edge for a
trade if you don’t not every day is
going to be an excellent day and you
must learn that lesson otherwise you’ll
get your ass kicked and I know cuz
happened to me back in 0708 09 yeah I
got taught some nasty lessons over there
especially about gaps man when they
started those uh they started the QE you
know if anyone was there during it I
still remember the qes and they were so
wild you were getting like
150 pip gaps in currency which on the
euro in 1 second and it was just like
everything was just slipping everywhere
and it was horrible some people will
have experienced something similar if
you traded gold through 2020 when
Goldman and all the interbank feeds fell
off and I think it was a $15 moveing 15
to $50 move in Gold uh without even a
trade because the thing just blew up so
you’ve got to be very very very careful
about liquidity in those times as well
and always keep an eye on that all right
let’s take a look for the week ahead now
so we’ll load through these data results
and as we know it’s mostly about
earnings but we do have some US News
coming through and then we’ve got here
some PMI data coming on Wednesday which
is this is on New York Time by the way
then we’ve got our favorite fomc
statement funds rate and press
conference so that’s that’s going to be
no doubt volatility generally speaking
we see kind of weird movements here then
sometimes reversals during the
conference and of course the discussion
points that will be probably the biggest
bit of news for the week along with
nonfarm payrolls so have the jobs
started to slow what’s going on with
unemployment are we in stagflation you
know another kind of thing that we’re
looking for there if you enjoyed today’s
video then remember to subscribe and
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weekend bye for now

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