GOT

Key Developments The S&P 500 declined 2.5% last week, with Utilities (+1.2%) the only sector higher. Communication Services lagged and dragged the index lower (-6.3%). Mixed results for Q3 earnings reports and potential escalation in the conflict in the Middle East prompted risk-off trading action. Gold rose above $2,000/oz for the first time since May. […]

  Gold has just bounced off 3 key long-term moving averages that we’ve been watching closely. We believe gold could […] To access this content please upgrade to another membership

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No new activations this week. Key Highlights: Stocks are continuing to show weakness as rates edge near the highs and Q3 earnings season ramps up. XLY hit target 3 which prompted us to close the trade, while SPY is continuing lower towards tgt 3. Previous Activations Long UBER- The trade has hit the stop loss […]

Today’s weak level of existing home sales (4 million/year) are similar to the 2008 real estate bust. History shows that […] To access this content please upgrade to another membership

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We have four new setups this week, while COPX was removed from the pending list given a break below its primary upward trendline. New Setups NVDA IWM XLI KRE Asset Classes Equities Nvidia Corp (NVDA): New Setup Equity ETFs iShares Russell 2000 ETF (IWM): New Setup SPDR S&P 500 Industrials ETF (XLI): Net Setup SPDR […]

Key Developments The S&P 500 declined 2.4% last week, with Consumer Staples (+0.7%) and Energy (+0.7%) the only two sectors positive. Real Estate (-4.6%) lagged. Higher rates continued to drag on the growth equity style and tech stocks, with the 10-year Treasury yield reaching a high of 4.99% on Friday. Commodities were among the best […]

Wars lead to surging government debt and oil prices, which could have terrible consequences for the consumer. In today’s note […] To access this content please upgrade to another membership

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No new activations this week. Key Highlights: Rising long-term rates in recent trading sessions continue to drag stocks lower. Recent bullish activations have seen prices sharply reversed lower as a result of that. We’re closing NFLX as it hit target 3 right before the earnings release of 10/18. Upcoming earnings releases will prove pivotal for […]

The last time we saw the yield curve steepen like today was in January 2007. Historically, this happens around 5 […] To access this content please upgrade to another membership

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We have three new setups this week, while UBER, RSPD and XLB turned active. New Setups TLT COPX EWZ   Asset Classes Equities UBER Technologies (UBER): Pending→Active (Turned active October 10)   Equity ETFs Invesco S&P 500 Equal Weight Consumer Discretionary (RSPD): Pending→Active (Turned active October 10) Materials Select SPDR Fund (XLB): Pending→Active (Turned active […]