Markets ripped Monday, momentum carries into Tuesday with smaller overnight moves on top.
SPX trending out of consolidation, %R at bullish extreme, 7,600 target zone in sight.
RUT EA flags SKIP on the cash. The Bollinger Band pinch on 10m offers a 1-DTE alternative.
Premium Popper split today: SPX HALF (-2, reduce or skip), RUT NORMAL (+2, clean pop and drop).
Gold, Crude, and BTC all grinding sideways. Bears hibernating on BTC, 50K spelunk likely next.
Three assets read the same Fed-independence ruling three different ways on Monday. Equities heard a gift, the 2-year heard nothing new, and the largest corporate Bitcoin holder heard “ration the receipts”. This is the question that puzzles me most this week.
...The Supreme Court preserved Fed independence on Monday and stocks took it as a gift. Strategy’s board took it as a cue to authorise $1.25 billion of Bitcoin sales. Bitcoin took both and stayed under $60K.
...Bullish overnight push across the indexes. Enough to be exciting, not enough to be abnormal.
New Tag ‘n Turn Expert Advisor calls Friday’s SPX setup a PLUS, with size at 1.5x. Add-in confirms above ~7,400.
Crude meandering at the upper end of the 27 Feb gap. Juice or squeeze? The flip from calls to puts is coming.
BTC probing below 58.5k, no fresh sellers yet. Bear bias still in force. 67k is still a way off.
The US bombed Iran twice over the weekend. Iran hit two US bases. Gold fell. We walk why the textbook reaction never showed up, and what the gap is trying to tell us about the next storm.
...Three nights of US-Iran combat, including Iranian strikes on the US Fifth Fleet HQ in Bahrain and the Air Base in Kuwait, and gold fell. The market has now priced the seventh peace agreement with the bombs still landing.
...A salary used to buy a house. A pension used to fund retirement. Inflation used to be 2 per cent. And a job used to be safe. The data across the UK, the US and Canada now says all four promises are broken. Here’s the case, and what comes next.
...Dow and Uncle Russ tagged new highs again and rejected. Again. Top in?
Mr Theta did the heavy lifting on crude before the target even printed
RUT swing turned into a hedged zone with double-profit potential
Micron rocked up on the dance card with the 6 money making patterns
Apple raised iPad and MacBook prices 20 percent on memory costs and the stock paid back 6. The bond market did not engage. Either the rates side is right that this is a margin transfer, or it is wrong and chipflation is the next print the Fed has to chase. We can work out the shape from here.
...Apple raised iPad and MacBook prices 20 percent on memory costs and the stock paid back 6. The Dow set an all-time high. The Nasdaq logged a 4-day losing streak it had not managed since February. The bond market did not engage. Equity leadership did.
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