The AI trade got a swift kick, Uncle Russ slipped into correction territory, and Don Bear collected on the S&P and NazQuack. My opinion said bull, the data said bear, and the data got paid. Plus crude heading for its range high target, Bitcoin pushing off the channel low, and the Premium Poppers popping on SPX and RUT.
...The bear is packed away and the bull cycle is in effect, so naturally the Dow ran bull premarket, then gave a fuck you bear move right at the open, retreating 100%. Here’s where that leaves SPX, Crude Oil and Bitcoin, plus the Premium Poppers the team banked.
...The bear séance is over. Midterm October has historically been the best month of the year for the Dow and S&P 500, Uncle Dow is already leading the charge, and breadth sits at the lower extremes that marked this year’s turns. Plus the SPX, Crude Oil and Bitcoin reads.
...All eyes are on the S&P and Naz walking the tightrope. No one is watching sleepy Uncles Dow and Russell, and they haven’t finished falling. Above 7850 or below 7800 settles it.
...The SPX bull breakout reached its target and the Tag n Turn tool is flat again. A bear setup has already flagged, and it’s tipped to skip. Meanwhile 2 indexes print new highs and 2 don’t. Same story, same handful of AI stocks.
...The bull keeps defying gravity, the breakout is confirmed, and my opinion is clearly bull shit. Today’s plan is 3 words long. Plus NazQuack at a new all-time high, 3 butterflies in under an hour and 1 missing bear.
...