Trading-Capital

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True Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher. We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged. Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis. Gold is moving on fear...

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META has been doing the heavy lifting for the communication sector. One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance. Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.

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AVB has a death cross that is approaching. This pattern still favor's a near term bounce but will likely resume its longer term downtrend once buy the dippers are exhausted. This is a trend that is not your friend.

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Vici properties is showing weakening in its trend. This has been directly tied to the weakness in XLRE - real estate We believe VICI properties has much more downside. This specific Real estate play also has much property exposure to the casino type names. With many of the Casino charts like MGM, LVS looking "topheavy" this may be a correlated play that already...

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With major weakness in the banking sector we are still seeing the contagion play out. Some banks are more at risk than others. Based off of a blow out in Credit Default Swaps. The bond market is showing there is tremendous risk in this bank. Just like Credit Suisse CD's blew out befroe the collapse, we are watching COF credit defaults blowout.

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This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels.

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Apple seems like it wants to fill the major gap around $163. This coincides with the trend range its been chopping in as it makes lower highs & lower lows. Since Apple has the heaviest weighted market cap it often does the heavy lifting in the market.

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Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by $300B & rates continuing to soften substantially. Bitcoiners are front running a Fed pivot and buying up this rally. One thing is for sure their is still major technical resistance up ahead and some consolidation is due.

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Are we about to witness a technical breakout in the QQQ? Yields have softened, Disocunt window opened, heading into options X...lots of catalyst to rip higher. However Tech is overbought and into technical resistance.

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Oil has hit some near term support at the weekly 200 MA but don't be fooled by this level. Its no longer a major support level. If tomorrows weekly close closes outside of the white wedge pattern this chart looks extremely vulnerable to more downside.

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Nvidia has outperformed every mega cap stock there is. Clearly leading the way to the upside i think once NVDA tops it will lead the marekt lower. NVDA is now trading at a 148PE, making it more expensive than the previous 2021 high.

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Caterpillar is on the verge of triggering a bearish topping formation. This stock has been a powerhouse during the rising rate environment. if this market leader breaks down its signaling weakness in the economy and likely the industrial sector.

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Today we saw a systemic risk in the financial sector. The regional banks were hit extremally hard and as a result the Major banks saw sell side liquidation. Where there's one cockroach, there's usually another. Risk in the banking sector is the worst type of risk investors can ask for. Credit liquidity crisis is not something to mess around with. SIVB looks...

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XLF is now trailing behind the KRE . This topping formation has now triggered on the daily chart and is showing us there is a tremendous amount of risk in the banking sector. Will we see a small bank blow up which causes contagion?

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With the recent weakness in Oil and natural gas, its likely impacting the performance of XOM stocks going forward. XOM is testing some key areas. If the levels break the target on XOM is $100.00

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Long term views clear up the noise. Looking at this chart shows the 30 year yield is likely going to continue higher. Long term trend changes are serious and should be respected.

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looking back at historical inflationary support levels...inflation remains sticky and you can see why.

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Copper is struggling at resistance. Often when Copper Struggles, so to does the S&P500. Copper can be ultra sensitive to the Dollar and yields, so watch it carefully as an economic barometer.