Announcements:
1. I'm finally back on Twitter/X after getting booted off for a week. I guess I said the wrong thing, but that's bound to happen once in a while, after tweeting 200k (196.8k posts) times!
Funny, back when I was a social media influencer on Yahoo, before there was a Twitter, I never got booted off the site, not even once, and I still rely on yahoo finance, when doing my research! I hope Elon runs DOGE better than he runs Twitter/X.
2. Be sure to check out all the important blog updates from last week; in case you missed them.
All That Glitters Is Gold
All That Glitters Is Gold, is a line from the song Stairway to Heaven, which is undeniably one of the best classic rock songs ever written.
Gold and the China trade seemed to be the safe haven trades on Thursday, as sectors such as Retail, and Transportation continued to be punished.
So is gold a safety trade?
The biggest Gold bug on Social Media thinks so
Will gold close above $3,000 today?
— Peter Schiff (@PeterSchiff) March 14, 2025
I'll let you decide if a 1 day pump to the $3000 level seems like a
bullish move, but I've alerted to this obvious Gold target several times before....
If WWIII breaks out there's no reason #Gold can't continue to run to my $3000+ target pic.twitter.com/SkO1WFU1sH
— Veteran Market Timer (@3Xtraders) April 4, 2024
It didn't take WWIII to drive gold to $3000, but greed is a powerful motivator....
Market Update
Friday, we saw a relief rally as Chuck Schumer, and other rich democrats covered their short positions.
A government shutdown now seems unlikely. That's giving the stock market a much-needed boost.
RE: The current state of the market
As I posed on Truth Social last week, the recent sell-off doesn't surprise me at all.
I have been trying to warn investors for over a year that the rally wasn't sustainable.
Go back and look at the 100's of warnings I put out, in 2024 alone.
Bitcoin included
Rally Bitcoin into the New Year, and then crash it on Trump's watch - looks like the plan #TrumpTrade $MAGA pic.twitter.com/k4H8GfBejQ
— Veteran Market Timer (@3Xtraders) December 19, 2024
Dec, 2024
We've been pricing in a Trump win all year long. Fox Business is not where you should be looking for insight.
— Veteran Market Timer (@3Xtraders) December 3, 2024
The market has already been primed to crash on Trump's watch. This is the plan.
I even put out a final warning on the $VIX levels, before every Tom, Dick, and Harry in the lame stream media started pointing at it.
I's say investors are pretty complacent here $VIX 15
— Veteran Market Timer (@3Xtraders) January 31, 2025
Winning!
So what next?
This may feel like a crash, but that's only because we haven't seen a correction in over 2 years. By comparison, even the Yen/Carry unwind (at $VIX 65) was only a 1 day sell-off, which was met with panic buying (or the plunge protection team...), , but at this point in time this pullback cannot be characterized as a market crash.
I think we could retest the lows again, and I think a final shakeout is likely going to take place in the most (still) overbought sector, Big Tech
NASDAQ - resistance becomes the 200 day moving average.
The bullish channel is broken; In case you didn't already notice that. That is very bearish for the tech heavy Nasdaq, and Mag7 stocks specifically.
Technically the NASDAQ isn't BIG tech, asd much as the $NDX is, but I'm not here to offer free targets to the public.
This I can tell you; the News Cycle has changed, and until the market can rally again, on bad news, sentiment remains bearish.
All Eyes will be on the Fed this week, and I can't tell you, at this moment - on this Saturday - how I intend to trade it, but as long as the $VIX continues to trade above 20, I suggest investors remain cautious.
No Pain, No Gain? Trump Adopts New Zen-Like Approach to Stock Market Swings
Take Care, and GL AA
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