The Bearish Pivot Out of Crude Oil, and Energy Stocks - Where Does The Money Go Next

While the talking heads ignore yesterday's absolute crash in crude oil - Fast Money producer Tim Seymour is busy spinning political conspiracy theories about "oil futures" - I'm celebrating, yet another win.  

The Recipe: 

"Sunday, Oct. 25th - The Real Market Bubble - That's Flying Under Everybody's Radar

Not AI. Not Big Tech. Those are required to keep the 20-year bull alive.

ENERGY" [link to full blog]

$USO DCS Chart - Typical topping pattern - funny Fast Money's chart master didn't alert anyone to the inherent danger of chasing an over-bought rally.

What ARE the talking heads sounding alarm bells on? Nope, not Apple earnings - not French bond yields either.

They are fretting over The Proposed Valuation Anthropic IPO - Is It Worth $2t, or only $1.5t? 🤣

Speaking of Apple: 

The $AAPL chart sells off towards my green support line - the one I pointed to yesterday evening. 

Apple sells off to my green support line. $AAPL 📉 👀 https://t.co/lDHp2wh188

— Veteran Market Timer (@3Xtraders) November 3, 2026

As I stated last year, around this time Apple is one of the only stocks that matters - because of its obvious heft.

If they were to allow Apple to tumble it would pull the $SPX down, and I believe the majority of money managers are interested in harvesting a 4th year of capital gains - at the end of 2026. The end of the quarter is only 2 months away, so it's time!

The January 2026 Blog Doesn't Only Rhyme With Today's Market It's Nearly Identical...

you gotta see this for yourself

[link to the full January blog]

The Core weave & Oracle Stories never seem to get old...

The actual "Names To Watch - The Top 3 Heavily Weighted Mag7 Names in the Dow

• $NVDA Nvidia #1 AI leader 

• $AAPL Apple - makes wearable smart stuff 

• $MSFT Microsoft AI leader"  

Of course the semiconductor space is a big part of the unhealthy AI rotation, so let's throw up a chart - 

$SOX DCS Match Game Chart: Shows an identical shakeout just below the 200-day SMA — same as the one we saw in August 2024, with the same evil geniuses still running the table.

Certain sectors look downright scary—even consumer staples, which have served as a safe hiding place - e.g., $MO traded to new all-time highs, yesterday. Home builders and transport stocks hitting recent highs - crickets from the talking heads? Classic misdirection.

Pick your sectors wisely, because there's only one sector that can lift the tech heavy S&P 500 - into 4th Quarter Window dressing.  The same High Beta AI sector they just tried to shake you out of.  

 

The Quarterly Rebalance They Tried To Call A "Tech Selloff"

The Friday Bloodbath Everybody Saw Coming From a Mile Away 

You knew the spring was wound tight, or should've known.... It was one of the most obvious setups we've seen in a long time. This is prime time for $VIX volatility. #MACROs #Hedgefunds #Charts #ProCharts #WallStreet #Signals https://t.co/Ndt75N0yPh

— Veteran Market Timer (@3Xtraders) October 30, 2026

Last Week's "Tech Selloff" - Trick or Treat? 

Yeah, Friday's session was a bloodbath for big tech (NASDAQ -3.5%) - yet small caps only pulled back - risk on indicator. That's an absolute tell. 👀 

Smallcaps pull back from yesterday's highs, but it's your tech shares Wall Street fats cats want. #NASDAQ $NDX (-3.25%). 🔥 https://t.co/lvhKJG6WPR

— Veteran Market Timer (@3Xtraders) October 30, 2026

 (typo fix- they want your tech shares) 

Here I am - hold my beer - calling for another 5% - 10% drop on most hated Trump stock pick, INTEL.

I think Trump pick, Intel, can lose another 5 -10% $INTC #TrumpTrade #MidTerms

— Veteran Market Timer (@3Xtraders) October 30, 2026

That points to just another bear raid - not panic. 

The $VIX couldn't even manage to close above the 20 level. The $VIX don't lie, like the talking heads. 

Smells Like Another Trick To Me - they only sold the junk they already don't like - INTEL (-29%).   

We saw this pullback coming a mile away - minus the fake blood, just in time for Halloween. 🧛🩸 

Did Jim Cramer just capitulate - calling this a stock-pocalypse - or am I watching a bad rerun? 

@Polymarket Bozo the stock picker need to retire https://t.co/oPJqiOU5Jk

— Veteran Market Timer (@3Xtraders) October 30, 2026

 Here's his current boss running a similar psyop: "SELL, SELL, SELL!"

@CNBC Only buy stocks when others are panicking, and turn off the TV. #ProTip

— Veteran Market Timer (@3Xtraders) October 30, 2026

Meanwhile: we're still making 80% contributions to the 401k - and I suggest you do the same.  [disclaimer: consult a certified financial planner, before investing]  

If the $VIX continues to gain traction above the 20 level, and gets into the 30's then I would be forced to reevaluate that strategy.  

Make no mistake: massive AI CapEx will eventually become a legitimate macro concern. When that day comes, the $VIX will have zero trouble exploding past 30, 100, and beyond. But Friday wasn't that day. Friday was a manufactured nothing-burger.