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Sunday, August 24, 2025

Weekend Update Stocks Crypto Precious Metals Gold Silver Market Breaks Out to New ALL TIME HIGHS

Markets rallied to new all time highs on Friday, or at least certain parts of the market did. 

Precious metals miners made several new highs last week

$DJGSP (Dow Jones Precious Metals Index) tweeted 

 

The NASDAQ, and Mag7 stocks DID NOT make new highs, and the fact that $NVDA was throttled first thing in the morning with a suspiciously timed press release.

Tech is trading at basically the same level is was on July 4th 

 


  I think there's a good chance we see tech taken down on or even ahead of NVIDIA earnings. 

 $TECS 3X Tech bear 


 

Technically the $SPX didn't make a new all time high, but that didn't stop the hedge funds internet trolls from rubbing salt in the wounds, for anyone who was dumb enough to go short into Jerome Powell's Jackson Hole speech - more on that in a moment. 

Here I am raining on their parade on Saturday morning:

Funny that the $SPY (the heavily traded S&P 500 ETF) managed to barely touch a new high, yet the $SPX itself didn't....  

Something that I found even more interesting was that the $NYSE (a better measure of the broader market than the $SPX) actually did breakout to new highs!  

The Dow Jones Industrial Average broke out to a slightly higher high, and Trump was seen taking credit for it, but the Dow isn't a good measure of the broader market. 

I think the $SPX can close at a fresh high on Monday, and you'll find this 5 minute chart view pinned to the top of my X (formerly twitter) page view.

Of course I saw this rally coming from a mile away     

I even went out of my way to try to warn the market bears in early August, to try to stay on the right side of the trade, and I even provided charts. 

Trump Headlines Continue to Drive Market Direction: Precious Metals Gold Silver Miners, Crypto, and Tech Stocks - my take

The Bear Trap  

As recently as Wed. of last week Bloomberg and CNBC were both seen reporting a "5 day losing streak", and CNBC Fast Money even went a step further calling it, "the worst selloff since January", a total lie. 

Here I am trolling that clown car show: 

Here's a little secret: If you check a $NYSE chart, you'll find that the market hardly pulled back at all. 

So how did they pull the $SPX down...? 

Wall Street slips as Walmart helps pull S&P 500 to another loss daytondailynews.com 


After all is said and done: It was certainly a good trading day as buying programs were triggered by hurdreds of news reports stating that Powell has opened the door for a Sept. rate cut.

In case you didn't know it, buying programs are programmed to trigger buy orders on certain keywords or phrases such as "Powell rate cut Sept.", for instance.  

In truth Powell didn't say much about timing, or certainty, but facts don't matter when trading in this type of environment. 

Ethereum rallied 14% to retest the recent highs, and solar stocks ended higher.     

 Take Care, AA 


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