Page menu

Wednesday, October 22, 2025

Hitting on All Cylinders: From Netflix’s Earnings Miss to the Gold Rush Collapse

 Date: October 22, 2025 | 04:53 AM CDT 

Well, folks, it feels like we’re hitting on all cylinders here! From threading the needle through last week’s market turmoil, calling the top in gold and gold miners - "Talk of the Town" -,  yesterday’ breakout on $WEBL, not to mention the setup on Crypto; and yesterday's bearish call on Netflix, to it’s been a wild ride.  All documented for your review:

Yesterday, I teased a deep dive into gold miners, and with gold’s double top confirmed and the sector crumbling, the timing’s spot-on. Let’s start with Netflix, pivot to the gold rush collapse, and sprinkle in some trading wisdom—including a shoutout to my AI sidekick, Grok.
 
 
  • Netflix Bearish Call

    Check out my tweet from 20:16 UTC yesterday, flagging $NFLX’s failure to break $1,267.10.

     
    Of course, that $NFLX call was made with only minutes to spare - tough to pull off a trade in the final minutes without being left looking like a deer in the headlights - but with Grok’s help, you might have been able to zero in on some put action or hedged your longs by selling calls... Grok’s speed is a game-changer. Grok/AI linkI Follow
    @3Xtraders
    on X for real-time updates. Questions? Drop them below!
     
  • $WEBL broke out after yesterday’s reiteration, and with the Dow hitting all-time highs 

 
Yeah ,whatever, when are we going to get to Gold miners?! 
 
 
  • Gold "Double Top" Called - Miners Follow

    The double top in gold is called out in real time:


    Taking profits seemed a wise move:


     
    This second rout had investors paying attention:





     
  • Paper Trading Wins 

    Showing off my paper trading skills after 2 perfectly timed Gold contract trades  


    •  
    Yesterday, I teased a deep dive into gold miners, and with gold’s double top confirmed and the sector crumbling, the timing couldn’t be more perfect. 
     
     
    The Gold Rush: Is It Over?The gold rush may be fading, more on that in a moment. #FunFact: Gold miners flocked to California to strike it rich, but few succeeded HowStuffWorks.   
     Gold Miners Library of Congress
       $GDX Gold Miners - 60 min. chart view - Guess what? We're no longer looking for a top, we're searching for a bottom, and staring into a bottomless pit - looking at market futures. I suspect this is because the big fish are planning to start today's trading session off with another shakeout, followed by some heavy call buying, months out.   
    Rug pulled below the 200X sma 


         As you can plainly see the trend on the 60 min chart view is broken. 

    $GOEX     Global X Gold Explorers there's your stophunt being taken out. If you've been following me closely over the past few years then you should already have a good idea, who I think may have pulled the rug on the Gold trade.       

     The next most obvious target is the 50 day ma, and considering the fact that these are the only targets that seem to matter, these days, this should be an easy trade.     I suspect we're only in wave "A" (the first leg down, in a massive reversal), and possibly heading into a multi-year bear market, but wave B could look like a face melting rally that lasts months.     



    Word to the Wise: Leveraged ETFs Are Not for the Casual Investor

    With $GDX and other leveraged ETFs in the spotlight, a quick reminder: these are high-octane tools, not toys 


     
    Posted by at

    No comments:

    Post a Comment

    Subscribe to: Post Comments (Atom)