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. 

Best Trade Of The Year - Says A Lot About This Market

The Brazil Crash  

🚨 3X leveraged Brazil bull ETF $BRZL -80% - in premarket #OUCH https://t.co/Ag2XiYsRY1

— Veteran Market Timer (@3Xtraders) October 26, 2026

 

Did I sell into the election? No... trying to call a crash is a fool's errand.

I bought the dip on the $BRZL - just after pre-market trading opened - before there was much of a bid...  

• First order filled @ 7.99
• Second order @ 7.25 
• & lo and behold - before the end of the trading session - I found myself up well over 100%. I may not recollect how I ended up back in the black in October (a rough month), but I'm pretty sure the daily double in $BRZL is my best trade of the year. 

 This is the same ETF I featured in my Oct. 6th, 2026 blog: "newly created $BRZL 3X Brazil Bull ETF was up 40% before lunch. #ChaChing Chart has already been added to the public charts list [linked]".  Same leveraged ETF I added to the public charts hub in Oct. The same chart nobody paid any attention to. 

What this trade says about the broader market is that there are a growing list of meme trades to take advantage of - but end up on the wrong side of the trade, and you can find yourself down 80% in a thinly traded ETF, before the opening bell, with no bid underneath. Just look at what a handful of slick hedge funds did to the South Korean ($KOSPI), over the summer, or the recent Elice IPO, even though currently there is no leveraged product for Elice. So much for blaming market volatility on leverage. 

There will be winners and losers, and this is why I recently called this pin action the

Best Swing Trading in 20 Years 

Oh, And For The Rest Of This Rotten Market? 

There are trades to be had - i.e., the latest 2 day win streak in semiconductors - but when the talking heads are breathlessly trying to steer you away from the hottest trade, by throwing terms like "falling knife" - like a troll army working for the hedge funds instead of a news organization - good luck. 

"Semis got smoked" - Bloomberg Surveillance talking heads giggle. Highly inappropriate, totally unprofessional. "Very sharp falling knives" (last week). @BloombergTV @business $SOX #Semiconductors #AIselloff

— Veteran Market Timer (@3Xtraders) October 23, 2026

We're Supposed To Worry About The Next Fed Announcement - tomorrow Wednesday 

That sets up for another taper tantrum, as yields spike - and hopefully a buying opportunity like the one we just found in Brazil!  Viva! 

Saúde! 

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

The bubble almost nobody is talking about is the place everyone ran for cover after Trump’s tough talk (Independence Day Sanctions) crashed the market: the same trade that has been driving European equities into bubble territory. The “safe,” boring, dividend-paying value stocks—specifically the megacap energy names that continue to serve as the ultimate investor hiding place. It is the only sector still trading at all-time highs.

Wall Street hates the C-word (competition) even more than the I-word (inflation). Just look at how T-Mobile is being crushed on the prospect of going up against SpaceX/Spectrum. Energy is no different. Oil drilling is an ancient technology facing real, incremental competition from nuclear capacity additions and low-emissions hydrogen.

I've just discovered the real market bubble, and it's not in tech, or AI. It's in an ancient technology - soon to be rendered obsolete - oil drilling. $BP.L & the $XLE trading at all time highs, just as gold miners were at the beginning of the year. $XOM $CVX #CrudeOil #Gold #Rotation #SectorRotation #MarketBubble

— Veteran Market Timer (@3Xtraders) October 23, 2026

Same subject showed up in an AI query the next day. One of those uncanny coincidences:

1. ExxonMobil: Fusion energy makes oil obsolete. (edited for length) 

— Grok (@grok) October 24, 2026

Fun Fact: ExxonMobil (XOM) and Chevron (CVX) are the two largest integrated U.S. oil and gas companies, both tracing their roots back to the historic Standard Oil Company founded by John D. Rockefeller.

Here Comes The Midterms & The Battlefield Is Already Taking Shape:

  

Fossil-fuel firms in line for billions in benefits after answering Trump’s donation call - and Democrats Are Furious 

"The estimate of $190bn savings for industry is calculated from existing tax breaks and subsidies over the next 10 years plus new benefits delivered by the One Big Beautiful Bill...

In addition to an estimated $201m investment in Trump’s re-election campaign, industry executives contributed $19m to his inaugural fund, which the report described as “the largest political investment the industry has ever made”.  (theguardian.com)

The Battle For Alaska 

 Alaska is a Republican stronghold in an energy-rich state: The stakes are so high that the Trump administration’s Justice Department is threatening to sue to preemptively block certification of the Senate results if Dan Sullivan loses (citing a second candidate with a nearly identical name). Sullivan has made the 807-mile natural gas pipeline the centerpiece of his re-election. A loss to Mary Peltola would remove its most influential Senate advocate. Even if Peltola has expressed support for the pipeline and local refining, her broader platform aligns with national Democrats’ focus on restoring renewable tax credits and alternative infrastructure. A broader Democratic gain in either chamber shifts federal priorities away from traditional fossil-fuel subsidies.

Someone is making a lot of money... and doesn't know how to keep their mouth shut  

US President Donald Trump posted on Truth Social: "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money." https://t.co/xJZMefbg1l

— NDTV Profit Alpha (@NDTVProfitAlpha) March 12, 2026

Three things are still driving the energy bubble right now:

• The Trump Trade: from “Drill Baby Drill” to the ongoing “Bomb Bomb Bomb… Iran” posture, straight from the McCain/Lindsey Graham playbook.

• The Safety/Value Trade: fueled by the inflation narrative and higher yields. Before you can say “20-year Treasuries,” the algos have already rotated capital. They call it safe. I call it the ultimate value trap.

• Dumb retail money is all-in: once crypto cooled, the crowd found nano Crude Oil Futures on Coinbase Derivatives and DEX tokens representing crude. You couldn’t have planned a cleaner setup for the moth-to-flame trade.

We’ve seen this movie before: Peak-oil theory was pushed hard in 2008 right before the trap door was flung open. Oil is likely to make the biggest short-term reversal; energy equities will follow.

Energy became the alt-rotation trade out of tech. It is now acting like the FOMO names it replaced.

That turns the “safe hiding place” into a value trap. The bubble flying under everybody’s radar is not

in the technology still needed to drive the longer bull. It is in the ancient technology everyone decided

was the place to hide.

John McCain Sings the outro: "Bomb bomb bomb, bomb bomb Iran"

P.S. 

P.S. Friday’s Fast Money episode provided a textbook example of the institutional legacy media playbook. Resident chart monkey Carter Worth whipped out an OIH-to-XLE comparison chart to pitch a convenient "catch-up play". Right on cue, the panel nodded in synchronized agreement. Tim Seymour dutifully disclosed he is long his favorite component of that index, but let's be real about the architecture of financial television: when the microphones turn on, the talking heads are paid to talk their own book. It’s an elegant system designed to manufacture retail demand right at structural technical resistance. If you like SLB, look at the actual tape—it's trading right into another Head & Shoulders pattern—rather than buying the smoke being blown on cable TV. Trust the charts, not the scripts. 

You like SLB? Then show the chart - trading into another H&S - rather than blowing smoke.   

That concludes the dumb money segment. 

Trust the charts; not the talking heads.  

The AI Selloff, SpaceX, Coreweave, & Oracle All Have This Common

  Lately, every other market move I uncover seems to read like a crime scene.

You'd have to be living under a rock to not know the "AI selloff" is a thing—yet the talking heads keep pointing at CoreWeave... Well, after a little digging, I found that the bear market they're actually fanning the flames on is the sell-off in "neo-cloud." Think of these as the nano-scalers' answer to compute power that the hyperscalers can't provide fast enough. In short: It's power on demand, and it's hurting Microsoft's profit margin.

To get a breakdown, I ran a query through Gemini on the etymology and history of the term. Shifting past the corporate jargon, here is the raw reality of what a "neo-cloud" actually is:

• The Paradigm Shift: It's the structural split from Cloud 1.0 (general-purpose IT hosting) into Cloud 2.0—highly specialized, physical hardware acceleration optimized purely for the algorithmic demands of AI.

• The Operational Reality: Unlike traditional CPU-centric hyperscalers (AWS, Azure, GCP), neo-clouds run bare-metal, GPU-centric setups built for massive parallel processing and LLM training.

• The Crypto Roots: Many of these players started as cryptocurrency mining operations. When the crypto landscape shifted, they were left with immense infrastructure capacity and expertise in managing dense, high-power hardware setups.

Now that you're familiar with what a neo-cloud is—here is the kicker...

I found one of the most recent Roundhill creations (ETF's) - created back in August - right around the time the market started tanking – precisely targeted this specific group. Top holdings: CoreWeave, etc.

$NCLD Roundhill Neocloud ETF - beaten unmercifully - starting at the end of the summer.  

But Why Oracle?

Follow-up with Gemini:  "Oracle surely isn't one of those - nanocloud. So where's the connection - as their stock continues to be hammered, and pointed to, by the talking heads?"

The Short Answer: While Oracle is traditionally a legacy enterprise software giant, financial analysts have explicitly relabeled Oracle as a "neocloud" stock (cnbc). 

The "talking heads" on Wall Street are hammering Oracle's stock (which has shed over 50% of its value from its peak) because Oracle is no longer behaving like a stable, asset-light software provider. Instead, it has taken on the hyper-leveraged, high-risk operational profile of a boutique AI startup.

Who else is on the Neocloud list? None-other than SpaceX. In fact, legendary short-seller Jim Chanos recently labeled SpaceX the "largest global neocloud". (finance.yahoo.com) 

SpaceX up 10% in premarket. $SPCX bears trapped. #AI #Trade https://t.co/nKl9BhhkYk

— Veteran Market Timer (@3Xtraders) October 21, 2026

And now you know why the talking heads - all of a sudden - got so quiet re: the AI selloff.

Seems a little too quiet; think we may not be out of the woods - as I posted this morning:

The 401k just took out the previous all time high, but I think this rout in Neo-cloud (what they're calling the AI selloff) isn't over. The market lacks conviction - and as long as that continues you're going to want to sell the rips. #AISelloff As far as upping your 401k contribution - as I suggested on Sunday - no rush - better to wait... And wait until you see the next blog update - I just found something *groundbreaking!

— Veteran Market Timer (@3Xtraders) October 21, 2026 

 

*And now you know why the talking heads suddenly went quiet on the “AI selloff.” They’re not calling it what it is—a neo-cloud shakeout that just happens to include the two names they can’t stop pointing at—because that version of the story is a lot less convenient for the hyperscalers. SpaceX sitting in the same bucket only makes the silence louder.

Current Market Conditions: The Good, The Bad, and the Ugly

imdb.com

Had some major technical difficulties last week. Ended up pulling the public charts, and deleting a blog update – long story. To top it all off, I caught a cold. Hey, I would love to continue providing public charts, but with 135 tabs open, and the $VIX spiking above 20... I  have enough on my plate...

Time to Regroup:

The Good 

Public Charts Update - It was fun while it lasted: 

I made $100 on the bond rally. Watching the talking heads try to explain the violent reversal in yields - PRICELESS! 

🤣  

$TMV (3X 20 yr Treasury Yields Bull ETF) lost nearly 15% in a week! 

 

Energy - their favorite hiding place – closed at  new all time highs. 

Crude oil is going for a moon shot. They must want those $XOM October strike calls to pay - the $175's https://t.co/WugThFIGDC

— Veteran Market Timer (@3Xtraders) October 16, 2026

Financials ended higher on the week. 🤯

Here's how they pulled that off:

They piled into $JPM, & $BRK (2 most heavily weighted financials companies in the S&P 500).  Same balancing act... different sector. 

The Bad

3 min. Trailer (imdb.com)

Let's call this "AI Sell-off", what it really is: The multi-sector Oct. rug pull just ahead of Q4 window dressing season. Yep, it's another bear trap; involving all the usual suspects - except this time the barchart boiler room crew is reading from the same script as CNBC.

 Technically, yes certain AI stocks sold off last week, but here's the short list of sectors which are on sale. 

• Semis & Software same rotation (out) we saw in June/July - deja vu. 
• Financials (selling off since August)   
• Healthcare - tested the recent lows at Friday's close.
• Aerospace/ Defense
• Transports/Airlines    
• Small Caps (the risk off sector) - even lower yields couldn't stop Friday's bear raid. 
  
  

The usual suspects highlighting the momentum trade in Semiconductor stocks. #October #OPEX #Friday #Semis $SOX $SOXL $SOXS https://t.co/Mk9hjMQe0h

— Veteran Market Timer (@3Xtraders) October 16, 2026

Reminder: This was the same crew that took down the $KOSPI - earlier in the year [July 19th Chinese Reddit Traders Team Up To Help Create The Perfect Storm]

The poster child for the, "AI sell-off", CoreWeave $CRWV 🤷 https://t.co/Hf6lgZ1UVX

— Veteran Market Timer (@3Xtraders) October 17, 2026

The Ugly 

Big Tech - mega caps (NVIDIA included) is being used to balance the entire S&P, so MAGS continues to preform like a ballast that's used to keep the ship from capsizing - only down 2 days in a row, and only 3 days off the all time highs.  

The Wakeup Call Everyone Ignored 

 $VIX kissed 18.01 level Wed. Morning - I called the  breakout in real time – more than once. 

 This beez your line in the sand.   https://t.co/OpvApMzZPH

— Veteran Market Timer (@3Xtraders) October 16, 2026

They obviously kept their powder dry, waiting until Monthly Options Expiration Friday to drive the $VIX into a breakout (above 22).Crickets from the MSM, on the suspicions timing... 

With the $VIX still trading near 20 (closed at 19.99 on Friday) we are pretty far from, "out of the woods", but I'm already encouraging folks to keep buying the dips. In fact if you can raise your 401k contribution to 100% - this is the place to do it. 

Most investors are sitting on the sideline - $8t sitting in money markets. That's a contrarian indicator.   

Here's your chart of the day, $SPY traders. Bullish parallel channel. Gap faded. #Trade $SPX $VIX 22.25 Oct. OPEX #ChartOfTheDay #BuyTheDip https://t.co/vZCHqbOw10

— Veteran Market Timer (@3Xtraders) October 16, 2026

P.S. 

I prefer small cap value, over the Russell 2000, but is is what it is. #OnSale

— Veteran Market Timer (@3Xtraders) October 14, 2026

2. The Fidelity Board - Friday's Close: Small Cap Value Highlighted 

I would be very selective about which mutual funds you're putting money to work in.  $FBGRX, & $FFOTX, (same screen shot) lost over 2.25% on Friday, because they're tech heavy. Do your own due diligence. Talk to your financial advisor, if you don't have to time... that's what they're there for.   

Energy, and Oil Drillers, Make New All Time Highs - Trump Shows His Hand

While the broader market continues to chop sideways - tech lagging - financials consolidating after rallying for 3-4 days - the energy trade is on fire - trading at new all time highs. Funny aside - Gemini tried to tell me Exxon $XOM isn't trading at new all time highs, until I pointed to the chart. Then it admitted it was wrong. 

AI hallucinates a lot

Market leader Exxon in fact did close at a new all time high, after touching a new intra-day high ($175). Several energy names did...  Home Work: chart 'em all. 

tradingview.com

$XLE - (fresh chart) The entire energy space trading in the top of the range (two ranges - or channels actually) - headed for higher highs. Target looks like 68. It could overshoot, climaxing with a blow off top, just as gold miners did. I suggest you don't short it, until you see the whites of their eyes. Wait for volume to confirm capitulation. Since it looks like financials have stalled on $BAC (fines), I'm uploading this chart to the public hub [linked].      

The smart money is obviously driving the above trade - billionaires. Fast Money as well. The Trump pump should easily drive the trade above the finish line: 

Trump Shows His Hand - Art of the Deal Alaska 

Taiwan has agreed to buy 30% of the liquefied natural gas from a pipeline project in Alaska, US President Trump told a rally in the state, but the deal terms were not immediately clear https://t.co/CYHT5yZ1MX

— Reuters (@Reuters) October 14, 2026

Art of the Deal, Greenland -  

This deal was agreed to weeks ago - but the leftist mainstream media doesn't like reporting the details on Trump wins. That's fine: Trump is telling you it's "HUGE", and the performance on the oil drillers speaks for itself - far outpacing the performance of crude oil itself. 

Trump says 'massive' oil, gas and mineral exploration to begin in Greenland https://t.co/yBTH8ZwUF7 https://t.co/yBTH8ZwUF7

— Reuters (@Reuters) October 14, 2026

Trump’s Greenland Deal Boosts US Drilling Opportunities
Newsweek Sept. 23, 2026  

Good luck 

Columbus Day Fallout - Light Tape, Heavy Rotations

Yesterday’s volume was significantly lighter than usual due to Columbus Day (banking holiday). That alone explains the 50% short squeeze in $BMBL Bumble (still trading under $5). Chart from the junk folder, not updated in nearly 2 years.

The rest of the market barely moved — $SPX closed UNCH again. Board snapshot shows a different story:

• Healthcare (minus J&J) led...
• Big banks continued last week’s winning streak.
• Energy stocks "" - trading at all time highs.
• Utilities continued their 8-day win streak — best performing sector in October.
  Crickets from the talking heads.
• Consumer Defensive led by a higher recent high on $WMT. Even the rich are forced to shop there now. Prices remain near COVID highs because real inflation over the past decade has been grossly under-reported. Home prices up 50-60% since 2019. 

Your tech-heavy 401k didn’t fare so well, and that trend is bound to continue... 

Chip stocks are dragging. The latest rout flies in the face of the Fast Money traders who shamelessly pumped this sector in September. What used to be a good show when Jon Najarian was on has become the #1 contrarian trade indicator. Next time you see Tim Seymour pumping his own position, consider the source.

$JPM missed earnings and revenue (came in light), but net interest margins were higher. Stock is levitating (+1%). Goldman beat — $GS up +3.5% and has room to run. $C — meh. Expected a bigger pop.

I added a bearish shooting star annotation to yesterday’s $IYF (financials) chart [public chart link]. Not just the candlestick — key FIB target visible on the $DJUSFN chart from the alternative views I track.

Far more interesting: the right shoulder target on our $PNQI tech chart was taken out. Possible rotation out of tech finally in play. Chart updated. Find the link to the public charts in the left side menu. 

$WEBS (3X Internet) bear rallying for the second day. Components differ from $PNQI — do your own due diligence. Up in pre-market after yesterday’s reversal.

Watch the $PNQI shoulder break and $WEBS for confirmation of any real rotation out of tech. Light holiday volume exaggerates moves — don’t confuse it with conviction.
Machines still drive the tape. Technicals over narrative. 

P.S. Final blog draft created by Grok/AI - because "time is money", and I ran out of the former. 

Tech Stocks Teeter Financials Totter - Welcome To The Funhouse

Earnings season kicks off with Financials next week  - spoiler - the sector is already rallying, on decent volume. Money managers started pumping banks over a week ago, but that doesn't mean you've missed the boat entirely - just means you're a little slow. This rally can continue straight into Friday, October Options Expiration, and even into the holidays. Merry Christmas! 🎄 

Here's something you didn't know: Insurance companies (also financials) led yesterday's bull parade, and as far as I can tell, no networks covered it (crickets) - $KIE S&P Insurance ETF ended the day +1.71%. 

Where did the money come from to fund that trade? - It came straight out of technology stocks ($XLK down 1.79%) - no surprise - [link to yesterday's blog] - this is the exact pivot we were expecting. We also saw money come out of crypto markets btw. $VIX managed to spike to 16.46, as if it was only a test. 

 Tech Stocks Teeter Financials Totter - Welcome To The Funhouse

Think of the current market as a seesaw: Financials are pumped on one side, as tech declines. This morning we're seeing technology leading again, as if nothing ever happened, and none the wiser.    

$XLF Financial Select Sector (heavily traded) - being added to the public charts hub [link]. Not because I think you should trade it, but because this is what every talking head is going to be pumping next week. I'm also curious to see if I gain more followers, when I tap into the current narrative (bank earnings). Maybe the algos will even follow me?  Sure financials can pop, and when it pops back above the 20 day SMA, buy signals will be triggered... 

I'm not planning to trade financials,but that could change  

I see better trades - provided by Gemini/AI. Took a couple simple prompts...    

Top Declining Industries Over the Past 2 Months

Industry Sector / Sub-Sector	Past 2-Month Sector Performance	Primary Industry Headwinds
Independent Power & Renewable Electricity	-27%	Financing costs and regulatory uncertainties surrounding green energy infrastructure.
Construction & Engineering	-24%	Project backlogs and shifting industrial capital expenditure priorities.
Entertainment	-23%	Lower consumer discretionary spending and media valuation pressures.
Ground Transportation	-21%	Volatile logistics networks and rising operational expenditures.
Electrical Equipment	-20%	Supply chain normalization following prior AI and grid-electrification spikes.
Broadline Retail	-19%	Shifting consumer behavior and lower domestic consumer confidence.

Sure, Financials have been beaten up pretty good over the past 2 months, and every money manager on Wall Street is telling you they like the setup, but AI just told you there are better trades to be had.

Homework: Build a folder for each sector. Chart a few timelines, bullish and bearish, then cross-check those against the leveraged ETF and the earnings calendar. Market movers only. I keep separate folders for indexes, ETFs, leveraged ETFs, and individual names — try filling 50 if you want to live in the weeds with me. That is why the public list only gets half a dozen lousy charts. 🤣😂

As you can already see; it's a complicated trade, and the technical charts are just as complicated. Way too complicated to start uploading a boatload of charts to the public charts hub. To try to explain all the different technical aspects I'm seeing - across a multitude of charts - to a group of inexperienced investors, is a fool's errand. But at the end of the day, it only takes 1 chart to trade financials. Nevertheless, it's a sector that's definitely worth keeping tabs on. This sets the stage for consumer health, lending, and the entire earnings season.    

The Trade Everyone Should Be Watching But Nobody Is

Reminder: If you're following me on stockscharts.com public charts list [linked] - and you have a stockcharts.com account - don't forget to vote daily. 3Xtraders Public Charts Area - Anthony Allyn (11 years)

Currently we're ranked 35th (out of 100) - with 13 followers (not bad) - yet  the charts only have 1 vote? Regardless... I'm adding another chart to the mix, and moving it to the top of the page:  

The Trade Everyone Should Be Watching But Nobody Is - Treasuries 

I get it; nobody trades bonds/treasuries, but this is the current $VIX (fear gauge), and multiple sectors are experiencing a rout in interest rate sensitive areas of the market.  

 $TLT (20 year Treasury ETF)  - This is a supplemental to the Leveraged 3X 20 Year Chart. They should move in lockstep, but this is the better chart (unscrewed by the constant NAV adjustments that leveraged ETFs undergo.) I found a possible gap target on the chart, so add there. Personally I don't think that gap is going to fill - some never do...      

     

The, "all clear" I sounded on Tuesday [linked] still stands - regardless of yesterday's retest of the 20 yr Treasury yield. Retests and overshoots are to be expected. If tracking down precise technical targets were the key to winning, we'd all be multi-millionaires. Even the algos have been programmed to break your bearish chart patterns and force you to the buy side. If you can't stand the heat - then stay out of the kitchen. Yesterday's move was an absolute nothingburger. That should go without saying. 

I called out the trade in real time, and it only got 30 views. 🤷 

I updated our 3X Treasury Bull $TMF chart - looks like it's breaking out. https://t.co/MlAwULC3cQ

— Veteran Market Timer (@3Xtraders) October 7, 2026

 

What Really Scares Me? That's a Great Question: 

10 Treasury yield retest the recent high - this don't scare me. Big Tech stocks scare me.😅 #Treasuries vs #Mag7 https://t.co/VOilMTeCK4

— Veteran Market Timer (@3Xtraders) October 7, 2026

The Sudden Reversal Nobody Saw Coming 

$SPY - I hate this chart, but it is what it is. A throw-over beyond the top of the range, followed by a bearish reversal. 

Futures (red) seem to confirm the trade. 

Crude Oil higher - no surprise - the spring has been winding for several weeks. Actually took way longer than I thought... but they needed to continue to hammer oil lower, in order to help drive mega-caps - all according to plan. "What plan", you ask? 

Remember when he told you they were going to dump semis, and pivot into mag7 hyperscalers'... Now you see everyone pointing to new highs on the $SPX like it means something. $SOX $NVDA $MSFT #Investors https://t.co/jAv3BbRisb

— Veteran Market Timer (@3Xtraders) October 7, 2026

To sum up: We're still waiting for the smoke to clear in 2 areas of the market: 1. The bond rout. 2. Oil.  

Once that happens it's going to trigger the algo to buy those sectors. Do your own due diligence. 

Where's the money going to come from in order to fuel the rotation...? I think you already know... 

The pump is already being primed: Samsung blowout earnings being sold.  

AI Overview (Gemini) 

 Of course we're going to continue to see the same balancing act we'd been watching since Covid. 

Apple Sells off Google rallies. Broadcom sells off on CapEx concerns, NetFlix lifts the QQQ's, etc. etc. etc.: 

Netflix breaks out to $70. Webull app - live chart. $NFLX https://t.co/pZav44o7Z0

— Veteran Market Timer (@3Xtraders) October 8, 2026

Breaking: Jobless Claims just came in weaker than expected - that points to now rate hikes in Oct. - which is exactly what the street was expecting. 

Crude Oil is up nearly 5% - is the thing to watch.