Hey trader, Stocks continued their torrid rally last week, and erased 5-weeks worth of gains in a matter of 8 trading sessions. Despite this rally, headlines emerged over the weekend that could lead to another energy crunch, which has been the Achilles heel of this market. Needless to say, the market is shaping up for another classical showdown between its internals and the prevailing narrative. The market’s price action over the past couple of weeks has followed the historical precedent of new bull runs. Growth Holds Firm Near-Term Technology claimed the top spot for the second consecutive week. That is exactly what bulls want to see coming out of a market bottom. Tech leading out of lows is not a coincidence. It is a pattern with deep historical roots. We saw the same thing play out just last year when growth stocks surged off the lows and dragged the

  Hey trader, Nearly five weeks of losses were erased in just eight trading sessions. Stocks exploded higher last week after a ceasefire announcement with Iran. If you’ve been reading these letters, you saw this coming. I spent the last month laying out exactly what needed to happen for stocks to bottom. Growth had to lead. Energy had to roll over. That is now playing out in real time. A week ago, my Trinity Terminal highlighted AMD for a potential opportunity. The turn started when most traders weren’t watching. The ceasefire news lit the fuse, but the powder keg was already packed. Short interest was elevated across the board. Positioning was overwhelmingly defensive. Cash levels were high. That combination creates the exact conditions for a violent snap-back rally. Traders betting on more downside were forced to buy back shares at higher and higher prices. That kind of mechanical buying feeds

  Hey trader, Last week delivered one of the biggest signals the market has produced in months.  Most traders were already checked out ahead of the Friday holiday. They missed something important. The Nasdaq led the charge back higher. That alone is encouraging. But one of the internal signals I have been waiting for in the market finally triggered last week. The bears are not finished yet. But they are officially on notice. Sentiment remains overwhelmingly bearish, which makes the timing here almost too good.  I’ve been saying for weeks that tech would come back to life when things looked the bleakest. We are now seeing the first real evidence of that thesis playing out. That’s why we’re going to dig into what exactly shifted. Because once we understand why it matters, we can then map out what the bulls need to do next before they can declare victory. Growth

Hey trader, I don’t enjoy sounding like a broken record. But I have to call it like I see it. Liquid gold is running the show. Oil is absolutely dominating the tape right now, and it’s doing it at the expense of everything else…Stocks, growth, tech.  All of it is getting drained so energy can

Hey trader, The 60/40 portfolio is one of the most trusted ideas in all of investing. Own stocks for growth. Own bonds for safety. When one zigs, the other zags. It worked beautifully for decades. Then inflation showed up and broke the whole thing. In 2022, long-term Treasuries lost more than 30% in some stretches.