$SPDR S&P 500 ETF Trust(SPY)$ Headlines about a peace deal are floating around right before the open. Big money loves to position overnight on news like this while the rest of us are sleeping. Watch the futures into tomorrow and see who already moved.
$Global X Copper Miners ETF(COPX)$ The copper miners ETF closed the week down 0.57%. Among the metals ETFs I follow (GDX/SILJ/SPPP/GLD/SLV), COPX is showing the most bullish (ABC) {Wave 2} bottom scenario. This was as textbook a complete Elliott Wave (5-wave) impulsive fractal structure as you'll ever see, unfolding from the April 2025 (TACO Tariff) generational low. COPX was clearly in a (5th wave) blowoff on massive sell volume (red) in the last week of Jan 2026 (silver at 121usd). Bulls are still looking for a possible Major Wave 2 (abc) bottom, but the longer (abcde) {Wave 2} bottom remains possible over the next few weeks/months, similar to SPPP and the CDNX small-cap gold & silver index. Note that the uptrend line in gold starting i
Weekly recap - a disciplined week with selective positioning, letting the winners do the heavy lifting. $Robinhood(HOOD)$ - up 500% $CoreWeave, Inc.(CRWV)$ - up over 400% $SPDR S&P 500 ETF Trust(SPY)$ - up over 150% $APPLIED DIGITAL CORP(APLD)$ - up over 50% $Applied Optoelectronics(AAOI)$ - up over 40% Not a high-frequency trading week, but that wasn't the goal. The outsized moves carried the performance while capital preservation was the priority heading into OPEX, FOMC, and a shortened liquidity window. Ended the week intentionally light - cas
$SPDR S&P 500 ETF Trust(SPY)$ I feel it's going higher. We didn't really have a blow-off top, and it should ride the trend line until some actual bad news hits, not just the chance of a rate hike. Also, a rate hike might actually be good news in disguise.
The market took a hit today, but I didn't get shaken. $SPDR S&P 500 ETF Trust(SPY)$ When there's a test, you just ride it out. SPX down about 1.5% after the Fed held rates steady but hinted a hike could be coming. The 2-year yield jumped 16bps to 4.21% and money markets are now fully pricing in a hike by October. The dollar strengthened too. The 'higher for longer' narrative is back on the table, or at least that's what they're saying.
$SPDR S&P 500 ETF Trust(SPY)$ Over the past decade, the market has made highs just before July 4th 60% of the time. In those specific years, gains from June to July have been around 3.5% to 5%. Will this be one of those years? Feels like it could be.
$SPDR S&P 500 ETF Trust(SPY)$ Saw some selling this afternoon following that strong multi-day reversal off $721.13. The price action still looks healthy to me, as that $749.00-$749.80 support level has held up so far on the 60-minute chart. I think we'll close the week strong. Resistance is still the $756.68-$758.31 level.