The traders worth following — what they’re actually saying, decoded and attributed. Plutus pulls each operator’s public videos and distills the one thing that matters. Their reads, grounded in their own words. Not our advice.
The market is at lifetime highs with sustained momentum, particularly in equities like ES and SPY, though the rally appears to lack clear catalysts, suggesting structural momentum. China's FXI is seen as benefiting from relative underperformance compared to surging US stocks. Gold and silver ETFs, including GLD, have reversed from trend lines, with miners like XME and GDX showing short-term bearish momentum, particularly XME versus GTX. Certain stocks like Workday, Alcoa, and Double AI are showing topping patterns after rallies, while United Health Group and CVNA have broken lifetime trend lines, suggesting potential for further downside. Bitcoin and related assets are viewed as vulnerable below $60,000, with a potential for significant downside if breached. The market as a whole is described as expensive, with even bullish chart patterns failing, indicating a high-priced environment where gains are quickly undone. The creator emphasizes the importance of adjusting charts for dividends to avoid misleading price movements.
The western hegemon is breaking down due to historical patterns of military overreach, excessive spending, and unsustainable debt, which will eventually lead to a crisis unless structural reforms are implemented, according to the creator.
The bulls are absolutely in control again, and the market has closed above a lifetime high, indicating a strong upward momentum. The symmetric triangle has cut above the trend line, but it hasn't violated it yet, and the market is not at lifetime highs, which are about 1100 points away. The market is in a bad state with bears looking strong, and the VIX is at extremely low levels, indicating widespread complacency despite ongoing declines.
The Trump administration is described as desperate for a deal ahead of a congressional election to prevent oil prices from spiking and gasoline from reaching $5+ a gallon, as high prices would be politically damaging; coordinated oil withdrawals by countries, particularly China, are noted as finite and unsustainable over time. The chief of naval operations under the Biden administration is cited as having stated that the Navy needs to prepare for a war with China in 2027, which the creator considers a ridiculous and implausible assertion.
MSTR has breached the 104.17 level, completing a very well-formed head and shoulders pattern, according to the creator.
The inflation story is fundamentally a supply and commodities-driven phenomenon, not demand-led; unresolved supply issues could lead to abrupt inflationary spikes, as evidenced by diesel and crack spreads. The US maintains its global economic dominance through the dollar’s reserve currency status, enabling unlimited money printing, though excessive monetization risks undermining that status and creating intentional, structural inflation. This dollar dominance is under geopolitical strain, particularly through efforts by China and Russia to bypass dollar-based trade, which may only be resolved through force—especially concerning strategic chokepoints like the Strait of Hormuz. Markets are currently mispricing inflation risk by focusing on core data while structural commodity inflation looms, with the long end of the yield curve signaling that the Fed’s efforts to suppress long-term yields amount to de facto QE. The market’s current strength is attributed to temporary, politically driven forces, including administration policy announcements and capital gains tax proposals, which are intended to boost asset prices ahead of the midterm elections. However, post-midterm, structural risks—including supply chain disruptions, inflation dynamics, and reduced supportive flows—could trigger a 20–30% market decline. Despite this, the market is experiencing sideways V compression during OPEX, with the long end of volatility rising, suggesting favorable conditions for long calendar volatility positions. The administration is actively managing markets through policy, AI models, and Treasury/Fed coordination, but may allow volatility to rise post-election to reset positioning. Meanwhile, index-level flows are strong, but momentum in the Momo space is weak, creating a cap on price action. The long end of volatility is rising, and implied volatility remains cheap, presenting a favorable risk-reward opportunity for long-dated volatility positions, especially after the compressed period.
The BRICS grain exchange aims to create an independent system for commodity pricing, trading, settlement, and supply chain coordination outside traditional Western exchanges, potentially reducing reliance on the U.S. dollar and accelerating dollarization trends, as stated by the creator.
The total crypto market cap is in a unique consolidation phase with high uncertainty and weak sentiment, and Ethereum is serving as a key guide for identifying potential bullish momentum and confirmation in the broader crypto market. A bullish divergence has been observed on the momentum oscillator, though repeated lower lows and MACD signals above the signal line have been faked out, suggesting potential continued sideways movement. Ethereum broke above the yellow trend line, aligning with a prior breakout in 2023, which may signal a potential shift to the upside. The market is approaching a confluent resistance area where the 200-day moving average and the upper trend line intersect around $2,000, and Ethereum is testing the 200-day moving average and key support levels, with a potential breakout or breakdown depending on whether it can sustain a move above the 200-day MA and the pink trend line. Altcoins are in a prolonged consolidation phase relative to BTC dominance, and the breakout could be signaled by Ethereum's price action, particularly around the $1,900 to $2,000 level, which is seen as a key area for confirming bullish momentum.
The uranium market is currently in a deficit of about 20 to 25 million pounds this year, with supply around 175 million pounds and demand at approximately 204 million pounds, but the real focus is on the long-term imbalance expected to widen significantly in the 2030s due to utility buying patterns and delayed supply ramp-up. The long-term price is not being influenced by utility buying £100,000 on the spot market.
CPI confirmed payrolls relief, with headline CPI at 0.1% m-o-m and core CPI steady at 2.5% y-o-y, keeping the post-payroll trade intact and maintaining market uncertainty around a September Fed hike. Equities can live with Brent below 90 and WTI in the 80s, though any higher becomes a different conversation.
Micron fundamentals are still spectacular in the short term, but there is no automatic reward for holding the sector. The market is pricing in a longer-term data-driven demand for memory, with HBM3e and HBM4 sold out through 2027 and no meaningful supply expected until at least 2028, creating a sustained shortage. This supports a long bias on Micron and SK Highix, particularly for the September calls, which reflect a longer-term position build attempt on whether the US-listed SKH story can continue developing despite ADR pressures. A bounce is expected, especially given the 31% decline from its high, but the timing and continuation of momentum remain critical.
Nvidia is at a potential turning point after multiple tech and chip stocks reported earnings with wild moves, and the market is uncertain whether this quarter will break out of its implied range. The market shows little skew at current levels, but by December 2026, there is a 40-point implied move with 43% implied volatility, suggesting a higher probability of reaching strike levels like 260–270, especially considering the at-the-money call premium and dividend. The creator is analyzing the probability distribution around Nvidia's earnings announcement, noting that the market is not pricing in the earnings move, and evaluating the likelihood of the stock reaching certain strike prices by year-end based on implied volatility and historical move expectations.
We broke out of a trend line coming, according to the creator.
The market is trading in a range around 7740, with the S&P 500 and other indices showing mixed signals. The everything bubble has persisted since 2008, with recent momentum beginning April 1, 2025. China's FXI has shown a tendency to top and drop, with a failed rally following the Trump Xi summit and a recent correction, though it has recovered some losses. Precious metals, particularly gold and silver, are viewed as long-term outperformers versus equities, with gold emerging from a cup with handle pattern in March 2024 and reaching a peak of $5,586.20 before correcting. Ratio charts of equity indices versus precious metals show geometric similarities across time, suggesting potential inflection points. Bitcoin is described as a speculative asset with historical growth despite limited real-world utility. SpaceX and related stocks have shown a recent rally followed by a reversal, while bonds like TLT remain in a long-term downtrend despite short-term rebounds. The 15-year fixed rate mortgage has broken out of a prior topping pattern, and SPY remains bullishly configured but shows signs of fatigue.
The entire remaining upside to Wall Street's year-end target is smaller than one month of ordinary volatility, according to Tom Lee.
The market is drifting due to inaction ahead of the CPI release, with no clear catalysts driving movement despite recent new lifetime highs, according to the creator.
The market could be propped up until the midterms, but if the current administration performs poorly, there could be a sudden shift to aggressively selling off markets between election day and the swearing-in in January, according to the creator.
There is a coordinated network of individuals or entities connected in a centralized structure, resembling a dark web of off-book financial activity, suggesting systemic dysfunction or illegality, leading to a downward spiral and potential rock bottom. This assessment is attributed to the creator.
The global financial system is facing a potential crisis due to the unregulated growth of non-bank financial intermediation (NBFI), now at $260 trillion and representing 51% of the global financial system, with $40 trillion of US debt being a major component. This risk, which shifted from traditional banks after 2008 to entities like pension funds, insurers, and hedge funds, has created a shadow banking system with excessive leverage, opaque funding structures, and fragile liquidity. The G30 has issued a report titled "A Perfect Storm in the Making," highlighting systemic vulnerabilities, particularly as the Fed maintains high interest rates and bond markets move against policy. A loss of confidence could trigger a cascading sell-off that the system cannot absorb, especially given the interconnectedness of major fiat currencies (dollar, euro, yen, pound) and the reliance on bank lending for private credit. Gold is presented as a store of value and hedge against systemic risk, as it is not issued by a bank, company, or government and cannot be expanded through policy. The system’s fragility is further underscored by hidden leverage, suppressed interest rates, and central bank interventions that may delay but not resolve underlying structural issues. The AI technology boom is also noted as a potential bubble, with valuations dependent on future cash flow, and private credit dynamics are seen as a key risk factor. Glint and related platforms are introduced as tools for holding and spending gold, enabling individuals to adopt a personal gold standard.
Bitcoin is failing to scale, grow vertically, or command any clear role despite its stated ambitions, and its long-term performance is underwhelming, according to the creator.
The market is in a state of complacency, drifting with minimal movement as participants wait for the CPI release to provide direction. The NQ is in a gentle downtrend with a series of lower highs, having stalled beneath a resistance level, and could be at an inflection point for the next move. The market is being propped up due to the importance of the midterms, and the period between election day and the swearing-in could see a sharp shift in sentiment, potentially leading to a market sell-off if the outcome is unfavorable. Rocket Lab and AS Space Mobile were short positions due to the impact of SpaceX's IPO and subsequent poor performance, which cooled enthusiasm for these space-related proxies. Meta has been climbing steadily since the post-earnings wipeout, and the price gap coming up in about $15 is an important feature to watch, potentially signaling a bearish reversal if approached.
Oil is back near the pain zone again, with physical stress visible in Hormuz traffic and supply disruptions, but crude in the low 80s and high 70s is manageable for equities; however, Brent at 90 or 100 could feed into inflation expectations and impact the bond market. Analysts are expecting 2.6 billion in Q2 revenue for Corewave, but heavy capex depreciation and interest costs remain central to the story, while investors are focused on server demand, margins, and working capital for Super Micro amid a volatile period.
Traders are positioning for a potential rebound in MRVL ahead of its earnings report, with the stock viewed as central to the AI infrastructure buildout due to its dominance in custom ASIC design, strong revenue growth projections, and upcoming catalysts including new AI memory products, the India buildout, and key earnings reports. The September 4th 250 call is considered more viable than earlier calls due to a 24% implied move, while the August 27th earnings report is seen as a pivotal event, with the market pricing in a 35% growth guide and a focus on post-earnings momentum.
Bitcoin is approaching resistance at 66,000 to 67,000 within a parallel channel, with limited upside expected, according to the creator.
The creator expresses a deep personal passion for charting, emphasizing that charts represent the purest reflection of supply and demand, independent of external noise. They favor their own charting platform, Slope Charts, for its flexibility in displaying complex data across markets. The creator observes that emerging markets (EM) may have topped out, with a key resistance level forming that could be breached within the next month. The US dollar has shown a sustained upward move against the yen, breaking above a right triangle pattern, though the long-term trajectory remains uncertain. The Japanese yen is viewed as bearish, and the US Treasury bond market is in a seven-year bear market, suggesting higher interest rates and lower bond valuations ahead. A ratio chart of US equities versus precious metals shows an exceptionally bearish trend, indicating long-term outperformance potential for gold and silver. Despite short-term bearishness, the creator is long-term bullish on precious metals, with a desire to buy on pullbacks. Crude oil is supported by geopolitical tensions in the Middle East, particularly around the Strait of Hormuz. QQQ and SMH are in downtrends with lower highs, and SMH shows a diamond top pattern, suggesting continued bearish momentum. A bearish engulfing pattern has formed in a group of stocks including SpaceX and related IPOs, with potential for further downside if key lows are breached. SpaceX has only recovered to near its IPO price, and VCX, which tracks interest in private companies, reflects ongoing disinterest in new IPOs. The creator notes that SPY may repenetrate a prior rectangle, which could signal a shift in sentiment.
The VIX exhibits a Friday-to-Monday divergence due to its calculation method, which excludes weekend days on Friday and re-includes them on Monday, leading to a misleading representation of market volatility. This effect is not reflective of actual market conditions but rather a structural artifact of the index's pricing mechanism. The week and a half before VIX expiration is considered a favorable period for shorting VIX due to V compression, though this can also lead to sharp moves into OPEX due to dealer positioning and tail risk activation. Index-level compression can drive correlation breakdowns and single-stock outperformance, creating opportunities to be broadly short VIX at the index level. Meanwhile, the long end of the Treasury curve is being supported by yen intervention, which functions as a form of QE, with Japan preparing facilities to manage rising yields. Negative real rates, driven by holding long-end yields down while inflation rises, may trigger an inflationary spiral, particularly in the presence of supply shocks. The conflict in Hormuz is framed as a strategic battle between China and the US over the dollar’s exorbitant privilege and commodity pricing in dollars. Gold, silver, oil, and the yen are seen as macro drivers that may become more prominent as markets shift away from tech earnings and free cash flow narratives. The administration is acting with strategic intent, with expectations of large-scale government intervention post-midterm, potentially reshaping market structure in ways reminiscent of the 1960s, 1970s, or 1930s.
Platinum may be putting in a bottom and forming a bull flag on the 2-hour chart, while palladium shows a stronger breakout and similar bull flag pattern, suggesting upward momentum. This analysis is attributed to the creator.
Crude oil is on the rise and may get a lot higher due to geopolitical developments, with a basing pattern forming after an explosive spike and subsequent lower highs. ES is bullishly configured and continues to be an existential threat to bears; bonds are in a seventh-year bear market and expected to continue collapsing, while tech stocks like ENQ are obeying a trend line with a symmetric triangle formation. The semiconductor index (SMH) is showing bearish momentum, and the broader market environment of rising interest rates and collapsing bonds suggests a negative outlook, with potential for further downside after the midterms. The market has generally sucked for the bears for the past eight trading days except today was pretty good and it'd be nice to see more of it.
The economic backdrop is one of the best that I've ever seen in my career, driven by AI, leading to continued higher highs in the stock market as earnings, productivity, and margins increase.
Natural gas is more likely to move up than down due to a positive RSI divergence and a potential bull pennant forming with confluence of rising 50-day, 150-day, and 20-day moving averages, as stated by the creator.
Bitcoin is trading sideways at the 200-week moving average, which has historically acted as a bottoming out signal across cycles. The market is currently in a post-quantitative tightening phase, squeezing within a lower trend line and a massive macro trend line, similar to a prior bottom in 2019, waiting for a breakout. Michael Sailor's strategy is implementing its long-term business mechanism, selling Bitcoin while ETF inflows have been eight times higher than the amount sold, indicating broader market strength despite short-term negative headlines. Sailor's Bitcoin sales are not a major market concern because he still owns a significant portion of supply, and major holders like BitMine and Ethereum are buying at low cost basis, indicating long-term confidence. Bitcoin is in an oversold, low-risk territory with support at the 20 and 50-day moving averages, and the price is currently ranging between $63,200 and $64,200, with potential for a breakout to the upside or a test of lower lows around $60,000. Even if price goes lower, it presents a meaningful accumulation opportunity for macro investors. The market is also forming an inverse head and shoulders pattern with a neckline around $66,000, and the current consolidation near the 20 and 50-day moving averages suggests a pending right shoulder setup.
The market is at a perilous point for surviving bears, with resistance anchored to the Wednesday peak, and the market showing signs of becoming a stock pickers market with reduced correlation. The semiconductor ETF (SMH) has been in a broadening but descending pattern, stalling after a rally from a low on a previous Wednesday, with yellow resistance acting as a key level. SMH is concentrated in a handful of names, with Nvidia being a major driver; gold is showing signs of breaking out of a lull and could see more upside movement. Precious metals are expected to outperform equities, with gold and silver having definite upside possibilities due to inflation and the declining value of fiat currencies. Meta has been forming a series of lower highs over the past year, indicating a clear downtrend, and the price gap at the current level represents a compelling resistance that makes shorting more appealing as the stock approaches it.
When silver reached the 23.6% Fibonacci level, the creator took some profit around there, and the pullback hit a trend line, after which the move resumed.
Oil is likely to move up next week due to support at the 200-day moving average and the middle of a parallel channel, with Fibonacci retracement levels aligning, and XLE showing bullish consolidation forming a bull flag, according to the creator.
The political system is so corrupt it's not even fixable, and without a fight, we risk a global depression with widespread civil unrest, particularly in the UK and Europe, which may not last through March of next year. The political environment has become so unstable that people are openly questioning whether the two leading candidates will make it to election day, and there is a growing concern about potential assassination attempts. The charts indicate a trajectory toward global war within the next 10 years as a means to establish which currency will be dominant. The drivers behind the war in Iran are to maintain dollar supremacy, as the dollar's status as the global reserve currency is facing challenges from attacks on the petro dollar system. Societal collapse due to civil unrest, lack of basic resources, and systemic corruption will drive long-term value for Bitcoin as a store of value. Self-custody of Bitcoin is often oversold and not truly outside the system, and democratic voting processes are questioned as ineffective for solving complex issues. Peak demand may have been reached, with rich individuals no longer seeking additional luxury goods, and declining global population growth limits long-term GDP expansion, which could impact Bitcoin's trajectory. The economy may shift toward unlimited resources with near-zero cost, but demand dynamics—like those seen in crude oil—depend on real consumption rather than stockpile depletion, suggesting price discovery is delayed until inventories are exhausted. Crude oil is one of the greatest, most transparent markets in the world, the least manipulated, and it's held by the largest gangsters on planet Earth. It's decentralized, global, and efficient, trading within a stable band between $25 and $100. Energy commodities are foundational to the AI economy and currently undervalued relative to their importance, with rising prices incentivizing increased production and investment. Crude oil is undervalued and will trade between $30 and $75 for the rest of the speaker's life, reflecting its intrinsic value as a product. The United States government should invest in major companies like other sovereigns, leading to mass adoption and the biggest bull market in history.
The creator notes a potential retrace next week, describing the current candle as bearish and dogey-ish. They believe the recent drawdown is essentially complete and anticipate a move higher from here, despite the short-term downside. The creator maintains a limit order at $45 for URMM but doubts it will be hit, suggesting the downward move may be nearing its end.
The creator stated that we're likely moving down next week due to a topping tail and bearish-looking bars, with the potential for the upward sloping trend line to break down.
The VIX can stay elevated much longer than people expect, and it shouldn't be used as a precise signal for market bottoms or crash timing, according to the creator.
Gold is breaking out of a triangle pattern, and the move is quick and strong, which is typical for this pattern; I think gold will outperform the US dollar going forward. Worst case scenario, I think we go to 3500. And like I said, I think the odds of that are very low. And our upside here, I think over the next couple of years is probably seven or 8,000.
The Japanese yen has rallied approximately 5% over the past week following joint intervention by the Bank of Japan and the U.S. Treasury Department, marking the first such action in 15 years. The U.S. Treasury, via the Exchange Stabilization Fund and the New York Fed, conducted direct open market purchases of yen and allowed Japan to access dollars through the FEMA repo facility, signaling strong support and reinforcing the credibility of U.S. policy actions. This marks a shift from traditional swap lines and reflects a broader transactional approach in U.S. monetary statecraft, where monetary and trade policy are used to reward allies and exert influence. Despite repeated rate hikes by the Bank of Japan, the yen continues to weaken, raising concerns about a potential disorderly devaluation above 165, which could trigger a carry trade unwind and further depreciation. The U.S. is coordinating with friendly central banks to stabilize global financial conditions and prevent a collapse in U.S. Treasury markets, as any large-scale sell-off of U.S. debt would destabilize the entire global financial system. The current system, while flawed, has proven resilient through repeated interventions, with historical precedents in 2008, 2020, and 2026. The U.S. Treasury's high yields make U.S. debt more attractive than other sovereign bonds globally, and the interconnectedness of financial systems means that U.S. monetary policy impacts all markets. Gold and Monetary Metals are presented as alternatives, with gold being positioned as a cornerstone of portfolio resilience and a productive asset through yield-bearing structures.