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Tim Knight Says the Breakout Failed and the Lows Are the Deepest Since June

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Chapters12 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Market trends and seasonality

  • Support not challenged, holds = fine
  • September bearish month ending
  • October typically strong month
  • Gap important for analysis
2:08Crude oil· ticker

Crude oil trends and volatility

  • Ascending channel, higher lows, higher highs
  • Peak at 106.75, requires nasty event
  • Crude is a mess with multiple swings
  • Volume on BEWET increased from $10 to $700+
4:10XOP· ticker

XOP and energy bearish outlook

  • XOP bearish against energy
  • Stop above red dash line at 190
  • Cubes down 0.09%
  • Week has been a grind
6:27EEM· ticker

EEM and emerging markets

  • EEM down 0.8%
  • New resistance level at Tuesday's peak
  • EFA down 0.33%
  • Price gap anchored to Tuesday's low
8:48Meta· ticker

Meta's AI-driven recovery

  • Meta down 2%
  • AI efforts not flopping
  • Muse product popular
  • Approaching lifetime highs
11:05AMD· ticker

AMD and AI compute demand

  • AMD at lifetime high
  • Meta needs compute from AMD
  • SMH and ARM down
  • Oracle force majeure affecting market
13:19Bitcoin· ticker

Bitcoin's head and shoulders pattern

  • Bitcoin peaked at 87.5k
  • Trend line at $60k is the line
  • STRC and MSTR following Bitcoin
  • WeBull failed breakout
15:39Ethereum· ticker

Ethereum's bullish configuration

  • Ethereum strong, bullishly configured
  • BMNR well positioned for rally
  • Precious metals influenced by equities
17:56Gold· ticker

Gold and silver support levels

  • Gold futures down modestly
  • GLD down 0.33%
  • Support near 380s
  • Silver approaching key support line
20:14ACN· ticker

ACN's multi-decade bull market

  • ACN down 3%
  • Broken chart, long-term caution
  • ALB and BTU down
  • RSI forming head and shoulders
22:14STX· ticker

STX and market context

  • STX down 2.5%
  • Loose stop at price gap
  • Bending Spoons and Klarna down
  • StubHub at new low
24:16TLT· ticker

TLT and bond market decline

  • TLT plunging, bonds falling
  • Interest rates over 5%
  • TLT more important than oil

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