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The Market Is Grinding Nowhere and the Algos Are in Control
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Chapters37 segments · tap to seek
ticker lesson
Breakdown
0:00lesson
Technical setup and pacing
- Technical team issues with slow performance
- Switch to charts and audio only
- Pacing adjusted for efficiency
1:58lesson
Market sentiment and volatility
- Market grinding around blue trend line
- Rumor denial cycle
- No clear direction
4:11lesson
Market expectations and midterms
- Midterms approaching in 36 days
- October expected to be volatile
- Normalization after October
6:42XLI· ticker
XLI — price gap at 171.41
- Price gap at 171.41
- Market reacting to rumors
- Potential for price to melt away
8:53IWM· ticker
IWM — uniform decline
- IWM down same amount as others
- Tech stocks weaker than rest
- Overall decline of 2/3 of a percent
11:07XLK· ticker
XLK — tech decline
- XLK down 8%
- NASDAQ 100 not as affected
- Bull market not supported by rising rates
13:17EM· ticker
EM — decline and chart analysis
- EM down 1.23%
- Difficult chart to read
- EFA preferred for clean price gap
15:23EWW· ticker
EWW — symmetric triangle
- Symmetric triangle pattern
- Failure of trend line
- Multi-month lows
17:26EWC· ticker
EWC — short sale based on price gap
- Short sale based on price gap at 60.94
- Price gap sealed at 60.93
- Price slipping lower
17:27EWZ· ticker
EWZ — Brazil election impact
- Brazil election this weekend
- Price slipping from 39 to 36
- 3% drop in weeks
17:28bonds· ticker
Bonds — continued decline
- Bonds continue to decline
- Interest rates rising
- Impact on mortgages and credit cards
17:29TLT· ticker
TLT — multi-year low
- TLT at 1.06%
- Multi-year low
- Dividends keep it from lifetime low
17:30IEF· ticker
IEF — bond fund decline
- IEF down 6%
- Rally expected at some point
- Interest rate impact
17:31Iyr· ticker
Iyr — real estate and rates
- Real estate affected by rising rates
- Slide from 107 to 96
- 10% drop since July 28
17:32Nvidia· ticker
Nvidia — buyback announcement
- Largest buyback in history
- Up 2%
- Lifetime high not challenged
17:33SMH· ticker
SMH — semiconductor decline
- Semiconductors down despite Nvidia
- Multi-month peak not challenged
- Short positions
17:34AEOI· ticker
AEOI — short position
- AEOI down 4.3%
- Meta not shorted
- Rally dissipating
17:35ARM· ticker
ARM — short position
- ARM down over 8%
- Not shorted
- Slipping lower
17:36Sienna· ticker
Sienna — top completion
- Sienna down over 3%
- Potential top completion
- Still not done
17:37IBM· ticker
IBM — short position
- IBM down 2%
- Not a nice pattern
- Moving in right direction
17:38KLA· ticker
KLA — short position
- KLA down 1.38%
- Voluntarily taken out
- Too robust for liking
17:39Oracle· ticker
Oracle — short position
- Oracle down over 3%
- Peaked at 170
- Down to 130s
17:40Pterodine· ticker
Pterodine — short position
- Pterodine down over 2.5%
- Not shorted
- Watched for further movement
17:41Space Mobile· ticker
Space Mobile — short position
- Space Mobile down slightly
- SpaceX successful launch
- Salesforce shorted
17:42Carvana· ticker
Carvana — short position
- Carvana down almost 7%
- Diamond pattern
- Slipping lower
17:43Corning· ticker
Corning — short position
- Corning down not quite 3%
- Clean stop loss
- Blue Owl shorted
17:44Seagate· ticker
Seagate — short position
- Seagate up slightly
- Pattern strength bugs
- Hold small position
17:45Tesla· ticker
Tesla — short position
- Tesla down almost 4%
- Weakness continues
- Seven days of strength undone
17:46Vioat· ticker
Vioat — short position
- Vioat down 1.4%
- One more on list
17:47WDC· ticker
WDC — short position
- WDC barely changed
- Similar to STX
- Hold provided stop not violated
17:48Fundrise· ticker
Fundrise — sentiment indicator
- Fundrise down to lifetime low
- Private placements not buying
- Sentiment indicator
18:11Gold· ticker
Gold — decline and pattern
- Gold down 3.65%
- Slipped below pattern
- Looking for stability around 360
18:45Silver· ticker
Silver — decline and pattern
- Silver down over 5%
- Level above green line violated
- How low will it go?
19:11GDX· ticker
GDX — miner decline
- GDX down almost 5%
- Precious metals having a bad day
19:45Dust· ticker
Dust — rising and gap
- Dust up almost 10%
- Nice gap scaling up
- Not participating
20:11XME· ticker
XME — short position
- XME down 2.3%
- Short position held
20:45Bitcoin· ticker
Bitcoin — short position
- Bitcoin down over $700
- Short position held via IBIT
- Strategy MSTR shorted
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