20th February 2024

A small gap down in the indexes but nothing to write home about. Last week the markets provided ample opportunity with some lovely pivotal entries and hyper extension plays. Now however, QQQ is testing the 17ema and indicators are sending mixed signals with very few setups. Nvidia earnings will no doubt have an impact on the overall market sentiment, so I wouldn’t be surprised for the tech sector to chop until then. One thing I

Read More

16th February 2024

As discussed a few days ago, the likelihood of seeing buyers enter Oil & Gas was high. Yesterday that finally took place with a strong range expansion and breadth increase. Energy is now the top performing sector this week. I trimmed loads of my XLE position into highs and will look to re-add if we pullback/consolidate here. I also plan to trim a little more China into this strong gap up. There has been tremendous

Read More

15th February 2024

Cupid came and shot the market with some love, a lot of strong bounces across multiple sectors. Market breadth was reasonably strong too. I’ve been flicking through the 13F forms this morning to see where and what big money has been buying. For the most part it was pretty bland, no big outlandish bets. It was interesting to see the mixed view on large cap tech. Clearly a few feel there’s lots left in the

Read More