You Won’t Believe What TOM LEE Thinks Will happen NEXT!

FX Evolution
16 Sept 202418:35

Summary

TLDRIn this financial analysis video, the host discusses the pivotal moment for traders and investors in 2024, highlighting key market indicators and significant upcoming events. They reference Tom Lee's data, which suggests a 100% record on market predictions, and delve into dark pool transactions and options flows. The video also touches on the US dollar's movements, commodity market improvements, and central bank decisions, particularly from the Federal Reserve. The host provides insights into market trends, including gold and utilities, and speculates on the market's direction in the coming months, inviting viewers to share their perspectives on the market's future.

Takeaways

  • 📈 The market is at a critical juncture with key resistance levels being tested before major announcements.
  • 📊 Fun Strp Tom Lee has a 100% record on his predictions for the market's performance over the next two weeks.
  • 💸 Dark pool transactions and options flows are being closely watched as they could indicate market sentiment.
  • 💵 The US dollar seems to be frontloading a short, which might affect other markets.
  • 📉 Historically, September has been a negative month for the market, with an average return of -9%.
  • 📊 There's a strong correlation between the market's performance in the first half of September and the rest of the month.
  • 📅 The upcoming central bank decisions, especially from the Federal Reserve, could have dramatic implications for various markets.
  • 📊 The advance decline line shows improving market breadth, which is a positive sign.
  • 💼 There's a potential for a market shift as large traders are making significant transactions, possibly indicating a move to the negative side.
  • 🔍 The market is closely watching the 5640 level on the S&P, as it could be a key point for future market direction.
  • 🚀 Gold and metal sectors are showing positive signs, possibly due to lower oil prices improving profit margins.

Q & A

  • What is the significance of the current market situation according to the video?

    -The current market situation is significant as it precedes major announcements from central banks, which could have dramatic implications for metals, currencies, stock markets, and crypto.

  • What does the video suggest about the market's behavior before major announcements?

    -The video suggests that markets tend to find key resistance and major trade levels right before major announcements, indicating a period of high importance for traders and investors.

  • What is Tom Lee's record on market predictions mentioned in the video?

    -Tom Lee has a 100% record on the numbers he's bringing to the table, particularly regarding his predictions for the market's behavior in the upcoming weeks.

  • What are the key events in October that the video highlights for market watchers?

    -The video highlights free events in Melbourne and Sydney, Australia in October, which are significant for community engagement and market discussions.

  • What does the video suggest about the market's performance over the next 1 to 3 months?

    -The video suggests that markets will make a decision over the next 1 to 3 months on whether they are on a recession path or a non-recession path.

  • What is the 'Kangaroo Market' mentioned in the video, and what does it imply for the market structure?

    -The 'Kangaroo Market' refers to a market that is expected to make a significant move, either up or down, after a period of consolidation. It implies that the market structure is at a critical point where it could move in a decisive direction.

  • What does the video say about the historical performance of markets in September, particularly in years with a negative start?

    -The video states that historically, when the first four days of September are down, the average return over September has generally been -9%, suggesting a trend towards a negative September.

  • What are the key levels the video discusses for the S&P 500 index?

    -The video discusses key levels of 5515 and 5640 for the S&P 500 index, with 5515 being a potential support level and 5640 being a resistance level that could lead to further upward movement.

  • What does the video suggest about the relationship between the US dollar and market volatility?

    -The video suggests that the US dollar seems to be frontloading a short, which could imply that market volatility is expected to increase, especially with the US dollar weakening ahead of significant events.

  • What commodities are highlighted in the video as showing potential for improvement?

    -The video highlights commodities such as gold, copper, and oil as showing potential for improvement, with gold production being at its lowest in over 20 years and oil potentially bottoming out.

  • What is the video's stance on the potential market movement after the FOMC announcement?

    -The video suggests that the market's movement after the FOMC announcement will be very important, as it could indicate whether the market is heading towards a recession or a non-recession path, with significant implications for future trading decisions.

Outlines

00:00

📈 Market Analysis and Upcoming Predictions

The speaker, Tom, introduces the video by highlighting the importance of the current market situation in 2024, emphasizing the significance of the pre-announcement period. He discusses the market's performance, resistance levels, and trading activity. Tom references Tom Lee's data, which suggests a 100% accuracy in predicting market trends over the next two weeks. The video will cover topics such as dark pool transactions, options flows, and the impact of the US dollar on various markets including stocks, commodities, and crypto. The speaker also mentions upcoming free events in Melbourne and Sydney, encouraging viewers to attend.

05:01

🌐 Global Economic Indicators and Market Trends

This paragraph delves into the decisions being made by central banks worldwide, particularly the Bank of Japan, PBOC, Bank of England, and the Federal Reserve, which have significant implications for currencies, stock markets, and crypto. Goldman Sachs' data indicates a neutral market stance, which is analyzed in the context of the 'Kangaroo Market' and its potential to indicate a recession or non-recession path. The speaker encourages viewers to subscribe for updates on market trends and discusses the historical performance of markets during the 'twoe' period, noting that the best period occurred in July. The paragraph also touches on Tom Lee's seasonality data, which suggests a negative trend for September if the first four days are down, and historical market performance following such patterns.

10:03

📊 Market Volatility and Sector Performance

The speaker discusses the market's late cycle, which has influenced their bullish stance on gold and utilities. He mentions the market's expectations for interest rate cuts and the potential impact on market trends. Historical data on past rate cuts is analyzed to predict future market behavior. The paragraph also covers the performance of various sectors, including metals and oil, and their potential influence on market dynamics. The speaker speculates on the market's reaction to upcoming events, such as the US elections and the volatility typically seen in October, suggesting that the market's direction will become clearer in the following months.

15:06

💹 Financial Market Insights and Upcoming Events

This paragraph provides a detailed analysis of the current state of financial markets, focusing on key levels and trends in various indices and commodities. The speaker discusses the potential for market movement based on options trading and gamma events, as well as the impact of retail sales data and the FOMC statement on market sentiment. They also touch on the performance of specific stocks like Tesla and Nvidia, and the broader market indices such as the US 2000 and the Australian market. The paragraph concludes with a reminder of upcoming events, including a seminar for viewers in Melbourne and Sydney, and encourages viewers to subscribe for further updates.

Mindmap

Keywords

💡Calm before the storm

This idiomatic expression refers to a period of peace or tranquility that precedes a significant event or upheaval. In the context of the video, it is used metaphorically to describe the current market conditions, suggesting that a period of stability or inactivity is followed by a potentially turbulent time, particularly in relation to market movements and investor reactions to upcoming economic announcements.

💡Resistance level

In trading and financial markets, a resistance level is a price at which an asset's price has stopped rising in the past, as it is met with selling pressure. In the video, the speaker mentions that markets are finding 'key resistance' before an announcement, indicating that the price has reached a level where it may struggle to move higher without significant buying pressure.

💡Dark pool transactions

Dark pools are private exchanges where institutional investors trade large volumes of shares with minimal exposure to the public. These transactions are not reported to the public until after they are executed. The video discusses 'dark pool transactions' as significant movements in the market that may indicate the intentions of large investors, potentially influencing market direction.

💡Options flows

Options flows refer to the buying and selling of options contracts in the market. These flows can provide insights into market sentiment and potential future price movements. The video mentions 'options flows' in relation to the US dollar and commodities, suggesting that the speaker is analyzing these to predict market trends and potential shifts in asset prices.

💡Frontloading a short

In trading, 'frontloading a short' means initiating a short position in anticipation of a price decline. The video suggests that the US dollar is 'frontloading a short,' implying that market participants are positioning for a potential depreciation of the currency, possibly in response to economic indicators or policy decisions.

💡Recession path

A recession path refers to a trajectory of economic indicators suggesting that the economy is entering or is in a recession. The video discusses whether markets are on a 'recession path' or a 'non-recession path,' highlighting the uncertainty and the importance of central bank decisions in shaping economic outcomes.

💡Seasonality

Seasonality in financial markets refers to patterns in price movements or trading volumes that recur at certain times of the year. The video references 'seasonality' and Tom Lee's '100% track record' during September, suggesting that historical data shows consistent trends that can be used to predict or understand market behavior in the current period.

💡Kangaroo Market

The term 'Kangaroo Market' is used in the video to describe a market that makes significant upward and downward movements, similar to the hopping motion of a kangaroo. It implies a volatile market environment where prices are subject to rapid changes, and it is used to describe the current market conditions and the potential for further volatility.

💡Goldman Sachs indicator

The Goldman Sachs indicator is a proprietary economic tool used by the investment bank to assess market conditions. The video mentions that this indicator is showing 'neutrality,' suggesting that it is not strongly signaling a bullish or bearish market stance, which is relevant for investors trying to gauge the overall market sentiment.

💡Volatility

Volatility in finance refers to the degree of variation in the price of an asset over time. The video discusses 'volatility' in the context of the VIX index, which is a measure of expected stock market volatility, and how it typically peaks in October. The speaker suggests that the current market environment may still experience high volatility due to upcoming economic events.

Highlights

The current market situation is crucial for traders and investors, with key resistance and trade levels being identified before major announcements.

Tom Lee from Fundstrat has a 100% record on his predictions for the market's performance over the next two weeks.

The US dollar seems to be frontloading a short, while commodities and other markets are improving.

Central banks around the world, including the Bank of Japan, PBOC, Bank of England, and the Federal Reserve, are making significant decisions with implications for metals, currencies, and stock markets.

Goldman Sachs' latest data indicates a neutral market stance, which is consistent with the 'Kangaroo Market' scenario over the next 1 to 3 months.

Markets are expected to make a decision on whether they are on a recession path or a non-recession path.

Net new highs are improving, signaling a positive trend for the next 12 months based on historical data.

Tom Lee's seasonality analysis suggests a 100% track record of negative Septembers when the first four days of the month are down.

The market's reaction to a 4% move up in August indicates a potential rotation and positioning ahead of the US election.

VIX peaks usually occur in October, suggesting potential volatility ahead.

Markets rarely see tops in August, and 52% of market tops appear in December, indicating the importance of these periods.

The market believes there is a 61% chance of overall 50 basis point cuts, which could be a significant decision point.

The last four times the market saw cuts, it reacted negatively over the first 5 to 10 days, aligning with Tom Lee's predictions.

Gold production is at its lowest in over 20 years, potentially impacting the metal sector.

Oil is at a probable bottom, with a low number of long contracts often leading to spikes in oil prices over the next few months.

Dark pool transactions suggest significant market movements, with large transactions potentially indicating the direction of the market.

Options flows are strong around specific levels, indicating potential market movements based on these levels.

The US dollar's weakness is leading to a breakout in copper, which could be a significant trade opportunity.

Gold and silver are showing positive trends, with key resistance levels identified for potential profit-taking.

The market is at a key resistance level, with potential for extreme volatility around the corner.

Bitcoin is back at a level where buyers are expected to come in, with October being seasonally strong for the cryptocurrency.

Transcripts

play00:00

the Calm before the storm possibly the

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most important time for Traders and

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investors in 2024 is now upon us and of

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course what a Market's doing well

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they're finding key resistance and a

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major trade level right before the

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announcement so what did fun strp Tom

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Lee data say about the upcoming next two

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weeks well as it turns out he's got 100%

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record on the numbers that he's bringing

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to us and in today's video we'll talk

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about that along with the dark poool

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transactions and of course options flows

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also the US dollar seems to be

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frontloading a short meanwhile

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Commodities and other markets are

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improving that and more coming up let's

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talk stocks Commodities and cryptos

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together right now guys see you on the

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other

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side well welcome back everybody to The

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Daily Show my name is Tom in today's

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video we'll be talking about some

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massive transactions and of course we'll

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be talking about some data that will

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blow your mind just a quick Community

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announcement if you're from Melbourne

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Australia or Sydney make sure to check

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out our free events in October they're

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going to be amazing it's going to be

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awesome to meet so many of you out there

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and the Melbourne event is starting to

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fill up so make sure to check it out

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links in the description down below

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let's jump into the data though because

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of course this week is big and we mean

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big big because central banks around the

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world are making huge decisions

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particularly the bank of Japan pboc Bank

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of England and of course the Federal

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Reserve on Wednesday now this has

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dramatic implications when it comes to

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medals it comes to currencies and of

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course stock mark markets including also

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crypto and we know that markets tend to

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come in a certain way but according to

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Goldman Sachs latest data it looks like

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their indicator is showing neutrality

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and that makes sense in some ways when

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we consider the Kangaroo Market that

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we're in over the next 1 to 3 months

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markets will make a DEC decision are we

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on the recession path or the non-

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recession path for the market structure

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and I encourage you if it's your first

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time here to the channel subscribe

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because it is going to be an amazing

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time trying to work this one out and

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figure out whether we're going into a

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deep and dark recession faster than we

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already do suspect let's talk about net

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new highs because they're improving and

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you can see here that this is a good

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sign if you look at the next 12 months

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based on annual history 99.4% and 68.7%

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of the time when we get this type of

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breadth Improvement it does lead into

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usually good period median twoe returns

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as we know this is the worst twoe period

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of the Year take a snapshot of this one

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because you may want to remember the

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best twoe period of the year which

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happened again this year which is July

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the first half and it's a great one to

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have we've got it over Linked In Our ex

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comments in uh Twitter or whatever we

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call it now let's talk about fun Strat

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Tom Lee's seasonality though and why he

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believes that it's a 100% track record

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or at least the data believes that's

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100% track record of having a negative

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September when we see the first four

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days of the month end up down and that's

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of course what we've seen now I'm going

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to read a couple of charts charts here

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I'm going to read the dates 31 33 this

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is 1900s 34 37 44 46 87 2001 2008 and

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2015 so these are all the years that

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we've had this the average return over

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September has generally been -9% from

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the start to the back and that basically

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means that we could be going back into

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the Kangaroo Market and remember where

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we find ourselves in the kangaroo market

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right now is at the resistance right at

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the top and as you'll see there's some

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dark poool transactions coming through

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which may suggest that people are

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already positioning potentially to the

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negative side but let's not get too

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negative right now because we know that

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when we had a 4mon run up into August

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that's never been the top we also need

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to remember that when we see things like

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we did last week which was going from a

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NE 4% the week before to a positive 4%

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which we suspected this all has that

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implication of showing us that the

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breadth the rotation of the street is

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starting to happen under underneath

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ahead of this us election and speaking

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of us elections we still may not be out

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of the volatility just yet did you know

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that vix Peaks usually in October and

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although this year I don't think it's

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going to Peak as we saw 65 in August

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that would also make sense though

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because August is most likely the low

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remember we mentioned kangaroo style

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Market well that is kind of the way this

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tends to play out and October is still

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going to be a volatile event because we

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know Vick's term structure is proving

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towards that so what happens here over

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the next month going to be very

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important did you know also that it's

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very rare that not only do we see tops

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in August in general but also that we

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see almost all the tops of markets in

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December 52% of the time tops appearing

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in those periods days on NASDAQ being

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down over one then closing above two we

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just saw these reads over last week and

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we know that when we get this on the

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NASDAQ and the S&P it does still have a

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positive correlation to the next 12

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months and this could be a bit of a hint

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we've seen breadth Improvement remember

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the average there was

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9.6% and we've got here

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12.2% as the average when we see similar

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signals as that huge move on the S&P

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last week so don't necessarily go oh wow

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we're going into recession everything's

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dead and everything's gone now we kind

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of feel like it's the end of the market

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cycle and that means we're in what we

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call late cycle it's part of the reason

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we've been so bullish on gold and

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utilities this year and guess what

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they've been doing really nicely now the

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the market believes there is a 61% odd

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of overall 50 basis point Cuts now I

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actually ped you guys and you said that

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it was 70% chance of a 25 basis point

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cut so this is going to be a big time

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and we know that as we see this easing

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we will find out whether we're also

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following the recession path which is

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huge amounts of cuts that are consistent

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or the non- recession path which often

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means quite a few Cuts then

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stabilization or The Terminal rate that

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we end up hitting now the market at the

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moment seems split between this decision

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and it seems like we're going in the

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middling Zone with around 200 basis

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points of cuts being possible over the

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next 2 years and this will be an

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important factor because we know that

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markets tend to freak out if the FED is

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freaking out and the 50 basis point cut

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could suggest that they're not very sure

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of how good the economy really is let's

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let look at the last four times we've

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seen Cuts though 25 basis point cuts are

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here 50 basis point cuts are here in all

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four of the most recent reads that we

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have they went down over the first 5

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days the first 10 days in the 25 basis

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point Cuts remained negative as well so

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this could fill into Tom Le's kind of

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100% stat there where if we have 4 days

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of bad September we tend up tend to lead

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into an end up negative for September

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and that we probably will see volatility

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based on history in the past which will

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then end up making a big decision

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whether that's up or down now i' be

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interested to know what your comment is

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down below are you bullish or bearish on

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the next 3 months in markets considering

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we've got one month of pretty much

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volatility left maybe two and then we'll

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make a big decision on markets whether

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we're prepared to go super bullish over

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the next 12 months and continue in the

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AI bubble I'd be interested to know your

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comments but let us know down below and

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we will be following this structure so

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make sure to subscribe now I want to

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grow into gold we love gold here on the

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channel this year but we also know that

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it's only during certain times you want

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to hold gold have a look at this chart

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Barrack gold annual gold production is

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the lowest it's been in over 20 years

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that's pretty wild also when you think

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about gold and metal starting to run

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again could they be running because oil

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is getting cheaper Gold's not cheap to

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get out of the ground copper and silver

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often in open pits sometimes in projects

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well they're benefiting from this lower

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oil and in fact it could go into their

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profit overlays so you can see here that

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profit is actually starting to uptick

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and in fact I believe the metal sector

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may have some of the best cash flow in

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the markets right now so maybe Wall

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Street started to sniff this out and

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move into it over the last week we also

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know though that oil is at a probable

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bottom when it comes to everyone being

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so negative on it whenever we've seen

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this low number of overall long

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contracts we've tended to see spikes in

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oil over the next coming months so this

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is a very interesting point here into

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the election and of course as I've said

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all year and I continue to state is

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particularly very sensitive to the

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elections because there's a lot at stake

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this year and people are trying to

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manipulate it each and every way let's

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go over to dark poool transactions

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speaking of manipulation let's talk

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about this one two times leverage coin

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fund big transaction came in here now

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the biggest on record and of course last

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time we saw a big one it led into a sell

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could this one be a buy very interesting

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point for crypto and obviously coin

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finding some possible buyers there we'

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also got a couple of positions starting

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to and I would expect over the next 24

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hours big positions to start to appear

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ahead of the fomc so stay tuned for that

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I'm excited to get that video out to you

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I will be doing it earlier plus we'll

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put some into the newsletter as well so

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make sure to sign up for that links in

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the pin comment down below it's going to

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be a very big event so we have a big

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dark poool transaction in a short Q fund

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and a short S&P fund appearing right at

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this most traded level I would say

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someone's trying to go short that

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doesn't mean it's a solic ation to go do

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it but just to give you an example when

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we started to see stacking on this point

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for Google the other day guess what that

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was the low for Google and it's since

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started recovering so sometimes these

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big transactions can tell us a little

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bit about what the biggest Traders are

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doing and they can help us make better

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informed decisions along with our price

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action remember price action is

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ultimately one of the key reads that we

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must have last 24 hours we saw energy we

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saw financials we saw defensive start to

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come through we obviously know the last

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5 days has been driven by medals mining

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gold and these kind of upticks and we've

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started to see this appear of course in

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the charts earlier when it comes to

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advance decline line that continues up

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which shows us breadth is improving in

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the 500 stocks but of course it's being

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led by small ones so that means the

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market can't go up as much but we're

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basically trading right around the most

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traded Zone with Delta being neutralized

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over the two days leading in when we

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look at the Futures Market we know the

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two key levels we're watching we do end

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up getting a sell could come down to the

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5515 remember this level in a moment and

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of course if we get a buy and we go

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through 5640 which we know is key then

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we could be pushing into the 5680 line

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and that makes a bit of sense when we

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look at the options and I think this is

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options related let's have a look here

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at 5640 positive gammer event both the

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Tuesday and the Wednesday are filled

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with 5640 5630 calls this is a huge deal

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5655 obviously starting to become a big

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put level and that's something we'll be

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watching but if we do manage to take

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5640 markets are in the positivity stage

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at the moment so although we know we're

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at a key potential bearish Zone we got

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to remember the trend is still up and

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the gamma is still positive especially

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through those areas now remember I said

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remember 55 15 well that's because if we

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look at the end of the week the options

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flow seems to be very strong around 5500

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5520 for puts so they will be key levels

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ctas no surprises we know they're all

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buying across the board at the moment

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oil silver NASDAQ S&P they were behind

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now they've started to buy back in and

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momentum funds are starting to get back

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into these flows when it comes to Tesla

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we know there's only one level 230 230

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into 250 250 into 2 280 these are the

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key kind of flow zones at the moment but

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we're looking for a 230 plus close

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ideally 232 Plus close to get that

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started so Tesla's at res at this stage

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Nvidia gets a little bit more

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interesting 110 being the key put 120

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being the key call resistance and

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surprisingly 113 here you can see

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starting to get a lot of trade on it so

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we're in positive gamma on Nvidia one to

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watch let's move over now to the general

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broad markets we'll kind of start here

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with the US doll Yen this is going to be

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one that I bring up in the next video

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because of course people are starting to

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freak out about it it's become that

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possible you know new low my goodness we

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need to see volatility all over the

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place we will go through the big trade

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transactions because people went from

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one extreme to the other extreme on this

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we'll report on that over the next 24

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hours another one that people have asked

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about is treasuries what do we think

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about treasuries and we'll add

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treasuries on the chart here and you'll

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see that they're breaking to the upside

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now this is kind of pointing towards 108

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but as I've often said I don't think

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treasuries are a trade they're more of

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an investment or multi-month decision

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and there is a lot of volume in these I

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think treasuries will have an incredible

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volatile day over the next 12 months

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because everyone's levered them super

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long and that always has me wondering I

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don't think it's a great time to be

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super levered in treasuries that's just

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my opinion we'll see how it plays out

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volatility of the volatility is showing

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we're still elevated so obviously we

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have to expect volatility to potentially

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Spike into Wednesday and we know the US

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dollar has weakened ahead of the event

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suggesting that we could be open to a

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995 and under parody shoot by the dollar

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at the moment the dollar is really weak

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we've known that for quite a few days

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we've been talking about it for a while

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now and uh yeah it'll be an interesting

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one to see how it plays but the the

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moment the dollar is weak and that

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dollar weakness is also leading into

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copper breaking out congrats anyone

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that's been in this of course this is an

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absolute day trading masterclass special

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this a very replicable trade guys

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multiple trades actually here in Copper

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and we're looking towards this possibly

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actually getting towards a 460 or 450

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read so it looks like metals are backing

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a little bit of a way and that's being

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reflected in the Chinese market as well

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us oil picking up daily 20 sits around

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7150 mean reversion sits around

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7560 that's probably what most people

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are gunning for when it comes for the

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Bulls they're going to be looking

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towards this level and we'll continue to

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watch and see whether oil keeps

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recovering but as we suspected last week

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we saw the signs of recovery and so far

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so good in terms of oil making this

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little bit of an upshoot there probably

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is a reaction trade off that which we'll

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update soon what about gold big swing

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through the uh massive coil congrats

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gold gold buyers you're probably feeling

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pretty good 2600 soft psychological res

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and the technical res about 2628 so it

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still looks pretty good and even if it

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pulls back to like 2510 probably still

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buyers around there silver improving as

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well key First Take profit

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3120 second TP 3460 so yeah very nice on

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Silver basically an inverse Head and

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Shoulders here great move and yeah for

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now it's doing quite well check out

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silver gold ratio in our previous video

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as well we went through that quite

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interesting stuff Tesla 232 plus

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breakout close and then we start to move

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towards 250 and then possibly even 280

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got to remember this is an inverse Head

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and Shoulders pattern and if it does

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break out could be quite an aggressive

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positive gamma move Nvidia is a bit

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tough we know 110 we know 120 and we

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also know that semiconductors are

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probably giving us the better chart

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right now the Gap fi res seems to be

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about 242 they recovered after selling

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through the session this did a bit

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better than Nvidia we'll see whether it

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can start to improve HSI as we mentioned

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before China has been recovering this is

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fully replicable style position as well

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congrats to people that have been in

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this particularly this little um uh 172

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level was a very nice pickup through the

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beginning of the session and that's

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really rebounding on further stim hopes

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and obviously the potential of as well

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as medals improving across the board

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they're quite linked we'll keep watching

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this Market but uh this is really just

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also a bit of a kind of History lesson

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in how recessions often bottom off

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remember the the actual news sentiment

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is horrible for this so you're following

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price action more than you're following

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sentiment sentiment is just disgusting

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in in everything that you read about

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China right now let's move over to Oz

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200 when it comes to the market breaking

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up well this is a good Market if we can

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get energy through and we can get Metals

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improving this is basically financials

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medals and Mining stuff so yeah new

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all-time highs and we expect the Aussie

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market to continue to potenti

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potentially push higher us 2000 stuck in

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the middle of the Zone I'd like to see

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2220 sink over the next 24 hours after

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retail sales maybe that really heavy

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spend on credit cards in the back to

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school kind of season is going to push

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that level and obviously where the

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buyers are is probably around 2100

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realistically or this most traded zone

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qes are at res my favorite kind of

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projection here would be to see

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something like this occur through

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September into October that' be pretty

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sweet we are at resistance this is a

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very key trend line we're at the Gap Fi

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we're at the most traded Zone I don't

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blame a bear trying to attempt here but

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you've got to be careful extreme

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volatility could be just around the

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corner so we have to expect that when it

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comes to bitcoin we're back at that kind

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of where we should see buyers come back

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in 573 to 565 I'd like to see this block

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find a bid we do know we're in an

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overall downward Trend at the moment on

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the higher time frames obviously October

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is seasonally strong for Bitcoin and

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it's a very very interesting time for

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crypto it's been struggling all year so

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is it finally time to turn the corner

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and start to catch up to Gold maybe it

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is with the news ahead we're only really

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looking at two things at the moment

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retail sales yes there's CAD CPI as well

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which may tell us something who knows if

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it moves the market and then the fomc

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statement remember the press conference

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is what matters and that's 2:30 p.m. so

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that'll tell us a little bit about

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future guidance as well potentially

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Drome power loves to use all the tools

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in his garage all right guys it's a big

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couple of days make sure to subscribe to

play18:04

the channel make sure to check out our

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newsletter as well new one coming out

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after the close tomorrow so sign up for

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that and again a reminder for anyone in

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Melbourne and Sydney that wants to come

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out say hello to us we're giving a great

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seminar some excellent tips in there as

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well make sure to sign up links in the

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description down below Melbourne event

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is starting to fill up Sydney event

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there's a tab underneath for you to sign

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up your interest on that and I would

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love to see you there it's been

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fantastic time let's continue at it next

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3 months super important to markets bye

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for now

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