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No announcements

Opinion on Markets: We are back to conditions where headlines are going to move the markets as everyone is on edge. As per usual we’ll get resolution sooner than expected and markets will be fine but for a while fear and even more selling is expected. These are conditions can frustrate most if not all traders as it feels like momentum starts and then bad news causes a pullback. In strong market conditions news doesn’t matter.

Could have probably used the same chart and newsletter 3 weeks in a row for Bitcoin, that’s how little has been happening. Still in the range, still waiting for the next move.

Three weeks of price essentially suck at the same price. Will just keep drawing out this wedge as long as it takes to make a move. Still haven’t swept April lows so that’s probably the ultimate capitulation sell off.

Living a the 2.25 trillion range.

Emerging Markets/Global Markets - 10th straight bullish week. Incredible strength. $EMERGINGMARKETS

Energy - Also on it’s 10th straight green week. $XLE

Consumer Staples - After one week of red back to breaking out with a strong green candle. $XLP

Precious Metals & Mining: Making a comeback with geopolitical concerns. Moved back into “green”.

Nuclear - Has lost a bit of the headlines and focus but it’s not a sector that is going anywhere long term.

Rare Earth Minerals - Seems to move with nuclear which makes sense, catching a little cooldown but still a good year long narrative.

No substantial price action, no trades. Will continue to sit on hands as long as it takes.

$CHZ - Had a nice 38% run before the markets puked and still think at least a recovery to entry or higher is still possible.

Closed Trades

$XRP - Stopped at -12%

$UNI - Closed at 34%

$ROSE - Stopped out at -20%

$CRV - Stopped out at -23%

TRACKING WITH GURU

$PROOF waking up with a big 50% week.

$COR, $BERRY, $PAPPLE, $PROOF and $GURU

There might be a lot going on internationally but a really calm week for what’s planned in the stock market. I don’t personally think it’ll be as bad as everyone is making this out to be with how much prediction markets were pricing in the strikes. But for now we have Unemployment which is expected to go from 4.4% to 4.3%. This could be a nice bullish catalyst but will see what we get and how that might play into the Fed’s rate cut decision next.

Locking in profits on $TGT and $CLX.

Target has earnings this week.

OPEN TRADES

$TGT - Closing at 17%

$CLX - Closing at 13%

$USAR - Currently down 42%, high of 8%

Taking the profits at 13%. Can definitely hold longer, just realizing gains on a nice breakout. Some possible horizontal resistance in play.

Selling before earnings if when I think earnings goes well. Again don’t have to follow just taking profits.

Nice rebound this week. Q1 will be the first quarter they will start making revenue. Then the projections start ramping up to hundreds of millions expected. Long term trade and I will probably look for a 3rd entry if we get one.

Estimated 25 to 30 billion marketcap by 2028 or sooner. This is based on fair estimates and projected revenue over the next 2 to 3 years.

CLOSED TRADES

Win Rate: 66.67%
Average R:R: 5.1:1
Average Win Size: 48%
Average Loss Size: 8.4%

$TGT - Closed the rest at 16%

$CLX- Closed at 19%

$TGT- Closed half at 19%

$FLNC - Closed at 65%

$FLNC - Closed at 85%

$ROOT - Closed at -4.5%

$CROX - Closed at 6%

$SABR - Closed at -11%

$CAN - Closed at 111%

$DRD - Closed at 62%

$NGVC - Closed at -6.1%

$TGT - Closed at -12%

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