Sunday, April 9, 2023

Bought small cap BHAT at 0.83/share

 First target at 0.96-0.98, TauRange momo arb target - longer-term resistance.  Next price target at 1.11 - 200-SMA

GLD reignites upside momentum

The Jun 194 calls gained up to 70% this week to trade near 4.50; ended week at 3.60. More upside likely in the short and intermediate terms.

GLD is pulling up TLT which drags up FXE, and the weakening dollar has scared OPEC into surprise cutting - lifting USO, the laggard


Friday, March 31, 2023

End of Q1 2023 review - long GLD 194 calls 3-6 months out

GC 04-23 was aggressively accumulated by large traders in the latter half of March and is looking to resume a cyclical bull market that began last Fall.  June Monthly 194 calls at 2.66

    ZN and ZB 06-23 have similar but more subdued patterns of accumulation.

    Bets on easing monetary policy

NQ 06-23 is melting to the upside leading an intermediate-term upswing in equities.

    ES 06-23 follows


Monday, March 13, 2023

Tech-centric/regional banking crisis 8am regime

 The correlation between long-dated US treasuries, gold (metals), and the US Dollar has increased significantly as banking crisis contagion spreads especially around 8am EST.

As the 45-min correlation on 1-min chart between GC 04-23 and ZB 06-23 troughs around 0, this marks a lagging indication that the consolidation is ending/ended before another leg up in these securities.