Economy | Geopolitical
WTI (~99) → back below 100 | still consolidating bullish
—> geopolitics will dictate next move
—> equities seasonal weakness (next 2 weeks) — vulnerable to further oil strength
QQQ —> new all time high driven earnings
SMH —> marginal new high
Looking to next week:
Setup —> AMD unlikely to beat ‘sentiment’ Tuesday
Position updates | Trades
NKE
Compression phase —> B Bands tightening
System —> June positioning allows time for next move
Weakness next week —> triggers May 45P hedge exit
Daily Kijun (48) —> next profit zone
LLY
Covered in depth
—> System objective (960) achieved.
TSLA
Early test of decision zone (373 – 385) —> breaks above daily cloud resistance
—> break unlocked +10pt move
Daily chart:
From yesterdays low to today’s high —> + 30 points
—> must monetize in some form into weekend
System trigger —> 50% cover with Jun 425C @ ~396 —> top of 4H B Band
4H Chart:
By shifting timeframes to 4H —> clear monetization trigger into weekend
—> +14pt inflows
Watch list | Notables
GLD / NUGT
Posted in incubator —> interesting moment
BTC / MSTR —> short term outperformance of GLD / NUGT
—> BTC breakout (above 82K) could pressure Gold via institutional rotation
China —> continued Gold accumulation
System —> focus on technicals for signal
GLD Daily:
On watch —> early reclaim of Daily Kijun next week
AMD
—> Spec covered put spread on early strength Monday
Execution plan Sunday night Briefing.
System Insight
Sub-par execution —> prevented exceptional week
LLY SBUX —> System objectives hit on 8-10% moves
TSLA —> early weakness reversed via Friday breakout —> patience rewarded