This Briefing, including any position ideas, is for and educational purposes only.
1. Market Environment
10 yr yield — 5.24%
Yet equities (QQQ | SMH) resilient holding most of post-FED gains
Gold -4% — NUGT back on to watch list
2. Calendar
TSLA Q3 production due Friday morning, with Jobs report
3. Market Signals
QQQ
Resistance at channel trend line ~745
Qs holding short-term support ~735
Next bigger support ~723
Daily chart:
SMH
Middle channel resistance holding ~610
Next resistance — ~610 | middle channel line
Support zone — ~575–588
Daily chart:
BTC
Re-test of ~83K breakout — after backing off Weekly B Band
Kijun support — ~81K
Daily chart:
4. Active Positions
HD
Yields | Oil remain dual headwind
Execution Plan —> Hold
Daily chart:
TSLA
Weak Monday ahead of Q3 production — potential counter signal
Inflection zone ~365–370
Support ~350 — bottom of Daily B Band
Daily chart:
5. Incubation
COST (post ER)
System was down Friday — but a strong buy-news COST reaction to ~883 reaction low
AVGO
Pressing falling Kijun ~355
System Insight
Despite higher yields and oil, market continues to signals resilience — with most of post FED gains holding (for now)