UPDATE June 5

I apologize for not posting it when I intended 🤬 iam posting it now because my views have not changed. If anything, iam more bullish now. There will be a new post after the old 😉 enjoy 😁

While out walking today, I was thinking a lot about my posts. Why I don't seem to be making them on a regular basis, why I'm not happy with them 😟, and why am I so tired all the time😴. I came to the realization that I have a lot of information floating in my brain. I just don't type it out until 3 am. I do share quite a bit in the chat group, so I decided I could just reshare that information. So some of this will be old news for the chat group 🤨 im not really happy about that, but it makes it easier on me, and allows me to share some information in the post that I feel I should share, and that will make me more proud of them.

I want to share 2 charts. I shared this last week with the chat group (so obviously the charts have changed, only more bullish, look!). Its just a thought. Remember the meme, remain shapeless - if the market is bullish, be a bull. If the market is bearish, be a bear. Be the market.

Below is the DAX. it is the German dow jones. It, with many other euro dollar markets, made new All-Time highs.

The Japan Nikkei, the top 225 stocks on the Tokyo exchange

Here is QQQ

Notice any similarities in the charts?    Now let me show, and tell you the similarities in the economies

and as the banks have failed, the FED and central bankers have done what? That's right, PUMP MORE MONEY INTO THE SYSTEM. the entire time, they're lying to your face, saying they are not printing.

And add to those charts, this one. It's the S&P and not Nasdaq. but the nasdaq is actually worse because it was more heavily shorted. That is why Nasdq leads the markets. Notice the blue buyers buying the decline and then shorting the rally? silly retail.

That said, we should get a correction. And I'm not completely sold in the idea of a bull market. technically, we are, but it doesn't feel right to me. not saying that means anything. Just something to ponder over the weekend. (oops, sorry)

That is my introduction to ponder as I introduce another idea. The rotation. 🤔 🙂🙃🙂 🤑

Rotation?... Yes, a rotation from the loved to the less loved. (not unloved, the unloved die). First, I will go over the idea of a shorter time frame rotation (a few days to a few weeks, it may go longer). Although I don't post about S&P (I let others do that), here is a chart of futures.

Here is the new one. Beggining where I left off, with a chart.

- THIS IS A SHIFT IN THE POST, i have given the preface and the set up from the post that I failed to post. Now we are all new. -

- THE ROTATION!!!!

Starting with a song 🎵 😌  Let the horns play!

🎵   MOVE ON UP  🎶

If you follow me you know I have been posting about Deere for a couple weeks. Well I was early.

But that paid off nicely. my options went up 6x.

Why am I showing this?

This is the rotation. The DJI, S&P stocks and the Russell are the places to be for the rotation.

On the weekly, price is above the mid bollinger approaching the 200 MA (yellow) with the bollingers "pinching." When bollingers "pinch" that usually means a break is coming, it can either break out or break down. With the trend pointing up, odds favor out.

On the daily chart, price is starting to break the resistance line and the moving averages.

With the Nasdaq set to cool off (AFTER we reach 14750 and as high as 14880). The stocks outside of the big 11 should carry the load for a short time until the overheated AI madness resumes again.

Nasdaq

Bearish divergences are forming, I expect a pullback soon. I still want to see this finish the push-up of the last 200-300 points.

I would like to see QQQ finish this run up to ~364. Then we should see a pullback to 349. possibly as low as 337. I don't really like 337, I would rather see 349 hold. But 337 would still be bullish.

While the Nasdaq cools, there are some stocks i have set positions in. Deere is one. Below are some others.

A Cayman island investment bank, when cartels are making all-time money 💰😁🤑

Was just added to the S&P 500 and blew up after hours, yah, me!

I would say this is setting on trendline and looks ready to break out. But now that's kind of a "Duh" Hahaha. That's why I was loading calls.

Hit the 200 MA, so I would expect a pullback, but it may have done it on Friday. This is a strong run, so until support is broken this should remain a strong uptrend. Support now is 214, with a target of 235.

STEEL

A pullback before resuming the uptrend. My near target is 16.80, going as high as 28 over the summer.

A 3x leveraged ETF of XBI

OIL 🛢 🪔 ⛽️

Oil will go higher, much higher. Peak production may be near (if not already passed), that is, we may NEVER see oil production at the levels we had. So if we have had Peak production, and still not Peak use, where does that leave price????  🤔   NOTHING moves in a straight line. But this might be near the lowest we see this decade. Black Gold indeed.

Well, that was really dumb, futures kicks off in 20 min, and OPEC had a meeting today. The new updated chart will be next.

Saudi cut production, and futures opened at 75, and it has been consolidating since.

To search individual stocks, go to the ETF and search under;

FUND - BREAKDOWN - HOLDINGS

One of my favorites, and as you can see, a top holding of ETF managers also.

Downside support is 5.90 upside target is 11.02

Now, from Black Gold to real Gold, and the other precious metals.

I see weakness in Gold. A retreat back to the lower trendline around 1840? Personally, I believe we drop way lower over the summer. A "wtf" type of drop, below 1600. I currently have nothing that supports that deep of a drop, except my theory at the start of the year that gold would spike and get sold off in favor of participation in the market rally. I can't wait to see if it happens. Just as a note, I sold some personal physical gold at over $2000 oz, I used the money to participate in the rally. I did that way back near the beginning of the year. That was my crazy move. When this is over, I'm going to buy it back TENFOLD! So far, so good.

Should get a bounce up before resuming the downtrend.

A turn around for silver. Back to near 25.

Platinum looks like it's going to rebound. We should see a bounce back to 1050, we will see how it reacts there.

Wow, that was a lot, and sadly, it took a lot out of me. It's an OK post. Basically, watch for the rotation. S&P, DJI, and Russell should continue to show strength. I expect a cool down, maybe Tuesday, Wednesday, and Thursday, before resuming the uptrend on Friday.

Be Safe, Be Careful, Be Wise

and as always

Good Luck

My little holding, looking for a continued turn around. Currently sitting against resistance. I 3xpect it to break resistance and continue up.