ChromaDB MCP Server

We'll be right back. We'll be right back. We'll be right back. And before we have a price increase, I'll make sure that those of you that have been waiting until the last minute to not forget that today is the last day. But let's not waste any time and dive into the charts and talk about what's going on here in the markets. It's S&P 500 relatively flat for the fact that we're building up into this anticipation of government shutdown. I'll make the same point again. Like there is no shortage of people out there that are, look, the media and financial pundits need to always anchor off of the thing that is the most relevant headline and biggest draw. And whenever a government is about to be shut down, of course, it's something that is newsworthy and it should be newsworthy. I'm not even trying to deny that it shouldn't be. But its impact on the market is a secondary thing. Like what to expect? And I want to highlight that there is for almost the the annual or semi or semi presidential term kind of government shutdown sequence that happens every year or two. The markets tend, at least we haven't seen a major freak out driven by this in the past and not in a big way anyway. And will this time be different? I mean, I guess you can always make an argument that there could be something different. But I'm I'm of the belief that that with the Republicans very clearly in control of of all three houses of government, the reality is, is that if the stock market in any way had a big reaction, there would be monstrous pressure for them to resolve it very quickly. The idea that there's going to be a huge stalemate for a prolonged period doesn't seem like a realistic outcome, but it is what it is. We'll see clearly what what will come of it in in the days and weeks to come. So I reiterated in the macro outlook a few key things. I'll just point them out as well. Well, we want to let's let's start with just before we do S&P analysis, let's go to those mag sevens we were watching, particularly will NVIDIA break to a fresh new high still hasn't been resolved. But I'll continue to think that from a technical setup perspective, after a one month consolidation, actually almost a two month consolidation. This stock has unwound its overbought state. And if there was going to be a push behind S&P 500 to go and clear sixty eight hundred to even seven thousand, a the four trillion dollar mega cap name rallying would be an important tailwind of leadership. That would very likely have to be in place. And so will we see something drive an S&P breakout and an NVIDIA breakout simultaneously? Google was the biggest momentum in the last month or two. And you can see that yesterday, if faded and continues to sell off, will it, though, be bought on dip? Usually and I like to highlight rarely is there a V top. And so you have to assume it's a very reasonable proposition that we're going to see Google at least initially be bought on dip in in this pocket. And what typically would happen is, is that it may bounce. They might form a double top. It might be just a Fibonacci retrace and then some sort of like topping formations would form. But right now, assuming the first correction is going to be bought on dip is is a very reasonable assumption to make. And since we saw rejection at the Fib zone, expecting it to be a zigzag means that that buy zone could be in that kind of two thirty five to two thirty seven range. About let's let's let's just round it to five dollars, about five dollars lower would be a very interesting area to observe whether Google can muster up a bounce. Now, Tesla was a very strong name. It attempted to break to a higher high yesterday and faded. But it's still a bull trend. We do not want to like put a nail in coffee like Google's correcting. Tesla is not correcting like I mean, this is it just didn't hold the breakout. And but these are all the kind of names we're watching. The other one that I wanted to see is whether or not Microsoft would go ahead for a double top retest in that momentum push. These are the kind of names. And as you can observe, none of them shown us anything yet. NVIDIA didn't break out. Tesla didn't hold its breakout candle. Microsoft didn't break out and Google is still correcting. So all of those that we talked about that needed to do something, none of them have yet done it. And so that's the frame from which we're going into the the potential government shutdown. Now, if the S&P 500 here, I'm going to put on a four hour chart, it fails to make a higher high, then we could be in a corrective mode. And this could have been the equivalent of a double top, like a key top retest, what we call a 78.6 retrace. Where would be the first clues? Well, if the first reaction by the Fed, it's not the Fed, but first reaction in the in a lockdown has the market basically break below the 66, 65 fib zone would be an indication that this recent rally has rolled over. And at that stage, then we're going to talk about kind of a bigger correction risk, which puts in play this Fibonacci, which conveniently will be lined up with the 50 day moving average within a day or two. And so you can see all of these previous highs lined up right in this pocket. And this would be a very logical place for a buy zone to or a support line to form. And so if the S&P here in any way rolls over, a drop of 100 to 150 S&P points is entirely plausible. Now, with that said, even if we got down there, that actually wouldn't yet be bearish. I mean, if we went there, tapped and rallied back, almost like the way NVIDIA was trading, then it would be one big nothing burger. And the bulls would still remain in control of this trend and everything would still be in play. And so that is what we're certainly watching. The one thing that I keep emphasizing, the one thing that has become somewhat predictable is systematic trading. And whether you're following spot gamma and looking at where dealer flows and strike open interest lies, where dealers would be forced to, being short gamma, be forced to be selling into weakness. But then there's your vault targeting funds and your CTAs that inevitably are extraordinarily fully invested and long and at some juncture would be forced to potentially deleverage and begin selling if downside triggers started to trigger. And in my mind, it would not be sufficient if the market down here to trigger any of them. And so this is the point. Even if we had 100, 150 point down day, in theory, if it was followed by a very fast reopening of the government, as in maybe it was even shut down for just 24 hours, and the market has 100 S&P point down day, and then they reopen the government the day after, and the S&P rips 100 S&P points, there could still be a full bull sequence with that being a buy on dip, where shit hits the fan and a big downside floodgate opens is entirely below that 50-day. And once we start breaking things like 6,500, once we see that this thing is really starting to feed on itself on the downside, then it might not even stop at 6,200. It might be one of these things where it washes out 12%, 13%, 14% in one motion, but has to break these levels. Zero evidence of that right now. So other than that, not much to say on the dollar, same thing. In fact, I would argue that if those of you that want to break out trade currencies, there's some interesting setups. Now, first of all, if you are of the breakout trader perspective on actually a bearish US dollar, then there is a very asymmetrical place to be putting on a long euro short dollar trade. Because after this correction to the downside, did a perfect 50% retracement. And as I always say, it's never about whether this trade will work or won't work. It's there. I don't ever like to look at it purely from probabilities. What I know is that this is incredibly asymmetric in that for, you know, about 100 pips of risk, you literally can catch a 400 to 500 potential pip rip if this became the unfolding reality. And that's the type of asymmetry that I always look for in a trade. So those of you that want to breakout trade, the euro on the forex markets based on this, it makes a pretty clean setup. You can even use any sustained breakdown below the 50 day as a rationale for stopping yourself out of the trade. Now, the opposite end, you could be breakout trading a buy on dip on the US dollar yen. Now, notice here that now this is the play, the opposite. So if you want to play the US dollar short squeezing to the upside and surprising everyone, well, notice here that we are literally approaching an on the mark buying opportunity right on the US dollar yen, right at the 50 day moving average. Again, a Epyx buy on dip pocket zone trade right in here. So obviously the likelihood that one of the two trades will fail is there because both of them are ones long the US dollar, the other is short the US dollar. So you almost have to pick your battle of which asymmetric trade setup you want to put on. But both of them continue to set up very well. The other one that I'm watching is the US dollar CAD. Now, the US dollar CAD is not at a trade setup. The two buy on dips were these 50 percent retracements back over here. Now, while the US dollar against the CAD is, Canadian dollar is finishing this measured move, the one thing I'm watching for is dips. Where can this be bought? And so I'm going to put on again on a four hour chart. And I would say here, I'm going to be watching on this US CAD pairing, whether or not you have buy on dip zones right in this pocket right over here. That could be tactical zones for you to put on in here. So we'll be watching that potential turn and see whether or not there's going to be a buy on dip that forms there. I think it's really important because a lot of the bigger macro trades are going to be driven by that. I mean, I want to highlight oil from a breakout trade perspective. Obviously, I was talking quite adamantly about the buy on dip holding these fib zones. But yet here we are again, right in that fib zone. I still like it, but I do have to admit that the best breakout trades don't give you this many times to get in. And this is where I'm torn. One part of me sees the incredibly negative sentiment towards oil, the complete lack of interest in oil. The fact that, like Anas was suggesting, that so much of these production hikes, that everyone's, even the accelerated production hikes, have actually already been on the market. And that these are just as a language being shared out into the market, that when everyone knows in the real world that these countries have actually been already putting all of that oil on the market for how many months. And so the idea here that this should have weakened the market, I'm very curious whether within the days to come, this strengthens back to the upside and once again proves that the buy on dip traders fade these OPEC headlines. And that's going to be the real tell on here. But long as we stay above the fib zone, I consider it 100% to be in play and we'll watch what happens. Precious metals, a little bit of selling today, but I want to highlight, if you break it down to like a four hour chart, so long as every dip keeps getting bought in a fib zone that just keep buying them on the dip, like look at the way gold stopped dead at the 50% retracement, right? This is the type of price action that typically we see in the continuation patterns on the upside. At some point, I want to highlight, there is on a daily chart basis, no technical asymmetry in being bullish gold. I want to highlight here that this measured move on the upside is more or less finished. We talked about 3,900 to 4,000 and we entered the profit taking zone. Now, I want to highlight, just because we're entering the profit taking zone, doesn't make me bearish gold. But the last time we entered a profit taking zone, gold peaked and spent three months trading sideways before it broke out again. And the way you want to think is that as we approach this 3,900, 4,000, there's increasing probability that there's going to be a pause in all of this and gold's going to take a break. But because gold has become so convincingly bullish and so consensus bullish, one part of me kind of turns to the pain trade and says, is like all of these bandwagon hoppers that have joined the gold party just because it's the best performing asset in the last half year, how many are they in a position to be shaken out of their trades? Is gold going to create temporary volatility that is going to test the willingness of these new entrants into the market from being stopped out or knocked out of their position from just volatility? It's entirely plausible. In the Luke Groman sense, I remain super bullish gold. I think that has way higher to go in the years to come. We're just technically observing the zigzags of how gold will behave during these kind of pullbacks and so on. You can see how quickly it got bought on dip on those hourlies. Now, silver had about a 60 cent pullback. I'm going to again put this on a four hour chart. You can also watch what silver does here as it approaches that 50 period moving average on the four hour charts, just around $45. A very quick little buy on dip zone on those there. OK, so that's what I want to cover. Let's get to breakout trading and looking at some of these individual names. And then and then mass, you can come on here. And by the way, everyone, if you can just start typing in the stocks that you guys want to have quick looks at so that mass can organize them and and he'll be lightning around any of the stuff you guys want to look at. Feel free to start typing those symbols in. But I want to go to today's breakout trade and I chose to publish mosaic. But I want to highlight that I first wanted to actually publish nutrient and I flipped in mosaic simply because nutrient already is in our portfolio in our long term commodity trades. If you want to break out trade nutrient, I like it as much as as mosaic. And so pick your poison in terms of which one of them you want to put this trade on. I am going to illustrate this with mosaic. Now, I want to highlight on both charts. What is the one thing that we've seen? So I'm going to put I'll start with mosaic. But I'm going to put on a weekly chart and highlight that we on whether this was a nutrient chart or whether it's a mosaic chart, there has been essentially on almost three year long bear market full on Eiffel Tower formation that happened. Where basically we had that parabolic 2021 rip where these ag stocks were making redonkulous money, almost felt like what we were experiencing in gold and uranium today. And then they've gone through a three year cleansing. It's been a prolonged bear market in almost all of these. And so we had start this year a legitimate turn in that bear market period where we've now sustained materially and on a sustained basis above the 50 week moving average. And even on these weekly charts, even though we had earnings misses on a few of these, notice that all of them, mosaic included, gap down to a 50 percent retracement and have since been recovering. Right. This to me has all of the characteristics of a of a technical chart that has done an extended accumulation cycle basing formation. And whether you want to call this a cup and handle or whatever technical thing you want to put on here, this looks like it has legitimately transitioned into the bull face. So whether I put on nutrient, you see the exact same chart with the exact same pattern set up. Right. And even then, like the IPIs, like this is Intrepid Potash, went through a vicious bear market, very similar style kind of chart pattern. And then let's say you take CF Industries, which has been holding up much better. But even then, this entire pullback on CF Industries was just a perfect 61.8 retrace before it turned back up. Point here is that these ag stocks, like I can't promise you anything or guarantee you anything. But what I like about the ag stocks is we have a stock market that feels very toppy. And what I like about the ag stocks is that the ag stocks really march to the beat of their own drum. Their beta correlations to the indices are incredibly small and they don't tend to think. And so if we're going to own something that is bullishly setting up, it should be something that can march to the beat of its own drum and is not going to have the direct stock market correlations that we would be worried about if we took on something like a financial stock or a direct industrial. Anyway, so let's talk about Mosaic. So Mosaic had a very disappointing, first of all, had a huge earnings beat back in May that shot the stock when it was down to $22 all the way to $38. It had a earnings miss that gapped it down to like $30, $31. And the buy on dip traders did not sell. Like one of the reasons why I generally try to avoid stocks right after their earnings is because sometimes what happens is that when fundamental big fund managers have a very large position in something, if the earnings reveal information based on their mandate and criteria for filtering stocks, if for whatever reason the company no longer met their requirements, they would begin the process of unloading absurd amounts of positions in their accounts, which tends to create these multi-week sell cycles of follow through as these funds just have to unload these positions. So I never like to buy the first impulse on an earnings reaction. But now that we can look rear view mirror on more than a month of price action, it is clear that Mosaic has been purely accumulated during the last month. All dips have been bought, it's been recovering, not only fully recovered back towards its highs, but it's back above its 50-day, had a monstrous bull breakout candle back here on the 24th, and generally right now is fibra tracing for a test of the 50-day. So to me, I want to discover whether this thing is going for a direct double top retest of this 37 level where our target one is, and or whether this is going to be a bull continuation pattern where we're going to look for this thing to finish a measured move as high as even $45 on the right condition. And so this, to me, is our trade, again, the similar pattern you can observe on Nutrien, where this entire pullback has held the 50% retracement, had a very strong bullish reversal candle, get back above the 50-day, breaking this descending trend line, and it's held for a week. And so, you know, targets to $62 and measured moves even to $70-plus are very realistic upside targets for this. And so let's watch and trade this ag space, everyone. And so this is the theme of the breakout trade, so let's size up the options market and what this looks like. So, right now, the stock is trading at $34.59. Let's just see. There is a $34.50 strike. So I'm going to actually go from a $35 down to $34.50. Beautiful thing. Our typical two-plus-week option is the October 17th monthly. So you can see the $34.50 strike is basically $1.00. And so what I'm going to come in here, I'm going to come in here and buy 1,000 shares to size the risk to about $1,000. And buy 10 of these at-the-money options that are the October 34.5 puts. Now, in our typical fashion, if somebody wanted to use a deep-in-the-money synthetic, you can observe. If you go out to November, you can find yourself an $0.83 delta going down to the $30 strike. It's a $5 option. And it's only $0.15 wide on the bid and ask. Very acceptable, deep-in-the-money synthetic, $0.80 delta positioning. And those of you that want to swing for a Hail Mary, you can see you can buy these $1.00 November 37.5. And you can come in here and, let's say, buy five of these. And that's a very reasonable Hail Mary for a breakout to a fresh new high. And so that is the breakout trade of the week. You can also observe here, you know, a very reasonable, like, nutrient here. It's at $98.00. This was the $57.50 put for a buck and a quarter. But it'll probably be a buck and a half for the $58.00. So you can totally come in here and put on even a nutrient if you prefer it. Okay, so let's talk about the other breakout trades we have active. And then, Mass, you can jump on here and we'll run the Q&A. I want to highlight that the TLT trade, still love it. And still setting up, still looking good. Right now, the SOFR leg of the arm, the short-term rates have not been so responsive. We'll see, obviously, what the impact will be in the post-shutdown period and if and when the jobs numbers inevitably get released. But you can see the TLT reacting positively off of our key zone. And so things are looking good there. And so let's continue to watch how this develops. Now, the AMD position, I think the part that bothers me about AMD is the fact that NVIDIA managed to rally all the way back up to its highs. And here, AMD couldn't break out of a three-week trade range. Like, why is it when Intel is running and all these other kind of semiconductors are flowing, why isn't AMD giving us confirmation of this buy-on-dip by actually simply just breaking to a higher high? To me, it is a concern. It is. We recognize the whole point of putting on only a two-week hedge is because we're seeking, essentially, the market to prove that the timing of this entry was right and that it would bullishly begin to follow through within the two weeks to illustrate that the trade is in play. Here we are, you know, with a Friday expiring hedge, and AMD can't even break out of a small multi-dollar trade range. Now, that may not be enough alone to have us drop it at the end of the week, but I do have to say it is disappointing price action. And the bulls better show up here and give us a sign that this is following through, or we'll have no choice but to admit that this wasn't the breakout we were looking for. With PepsiCo, another one where I love the setup, but I'm hating how long it's taking for this thing to react. Like, it's still sitting in the FIB zones. It's still arguably right at its 50-day. I mean, if it had one update of $3, $4 shooting up to, like, $143, $144, traders would chase and the thing would break out and the thing would be ripping. You know, it's still actually a very clean setup. The question here is that, you know, like, how long do we continue to give this time to work? With it now trading right at its 50-day moving average, well, hopefully we'll have a little bit more information about this as we get to the end of the week. It would be nice for us to see something that gives us an indication as to whether we should stay with the trade or drop it. All right. Max, why don't you join the conversation here, bud? All right. Sounds good. Actually, before we get to the questions, just while we still have peak attendance, just a friendly reminder that today is the last day to still secure our previous prices before the increase. So those of you that are waiting until the last minute recognize today is the last day to still get those prices at that. So make sure, Massa, you can remind everyone afterwards, but if you want to put the link in, you can type that into the chat. Sounds good. Yeah, let me actually find that link. Here we go. While you do it, give me a stock to start talking about. Well, it's already done, Pat. You don't know how fast I can do these things. Let's go. Let's go through a bunch of stocks, people. Honestly, through a bunch when you mentioned it there. So BIIB. So, yeah, no, look, it's testing its 50-day moving average, a bit of a deeper retrace. But you know what? I still think it could be a very clean buy on dip, right? Like it could still be a 50% retracement of this move right at this 50-day moving average. Totally an acceptable way to put on a breakout trade. So if any of you want to not do a trade in the ag space like we put on, you know, Biogen is a pretty clean setup from its 50-day and retracement zone. Looking at SLB and some of these oil plays, actually, CVX, Oxy. Right. Like, so this is a trade range on Schlumberger, and I continue to speculate that this is an accumulation zone and a basing formation. But there is zero technical evidence that the bulls have begun a new accumulation cycle on Schlumberger. So Schlumberger remains chewed up in this trade range, and we'll see. But when you take a look at Halliburton, I'm just going to use that. Halliburton, it's the other kind of big player within this oil services play, had a very decisive bull breakout. We're going to get some important information in a few weeks when this thing reports in October. But what I'm dying to see is whether a stock like a Halliburton can actually hold the FIB zones. What it will do, what were its previous highs and gap, act as support, and this thing stays decisively above 23. Because if you have generally the OIH and Halliburton holding above its 50-day moving average and generally staying in bold trend, then Schlumberger will inevitably follow suit. And it will probably do some sort of retesting of lows and then come back up. But you do want to see the whole space behaving that way. Look at Costco. Yeah, that's a disappointing earnings gap. By the way, we are obviously going to now have to start paying attention to earnings dates. Now that we get into our typical two- to three-week breakout trade option hedge window, we're getting into that Q3 reporting period. And we're going to have to start watching for more of these hand grenades that have the pin pulled on the earnings announcement. Now, disappointing breakdown. Not a fast recovery. Overall, prior to the earnings for the month, this has had distributive price action, lower highs, selling pretty systematic. It was essentially a horizontal-style triangle being formed going into the earnings. And what's interesting about that was that the entire triangle was held to a 50% retracement. So when this gap happened, it now has opened the window for Costco to begin distribution cycle that now clearly measures down to levels where we've seen Costco throughout late 2024 and early 2025 during the Liberation Day sell-off. It is vulnerable here for definitely another $30, $40 to retest some of these lows. That's where the measured moves are all pointing. Will it be a buy-on dip there? Maybe. You know, I don't want to be, like, saying that this is going to go do lingo to the downside. But we are clearly in a distribution cycle, and the next logical place for the lows to come in would be along these measured mood completion of support lines. So I would leave Costco alone, unless, of course, you wanted to clip a little bit of a short to the downside on it. But outside of that, I would leave Costco alone until we see where that bottom forms and see whether it emerges like a buying opportunity. Looking at VST. Will it prove to be a double top? It's disappointing that we're seeing a red candle coming that is breaking below its 50-day. Now, it broke below its 50-day back here in early September. That in itself isn't the nail in the coffin. But if you observe here, that last rally has been a direct retest of its highs, which can qualify as a double top if this breaks down. And we're having today a breakdown that is attempting to violate that FIB zone, which, if that's the case, could usher in a bigger correction where you're seeing these kind of stocks go and do a 50% retrace where something like this can break down to $150 or lower during that period. Very good candidate for doing some hedging on it if you're long, or if it's staying below the 50-day, even leaving it alone. Look at ZG. So, kind of a nasty breakdown in it. Now, I'm not sure what the news was on Zillow that caused this, but it is slowly approaching FIB zone. So, it's one of these things where I wouldn't necessarily short it, but you've got to find out where and how long it takes for it to base. But if over the next couple weeks, if this stock does not break below $70 and sits in a FIB zone, it would be interesting if it developed into a buy zone on a FIB basis. But on the short term, can it drop another 10% towards $70? It would be entirely on the table. It's too early to buy the dip, I think. Looking at DHR. So, Danaher is one of these medical names that took it on the chin in this recent sell cycle. But the puzzle to solve is that, like my thesis for the entire healthcare space, are we in an accumulation cycle where we're establishing the fair value zone and accumulation base for the stock? You want to put in context on a weekly chart that this stock has gone, you don't need a weekly chart to see it, but basically this stock has gone through almost a halving, going from $280 late last year to testing about $170 down below. Is this going to be a bottoming formation? Is going to be the puzzle to solve? What I would, where obviously I love the setup is that if this thing recovers and then gives us a flagging formation above the 50-day that is holding Fibonacci zones, that would be where you'd be looking for bull continuation. It's a very aggressive buy here. If you're buying here, there's zero evidence other than it traded to a support line that there's a buy here. So you can speculate on that aggressively. You might, aggressive entries often offer the best payoffs, but there's not a lot of technical evidence that new buying is already underway. So, you know, you have to try dabble with that on your own risk. Looking at BB on the Toronto Exchange. BlackBerry, I haven't looked at this stock. I mean, it's also on the U.S. exchange, whichever bottom line. It turned up the measured move on BlackBerry. Man, I used to have a BlackBerry. Who here had a BlackBerry before? I can't believe this happening. Everybody had a BlackBerry. Yeah, and we haven't looked at Nokia forever as well. But it's a solutions company now. It's not so much a cell phone company. Yeah, I get it. I get it. The point here, the measured move is to $6. And the retesting of the January highs. So maybe it follows through. Thanks for the throwback, whoever put it in there. Looking at RKT. Rocket companies. Hey, look, it's right at a fib zone, a bull trend. You can always dabble with an on-the-mark here, right? Like, it's right at the fib zone, right at the 50-day. It's an asymmetric level. If it fails, it's easy to stop yourself out of it right at this fib zone. So you can dabble with this retracement. Looking at BSX. Sorry, V? B-S-X. B-S-X. Yeah. Like this? Yes. Yeah. Yeah, I mean, it's coming down to a fib zone. I don't know what spurred such a violent round of selling. But the only red flag I have is that this reeks and smells of a broader distribution cycle, which is that the stock spends an extended period of time along its highs where smart money is selling into the strength. And the bulls have lost all the upside momentum. So when I see a breakdown like this, while it's coming to a fib zone, which 100% has asymmetry, the question what I would have is that if you attempt to buy this dip, if this thing has a pathetic weak rally that fails below 105 and stays mostly below the 50-day moving average, you've got to get the hell out. Because then this thing could just get right into a bear mode on the other side. Like you need, if you're buying the dip here, this thing to punch back towards its highs decisively to show that the buy and dip traders are back. Looking at LLY. So LLY, another one of these, okay, it's in a primary downtrend, lower highs, lower lows. It is back below its 50-day moving average. Now, do we want to speculate that LLY is already putting in a major bottom? There is a large high-volume node consolidation pocket here. If generally, LLY, if it proves that this gap down was a nothing burger or like just an earnings miss and the buy and dip traders leaned into it, then you should see that this thing is going to stay decisively above that moving average, hold all of these things. And then you'll see that it will set up for a bull continuation. I would like this chart to develop more before I make a bolder call on it. But you can basically assume it is still in a primary downtrend. And if it stays below the 50-day and breaks below 700, you have zero business being in LLY. Right? Like, the entire LLY thesis has to be that these kind of support lines hold and it spends a lot more time in the upper trade ranges going back towards 800. Looking at SHW. Yeah. So, very neutral. Like, it broke below the fibs on the retrace after finishing a measured move. It's stuck coming, falling back into a massive high-volume node kind of trade range right in this pocket. And I wouldn't say anything bearish or bullish. It's a very ugly trade range. And it's fallen right back into it. You have to assume now that the trade range has a real possibility of dominating it. EW. Primary bull trend, it did get bought on dip right in the fib zone. And it's now bounced. What's nice is the bounce has been decisive buying for the last three, four days. But it's coming right to a 50-day moving average. What you want to see in the next couple of weeks if you've bought this dip, that this thing continues to follow through back to the highs. The disappointing price action would be where it can't make any progress back above that 50-day on a sustained basis and continues to reject fib zones. That would be the negative. Now, I'm not saying I'm predicting that. I'm just saying that something like this word life sciences really needs to follow through back decisively towards 80 bucks and stay there in order to really kind of mean that the bulls are still in control and still leaving the window for a punch to 90 on the table. OR. It's a flagging formation for a bull continuation. If this thing can clear these highs, you're in business. And at that moment, it could go to that $17 previous high very easily. Looking at WPM. I mean, this is like every other precious metals. This is going to rally until the gold miners finish. And when the gold miners turn, this will turn. There's nothing special about this chart. This is the same GDX chart that we've been looking at every single day. Look, if these gold still goes to $4,000, this thing will be at $120. But this is just a pure play on the money flow into the gold miner space. Looking at SMCI. Yeah, like this is an example where earnings miss and then several weeks of distribution, right? But after several weeks of distribution, it didn't violate the FIB zone in a very ugly way. I mean, it really just kind of tested the zone. And it's attempting to break back above the 50-day moving average. I don't know the story of Supermicrocomputer, but, you know, if this thing can stay above the 50-day and start filling that gap on the upside, maybe that was a buy-on dip. You can definitely dabble to see. Why don't you give me two more? Sure. FSLR. So, first solar has been working higher, dip's being bought. Yeah, this can retest its highs near 260, where that October high was. And TLSA. Yeah, we already talked about, oh, no, sorry, TLSA, not Tesla. Okay. No worries, no worries. Let's fake it. All right, so, yeah, I don't know. It's a very kind of sketchy chart because this sell-off didn't hold the FIB zones, didn't hold the 50-day, and didn't hold what were all its previous highs. So it was a much deeper and more violent correction to the downside. At the same time, the market bounce on the upside has not decisively cleared the FIB zones. I hate, first of all, doing any analysis on $2 stocks. So take this all with a grain of salt. But, you know, if this thing can't clear this $2.20 area and trades back down to $1.80 or lower, then to me, I would kind of pivot to a more neutral stance on this position at that stage. So, but, anyway, go on next. One more. All right, one more. Let's look at ABBV. Actually, a lot of these medical companies have broken out today. Well, no, but ABBV has been in a bull market. Like, unlike a lot of the other health cares, this is one of these pharmaceuticals and a major one at it that had this big sideways consolidation and actually bull broke out and ran. It's a very Johnson & Johnson style chart. I mean, it's kind of, it's completed all sorts of measured moves. I mean, a very short-term technical measured move would be for ABBV to finish up here to $2.35 on the short term. At some point, it's going to consolidate, but it doesn't have to be a super bearish consolidation. But, you know, you have to, at some point after a run like this, be expecting this thing to kind of take a breather after such a big run. But great chart. All right. That's pretty much it, Pat, here. Thank you very much, everyone. Yeah, take over, Bud. And I'll catch all of you online tomorrow. We'll take a deeper dive into everything and see what the reactions are to a, first of all, whether or not there is a shutdown. And then we'll see what the market reactions are to it. So thanks, everyone. Masel, yours, buddy. All right. Thank you. Again, just last time I put the link here for the 948 legacy offer for people that may have not heard the thousands of emails that we have sent. And you can see, actually, the webinar that we hosted yesterday on the members' homepage. So that will be – wait. Can you see the screen? I'm 100% sure. Yes, there you go. So you can see the webinar that we hosted last week. And you can actually get the link for that legacy offer right in there. So it's your last chance after 12 p.m. Eastern time tonight. You will not be able to get that deal. All right. Let's see here. Let's talk about a few things on the news. So, yeah, just like you're mentioning, Bruce, there is a looming government shutdown pretty much taking place here. So the October 1st is the deadline for this. So Congress faces another standoff over government funding. Although the Republicans do lead the House, they still need eight votes from Democrats to support the bill. And if this doesn't get passed, obviously, they could very well be forced to shut down. So Democrat leaders are insisting on the inclusion of health care provisions absent from the Republican-led bill and extension of premium Affordable Care Act subsidies, which are set to expire at the end of this year, and a reversal of cuts to Medicaid funding that were enacted earlier this year as well. And they also want new restrictions on President Trump's ability to refuse to spend money appropriated by Congress for specific spending bills. But, yes, this happens every single year. Just the time before that was back in March when Congress was just days away from a partial shutdown before lawmakers reached a spending deal to fund parts of the government last minute. Again, like Bruce said, this happened literally at least once or twice a year. So it's not honestly huge news, as we say. I wouldn't be surprised if we get to Friday morning and everything's all good. Or I guess I know it's tomorrow. Tomorrow. So moving on to OPEC Plus here to discuss fast-tracking return of halted production. So this has definitely been on the news a lot. Oh, no. Well, I'm going to need to get this charger, guys, or else I'm not going to be able to give me two seconds. Sorry about that, guys. Thanks for sticking around, actually. So we're all good. So, yes, a lot of news about OPEC Plus pretty much bringing back their production. So they're meeting on October 5th. And they're possibly talking about bringing back about 500,000 barrels a day of barrels back to the market. This would obviously be the old market headed for a record supply demand surplus for this year and next year. I mean, we can see the surplus that's been taking place just in 2025 and 2026, while OPEC Plus largely was able to keep supply pretty, I won't call it tight. I mean, just even with demand. And now we're starting to see supply coming back to the market. And, no, that's pretty much it. Earlier this month, OPEC partners did decide to add as much as 137,000 barrels a day. But, yeah, now they're pretty much talking about possibly bringing back more. But let's actually see going into next week what the news actually is. It could definitely affect energy prices accordingly. So I would have that on watch. Let's see here. Okay, last news I want to touch on was CoreWeave. Pretty much coming out with another deal now with Meta lending a $14 billion AI infrastructure deal. So obviously quite significant for CoreWeave. This is CRWV. A lot of you guys bring it up here in the chat. So I want to talk about it. Up 15% on that news. It definitely looks very positive. You know, had a huge run post IPO. Consolidated literally in the 50%, you know, multi-month FIB zone. And has broken out again. So definitely looking quite interesting. I know some of you guys are in the stock here. So congratulations. But, yeah, that's pretty much it on the news front. So let's go back to some of your chat questions here. Okay, I'm going to lightning. I'm going to go through a lightning round here just because you had quite a few stocks you want to go over. So SWBI. Steve here, you're saying that you have a December $11 covered call. Should you wait for more of FIB retracement to close the call? Okay, so you're still at $11, which is actually still quite far on this. Obviously, the stock has been quite volatile here in the short term. But I don't think you actually need to do anything quite yet. If I saw that Smith & Wesson here was trading along the $10.50 level and it definitely broke out of it, I would start to consider just closing it out or even just rolling it up. But look what's happened just yesterday with a huge wick up into that zone and it got rejected. That means there's actually a decent amount of selling pressure in this zone. And even if it's trades there, it might very well stay there for a few weeks or months. I mean, who knows? The chart in general is very bearish. So you definitely, who are buying, that we're buying an absolute low in the stock. It's obviously been working out to you in the short term. In this case, yeah, I wouldn't do anything. I would be more patient. $11 is still like $1.50 away on a $10 stock. So that's still pretty significant. So that's what I would watch. IPI, we already touched on with all the ag stocks that Patrick was talking about. But, you know, it looks very similar to the rest of the ag stocks. Sand Ridge. Sand Ridge, still struggling to make any sort of significant reversal from the lows here. It's nice to have seen the head and shoulder pattern from the bottom here. But again, it still hasn't broken up that neckline around $11.50 to $12. So again, I would, at this point, there's no reason to buy this and hoping for the reversal to happen now. You might as well get the confirmation that we are going through like a multi-month or multi-year reversal on the charts here. So again, maybe you just want to keep on your watch list if you wanted exposure in the Nat Gas plays. Duke Energy, kind of the same thing as the other Energy plays. I mean, this one's actually behaving quite well, turning from the bottom here, consolidating right in the FIB zone. It's actually really nice. If you were to pick an energy play, this is definitely one you can consider. Let's see what other industries do we have here. CRWD, not already touched on that. A-R-E dot on the TSX. That's Akon Group. So one of these engineering corps. Yeah, honestly, this price action here I find pretty interesting all the time. Went through a really big bull run, minimum consolidation, then completely reversed it at the end of 2024. And then, yeah, then we actually held some longer-term FIB zones more like on the weekly chart here. It's almost more worth to look at it this way. But, yeah, at this point, look, if you get to buy this on dip a little bit, get these bullish flagging formations you can buy on dip, it becomes really interesting. I can't say to stay away from this. In the very short term, you are buying a bit of a dip here. And at the end of the day, you're getting confirmation that we're getting more bullish price action from this. So if it's something you've been watching, you can definitely consider it here. Duke's Utility. Okay. Thank you for confirming, Steve. I thought they were actually in the production space. Okay, let's see what we got. I-O-N-Q. I think it's one of these quantum-related type of stocks. Anyways, $18 billion market cap. I mean, it's not tiny, but it's not that big either. Yeah, look, it's just getting a bubble type of price action. I mean, this is a small company. Obviously, there's a lot of hype surrounding this type of story. At this point, it's a bit just too long in the tooth. You'd want to wait for a very deep consolidation if you even considered this. But at a minimum, I would want this to fall back to the $52, $56 zone and see if the bulls are still in control of the price action. But if it fails $52 here, I would stay away for a bit longer. If, again, that's something you'd consider. Looking at Nova Nordisk, yeah, I've been struggling to regain market share. Again, very bearish price action. Really no signs of reversal. Still trading within the FIB zones here and selling off. So I would personally stay away from this. J&J, like I was telling Patrick here, some of these healthcare plays are looking quite interesting. Like J&J, a kind of turning here. No, not Albemarle. Pfizer also had a bit of a jump today. But the price action definitely isn't as bullish. Still trying to build some sort of reversal in its longer-term chart. But I was looking at some other ones like MRK. No, that's actually at the bottom of the range as well. It's definitely a big mixed bag in this space in general. Like even XLV has been trading at the bottom end of the range for quite some time. And it's really just struggled to beat this $136, $137 zone. But let's watch. Let's watch if it actually holds here and keeps breaking out. PayPal. So I'll finish with a few more. PayPal for a short position. Yeah, you know what? It's an interesting thought. What I like about it is it's honestly just been stuck in a bit of a range there. But I do like that it wasn't able to beat this FIB zone here and completely failed. And yeah, I mean, even at the previous support here on the reversal, wasn't able to hold it. So it's actually looking pretty interesting. You can literally aim for a full measure moved down, especially if equity markets.