Ricardo Sarraf
@nullcharts
Factor/Thematic/Macro Technical Analysis. all opinions are my own, not investment advice, etc.
Bitcoin stopping at the measured move of its 2022-2024 base. After, road to 150K continues. $BTCUSD
$XBI Biotechs, one of the worst industry groups this bull market, shaping up for a quick pop.
One of the most explosive-looking setups in the market right now. the ride up hasn't been easy... $BULL
Utilities are breaking out of a 10 month base with force. $XLU
Hard to believe Chinese stocks $FXI won't break out when the Asian IPO leader and bellwether Hong Kong Exchanges and Clearing $HKXCY is steadily pressing against new highs.
Troughs in Copper/Gold and the Canadian Dollar don't come often. Short-mid term bullish industrial metal stocks, but it has broad implications. These bottoms usually signal the beginnings of multi-year bull market cycles. Is this time different? $CADUSD $HG_F $GC_F $SPX
Let's see if they can stick the breakout. premarket all are up ≈ 15% $KC $GDS $VNET
Unusually usual in this market...
I'm lovin' the unusual options activity in the unusual machines today Long $UMAC calls h/t to @nullcharts for finding such a hot piece of garbage
$MSTR looks so good above 425. Next up: 543
$MSTR, can it clear 425? with #bitcoin a hair away from all-time highs... I think yeah
It's all just the same trade... Liquidity and Sentiment drive positioning. Using $SOUN as an example for the "Speculative Growth" trade here. Altcoin index has the largest Altcoins excluding the majors (so no ETH, SOL, BNB, XRP)
Will be interested to see if Utilities $XLU can clear $83 this session.
The S&P 500 is back at the same level vs Low Volatility that capped the advances in July '24 and Jan '25. A breakout in this ratio would serve as confirmation for the new highs. $SPY $SPLV
The Dollar $DXY keeps getting hammered and "weak dollar" trades keep winning. Read more here: allstarcharts.com/all-star-chart…
Copper $HG_F had a historic move today. Now, the copper vs gold ratio crossed the 50W MA. But this ratio isn't just about copper or gold... Here's one of my favorite instruments to trade this relationship, Posco Holdings $PKX
