Nasdaq $QQQ survives the 100-day moving average test again
✅ Absolutely incredible Source: Barchart
Can the 200 days moving average save BTC ???
Source: Trend Spider
Amazing dichotomy between Tech hardware and software stocks over the last year.
Hardware and semis stocks are up the most of any group with average gains of 50%+. Software stocks are down the most of any group with an average decline of 20%+. Source: Bespoke
The semiconductors relative to software performance is getting very very extreme...
Long / short positioning on this pair by hedge funds is also hitting extreme levels Source: RBC, Bloomberg
Current gold bull market in historical perspective
Source: Willem Middelkoop @wmiddelkoop Canaccord Genuity Bloomberg
NVIDIA halts plan to invest $100 billion in OpenAI.
First Apple ditched now NVIDIA planning to pull back.. Source: Brainz - Systematic AI Execution Platform (SAIEP)
Goldman notes that after a few quarters of uninspiring market that follows positive earnings release, beats are finally being rewarded.
Companies beating consensus EPS estimates have outperformed on the day after reporting by +207 bp on average, more than double the historical average of +98 bp.
30-day realized vol in gold has climbed above 44%, the highest level since the 2008 financial crisis, according to data compiled by Bloomberg.
That surpasses the roughly 39% for Bitcoin, the original cryptocurrency often dubbed “digital gold.” Since Bitcoin’s creation 17 years ago, gold has only been more volatile on two occasions, most recently last May during a flare-up in trade tensions sparked by President Trump's tariff threats. Source: Bloomberg, www.zerohedge.com
