Goldman Sachs Panic Index soars to highest level since March 2023

Despite the lack of pullback, most assets have already pulled back decently as the market consolidated sideways since Feb.

Keep in mind the chart below was before this last big pull.

$XBI trendline/breakout and 200ema retest.

This is where we need to hold in my opinion.

Low 90s average looking for a 2-3y hold here.

The recent yield spike repriced the components lower (XBI being an etf mainly composed of lower cap assets)

We’ve gone from no dip to extension very quickly.

Apart from the $SOUN trade, this year I pretty much only played $LYFT once via option and lost small (5 fig) and otherwise just started long term positions such as $CPNG and managed the book.

(that is for trades after the $SMCI/ $NVDA trades)

Nothing truly exciting this far.