Artificial Intelligence thinks this is what I look like as an action figure. Not sure I like it 100% but then again...who am I to argue with AI :)

If there is one thing that has become absolutely consensus of late it is that there will be a fourth-quarter stock market rally this year…😬

Coreweave - $CRWV will be a critical stock to watch in Q4 to measure risk appetite of the AI trade and thus risk assets in general

$BTC is once again at this critical juncture...red circles...third time since July

Could bitcoin $BTC ( or $IBIT ) start catching up to gold here in Q4? It has done so before...;

Is gold getting near-term overbought? (We remain long term bullish on a trend following basis)

Utilities via the $XLU have now also reached the very upper end of a 25 year range. We are super bullish this space on a 5 - 10 year time horizon...not sure it's worth chasing here for the near-ish term.

Here’s what I’m watching: notice that as soon as the Fed turned dovish and two year yields went lower, gold started to go vertical to the upside

Boy is this a long term bullish setup if i’ve ever seen one. Structurally (giant future demand for aluminum) and yes, the chart backs it up

Just a reminder that utilities are the best performing sector in the S&P 500 year to date...yes, utilities. If the whole AI narrative wants to have any chance of working, we need a crap ton more electricity...

Our Vertical X Pro Indicator is now registering its first extreme overbought signal in gold for the first time since April (after that April overbought signal gold went sideways for 4 months)

I would imagine NFLX will resolve this consolidation phase after earnings here after the close...in either direction

I think this is interesting for context: While the Nasdaq 100 (QQQ) is screaming higher on a few isolated names, not even bitcoin is rallying (stuck in a sideways range since early summer). Even gold (green line on the chart) has lost some momentum of late when it got overbought

It strikes me somewhat ironic that on the day MAG7 earnings and QQQ yet another all time high I am sitting here at global HQ of Invesco…the guys running the QQQ etf

My four-gap rule is as follows: when we get four up-gaps in a row on an index like SPY or QQQ , at least the last two them usually fill with 1 - 2 weeks or sooner

Here is the % of fund managers underperforming their benchmark over time. Think about this long and hard as far as your investment portfolio goes (not your trading account). If you are playing captain stock picker your odds are near 0 to outperform say the s&p 500…over time

Probably not an unimportant spot here for semiconductors - SMH

This doesn’t make for popular TV… but there’s a chance that the NASDAQ 100 is putting in an island reversal pattern…. Just be open minded that’s all

Off topic, but if you’re looking into seriously increase your investing and trading productivity consider getting one of these huge wide screens monitors. I just today received my Dell 49 inch wide screen and it’s so productive.

Probably too simple an 'analysis' here...but grade-school chart analysis would label this a double top in Microsoft $MSFT, for now