Inside the mind of the top investors

$DAL - Survived through earnings, and dark pool and unusual options activity is making it look like it wants to push into the $100 range. Right now there's massive upside call activity with Decemeber expirations at $87.5 and $95. The chart looks good, the flow is aggressively bullish, and going into Q4 travel season with the potential impact of gas prices coming down could setup for a nice move. Still keep a stop loss because if this is not the bottom right here then will cut and find something else that can hold it better.

Wafer stocks have been pulverised with other AI names... and yet data is still good. Formosa Sumco monthly data is rising strongly, and the divergence with Sumco is getting wider...

hidden bull divv on BTC suggests this is subwave 4. Probably pops up to 96k over the coming days. That will complete the corrective structure.

Long-term Gasoline Cycles

• The three dominant cycles indicate pricing pressures into 2028, then easing of pressure into the early 2030s.

• This outlook aligns with the inflation indicator cycles I posted a couple of times.

Where are Gasoline Prices Headed?

• Everyone is interested in gasoline prices and their impact on inflation.

• The two dominant cycles of gasoline futures indicate a pullback into Nov-Dec’26, then up into Spring of 2027.

EURUSD Cycles

It looks like multiple cycles troughed, so maybe a multi-month bounce may be in play.

NASDAQ 100 Technical Analysis – A Follow-Up
• After a deep oversold condition on Friday, NDX attempted to bounce but could not overcome the 50D and 100D MAs.
• Initial strength on Monday and Tuesday was met by afternoon selling, which produced two consecutive spinning top candlesticks, signifying indecision, i.e., a battle between bulls and bears.
• NDX remains stuck inside the ugly Friday’s candle and between the lower Keltner channel and 50D and 100D MAs.
• It needs to show another card, i.e., break the range.
• Somewhat surprisingly, the NDX/VXN ratio has not been able to bounce even to the lower Keltner channel.

Market Breadth

Remarkable market breadth on Tuesday lifted the broader market, including the Dow Jones and Russell 2000.

Even the NASDAQ had positive breadth despite finishing slightly lower, held back by most semiconductor and Magnificent 7 stocks.

Rotation again, for a day or two?

The previous gray count is back