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$MOVR hit full target and then some! This is why I like to leave a runner piece in even after all TPs.

Congrats if you played this.

$MOVR Long Idea

I think I had shared this one previously on either a stream or in DM but the setup is still perfectly valid and just as appealing today as it was almost 2 weeks ago.

I am already building a position here and will add on a sweep, as illustrated in the image. I don't know if it will sweep, but I will take it as an opportunity if it does.

Attaching the original setup I shared on the 1st of the month for reference.

S&P 500 vs M2 Money Supply

This ratio shows that the S&P 500 hasn't made a new local ATH when measured against M2 money supply.

The S&P500 also hasn't made a new ATH since the dot com bubble against M2

The two lacks of an ATH could be an indication of non-confirmation of a sustained rally

VXX Short-Term Update

• Ideally, VXX should make a lower low to complete micro-5 of v.
• Whether it is the red count or the black one is TBD.

Something changed in this market this week. Everyone's trying to figure out why.

The Fed has been buying roughly $40 billion a month in Treasury bills since December to front-load the liquidity drain that comes every year around tax season. Banks need to be liquid when all that cash goes out the door. The Treasury is issuing debt to meet its obligations. The Fed buys it so the banks don't have to.

As we got closer to tax day, the Treasury likely reviewed its numbers and realized it had excess cash. That excess doesn't just sit there. It finds its way back into the system.

The Treasury General Account started drawing down the week of April 1st. About $100 billion.

The Fed also announced it's keeping $25 billion of those monthly purchases going forward. Look at the balance sheet. It's growing. That's money printing.

Now think about where that excess probably ends up in this environment. Oil is volatile. Foreign markets are a mess. Geopolitics aren't improving. The money goes to the cleanest s

Materials, Nuclear, and Quantum the big winners

Looks like from everything being watched on the sector and watchlist these have been the big winners. All seem somewhat related as you need rare earth materials for Nuclear, and you need materials for Quantum. I don't know if Quantum right now is the highest speculative play and highest beta trade which is why it's taking off right now or if there's some progress and narrative changes that means it might still be early to hop on the momentum.

Massive Rally, Slice Portfolio up 4% and happy to be wrong with further deviation

Q1 was a tough year for trading and there was a lot of directions the markets could have gone. Per usual it picks the most ridiculous path which is to just run it all back in a very short amount of time. I know there's been a lot of confusion with my posts and I've been confused too but this is why I don't put all my eggs in my basket and why even why I call or upside or downside I have trades going in the other position.

$PENGU Long Idea

Another chart that I am watching for either a sweep of the lows or a push higher and then pull back for entry.

One thing to note about PENGU is that it has already swept previous month low (PML).

VXX: 80-Day Cycle Target

• Cycles served us well with VXX. It satisfied the 40D cycle target and generated an 80D target (shown below).
• This is a downside magnet, but it does not need to go in a straight line there, there is a room for a bounce.

$ALGO Short - Bit of a degen play here so doing it with smaller size and risk. Clear invalidation above the recent high.

taken a sohrt on NAS100 here - clean 5 wave move and overextended on LTF