It was a great week overall, with the S&P 500, Nasdaq, and Dow closing higher. Our Fibonacci extensions still point to ~4% potential on the S&P 500 and ~5% on the Nasdaq from recent pivots.

That said, the put/call ratio is extremely low—a classic “everyone’s buying calls” read. Historically, that can precede a 1–3% dip or pause over the next week. Treat that as mental prep, not a signal to fight the trend.

Sector & Asset Highlights

Biggest Gainers:

• URA +8.11% and GDX +5.19% led the session. Uranium caught another power-up, and gold miners benefited as metals firmed despite a rising dollar—never accuse this market of being boring.

Biggest Losers:

• IBIT -2.07% and XOP -2.12% lagged. Energy pulled back with crude stair-stepping lower under declining MAs; crypto-linked flows cooled.

Bonds (TLT):

• Treasuries slipped as recent rate-cut enthusiasm faded and some profit-taking hit the tape.

Gold & Silver:

• GLD and SLV were slightly positive intraday while digesting the dollar’s bounce. Seasonality and multi-timeframe structure remain supportive for gold.

Crude Oil (USO):

• Still pinned below downward-sloping averages, with sellers pressing each overbought pop.

Open Positions Recap

ACS Strategy:

• SPY up +2.84% from entry (partial profits locked in)
• QQQ up +3.97% from entry (partial profits locked in)

BAN Strategy:

• SSO up +5.74% from entry (partial profits locked in)
• QLD up +7.80% from entry (partial profits locked in)
• XLC up +9.59% from entry (partial profits locked in)

Closed BAN Trades:

• IBIT +1.50% gain
• SILJ +10.25% gain

TTI Strategy:

• SPY up +12.24% from entry

Discretionary Trade:

• PHYS up +5.86% from entry (partial profits locked in)

Concluding Thoughts

It was another solid week for us and our positions. We learned a little and watched our positions move higher. Let’s keep thinking like a defensive driver—eyes up, scan the mirrors, and respect the rules and the market. Our job isn’t to predict every wiggle; it’s to protect capital, ride trends, and let compounding do the heavy lifting.

Coffee cheers!


Chris Vermeulen
Chief Investment Officer
TheTechnicalTraders.com


P.S. You’ve Got One Shot At A Great Retirement. Take a one-on-one call with our team and let us show you why our Asset Revesting strategy is the perfect retirement solution – Pick a day and time here.

Disclaimer: This email and any information contained herein should not be considered investment advice. Technical Traders Ltd. and its staff are not registered investment advisors. Under no circumstances should any content from websites, articles, videos, seminars, books, or emails from Technical Traders Ltd. or its affiliates be used or interpreted as a recommendation to buy or sell any security or commodity contract. Our advice is not tailored to the needs of any subscriber, so talk with your investment advisor before making trading decisions. Invest at your own risk. I may or may not have positions in any security mentioned at any time and may buy, sell, or hold said security at any time.