What To Watch & Avoid.

The great Japanese carry trade is over. Recent market turmoil has highlighted key areas of focus for investors. Volatility is high, with the third highest VIX print ever observed. Energy continues to outperform, with XOM leading the sector, while tech giants like META, Alibaba, Tencent, and Coupang show strong performance amidst market stress. However, avoid CSX (rails), be skeptical of the Indian market rally, and continue fading the small-cap (IWM) bounce. Counter-Strike skins and Bitcoin are proving to be resilient assets.

S&P 500: Big trend broken for now. Resistance near 5450 and support around 5000.

Third highest VIX print ever.

Energy outperforming will close this gap against the 10yr yield

XOM continues to be a leader.

Positioning before the first rate cut.

META: Whoever buys the most H100s from Nvidia wins the race.

Alibaba: Last month we brought up how strong it has been. Look at that performance in this turmoil market

Tencent is another huge Chinese name looking strong and ready to run.

Coupang! Huge candle, we’ve been pounding the table since $12.

CSX: Stay away from rails.

India: We do not trust this “rally” either.

IWM: Fade this bounce in small-caps.

Counter-Strike skins are going to continue their strong performance, great assets.

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