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Revere Asset Management

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SEC-Registered RIA. Transparent, fee-only fiduciary. GROW assets during uptrends, PROTECT during downtrends. It’s what you KEEP that matters.

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📺 Follow-Through Day Confirmed – Now What? Please ❤️like and 🔁share with fellow growth stock investors In today's market update, Connor Bates notes that the market has flipped back into an uptrend, driven by a broad, powerful gap up across all major indexes. It was triggered by the U.S.–Iran two-week ceasefire, which acted as a macro catalyst and unlocked risk-on sentiment. This move confirmed a Follow-Through Day (FTD) — a key signal that a new rally attempt may be underway. However, this is not “all clear” yet. Distribution after the FTD could invalidate the move. So, while the trend just turned positive, it still needs to prove itself. We are watching it closely. * On Wednesday: – $SPX gapped above 8/21 EMA, and 200-day MA. Closed right at the 50-day MA → key resistance level. Strong close = bullish confirmation, but still testing a major zone. – $QQQ closed firmly above the 50-day MA, showing stronger relative strength vs $SPX. Growth leaning constructive again. – Equal Weight S&P $RSP also gapped into the 50-day MA – suggests broader participation, not just mega caps. Mega caps $MAGS actually showed relative weakness, closing below the 50-day and 200-day moving averages, meaning this rally is not being led by big tech (yet). – Dow Jones $DIA closed right at the 50-day MA. Still in a decision zone. – Small Caps $IWM had a very strong close, confirming risk-on behavior. Important: small caps leading = healthier rally. – Mid Caps $MDY held the 50-day MA. Strong close → confirms internal strength. – $VIX dropped ~18%. Still above 20, but moving in the right direction. This is exactly what bulls want: volatility collapsing. – Dollar $DXY gapped down, had a slight recovery, and then rejected the $100 level. Weak dollar = tailwind for equities. – #Gold $GLD still building, no breakout, Gold miners $GDX → rejected resistance, while #Silver $SLV → mixed. – Bitcoin $IBIT was surprisingly weak. * NASDAQ Breadth / Indicators: – RSI bouncing up from oversold (30) – MACD bullish crossover – Indicator reclaiming 10 EMA This is called bullish alignment. And historically, when this happens, growth stocks and market breadth improve significantly. This is a strong tailwind if it continues. Fear & Greed Index: Extreme Fear → Fear (30) – Sentiment is improving, but still cautious – This is actually good for a rally (room to move higher) * Interestingly, despite the rally, software stocks $IGV got crushed again. The trigger – new AI developments (Claude agent release). Names like Microsoft $MSFT, Oracle $ORCL, and Palantir $PLTR were all down. * Some changes in our portfolios: – In Grotection, we reduced hedges $SPXS and bought DigitalOcean $DOCN and Cheniere Energy $LNG. – In Turbotection, we trimmed our $NVDA short and bought $SPYM, BWX Technologies $BWXT, and Solstice Advanced Materials $SOLS. We are less defensive, selectively adding risk — but not yet fully bullish. * So, for today, respect the trend shift, but demand confirmation over the next few days. If this holds above the gap and builds, you’re looking at a real trend change. If it fails quickly, it was just a news-driven squeeze. * If you enjoyed this short video, please ❤️like and 🔁retweet You can now find more details about Revere Asset Management in the FAQ section on our website, along with additional insights into our investment process, portfolio structure, and onboarding. ▶️

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