As the week is about to close, let’s recall that in last Thursday’s edition I highlighted the high odds of a spike in the Volatility Index. Traders and investors must monitor the $Cboe Volatility Index(VIX)$ ; otherwise, you are taking on far higher risk than you realize. Monitoring the VIX helps time the market much more effectively. With that said, the VIX has jumped 10.2% this week, a significant move indicating that even while indices trade choppily, vulnerability to any bearish trigger is elevated.
To be clear, I was bullish in the Weekly Compass posted on March 28th (in the middle of the panic), and by the final week of April, I documented the strength of the weekly price action observed over the first three weeks of that month, forecasting bullish continuation toward 7,638. That forecast played out with precision before the choppy price action of June and July took hold once 7,620 was reached early in June 🎯. By the end of July, I anticipated the bullish cases for Gold, Bitcoin, $SpaceX(SPCX)$ $Tesla Motors(TSLA)$ $Netflix(NFLX)$, and in September, my bullish calls on $Advanced Micro Devices(AMD)$ and $Meta Platforms, Inc.(META)$ also delivered double-digit gains 🎯.
My cautionary tone is driven entirely by technicals. My approach is strictly neutral: I am bullish when setups dictate it, and I advise caution when conditions warrant it. True to that neutrality, the semiconductor ETF $VanEck Semiconductor ETF(SMH)$ reached today the anticipated bullish target of 618, while $JPMorgan Chase(JPM)$ exceeded our bearish target of 334 this week, currently bouncing after approaching 325, another target based on levels modeled well in advance.
Markets are always moving - and sometimes, the best move is knowing what works for you.
With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.
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