Surging Sentiment Readings: From Hot to Hotter

[SOL]

The upcoming issue will be sent shortly, and it's worth noting that bullish readings are approaching the 55 mark. If we round up the latest reading of 54.5, we reach 55, which falls within the upper range of our suggested target. Surpassing this threshold would undoubtedly indicate an imminent and significant market correction.

This rally stood out from the norm (Unusual)as the Nasdaq, SP500, and AI-based hi-tech stocks took centre stage, driving its momentum. Consequently, these sectors are expected to bear the brunt of the correction, while other sectors and indices will likely experience a comparatively lesser impact.



AI Impact

Another factor to consider is the waning enthusiasm for AI among the masses. The initial hype surrounding AI's potential has not lived up to expectations, particularly from the perspective of those who do not possess the knowledge to utilise AI effectively. It is worth noting that if one cannot prompt AI, it can appear unintelligent/stupid.

Moreover, recent studies indicate a concerning trend of degradation in these models over time. This decline can be attributed to the influence of silly users, as well as the constraints imposed on their programming, which limits their ability to act autonomously and instead encourages them to prioritize user satisfaction and maintain a polite demeanour. Consequently, numerous companies that have invested billions in unproven technology will face significant repercussions. Phase 2 of the AI revolution is expected to render all Phase 1 AI obsolete.

[SOL]

This week's bullish readings experienced a decent pullback, decreasing from 55 to 47. Despite the pullback, they remain significantly above their historical average of 38.5. This indicates that the likelihood of readings surging to 55 or higher is above average and may coincide with the RUT (Russell 2000) trading towards the upper end of the suggested target range of 1980-2020.

Moreover, it suggests that the dollar is intentionally being held back to allow the markets more room to run. Currency players tend to shift from a weakening currency to equities when they perceive or are led to believe that equities offer greater upside potential.

The number of articles predicting the downfall of the dollar has significantly increased, and the big players are happy to contribute to shaping an environment that reinforces this perception. The dollar has rapidly approached the very oversold zone and is now within trading distance of reaching the extremely oversold range.

[MarkD]

I found this to be an interesting read with regard to the dollar decline.

https://korybko.substack.com/p/alt-medi ... -the-brics

[SOL]

I found this to be an interesting read with regard to the dollar decline.

https://korybko.substack.com/p/alt-medi ... -the-brics

As so many are jumping on the death to the dollar bandwagon, the dollar will likely mount a strong comeback.

[SOL]

The next update will be released within 24 hours, either as one large update or split into two parts. It will include all the updated portfolios. Unfortunately, one of our team members, who is mainly responsible for coding, had to leave suddenly, causing a delay in updating the portfolios due to CSS styling issues. However, most of these issues will be resolved by the time the update is sent out. Once everything is fixed, we'll provide the link and password necessary for subscribers to access the portfolios online.

Regarding the dollar, it's showing an intriguing pattern. Recently, it triggered a significant positive divergence signal on the weekly charts, suggesting that a bottom is near. Smart money is slowly moving into healthcare, certain commodities, energy stocks, and industrials, even if it means paying extra. However, their actions also indicate that they expect some blowback from the Hi-tech sector.

[AstuteShift]

The big tech and well known Ai hype stocks will likely take a big beating

Meanwhile smart money going in data centers and shovels/pickaxe type of companies such as hardware/data center/fiber optic companies

AI needs hardware, power, servers etc. we still in phase one so this type of action will be lucrative before going to phase 2 and 3

So nice pullbacks should be embraced

[outof thebox]

The big tech and well known Ai hype stocks will likely take a big beating

Meanwhile smart money going in data centers and shovels/pickaxe type of companies such as hardware/data center/fiber optic companies

AI needs hardware, power, servers etc. we still in phase one so this type of action will be lucrative before going to phase 2 and 3

So nice pullbacks should be embraced

APPL is breaking down, now lts see how META and TSLA hold up. I am shorting META and TSLA via puts. I thought I had more time on AAPL, turns out it broke down the fastest. So I missed that boat.

What do you think about the stock ACLS?

[MarkD]

MGNI dumped on earnings. In at 11 in AHT, bought a second lot at 8 this morning.

[AstuteShift]

The big tech and well known Ai hype stocks will likely take a big beating

Meanwhile smart money going in data centers and shovels/pickaxe type of companies such as hardware/data center/fiber optic companies

AI needs hardware, power, servers etc. we still in phase one so this type of action will be lucrative before going to phase 2 and 3

So nice pullbacks should be embraced

APPL is breaking down, now lts see how META and TSLA hold up. I am shorting META and TSLA via puts. I thought I had more time on AAPL, turns out it broke down the fastest. So I missed that boat.

What do you think about the stock ACLS?

ACLS went parabolic so I wouldn’t take a shot with it currently, definitely needs to pullback. There are cheaper names