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There are several sectors…

that I’m observing: some from a bearish view and others from a bullish perspective. Among the bearish sectors, I’m closely watching the tech sector with NVDA, which – in my opinion and according to Riesner’s latest report – is at an extreme level that calls for a reversal. DeMark also signals a reversal here, and I’m convinced that it’s neither the time nor the place to remain invested (as a contrarian, I don’t want to be here). Other sectors are catching my attention: Oil stocks are at a 10/13 in the BUY sequential, indicating they are ready to establish a definitive bottom, which will allow me to increase exposure to this sector. For gold stocks, I’m following GDX (and Anglogold as a proxy) because we have reached a level where a bullish reversal seems imminent.

XLE Energy now on day 10 of 13. I will be adding energy long exposure with the 13

NVDA’s market cap alone is about to surpass the entire market cap of the BKX ($1.09T), which includes JPM, BAC, WFC etc.

NVDA weekly has another Combo 13 with a more strict version. I believe this is a very significant signal that will develop in the coming weeks.



I had mentioned that the breakout of $1955 could be a trap, and today – after reaching the level of $1930 – Gold is recovering to the $1965 level, confirming my view of a trap coinciding with a rise in yields (which are also reversing downwards). The only missing piece is the USD, which – as Riesner says – is only experiencing a bounce before a new decline. That’s why I would like to take advantage of this moment to further load up on gold stocks before a new upward wave begins. In the accompanying chart of GDX, you can also see the discretionary indicator that is crossing above its exponential moving average in the oversold area, which, for me, signifies a reversal signal that will be confirmed by a double bottom with positive divergence (an ideal condition)





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