Maximum Pain
Heading Into The Week We Were Expecting An Ugly Undercut
So Far So Good
I told you we were gonna see 6600, we tagged 6620 and turned.
And the market delivered maximum pain, shaking out longs and ripping squeezing shorts.
And we are now at pretty significant levels, whenever we are extended to the downside we will mean revert, what happens here is more significant.
Fintech Coming To Life
We have noticed in TSF - Analytics during the last weeks that fintech has finally started coming to life. Here is a nice visualization of how a theme transitions from deep lagging, to improving, to leading.
And fintech was one of the leading groups heading into this week, which means it’s outperforming and the pace of outperformance is accelerating — despite the market being weak.
A strong signal of leadership.
So we have had some setups in fintech these last couple off weeks, and CRCL is really one of the standout names in the market at the moment.
We had it as a setup recently, and it did not disappoint.
Incredible Strength
Looks like it wants to trend, if you caught it good job, give it room to play out.
Now Stocks
Today we will add some nice setups to this weeks focus list, stocks still need to build but some setups are emerging.
TSF has partnered with Deepvue, which means that all full access members of TSF now get their first month of Deepvue completely free.
Send me a DM on substack for instructions.