Right Tail On Cue: Toga Party Day 2
Good News, Bad News: Lithium Update
More Just-Bad News: Iran
Metals Market Is Nervous: Comex Delivery
NOW For The Good News: : Toga Party
Good News, Bad News: Lithium Update
Bad news:
Zimbabwe suspended exports of raw materials and lithium concentrates.
Good news:
ALB trend reversal long recommendation at $85 with $170 target has digested 177.52 past few weeks and now spking higher into next monthly target of 203.62 on this news. Above is bullish, still.
LIT trend reversal long recommended at $38 with $76 target has hit today - all the while staying firmly in trend above its 10W EMA. We are talking NINE green monthly closes since June 2025 bottom.
Congrats client Ginza over at LaDucTrading.com for holding all the way through!
More Just-Bad News: Iran Escalation
Bad (could be really bad) news as I keep reminding: IRAN RISK IS NOT PRICED IN
All US Navy vessels at the headquarters of the Fifth Fleet in Bahrain have moved out to open sea
A fleet in motion stays in motion?
Saudi Arabia boosting oil output as contingency planning for US attack on Iran!
Also troubling: Trump showed no signs in his speech on Iran about softening his tone. That’s a set up for escalation while gaslighting Americans that he is doing the world a favor. It’s a very dangerous and unpopular play outside Israel First supporters.
Metals Market Is Nervous: COMEX Delivery
That leads me to this other really Bad News: Metals Market Closed?!
The last time the CME Globex Metals markets experienced a ‘glitch’ and halted was right before the last parabola in silver. In the meantime, Comex has also locked traders out of their ability to manage positions. No beuno!!
Is this the worry that silver bugs have been promoting around their inability to meet delivery requirements? Here’s today’s chart of open interest to prices…
Maybe metals and oil market are nervous because they know Iran will not be able to agree to the contstantly changing demands out of Israel/US, like this one today:
NOW For The Good News: Toga Party
Right Tail Right Now WORKED! We are in Day 2 of this toga party in oversold tech bounce chases.
I set up why AI-pressured names like TRI (Thompson Reuters) could stage sharp reflexive rallies. And boy did it: +25%!
We covered lots of chase plays as well as my timing for next wave of volatility within a still fragile market backdrop of Iran risk not priced in.
But for now - and as warned MONDAY - my RIGHT TAIL set up was right on schedule with continuation today.
The NFLX chase into 82.78 from 77.30 was gorgeous (and not done).
IGV & MSFT too!
Even CAVA post earnings +26% reached my target perfectly at 86.14!
My QQQ target of 618.42 (620 overshoot this week) is in sight - especially now that NVDA earnings have beaten, as expected!
I also set up chases in APP, INTU, WDAY, TEAM, ORCL, MSTR and other this morning!
Here is why I warned our Value/Boomer/HALO stocks would digest while grossly oversold Growth/Tech/SAAS names would bounce - FOR A TRADE - as highlighted in this MEMBER-ONLY video segment from my live trading room premarket Tuesday!
I even know exactly where I expect my MAG7 ratio to target BEFORE this bounce is done ;-)
