Market Commentary (16 June 2026):
Equities kickstarted the week gapping and holding its gains for the session. The leading thematics continue to act in a constructive manner for the most part. Ideally, the next couple of sessions kickstarts constructive consolidation to set even more charts up going forward.
Looking at the dollar: doing nothing wrong as it bounced off the rising 20-EMA in the context of a constructive bottoming weekly formation.
Precious metals in relation saw a reflexive bounce to kickstart the week, with Gold looking to challenge the underside of the 20-EMA, whilst Silver reclaimed the 200-SMA and faces a similar date with the 20-EMA.
In crypto land, BTC and ETH both staged successful U&Rs vs the early Feb 2026 lows, though nothing worth doing here on the long side with the asset class is in a Stage 4 downtrend. Gap ups are hard to chase, staying disciplined in waiting for more constructive consolidation before stepping on the pedal.
Notes:
> In spite of Monday's gap up open, market breadth in fact declined, highlighting more tickers potentially fading at the open versus following through. Not a big issue as consolidation after expending energy higher is normal.
> Net new highs exploded across the board, corroborating the fact that we are operating in a healthy uptrend. Other technical indicators (MACD, Stoch, RSI) similarly reclaimed their mid-points, adding to the weight of evidence in potential trend continuation going forward.
> Progressive exposure at this juncture if not positions. FOMO chasing is a recipe for disaster. Maintain discipline in looking for tight spots so that asymmetry can work in your favor.
Emotional Analysis:
Nothing much to say for the session as there wasn't too much to do on a gap up open. Just sitting tight in what I have until another opportunity presents itself to increase exposure. Staying disciplined this week and being intentionally slow.
HAG1 ! 🚀