Animal Spirits Are Live and Well

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I’ve been flipping through charts all day — and man, things look great out there.

It’s wild how fast sentiment can shift these days. Just a couple days ago, people were panicking over geopolitical headlines. But honestly, that was just noise.

There’s always something out there to shake people out of good positions. 

But as technicians, our job is to tune out the noise, and just follow price.

Friday was just any old down day — nothing more. Today, markets came right back and ripped higher.

As I was going through some setups this morning, Steve messaged me: “It almost looks too good out here — everything is working,” he said.

And, he’s right. This market is literally firing on all cylinders. You can blink at a bullish chart, and it’s gone.

For me, one of the charts that tells the story best has to be the ARK Fintech Innovation ETF $ARKF:

It just broke out to fresh highs after spending most of the year consolidating just below the 61.8% retracement from the 2021–2022 decline. 

That level had been acting like a brick wall of resistance — until now.

And just look at the top holdings — $SHOP, $HOOD, $COIN, $CRCL, $RBLX. It’s no surprise this thing’s leading the charge.

These are high-beta, speculative growth names, and they’ve been on fire.

This kind of action is classic risk-on behavior. It’s a ‘make money mode' environment.

As for ARKF, the line in the sand is at 45. As long as we’re above that, I’m bullish and pressing the gas in the direction of the underlying trend.

Strazza has been crushing it lately with his Breakout Multiplier strategy, hitting a 10-bagger on his $ASTS calls from two weeks ago.

He bought the 6/27 $30 calls for $1.00 and they are now up 1,000%, making for one of his biggest trades of the year.

Want in on trades like this?

Join Breakout Multiplier risk-free today.

Cheers,

Alfonso