Embrace the Chop

Embrace the Chop… Because the Trend Is Up
By Gianni Di Poce

Stocks are hanging around in slightly positive territory today, but I'm seeing a lot of choppy price action in individual names.

This tells me something interesting - that there are corrections taking place… but through time instead of price.

This might sound strange, but if you’ve been with me for a while, you’ll know corrections unfold both ways. That these corrections are happening in time is actually even more bullish than when prices correct back lower after a nice run higher.

And that’s reflected in the big picture, too. Technology and chips are still running the tape - very bullish. Crypto is back on the upswing, signifying a risk-on appetite, and Ethereum specifically looks ready for a rip-your-face-off rally.

With all that said, I'm a bit concerned that the move in precious metals has become extended here at these levels.

We’ll get into all that and more in tonight’s video…

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