Chris Kimble
16.6K posts

Chris Kimble
@KimbleCharting
I use the power of the chart pattern to find extremes in price to identify reversal and breakouts https://t.co/PhH0LBMcgR


The Iran war, oil shock, inflation, AI fears, Citrini doomsday, Venezuela, midterm elections, Strait of Hormuz closure, Mag 7 sell-off hitting all at once. And yet the S&P 500 is ~4% from all-time highs. Peak bearishness has barely moved the bull market.







$XLF SPX Financial sector ETF on pace for lowest close since May, down over -12% from its Jan high.

Marc Andressen on his "barbell strategy" for reading habits. - real-time news on X or books older than 50 years. - He ignores newspapers and magazines. - He finds practitioner-led newsletters to be a superior, underrated resource.




As I noted in this thread, no oil infrastructure was damaged. This was all about waiting for a resolution to gets the ships moving again. Looks like that happened and the market is pricing in the end of the war. Headlines * TRUMP SAYS “I THINK THE (IRAN) WAR IS VERY COMPLETE, PRETTY MUCH" - CBS REPORTER ON X, CITING AN INTERVIEW * TRUMP CONSIDERS TAKING CONTROL OF THE STRAIT OF HORMUZ — CBS. *OIL FALLS BELOW $90 A BARREL AFTER TRUMP IRAN REMARKS *S&P 500 EXTENDS GAIN TO 1%, NASDAQ 100 RISES 1.5%


$USO Is this exciting for you guys?













