Connor Bates

What My X Account Provides 1. Stock setups I’m watching and trading. 2. Frequent posts highlighting leading sectors and standout stocks within those groups. 3. Curated research on sentiment, positioning, upgrades, downgrades, notable news, and more. 4. Reminders of my favorite trading quotes from market legends. 5. Educational content I’ve found helpful throughout my trading journey. And plenty of other insights I enjoy sharing. I treat my X account as a public trading journal posting what I find useful or interesting, much of which my followers have found valuable as well. I truly enjoy being part of this community and appreciate the many great people I’ve connected with along the way🥂

@GnT_Trades Great post!

$NYSI $NASI Pretty oversold

MAG 7 Price Relative to S&P 500

Momentum Exposure 'Exposure to Momentum on the GS Prime Book is at 5-year highs.'

'5 Sigma Event' LOs net sold a massive -$9.6bn and ran a 50% sell skew Goldman - "the largest day of net selling in our data set's history, going back to 2022 and a 5 sigma event."

Market Recap Video!

TRUMP: NOT PUTTING TROOPS ANYWHERE

Region 3: #4 @jfsrev vs #2 @ConnorJBates_

📺 One Level Away From A Market Breakdown And A Bigger Selloff In today's market update, @TedHZhang notes that the market is at a tipping point. If key support levels fail—especially the 200-day moving average—this could quickly escalate into a much deeper correction. All major indexes are showing classic downtrend behavior: lower highs → lower lows → repeat + persistent failure at key resistance levels (21/50/100-day MAs). It is no longer a chop — this is a structured weakness. At the same time, leadership is narrowing and fading, which is typical before broader market weakness. * On Wednesday: – $SPX in a confirmed downtrend, sitting at the 200-day MA (last line of defense). If breakdown happens → $540 target (pre-tariff high). – $QQQ had multiple failed reclaim attempts (21/50/100-day, repeating lower highs + lower lows, also testing key support. – $DIA already closed below the 200-day MA This is a major warning signal. – $RSP broke the 100-day MA, suggesting broad market weakness, not just mega caps. – $MDY bear flag setup forming, likely continuation lower if breakdown confirms. – $IWM in a short consolidation, likely next move will be a test of 200-day MA. – Dollar $DXY is breaking higher above 100, starting to act like a safe haven/store of value – this is risk-off pressure on equities. – Gold $GLD b is breaking higher above 100, starting to act like a safe haven/store of value. – Silver $SLV is also breaking down, heading toward 100-day. – #Bitcoin $IBIT had a weak bounce → likely bearish wedge setup, could reject at 50-day and continue lower. * Sentiment: $VIX held above 20, pushing toward 25. This is a danger zone for volatility spikes. At the same time, CNN Fear & Greed is at 19 (Extreme Fear) and AAII Bearish Sentiment is ~46%. Important to note that extreme fear = bearish momentum is still dominant, not necessarily a bottom until price confirms. * Macro: Fed held rates at 3.50%–3.75% with only 1 cut expected in 2026 and 2027. It means there is no immediate liquidity relief, so the market can no longer rely on Fed support, adding downside risk. * We also have an earnings reality check with $MU earnings. Despite massive beat + strong forward guidance, the stock is down big after earnings. Good news is no longer enough; these high expectations are already priced in. That’s classic late-cycle/correction behavior. * Portfolio Changes: – In Grotection, we trimmed longs in $FSLY and reduced hedges $SPXU tactically. – In Turbotection, we shorted quantum names $IONQ $RGTI $QBTS, using inverse ETFs. * So, all eyes are now on the 200-day MA on $SPX. If it breaks that level, this becomes a true correction phase, not just a pullback. The market now is one breakdown away from a much sharper move lower. Make sure you are prepared. * If you enjoyed this update, please ❤️like and 🔁retweet

Big jump in the bears

Is copper starting to price in a recession?

Current Market Environment... Pretty Bullish? > $SPX $QQQ $DIA $ARKK all breaking below the 200-DMA + $RSP $MDY within touching distance > Credit spreads blowing out > $VIX firm above $25 > $NVDA below the 200-DMA > $MU selling off on an insane earnings beat > Crude Oil consolidating at the highs > Gold, Silver, Copper — all breaking down > Hot PPI print > Rate cuts getting priced out fast > Stagflation...?

TRADERS NO LONGER PRICE IN FED INTEREST RATE CUT DURING 2026

@PurpleDrink_LLC 🤣😅

This is a really really bullish signal if you’re MENTALLY ILL

So Strong ~ $FSLY $DOCN $AKAM $NET

Credit spreads are breaking out

📺 Edge Network Stocks: Our Investment Thesis For The Next Wave Of AI $FSLY $NET $AKAM In this Short video, @toddmichael70 highlights a major shift in the AI landscape: AI is moving beyond large language models (training phase) into inference + agentic AI (real-time decision-making). This shift changes where computing needs to happen — not just in centralized data centers, but closer to the user — at the “edge”. These companies originated as Content Delivery Networks (CDNs). Their role is to sit between data centers and users, and deliver data faster and with lower latency. Now they’re evolving into critical infrastructure for AI inference and agents. Agentic AI requires real-time responses, low latency, and local processing near users. That makes edge networks essential for AI’s next phase. * Why This Space Is “Exploding”: AI demand is shifting from training models to using models live. That requires faster interaction speeds, distributed compute, and security at the edge. This is a “natural progression of AI”. And institutions are clearly rotating into this theme. * The 3 Key Players: 1. $FSLY (Fastly) — Turnaround + Leadership Emerging leader in edge + security. Shows strong institutional accumulation. It has not broken the 8-day moving average in a volatile market and still shows exceptional relative strength. 2. $NET (Cloudflare) — Scaled Leader in Security The largest and most established in this group, with a strong focus on security + edge infrastructure. It reclaimed the 200-day moving average, now shows multi-day strength, improving trend structure, and has the potential to stay above the 8-day moving average. 3. $AKAM (Akamai) — Legacy Player Re-Rating The original CDN leader (since the 1990s) is now being re-evaluated in the AI context. Shows a strong relative strength line (RS), pulled back to 50-day MA post-earnings, and quickly regained momentum. * So, this sector represents "the next layer of AI infrastructure”. The shift to agentic AI + inference is the catalyst. $FSLY, $NET, and $AKAM are emerging as primary beneficiaries of this transition. And the market reacts accordingly: – Strong relative strength in weak market conditions; – Consistent support at short-term moving averages (8-day); – Institutions are entering early and building positions gradually. * Learn which Edge Network names we currently hold in our portfolios ➡️ revereasset.com/contact/ * If you enjoyed this update, please ❤️like and 🔁retweet

📺 Fragile Market Faces FOMC & $MU Earnings: What To Expect In today's market update, @dvandenbord notes that the market remains in a mild correction, with all major indexes still holding above the key support level of the 200-day moving average. We’ve now had multiple tests of the 200-day, successful holds each time, and a 2-day bounce following Friday’s test. That’s constructive—but not bullish yet. The real problem now is that the overhead resistance is everywhere. Even with the bounce, the market is technically weak in the short- and medium-term. The 21-day has now crossed below the 50-day. This signals momentum deterioration. Every rally is currently running into resistance—not expanding. * On Wednesday: – $SPX bounced off the 200-day, failed at the declining 8-day, still below the 21-day (downtrend) and 50-day (key resistance), with risk increases below the 50-day zone. – $QQQ slightly stronger, managed to close just above the 8-day but rejected at the 21-day, and still in a downtrend structure. – $DIA weakest of the group, still holding the 200-day, but failed at the 8-day bounce attempt. – $MDY had a strong bounce but again rejected at the 8-day and is still below trend resistance. – $IWM same pattern as $MDY. – $VIX has dropped for 3 consecutive days, broken below the 21-day. Needs to get below 20 to confirm risk-on behavior. – $DXY Dollar broke out of a range and is now pulling back. Could ease financial conditions if weakness continues. – Gold $GLD held 50-day, but lost the 21-day. Momentum rolling over. – Silver $SLV was weaker than gold, already below the 50-day. – #Bitcoin ETF $IBIT was previously strong (relative strength leader). Now cleared 21-day briefly but rejected at declining 50-day. * Leaders (especially in AI / semis / memory) are holding up better than indexes, showing relative strength. But, they are still marked as “protect mode”, not full risk-on leadership yet. $MU earnings after the close today are critical for memory stocks $SNDK $WDC $STX, semiconductor leadership, and broader AI trade. We'll be watching it closely. * Another catalyst today is the FOMC meeting. The market expects 99% chance of no rate change and 97% chance of a rate change at the next meeting. As no cuts are expected in the near term, the focus is NOT on the decision but rather on the tone (hawkish vs. dovish, especially amid the Middle East conflict). * Portfolio Changes: – In Grotection, we opened a started position in $NBIS, taking advantage of a significant pullback on the news of the secondary offering. We also added to $NET as it bounced perfectly at the 8-Day. In Turbotection, we bought $BE and $SEI, and got stopped out on $INTC. * If you enjoyed this update, please ❤️like and 🔁retweet

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$SPX Continued lower highs below declining 21/50/100/150-DMA.