Joe Bland

Space equities are behaving very differently right now. While the Nasdaq showed signs of distribution in Q1, space equities continued to accumulate. Rotation is happening — but it’s being camouflaged through selectivity. Full breakdown: trendchanges.substack.com/p/cycle-snapsh… UFO vs Nasdaq

Crypto is holding structure despite the noise. This monthly close could matter more than people think.

The 60/40 portfolio worked because yields were in a secular downtrend. What happens when that trend is no longer dominant? New note exploring whether large/mega caps may deserve reconsideration. open.substack.com/pub/trendchang…

Bullion queues. Delivery delays. Broken platforms. When behavior starts to matter more than price, it’s usually worth paying attention. New piece on the darker side of precious-metals manias open.substack.com/pub/trendchang…

Large cap tech lower whilst small cap, high beta move higher signals the early stage of rotation.

Most traders aren’t beaten by being wrong. They’re beaten by time. I wrote this piece on drawdowns, psychology, and surviving long liquidity cycles. open.substack.com/pub/trendchang…

Nasdaq approaching 62% retrace of the bounce since November lows. If support holds, sentiment towords small cap, high beta, and crypto should start to improve.

Despite the noise, a lot of structures across macro and tech are quietly improving beneath the surface. open.substack.com/pub/trendchang…

@shabamlo As sentiment flips back to bullish and cyclical liquidity flows continue to improve, high-volatility tech plays like these tend to experience outsized moves. They often align perfectly with the transition into the height of Macro Summer.

@trendchanges Love your work, Joe! What’s your thoughts on AI infra names like $CIFR $IREN $CLSK?

My favourite sector of this cycle — Quantum — has been green for two days straight. Small-cap, high-beta tech is starting to come back to life after the volatility shakeout. Structure improving beneath the surface.

@TgMacro Could it be that with sources of information to drawn from such as TgMacro, Real Vision, and the many other great provides now available that the lines between Retail and Professional are beginning to blur? They are now more sentiment and cycle savvy and technically precise.

Retail bought the Tariff Tantrum dip down to S&P 5K in April and then inhaled equities up to S&P7K in the face of a 36% Bitcoin correction in November. Take AMERICAN RETAIL off the list of sucker traders please. They’re a market force of nature.

Market fear has subsided with the VIX closing the week under 17. A lot of assets putting in weekly bullish reversals — structure improving beneath the surface.

Just published a new piece on Substack exploring the transition from digital to physical computing — analogue, optical, neuromorphic, and quantum — and why this shift may explain China’s rise after 2032 despite collapsing demographics. open.substack.com/pub/trendchang…

@ohhanxiety Correction 42

Only for genius 😆

@ohhanxiety 32

@BittelJulien TWI = Commodity Capex spending=Improving ISM=Cyclical Recovery=High Beta/Alts comeback=Banana zone.

Everyone is suddenly back to debating who to unfollow because this whole space has turned on itself yet again, so here is my take… I usually stop following accounts that pump out views when everything is going up and then disappear the moment things turn down, right when the community needs them most. Most step back because they do not want to be ridiculed. I get it. None of us do. But if you are in this game, it comes with the territory. You have to learn to take the hits...   I have been doing this a long time. I have been more right than wrong over the years, but I have had my fair share of bad takes too. That is the nature of markets. They humble everyone. If you do not like these insights, unfollow. Simple. What counts is having the courage to stand up, be brave, and be bold when others are fearful. That is how you actually show up for the community when it matters most.   Right now, almost nobody wants to take a view. Everyone has their head buried in the sand and a bullish argument is the last thing anyone wants to hear. When the market is falling like this it becomes almost impossible to separate signal from noise because every narrative is competing for emotional bandwidth. That is exactly why I am posting this. It is not a call and it is not an opinion. It is fact. Objective, not subjective, is what we need right now. This market is oversold, but bottoms take time to form (chart 1). When you look back at past oversold conditions, the path of least resistance has on average been higher following the last five times Bitcoin’s RSI dropped below 30 since this bull market began in Q4 2022 (chart 2). Important note: If you believe the bull market is finished and we are entering twelve months of pain, these charts are not for you. Move along...

A bombed out miner with a large short interest to play the coming BTC recovery. CLSK

@AndreasSteno Its always darkest before the dawn.

So why are we selling off again? Outside of technicals loooking tremendous for shorts

Despite the volatility, the Nasdaq is still holding above the October low. This looks more like a successful retest than a breakdown.

@KobeissiLetter Agreed. Before a true crash, indices usually bleed lower over weeks, not a fast 4–5% drop. Sentiment stays elevated during real tops — fear at 9 this early is classic early-cycle behavior. Bear markets pull people in; sharp corrections shake them out.

BREAKING: The Fear & Greed Index falls to 9, the lowest level since April 11th. "Extreme Fear" and sentiment last seen at the April 2025 bottom. Yet, the S&P 500 is down -4% from its record high and up +37% since the April low. This is simply NOT what you see before a market crash.