Netflix’s new high!

Good morning traders  -  and welcome to Monday’s setup. 😤

Last week was all green lights - the S&P 500 locked in 9 straight gains, AI stocks kept surging, and oil cooled off just in time. But don’t get too comfy... this week is stacked. 

We’ve got Fed talk incoming, fresh inflation data, and traders bracing for another tariff twist from Trump.

Powell’s speech could shake up rate bets, and global markets are twitchy after OPEC’s surprise oil shift. 

Oh, and the “2025 recession” chatter? It’s getting louder. 

The vibes? Cautious, twitchy, and hungry for direction.

The crucial update? It’s all here - let’s unpack it.

🗽 S&P 500 Logs Longest Win Streak in 20 Years
S&P 500 just erased every Trump tariff loss,” and it’s now riding its longest winning streak in two decades. With trade war fears easing, markets are partying like it’s 2004. Could this be the breakout bulls were waiting for?

🎧 Spotify Forecast Miss Sends Shares Down
Spotify’s Q2 profit forecast fell flat, sending shares tumbling nearly 10%. Even with more users and higher prices, Wall Street wanted more. Can Spotify stay in the rhythm—or is the music slowing?

🎬 Netflix Hits Record High on Winning Streak
Netflix is on its longest winning streak ever—and just hit a record high. Investors are binge-buying as optimism surges around streaming demand. Investors are optimistic!

🪙 Bitcoin Rallies as Trump Demands Rate Cut
Bitcoin hit a 10-week high right after Trump called for a rate cut. Add in strong jobs data, and crypto traders are back on offense.

🛢️ U.S. Oil Giants Report Lower Profits
Exxon and Chevron just posted weaker-than-expected profits - even as energy prices remain volatile. Big Oil’s earnings slump raises fresh questions about sector momentum.

🌏 Asian Stocks Rise as Trade Tensions Ease
Asian markets climbed overnight as Sino-U.S. trade tensions cooled. With risk appetite back, investors are eyeing a global rebound.

🏹 Gold Rises on Bargain Hunting Before Jobs Data
Gold prices climbed ahead of key U.S. jobs data as traders hunted bargains. With rate expectations still in play, safe-haven demand is sneaking back. Could this be gold’s stealthy rebound?

Update: Adobe Inc. (NASDAQ: ADBE) – TP2 Hit

We entered Adobe at $349.90, took TP1 at $360.48 a few days back, and now it has officially hit TP2 at $376.81.

This setup was all about timing - catching the RSI trendline breakout before momentum kicked in.

Both targets achieved. Another trade executed with precision. 🎯

No New Stock Alerts Today

We’re sitting out today - not because we’re unsure, but because the market is noisy for all the wrong reasons.

Earnings season is in full swing, and with so many companies dropping reports, the charts are filled with noise, not clarity.

So we wait.

Smart Traders Don’t Bet - They Plan and Execute

If you’ve been avoiding trading because it feels like rolling the dice, you’re not alone - and you’re not entirely wrong either… if you’re just winging it. 

But the truth is, trading isn’t gambling when you approach it with strategy, risk management, and consistent education. 

That’s exactly what the right newsletters deliver: breakdowns of market trends, proven strategies from seasoned pros, and mindset shifts that separate the gamblers from the planners.

If you’re tired of treating trading like a guessing game, these newsletters will teach you how to think, plan, and trade like a pro

Triple Top

A Triple Top is a bearish reversal chart pattern that signals a potential shift from an uptrend to a downtrend. It's characterized by three roughly equal high points, separated by two troughs, resembling the letter "M".

What to Look For:

• Three Roughly Equal Highs: The pattern displays three distinct peaks reaching approximately the same price level.
  
  
• Two Intervening Troughs: There are two noticeable low points (troughs) between the three highs.
  
  
• Confirmation with Neckline Break: The pattern is confirmed when the price breaks below the level of the two intervening troughs (the "neckline").
  
  
• Increased Volume on Breakdown: Ideally, the breakdown below the neckline should be accompanied by a noticeable increase in trading volume to validate the bearish signal.
  
  
• Previous Uptrend: The Triple Top pattern is significant when it forms after a sustained uptrend.
  
  
• Measured Move: The potential price target after the breakdown can be estimated by measuring the vertical distance from the highest peak to the neckline and projecting that distance downwards from the neckline.

Discipline Over Drama: What William Eckhardt Taught Us

Most traders don’t blow up because their system sucks — they blow up because they do.

William Eckhardt knew that. Quiet. Calculated. Intensely analytical.

He didn’t come from Wall Street — he came from math. 

A philosophy and mathematics grad from the University of Chicago, he started out deeply immersed in logic and probability before ever touching a market. 

That academic brain? 

He brought it straight into trading — and it changed everything.

While other traders were busy “feeling the market,” Eckhardt was in the lab. Literally.

He ran experiments. Built simulations. Stress-tested every variable. Why? Because he knew our biggest enemy isn’t the market — it’s us.

“Most people are too willing to believe things without proof,” he said. “In trading, that’s a shortcut to disaster.”

That mindset led him to co-create the now-legendary Turtle Traders experiment with his friend Richard Dennis.

The idea?

Take everyday people off the street and teach them a rules-based trading system. No gut instinct. No fancy background.

Just discipline.

And guess what? It worked.

The lesson: your edge isn’t emotional hype — it’s repeatable behavior. Eckhardt understood that success in trading isn’t about being psychic — it’s about being precise.

• You don’t need to feel the vibe. You need a system.
• You don’t need to be “right.” You need to manage risk.
• You don’t need to predict. You need to follow through.

Next time you want to override your strategy because of “a feeling,” ask yourself: What would Eckhardt do?

He wouldn’t flinch.He’d stick to the plan.

And he’d let the probabilities play out — because math doesn’t lie.

Discipline beats drama. Every. Single. Time.