“The Magnificent Seven have been dragging the stock market higher, but underneath the hood a lot of stocks are struggling,” says Chris Vermeulen, founder and CIO of TheTechnicalTraders.com. “They’re putting in major tops or hitting resistance levels. I do think we could see a huge collapse at any point. We just need some tipping point, some piece of data that could turn the tide.” Looking at patterns from past years, Vermeulen warns: “If the market does roll over here, we can see a very simple repeat where the market drops back to the April lows. That’s a good 20 plus percent haircut in price.” Meanwhile, he sees a rare opportunity in gold: “Gold is screaming—it’s like something is about to break. Charts point to a 20-plus percent move.”
Chapters: 00:00 Stock market haircut looming 02:35 Market can drop to April low 04:45 Has Fed’s decisions baked in? 06:24 Gold rally ahead 09:58 Why getting physical gold now? 12:11 Bitcoin’s trajectory 13:35 Silver’s performance 16:41 Gold sends a warning sign 17:30 Gold miners performance
