To The Moon

The market moved back into a risk-on posture as rate expectations softened. Large technology, software and financials led the advance, while the S&P moved back to within striking distance of its high.

I am participating, but I am not treating that as permission to chase everything. The calendar still matters. The second half of September has often been less forgiving, so I prefer setups close to clear support that should begin working within a few sessions.

Three charts stand out to me for the next session:

- Barrick Gold is pulling into a cluster of technical support after a strong trend. The structure gives me a defined area where the bullish thesis should either work or fail.

- Charles Schwab is holding near its highs with support beneath it and improving momentum. I like the cleaner timing of a bounce setup here.

- Shopify has returned to an area that has repeatedly acted as support or resistance. The entry is close to the mean, which keeps the risk more contained if the bounce fails.

The common thread is not simply that all three are bullish. Each offers a relatively tight decision point. I would rather know quickly that I am wrong than sit through a slow, directionless trade as the seasonal backdrop becomes more difficult.

That is also how I am thinking about existing positions. Winners need deliberate profit-taking levels, intact setups can continue to work, and an invalidated setup should be removed instead of being defended. A trade can always be revisited if a fresh signal appears later.

My takeaway is simple: stay involved while the market supports risk, but keep the clock short, avoid extended entries, and make every exit deliberate.

*Draft only — not published. Options involve substantial risk and may not be suitable for every investor.*