Market Commentary for Monday, September 29, 2025, by Peter Cook
We are gapping up and all the silly stuff is running again.
#Gold, gold miners, #FFTY and #NVDA is running. #INTC is weak though. I have puts on $INTC expecting it to completely fall apart soon.
We gapped Bitcoin futures up on Sunday - the last 14 times that has happened we are lower than today's close 11 out of 14 times. It is bearish.
We get the JPM Collar roll after tomorrow - that will reduce the tendency of this market to be so resilient.
VXN is up 3% this morning, most of the Vix complex continues to rise - extending correlations with the indexes further and further out (Vix up Indexes Up). This is a very, very bearish thing to see.
#QQQ is up almost 1% as I type this and yet only 49% of the #SPX is advancing. Not good.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
Sign-up link: https://www.hamzeianalytics.com/HAPDTS_NQ_details.asp
This email went out to Members at 1014 ET on Sept 29th.
