Trader Now In 100% Cash, Markets To 'Wreak Havoc' Next Week | Chris Vermeulen

Watch on YouTube ↗  |  August 09, 2025 at 01:11  |  32:37  |  The David Lin Report
Speakers
Chris Vermeulen — Chief Market Strategist, TheTechnicalTraders

Summary

Chris Vermeulen, Chief Market Strategist at The Technical Traders, says he moved to 100% cash this week after closing equity trades because market internals are weakening while the Magnificent Seven masks broad weakness. He warns of either a sharp 15-25% correction or a deeper stage-four financial-reset bear market, but says next week should clarify whether a new uptrend begins. He is most bullish on gold, cautious on equities, bearish oil and energy, conditionally watching Bitcoin, bullish the dollar, and negative on bonds with rising 10-year yields.

  • Chris Vermeulen moved to 100% cash after closing QQQ and SPY trades near highs.
  • He sees weakening internals and Magnificent Seven leadership, with risk of a 15-25% correction or stage-four bear market.
  • He is most bullish gold, expecting a breakout and Fibonacci targets around $3,725-$4,100.
  • Gold miners have already broken out and lead, but he prefers physical gold due to volatility and stock-market risk.
  • He likes ERY and expects oil to fall to $56-$57, pressuring energy stocks.
  • Bitcoin has a $136,000 target but needs a stock-market buy signal first.
  • He is turning bullish the dollar and bearish bonds, expecting the 10-year yield to rise.
  • He currently avoids individual stocks and would revisit uranium and robotics only in a new bull market.
Ideas
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 0:01
Most bullish gold; buy confirmed breakout
He is most bullish on gold and wants to buy once it confirms a breakout on regular-trading-hours charts. He cites Fibonacci extension targets of $3,725-$4,100, about 17-18% upside or potentially a 20-40% rally, favorable August seasonality, miners leading physical gold, and gold as a safe-haven barometer warning of systemic stress.
GLD HIGH
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 2:24
Cash, avoid equities until trend resolves
He moved to 100% cash this week and closed equity positions because market internals and technicals are breaking down while only the Magnificent Seven are holding the S&P 500 and Nasdaq near highs. He sees a critical turning point: either a reset into a new uptrend or a 15-25% correction and possibly a stage-four bear market or financial reset, so he is avoiding equities until the market proves direction.
QQQ SPY HIGH
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 5:34
Yields higher, steer clear of bonds
He dislikes bonds because they remain in a bear-market phase or stage-one basing pattern and could stay down or go lower. The 10-year yield has put in a massive bottom and has a launch pad for a new bull market, with a possible 8% rally that would wreak havoc on the economy, stocks, and real estate.
10-Year Treasury Yield MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 14:44
Miners lead but prefer physical gold
Gold miners have already broken out and historically lead physical gold by 3-7 days, so if gold breaks out miners should continue higher. But he is less enthusiastic because miners are more volatile and can still sell off if the broad stock market falls, making physical gold the preferred vehicle.
GDX MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 18:41
Like ERY if energy rolls over
He likes ERY, a 2x leveraged inverse energy ETF, as a discretionary trade if the energy sector rolls over and the stock market gives a sell signal. He expects falling energy stocks to produce a very good opportunity, with oil weakness reinforcing the trade, but has not entered yet and is waiting for market direction.
ERY MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 18:41
Like ERY if energy rolls over
He likes ERY, a 2x leveraged inverse energy ETF, as a discretionary trade if the energy sector rolls over and the stock market gives a sell signal. He expects falling energy stocks to produce a very good opportunity, with oil weakness reinforcing the trade, but has not entered yet and is waiting for market direction.
XLE MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 19:43
Bitcoin target 136k if stocks turn up
Bitcoin is a potential trade setup with a $136,000 upside target based on a clean bull-flag and Fibonacci extension, but he will not get involved until the Nasdaq or stock market gives a new buy signal because Bitcoin is highly correlated to stocks and too volatile for a large position.
BTC MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 23:13
Turning bullish on dollar after reversal
He is turning bullish on the U.S. dollar index because it has made an impulse move through two resistance levels, suggesting a trend reversal and eventual stair-step move higher after a reactionary low.
DXY MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 29:43
Oil heading down to $56-$57
Oil has bearish price action after failing below $66-$67 resistance, and its prior rally was news-driven and unreliable. He expects oil to fall back to $56-$57, which should drag energy stocks lower too.
WTI MED
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This The David Lin Report video, published August 09, 2025, features Chris Vermeulen discussing GLD, QQQ, SPY, 10-Year Treasury Yield, GDX, ERY, XLE, BTC, DXY, WTI. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Chris Vermeulen  · Tickers: GLD, QQQ, SPY, 10-Year Treasury Yield, GDX, ERY, XLE, BTC, DXY, WTI