Ideas
Bullish patterns, cycles favor near-term rally.
Chris is long the U.S. equity market near term. The S&P 500/SPY has bullish patterns such as a bull flag, cup-and-handle, or rounding formation, cycles project a wave higher from an oversold cycle low, and sentiment shows many investors positioned for a decline, which could fuel a short squeeze. He sees the first upside leg around 3% and potential for roughly 11% from the cycle low before a major market top.
QQQ leads with stronger bullish setup.
Chris says QQQ/Nasdaq 100 has an even more bullish bias than the S&P 500, with a rounded formation and leadership. Cycle analysis points to about 6% as a tighter target and potentially 14.5%-16% upside for the Nasdaq if the move becomes a blowoff run.
MAGS breakdown would signal market unwind.
MAGS/Magnificent 7 currently has a strong bull-flag pattern, but Chris views a breakdown in this ETF as a major red flag. If the market leaders lose traction while the broad market goes sideways, it would signal unwinding, especially in semiconductors/Nvidia, and likely pull the market lower.
Own physical gold for new highs.
Chris is long and favors physical gold. Gold is making new highs, attracting safe-haven and FOMO demand, and has momentum/Fibonacci targets around $3,000 and then $3,050-$3,060. He expects a bigger pullback at some point after the squeeze but still views gold as a core holding in an uptrend and prefers it over gold miners because it sits outside the stock market.
Miners need pause after measured move.
Chris says gold miners have run into resistance and hit a 100% measured move/Fibonacci target. With increased volatility and selling pressure, he expects a pause or pullback; this leg is done, and he would wait for a bull-flag consolidation before considering another long.
Silver miners lag, avoid for now.
Silver miners are struggling and not participating much in the precious-metals rally, unlike gold miners. Chris does not favor them in the current setup.
Bitcoin chart still points higher.
Bitcoin has been lagging and struggling as speculative money rotated into gold, but Chris still likes the Bitcoin chart and thinks it wants to go higher. He suggests that once gold hits $3,000, capital could rotate from gold back into Bitcoin.
Dollar long-term bullish despite short-term pullback.
The U.S. dollar is in a short-term downtrend/ABC correction, but Chris remains long-term bullish. He sees higher lows/higher highs, a retest of a monthly breakout, and targets around 116, potentially 124 on the current leg, and says holding U.S. dollars is important.
Strong dollar to lift USDCAD.
Chris sees a strong U.S. dollar and weak Canadian dollar, with the USD/CAD pair potentially breaking out on the monthly chart and reaching about 1.74, a level not seen in decades. Tariffs and Trump-related uncertainty could pressure Canada further, creating a large opportunity in the cross.
Natural gas setup points lower.
Chris is short-term bearish natural gas. Despite bullish LNG/Europe narratives, the chart shows three volatile surges and sharp drops, broken pivot lows, lower highs/lower lows, and a rally into resistance. After the run from about $1.80 to $4.40, he expects it to run out of steam and start a leg down, though the monthly chart might build a longer-term launchpad later.
Hold cash amid market volatility.
In the current volatile, headline-driven environment, Chris says a good play is preserving capital and having cash on the sidelines. He still favors gold and long equities but wants a mix, implying cash should be part of the allocation.
This The David Lin Report video, published February 15, 2025,
features Chris Vermeulen
discussing SPY, QQQ, MAGS, GLD, GDX, SIL, BTC, DXY, USD/CAD, UNG, CASH.
11 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Chris Vermeulen
· Tickers:
SPY,
QQQ,
MAGS,
GLD,
GDX,
SIL,
BTC,
DXY,
USD/CAD,
UNG,
CASH
