In this week's Monday Market Moves, I broke down the massive 2.3% rally in the S&P 500 and why I believe the market could still push toward the 7,650 level despite extremely overbought conditions.

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Recording Date 5-8-2026. I explained how Fibonacci extensions from the tariff panic selloff accurately projected the recent breakout and why the current bull flag structure still points higher. I also covered the weakening U.S. dollar, critical resistance levels in gold near 4,950, and why silver continues to outperform gold as the gold-to-silver ratio compresses sharply. Copper surprised me with a major breakout above $6.15, and I believe the setup in copper miners could signal another powerful move higher across the commodity complex.

I also walked through why uranium equities remain weak short term even though long-term uranium fundamentals continue to improve with term prices holding near $91.50. Oil and energy stocks still appear vulnerable with bearish flag formations developing across crude, Brent, and XLE, although I remain constructive longer term on quality oil producers. Platinum continues to look technically stronger than palladium, while nickel may be resetting after a major breakout. Finally, I explained why Bitcoin remains technically dangerous despite a short-term bounce, including a bearish head and shoulders pattern that could target as low as $25,000 if support fails.

Key Insights in this episode

✅ S&P 500 gained 2.3% and hit the 7,400 target with 7,650 next

✅ Gold rose 1.9% but still faces heavy resistance near 4,950

✅ Silver surged 5.8% and continued outperforming gold

✅ Copper jumped 5.2% after breaking above the key $6.15 level

✅ Oil and Brent crude remain bearish with downside pressure building

✅ Bitcoin gained 2% but still risks a drop toward $25,000

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Chapters

00:00 S&P 500 Breakout And Market Outlook 02:37 U.S. Dollar Double Bottom Analysis 03:24 Gold Resistance And Bull Flag Setup 07:39 Silver Rally And Gold Silver Ratio 11:10 Copper Breakout And Copper Miners 14:34 Uranium Weakness And Term Price Outlook 16:36 Oil Bear Flag And Energy Stocks 19:40 Platinum Strength And Palladium Weakness 21:12 Nickel Breakdown And Future Setup 21:56 Bitcoin Bearish Head And Shoulders 22:54 Final Thoughts And Portfolio Updates

DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience, and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.

WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.

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