An Explosion in Buying

Record amounts of TQQQ buying ahead of Trump's tariff annoucement.

Good afternoon:

I haven’t seen any big shifts yet in insider buying, but I have seen something I hadn’t seen before.

There were record levels of buying on the TQQQ (the triple-leveraged ETF linked to the Nasdaq 100).

As of right now, 278 million shares have exchanged hands, which is just insane.

It’s up 31% right now.

The short-covering is on right now.

And the Nasdaq jumped 10% in less than 10 minutes.

Why? President Trump has paused some tariffs.

At 1:18 pm, he wrote: “I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

Who’d have thought I needed to get a Truth Social account to follow the center of the world in the global market right now?

The FNGA is still 8% under its 20-day moving average… and it’s going to take some time for me to assess the capital flows. But they’ve been massive.

The situation may lead to a positive signal quickly, followed by a move toward overbought at some point. The FNGD is al…