The iShares 20+ Year Treasury Bond ETF (TLT) has dropped to the bottom of its recent range in the $85 region -- and for the third time since early this year, is trying to hold. Besides price still being bearish, most technical indicators also remain negative. This includes daily momentum, which has been in bearish territory since September 2024; intermediate- to long-term moving averages, which are all heading lower and remain above price; and the Vortex indicator, which has been mostly bearish since September of last year. If yesterday's bounce continues, we will have a decent looking bullish momentum divergence on the daily chart. There is a lot of technical resistance overhead, so it's possible that any strength in the near-term will be sold. The SPDR Gold Shares (GLD) completed what we believe is a five-wave, parabolic, blow-off top, and could see some decent downside in the months to come. The advance from April 9 through April 21 was quite steep, reminiscent of wave five in an asymptotic move. The market then saw an ugly bearish cloud-cover reversal on massive volume, also common after a parabolic move. It certainly looks like GLD benefited from a weak U.S. Dollar Index, starting in January. It appears the greenback has traced out a five-wave decline and has traced out a false breakdown, which are usually bullish. In addition, the Commitment of Traders (COT) data for the dollar is bullish, which has been very reliable in recent years. So it's difficult to say how far GLD might drop, but we would look for a decline at least to the $257-$275 region, where there is a cluster of chart support.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

Continuing our analysis of bitcoin from Wednesday, the crypto currency looks to have completed a five-wave decline (with the lows in early April) and has broken its bear-market trendline off the peaks since earlier this year. In addition, price has jumped above initial chart resistance at $89,000, with the next piece of resistance as well as the important 61.8% retracement of the bear market at $96,000. If that resistance is taken out, we could see a move back to (at least) the all-time highs just above $109,000. For any asset in a powerful long-term bull market, it is critical that the longer timeframes also look bullish -- and that is certainly the case here. On the weekly chart, bitcoin traced out a bullish flag back to its 50-week moving average from January until April. The break out of the flag during the past two weeks has been strong and has confirmed the completion of the flag, which is a continuation pattern. Bullish flags are very common during a powerful uptrend and give an asset time to rest, regroup, and unravel both extreme overbought momentum conditions as well as frothy sentiment readings. On the monthly chart, bitcoin traced out a bullish cup-with-handle pattern from November 2021, breaking out and completing the formation in November 2024. The breakout occurred on above-average volume, a bullish sign. The crypto currency peaked during the month of January, pulled back to the breakout level earlier this month, and bounced nicely. Generally, a breakout followed by a successful retest are quite bullish -- and also very common during bull markets. (Mark Arbeter, CMT)

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike’s primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.