Market Trends - The recent launch of the meme ETF has coincided with a peak in the meme index, similar to its previous launch in November 2021 [2] - Parabolic moves in asset classes tend to revert, and there are signs of weakness in non-parabolic areas of the market [3][5] - The market has gone 121 straight trading days without testing the 50-day moving average, with historical data suggesting a likely test of this average soon [5][6] Defensive Sectors - There is a rotation into more defensive parts of the market, particularly in REITs and healthcare, which are showing breakout patterns [8] Earnings Outlook - A significant slate of earnings from major companies is expected next week, which could be a critical factor for the overall market [9] Gold Market Analysis - Gold was approximately 28-30% above the 200-day moving average at its peak, marking the widest spread in 20 years, and is currently experiencing a pullback [11] - A potential further decline for gold is anticipated to test the 50-day moving average, although the structural uptrend for metals remains intact [12][13] - Despite the recent pullback, gold is still up more than 9% over the past month [13]

Group 1 - EQT is currently trading at $55.87, showing a 0.3% increase, but is struggling to recover from a recent decline from its peak of $61.02 on June 23 [1] - The stock has a support level at $55, which was previously a resistance level, and is following a historically bullish trendline just below this point [1] - Year-to-date, EQT shares have increased by 22%, indicating potential for further upward movement [1] Group 2 - According to Rocky White, EQT is within one standard deviation of its 50-day moving average, having been above this trendline in 8 of the last 10 trading days and spending 80% of the last two months above it [2] - Historical data shows that similar conditions have led to a 67% chance of the stock being higher one month later, with an average increase of 5.5% [2] - A comparable increase could bring EQT's price close to $60, nearing its record high [2] Group 3 - The current Schaeffer's Volatility Index (SVI) for EQT is 34%, which ranks in the 12th percentile of its annual range, indicating that options traders are anticipating low volatility [3]