Steve Burns Trading Community

[image] Indian Rupee fell to an all-time low against the U.S. Dollar last week. 🇮🇳

[text] Goldman Sachs downgrades India to Market Weight and lowers NIFTY target to 25,900 from 29,300.

[image] India's Rupee falls to an all-time low against the U.S. Dollar. 🇮🇳

[image] “If all you ever did was buy high-quality stocks on the 200-week moving average, you would beat the S&P 500 by a large margin over time.” - Charlie Munger $NFLX

[image] $820,000,000,000 wiped out from the US stock market yesterday. $120,000,000,000 wiped out from the crypto market cap. Almost $1 TRILLION gone in one day. And the market is set for a red open today.

[text] Oil hasn’t been this overbought since the Kuwait War. Daily RSI: 88+

[image] S&P 500 $SPX hits most oversold level 24 months. The 200-day moving average and 30-RSI are near.

[text] "More expensive oil is bad for Europe, Japan and Korea, all big importers. It is actually a net benefit to the U.S., as an exporter and the world’s biggest producer." — The Wall Street Journal Russia and the Middle East also benefit.

[image] Berkshire Hathaway now has $373 Billion in Cash, enough to buy 480 companies in the S&P 500: 😳

[image] Bitcoin is correlating with software stocks. Is blockchain just really a software program after all the hype? $BTC $IGV

[image] Who holds all the U.S. debt:

[image] The S&P 500 Index's trading range in the first 41 trading days of 2026 is just 2.7%, the narrowest for this period on record, going back to 1928. This is also tighter than any Dow Jones trading range since 1896.

[image] The stock market believes the war is over. Oil does not.

[image] Going back to 1926, the S&P 500 has seen an average drawdown of 18.2% in the 12 months before midterm elections. Going back 60 years, the smallest drawdown has been 7.4% while the largest was 41.8% . After the midterms, everything is fine.

[image] $NVDA went from $4 billion to $130 billion in operating income in less than three years. 👀