Fear controlled the markets just one month ago... The conflict in the Middle East and Iran's de facto closure of the Strait of Hormuz fueled investor panic.

Wall Street Cashed Out on This Hot Investment Last Month By Ethan Goldman, analyst, Chaikin Analytics Fear controlled the markets just one month ago... The conflict in the Middle East and Iran's de facto closure of the Strait of Hormuz fueled investor panic. Now, I shared an important warning on March 24 about a favored "safe haven" investment... That day, CNN's Fear and Greed Index sat in "extreme fear" territory. And the State Street SPDR S&P 500 Fund (SPY) faced a 4% loss over the previous month. Today, things are very different... Since March 24, SPY has surged by about 9%. And we've watched it hit new all-time highs along the way. CNN's Fear and Greed Index has also swung into "greed" territory. But of course, I shared something else in that Chaikin PowerFeed essay... I focused on the world's largest physically backed exchange-traded fund ("ETF") of this traditional "safe haven" asset. As I'll explain, it ended up crawling higher. But a key factor "under the hood" means there are better opportunities out there today... Recommended Links: April 29: A Decade-Defining Moment Wall Street Legend Marc Chaikin – who has counted George Soros and Paul Tudor Jones as clients over his 50-year career – believes we're arriving at a make-or-break moment for AI. He predicted the COVID-19 crash, the 2022 bear market, and the wild bull market of the past three years. Now he says a shock is coming for the biggest names in AI... and urges anyone with money in AI stocks to make ONE simple move. On Wednesday, April 29, he's revealing it all at "The Dark AI Summit." Click here to secure your spot. A 'Reliable' Strategy for Wild Times Starting April 30, you have the opportunity to use what Bloomberg calls "one of the most reliable strategies this century"... Despite all the "tariff panic" last April, one analysis shows this strategy would have still given you the chance to double your money 21 times, triple it five times, and make more than 300% twice. Now, the window to use it again is just days away – see which stocks to buy here. Our Chaikin Money Flow Indicator Caught Wall Street Making Moves I'm talking about gold – specifically via the SPDR Gold Shares (GLD) ETF. As I explained, GLD had just dipped below the lower band of its "Keltner channel" and long-term trend line. But the next day, on March 25, I noticed another drastic shift in GLD... The ETF's Chaikin Money Flow dipped into negative territory. This indicator measures the buying activity from the so-called "smart money" on Wall Street. Notably, the dip into the red came after a year of almost total support for GLD from the smart money. GLD's Chaikin Money Flow remained in negative territory for most of the past few weeks. But the ETF's share price gradually increased. Put simply, even as the big institutions on Wall Street cashed out, GLD gradually climbed. The ETF now sits about 7% higher than where it was on March 24 when I last discussed it. You'll see what I mean in the chart below... Of course, this isn't a mistake. Our Chaikin Money Flow indicator worked exactly as it should. I'll explain in a moment. But we need to look at other parts of this chart first... Notice that GLD shifted deeply into "overbought" territory as the share price grew – and the smart money continued to leave. During this movement, the fund's relative strength versus the S&P 500 Index slipped. In fact, you can see that GLD's relative strength fell into the red just a few days ago. As we've noted before, gold's incredible growth in 2025 and into early 2026 made plenty of investors a lot of money. And the metal still has some long-term, macroeconomic tailwinds behind it. But investors' unchecked enthusiasm for gold seems to have calmed down for now. As such, the move here looks clear to me... Look for Stronger Corners of the Market Than Gold In plain terms, it looks like institutional investors on Wall Street took profits on GLD after an incredible run higher. Of course, the big institutions also have their eyes on hotter corners of the markets. As the S&P 500 and tech-heavy Nasdaq 100 Index rip higher, Wall Street hunts for other places to make big gains. That's where the Power Gauge comes in to help find these areas... For example, our system says industries like energy equipment and services, communications equipment, and even marine transportation are all "strong" right now. So these corners of the market are full of individual stocks with "bullish" or better ratings. Of course, I'm not saying that Wall Street's interest in GLD is over. But I'm currently more interested in areas where the smart money is piling in. So for now, we can find better opportunities today than GLD. Good investing, Ethan Goldman Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.16% 9 14 7 S&P 500 +0.77% 131 246 125 Nasdaq +1.91% 25 40 35 Small Caps +0.41% 637 954 281 Bonds +0.18% Information Technology +2.81% 37 25 10 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are Bullish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Information Technology +3.8% Energy +3.36% Consumer Staples +0.93% Materials +0.08% Utilities +0.04% Industrials -0.6% Consumer Discretionary -1.43% Real Estate -1.46% Financial -1.93% Communication -2.99% Health Care -3.1% *  *  *  * Industry Focus Innovative Technology Services 25 54 20 Over the past 6 months, the Innovative Technology subsector (XITK) has underperformed the S&P 500 by -15.62%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #14 of 21 subsectors and has moved up 2 slots over the past week. Top Stocks AAOI Applied Optoelectron ACMR ACM Research, Inc. AMD Advanced Micro Devic *  *  *  * Top Movers Gainers INTC +23.6% AMD +13.91% QCOM +11.12% SNPS +9.62% SMCI +8.71% Losers CHTR -25.5% CMCSA -12.9% HCA -8.77% ERIE -6.14% BSX -5.51% *  *  *  * Earnings Report No earnings reporting today. Earnings Surprises No significant Earnings Surprises in the Russell 3000. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at punjabsvera@gmail.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized financial advice. © 2026 Chaikin Analytics, LLC. All rights reserved. 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