<![CDATA[Cerlogic Markets Research]]>https://intel.cerlogic.comhttps://substackcdn.com/image/fetch/$s_!Coee!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F661a3cce-351a-4685-b77a-07433de8b043_1024x1024.pngCerlogic Markets Researchhttps://intel.cerlogic.comSubstackWed, 28 Oct 2026 13:28:51 GMT<![CDATA[Brazil Scorecard, October 2026]]>https://intel.cerlogic.com/p/brazil-scorecard-october-2026https://intel.cerlogic.com/p/brazil-scorecard-october-2026Wed, 28 Oct 2026 08:01:35 GMTBrazil just had its most violent move in years. Lula won the 25 October run-off, against most polls and against how the market was positioned. The next morning a circuit breaker halted trading at the…

Read more

]]><![CDATA[$DXY - US dollar Index]]>https://intel.cerlogic.com/p/dxy-us-dollar-indexhttps://intel.cerlogic.com/p/dxy-us-dollar-indexTue, 27 Oct 2026 19:55:55 GMTAll eyes on the Fed tomorrow, lots of things are stretched towards trends.

Read more

]]><![CDATA[One roll]]>https://intel.cerlogic.com/p/one-rollhttps://intel.cerlogic.com/p/one-rollTue, 27 Oct 2026 15:14:42 GMT$GLD rolls :

  • Nov 27 $379 call → Dec 4 $382 call: paid $2 bucks

$GLD levels to watch:

  • $367: harvest & accumulation

  • $373: get quote only for roll up and out

]]><![CDATA[TIPS]]>https://intel.cerlogic.com/p/tipshttps://intel.cerlogic.com/p/tipsTue, 27 Oct 2026 12:17:51 GMTWe set our real Compounder portfolio at $100K.

The first purchase, Treasury Inflation-Protected Securities, and it’s not a stock. Mostly because they are expensive, and yield very little. But there wi…

Read more

]]><![CDATA[China : $KWEB, $ASHR, $FXI]]>https://intel.cerlogic.com/p/china-kweb-ashr-fxihttps://intel.cerlogic.com/p/china-kweb-ashr-fxiTue, 27 Oct 2026 07:50:20 GMTWatching for capitulation. China is in a clear Stage 1 of the business cycle, trying to stimulate its way out of it, but it’s not really impactful yet.

Putting it on the watchlist, especially China te…

Read more

]]><![CDATA[$SPY - S&P 500]]>https://intel.cerlogic.com/p/spy-s-and-p-500https://intel.cerlogic.com/p/spy-s-and-p-500Mon, 26 Oct 2026 19:44:34 GMTIt’s still range bound, so it’ll be messy, daily trends keep changing. Still, worth noting, especially when we also look at the support.

Medium-term / weekly we’re still in uptrend.

Read more

]]><![CDATA[$CPER: Copper]]>https://intel.cerlogic.com/p/cper-copper-puthttps://intel.cerlogic.com/p/cper-copper-putMon, 26 Oct 2026 19:24:47 GMTBought 1 $CPER January 15 $38 put at $0.95.

Copper is in a short-term downtrend, crowded on the long side, with managed money cutting fast. Either the energy crisis deepens, causing more global slowdo…

Read more

]]><![CDATA[$GLD roll]]>https://intel.cerlogic.com/p/gld-roll-92fhttps://intel.cerlogic.com/p/gld-roll-92fMon, 26 Oct 2026 17:21:26 GMT$GLD rolls :

Nov 20 $376 call → Nov 27 $379 call: paid $20 bucks

$GLD levels to watch:

$365: harvest & accumulation

$371: get quote only for roll up and out

]]><![CDATA[Trend Indicator 1.0]]>https://intel.cerlogic.com/p/trend-indicator-10https://intel.cerlogic.com/p/trend-indicator-10Mon, 26 Oct 2026 07:28:04 GMTSomething we’ve wanted for a long time is now live: Trend Indicator 1.0, our trend method as a screener, across more than 12,000 tickers.

It was built by one of you, Anton (@adaitche), who picked it u…

Read more

]]><![CDATA[$IEF & $TLT ]]>https://intel.cerlogic.com/p/ief-and-tlthttps://intel.cerlogic.com/p/ief-and-tltSun, 25 Oct 2026 20:02:14 GMTShort-term uptrend on both now, but the idea is simpler. Either the energy crisis continues and puts pressure on the global economy, slowing growth, or they resolve it, and oil comes down, and yields…

Read more

]]><![CDATA[Copper, Zinc, Tin]]>https://intel.cerlogic.com/p/copper-zinc-tinhttps://intel.cerlogic.com/p/copper-zinc-tinSun, 25 Oct 2026 18:55:37 GMTAll in short-term downtrends now, all crowded on the long side. The idea is simple, if geopolitics stays here, or heats up, then we’ll enter a real energy crisis and global slowdown. But if they patc…

Read more

]]><![CDATA[$CHF & $GBP: Franc & Pound]]>https://intel.cerlogic.com/p/chf-and-gbp-franc-and-poundhttps://intel.cerlogic.com/p/chf-and-gbp-franc-and-poundSun, 25 Oct 2026 15:36:52 GMTBig week ahead, the BoC meeting first, then the Fed and BoJ, and the BoE the week after that. Then there is geopolitics.

It’ll be volatile, but we’ll try to cut through the noise. Charts first, and s…

Read more

]]><![CDATA[Royalty Scorecard, October 2026]]>https://intel.cerlogic.com/p/royalty-scorecard-october-2026https://intel.cerlogic.com/p/royalty-scorecard-october-2026Sun, 25 Oct 2026 15:02:07 GMTRoyalties and streams are where we started the Compounder Strategy posts, and for good reason. They get paid on the revenue from someone else’s mine or oil well, without paying for the build or the r…

Read more

]]><![CDATA[$SPY & $QQQ]]>https://intel.cerlogic.com/p/spy-and-qqqhttps://intel.cerlogic.com/p/spy-and-qqqSat, 24 Oct 2026 21:38:23 GMTThe S&P 500 is range-bound, with sector rotation underneath, for now. It sits back at the bottom of the range, around 7,600–7,650 on the futures. The Nasdaq is weaker, already in a short-term downtre…

Read more

]]><![CDATA[$BTC - Bitcoin]]>https://intel.cerlogic.com/p/btc-bitcoin-f2ahttps://intel.cerlogic.com/p/btc-bitcoin-f2aSat, 24 Oct 2026 15:32:35 GMTFirst sideways, then downtrend on daily, back to sideways and again, downtrend now. Failed to establish support here near September highs.

Read more

]]><![CDATA[Markets Update - October 26, 2026]]>https://intel.cerlogic.com/p/markets-update-october-26-2026https://intel.cerlogic.com/p/markets-update-october-26-2026Sat, 24 Oct 2026 12:00:38 GMT“I learned everything the hard way. You are looking at the most anti-intuitive trader in the world.” - Richard Dennis

Every trend table and change across the six markets, in one place, plus the charts we are watching most closely this week.

EQUITY MARKETS – INDICES

Subscribe now

SHORT-TERM TREND CHANGES SINCE LAST WEEK

• NASDAQ 100 - UNITED STATES: sideways ➝ downtrend

• DOW JONES - UNITED STATES: sideways ➝ uptrend

• NIKKEI YEN - JAPAN: sideways ➝ downtrend

• FTSE 100 - UNITED KINGDOM: uptrend ➝ sideways

MEDIUM-TERM TREND CHANGES SINCE LAST WEEK

• NONE

POSITIONING CHANGES SINCE LAST WEEK

• S&P 500 VIX - UNITED STATES: neutral ➝ positive

• NASDAQ 100 - UNITED STATES: neutral ➝ negative

CHARTS OF THE WEEK :

FOREX

SHORT-TERM TREND CHANGES SINCE LAST WEEK

• DXY - US DOLLAR INDEX: uptrend ➝ sideways

• GBP/USD - BRITISH POUND: sideways ➝ uptrend

• CHF/USD - SWISS FRANC: sideways ➝ uptrend

• JPY/USD - JAPANESE YEN: downtrend ➝ sideways

• CAD/USD - CANADIAN DOLLAR: sideways ➝ uptrend

• BRL/USD - BRAZILIAN REAL: sideways ➝ uptrend

• AUD/USD - AUSTRALIAN DOLLAR: downtrend ➝ sideways

• NZD/USD - NEW ZEALAND DOLLAR: downtrend ➝ sideways

• ZAR/USD - SOUTH AFRICAN RAND: downtrend ➝ sideways

• BTC/USD - BITCOIN: downtrend ➝ sideways

• INR/USD - INDIAN RUPEE: downtrend ➝ uptrend

• SGD/USD - SINGAPORE DOLLAR: downtrend ➝ sideways

• RUB/USD - RUSSIAN RUBLE: downtrend ➝ uptrend

• NOK/USD - NORWEGIAN KRONE: downtrend ➝ uptrend

• SEK/USD - SWEDISH KRONA: downtrend ➝ sideways

MEDIUM-TERM TREND CHANGES SINCE LAST WEEK

• CAD/USD - CANADIAN DOLLAR: downtrend ➝ sideways

• BRL/USD - BRAZILIAN REAL: sideways ➝ uptrend

• AUD/USD - AUSTRALIAN DOLLAR: sideways ➝ downtrend

• ZAR/USD - SOUTH AFRICAN RAND: sideways ➝ downtrend

• INR/USD - INDIAN RUPEE: downtrend ➝ sideways

• RUB/USD - RUSSIAN RUBLE: downtrend ➝ sideways

POSITIONING CHANGES SINCE LAST WEEK

• GBP/USD - BRITISH POUND: neutral ➝ positive

• CHF/USD - SWISS FRANC: neutral ➝ positive

• JPY/USD - JAPANESE YEN: negative ➝ neutral

• ZAR/USD - SOUTH AFRICAN RAND: negative ➝ neutral

• BTC/USD - BITCOIN: negative ➝ neutral

CHARTS OF THE WEEK :

INDUSTRIAL METALS

SHORT-TERM TREND CHANGES SINCE LAST WEEK

• NICKEL - LME, UNITED KINGDOM: downtrend ➝ sideways

MEDIUM-TERM TREND CHANGES SINCE LAST WEEK

• NONE

POSITIONING CHANGES SINCE LAST WEEK

• NONE

CHARTS OF THE WEEK :

ENERGIES

SHORT-TERM TREND CHANGES SINCE LAST WEEK

• NATURAL GAS - UNITED STATES: uptrend ➝ downtrend

• ETHANOL - UNITED STATES: uptrend ➝ sideways

MEDIUM-TERM TREND CHANGES SINCE LAST WEEK

• NATURAL GAS - UNITED STATES: uptrend ➝ sideways

POSITIONING CHANGES SINCE LAST WEEK

• NATURAL GAS - UNITED STATES: positive ➝ neutral

CHARTS OF THE WEEK :

TREASURIES

SHORT-TERM TREND CHANGES SINCE LAST WEEK

• 10-YEAR T-NOTE - UNITED STATES: sideways ➝ uptrend

• 30-YEAR T-BOND - UNITED STATES: sideways ➝ uptrend

MEDIUM-TERM TREND CHANGES SINCE LAST WEEK

• NONE

POSITIONING CHANGES SINCE LAST WEEK

• 30-YEAR T-BOND - UNITED STATES: neutral ➝ positive

CHARTS OF THE WEEK :

AGRICULTURE

SHORT-TERM TREND CHANGES SINCE LAST WEEK

• COTTON NO. 2 - UNITED STATES: downtrend ➝ sideways

• ORANGE JUICE - UNITED STATES: downtrend ➝ sideways

• SOYBEAN MEAL - UNITED STATES: sideways ➝ downtrend

• CANOLA - CANADA: sideways ➝ downtrend

MEDIUM-TERM TREND CHANGES SINCE LAST WEEK

• WHEAT - UNITED STATES: uptrend ➝ sideways

• SOYBEAN OIL - UNITED STATES: sideways ➝ downtrend

• CANOLA - CANADA: uptrend ➝ sideways

POSITIONING CHANGES SINCE LAST WEEK

• COTTON NO. 2 - UNITED STATES: negative ➝ neutral

• SOYBEAN MEAL - UNITED STATES: neutral ➝ negative

• CANOLA - CANADA: neutral ➝ negative

CHARTS OF THE WEEK :

Kacper Piotr Kaminski, Cerlogic Markets Research

This publication is for informational and educational purposes only and does not constitute investment advice. Markets involve risk, and every participant is responsible for their own decisions.

]]><![CDATA[More rolls]]>https://intel.cerlogic.com/p/more-rollshttps://intel.cerlogic.com/p/more-rollsFri, 23 Oct 2026 14:38:16 GMTMore moves :

$GLD rolls :

- Nov 20 $378 call → Nov 20 $376 call: buyback ~$4.30, sold $4.87, realized +$69 on the $378.

- Jan 15 $405 call → Jan 15 $400 call: buyback ~$4.20, sold $5.01, realized +$84 on the $405.

- Jan 15 $350 put → Feb 19 $335 put: closed the $350 for +$204, bought the $335 @ $5.87.

- Bought $PHYS +10 (1,390 → 1,400).

$GLD levels to watch:

$361: harvest & accumulation

$369: get quote only for roll up and out

]]><![CDATA[$GLD roll]]>https://intel.cerlogic.com/p/gld-roll-1f7https://intel.cerlogic.com/p/gld-roll-1f7Fri, 23 Oct 2026 14:15:25 GMT$GLD rolls :

  • Nov 20 $382 call → Nov 20 $378 call: buyback ~$3.85, sold $4.99, realized +$129 on the $382.

$GLD levels to watch:

  • $366: harvest & accumulation

  • $371: get quote only for roll up and out

]]><![CDATA[No changes]]>https://intel.cerlogic.com/p/no-changeshttps://intel.cerlogic.com/p/no-changesThu, 22 Oct 2026 20:04:14 GMTVolatility picks up, making both calls and puts more dear. But hey, it’s a downtrend, so we have more sold calls.

When vol comes down these options will plummet, we’ll harvest, and we’ll buy more Gold.

]]><![CDATA[Harvest & Accumulation]]>https://intel.cerlogic.com/p/harvest-and-accumulationhttps://intel.cerlogic.com/p/harvest-and-accumulationThu, 22 Oct 2026 13:55:44 GMT$GLD rolls :

  • Nov 20 $388 call → Nov 20 $382 call: buyback ~$3.50, sold $5.14, realized +$166 on the $388.

  • Jan 15 $415 call → Jan 15 $405 call: buyback ~$3.51, sold $5.04, realized +$158 on the $415.

  • Bought PHYS +10 (1,380 → 1,390).

$GLD levels to watch:

  • $368: harvest & accumulation

  • $374: get quote only for roll up and out

]]>