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Wednesday, Nov 4, 2026
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Welcome back Reader! If new to the Similar Set Signal newsletter use the free Handbook to get you up to speed. Similar Set Handbook
More questions? Drop them on X: @Similar_set Tip: If you need bigger charts use desktop instead of mobile. I was beating the drum on “wait until after the midterms to see what the machine looks like.” Today is making some big moves. That being said, the signal had you positioned for a big day in everything besides Oil. Let’s review it all. VIXMonster move in the VIX. Whether you are happy or upset with the results, the market seems to like it. MOVEBond volatility failed to reach the top end of the RANGE and looks to be heading for another test of TREND and another lower high. HYGCredit is giving a big bounce off the low end of the RANGE but still has some work to do to break TREND. SPYVIX and SPY are the biggest signal changes of the day. This is why you don’t chase the low end of the RANGE to get short, and at the same time you don’t chase today’s price to get back long. We’ve covered the market sector by sector, which is where your exposure should be. To reiterate what the signal has said: it told you to be long XLP, XLV, XLF and short DRAM and QTUM—all of which are having great days. So instead of focusing on whether it’s Quad 2 or 4, fractal math had you positioned for whatever you want to call it today. Sector SignalsXLVSignal has been crystal clear and is continuing its rip today. XLFXLF is having an even better day. The problem is, if you weren’t already positioned, you can’t chase it today. This is why you need a tool that signals real-time instructions rather than hindsight wishing. XLPThe question is: “What did I do on Oct 28th?” IAKXLYSector signals nailed this rally in markets. XLETo be fair, XLE got hammered today, but with a diversified book it shouldn’t be detrimental to your performance. From here, just follow the fractal math. Today it’s saying reduce after breaking TRADE and be ready to exit completely if it breaks TREND. It’s as simple as that. DRAMAI is making new cycle lows, and now with the VIX back in bearish TREND it’s one of the few shorts remaining in US equities. IGVSoftware was an exit last week, and the signal continues to say stay out. Macro MarketsDXYDollar remains bullish TRADE TREND. Again, now that the midterms are over we’ll see how this signal becomes affected. As of right now it’s saying hold onto those macro shorts in things like Euro, GLD, and EPHE. EuroEPHETLTThis morning TLT finally got close to the low end of the RANGE after flipping signals Oct 22nd. OilWith Oil flipping its signal dramatically, that should help the TLT position strengthen as inflation has most likely peaked, with the fractal math confirming. GLDBig bounce in GLD, but not nearly enough to flip TREND. It still has some more room to the top end of the RANGE, so no moves here. BTCBreak TRADE means reduce, and on the first break of TREND I like to bid TREND. This has been the plan since last Tuesday and played out exactly as the math predicted. Now watch TRADE to determine if we’ll get continuation or go back to TREND—which is not a buy signal if we get back down there. Stop reacting after the move and start knowing your position before it happens. Similar Set Signal gives you the real-time fractal math that had you long the winners and short the losers today—no hindsight, no guessing, just clear TRADE and TREND instructions. Subscribe now and trade the next session already positioned. Similar Set Signal puts the full fractal math on every ticker you follow. 90 Day 100% Money-Back Guarantee
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Similar Set Signal
No official affiliation with Hedgeye. Just a power user that wanted to see what Kieth was seeing on his screen Sign up here to see the tickers Kieth talked about on the Macro Show today.
Welcome back Reader! If new to the Similar Set Signal newsletter use the free Handbook to get you up to speed. Similar Set Handbook Use Handbook More questions? Drop them on X: @Similar_set Tip: If you need bigger charts use desktop instead of mobile. It’s Election Day and not much has changed, so I’m going to keep this one short. As an overview, VIX, MOVE, HYG, and SPY are all signaling Quad 4. VIX MOVE HYG SPY Shorts like DRAM and QTUM should have been added on the bounce at the top end of...
Defensive sectors continue to outperform, with Healthcare (XLV) and Consumer Staples (XLP) gaining +9.8% and +10.9% over the past month, respectively, while Technology (XLK) has fallen -8.3%.Welcome back Reader! If new to the Similar Set Signal newsletter use the free Handbook to get you up to speed. Similar Set Handbook Use Handbook More questions? Drop them on X: @Similar_set Tip: If you need bigger charts use desktop instead of mobile. "Defensive sectors continue to outperform, with...
Welcome back Reader! If new to the Similar Set Signal newsletter use the free Handbook to get you up to speed. Similar Set Handbook Use Handbook More questions? Drop them on X: @Similar_set Tip: If you need bigger charts use desktop instead of mobile. Big move in markets today. Earnings plus midterms are driving a big swing in the VIX signal, which is key for overall positioning. VIX Don’t ignore a move like this in the VIX, going from the low end of the RANGE to the top end and slicing right...