Government Reopening + Gold, China and Drone Technology.

$NBIS $UMAC $OKLO $BIDU $STX $GLD

Hello traders,

As expected, the market bounced sharply after senators took the first step toward passing a continuing resolution (CR) to reopen the government. There are still several steps ahead to end the 35-day partial shutdown—with significant uncertainty on timing. But party leaders believe lawmakers will, indeed, resolve the stalemate by the end of this week.

Now, senators must agree on how long to debate before voting on the final CR. This could move quickly or be delayed by senators who want to prolong the process. Then it’s the House’s turn. Members were advised to expect votes as early as Thursday or Friday.

The TGA (Treasury General Account) will now begin to release liquidity back into the economy, but this process takes time—meaning short-term volatility will likely remain. Looking ahead, we expect markets to start front-running the return of liquidity by mid-to-late November, with momentum likely carrying into year-end as QT (Quantitative Tightening) approaches its conclusion in early December.

Adding fuel to sentiment, Trump announced $2,000 “stimulus checks” aimed at boosting consumption—a clear pre-holiday push to support the economy and regain political support.

SPX Levels

Technically, the SPX saw a massive bounce on Friday and gapped sharply higher at Monday’s open. We briefly retested the gap but have continued grinding higher all day, hitting our top resistance at 6,841 (exact high: 6,840.38). We’re now strongly above both the 10- and 20-day moving averages—a clear bullish signal. The bull party is back on.

Our EOSE trade posted last week keeps going. Up another 5% and almost 30% total. Close to reaching our first target $20.23.

Also please check all the charts from yesterday’s letter, all of the setups are reaching supply levels and are about to breakout to new highs once the supply is digested.

Now let’s dive into the stocks for tomorrow:

NEBIUS $NBIS