This session was an educational MT Live webinar that explained the Master Trader Technical Strategies (MTS) framework—particularly the role of multiple time frames, bar-by-bar analysis, intermarket analysis, and position/money management in building a cohesive trading thought process.
The session also reviewed current broader market conditions, including a significant market scare driven by rising interest rates and a government intervention that temporarily stabilized equity markets.
Greg walked through live chart examples across indices, ETFs, and individual stocks, reinforcing how MTS concepts apply in real-time.
Market Context & Conditions
- Trigger event: The 30-year bond yield reached its highest level in over 20 years, causing markets to gap down sharply — a reaction that had been anticipated based on rising interest rate signals in prior days. 1
- Government intervention: Just before the open on the day of the session, a government announcement to double down on bond purchases caused interest rates to drop sharply and equity markets to recover, averting a more significant selloff.
- Greg's assessment: the intervention was described as "lipstick on a pig" — it prevented a market cliff-dive but did not resolve the underlying issues of growing deficit and persistent inflation.
- Oil prices did not decline on the day; the ongoing Middle East conflict continues to support elevated energy prices and contributes to the inflation overhang.
- Gold (GLD) rose significantly on the day as interest rates fell — consistent with the inverse relationship between rates and gold.
- Transports had been weakening and formed what appeared to be a bear flag pattern, raising questions about the health of the broader economy despite official GDP growth claims.
- Small caps (IWM) and micro caps were holding up relatively well, providing some offsetting positive signals.
- Semiconductors did not fully recover on the day and were described as a potential market overhang, particularly given high borrowing costs tied to AI data center buildouts.
- Retail and materials sectors were characterized as "sloppy messes," inconsistent with claims of a strong economy.
- Biotech (IBB) and medical devices were performing well and represent open positions in the ETF letter.
- Bitcoin held up and moved higher despite the broader volatility; Gold Miners Jr. ETF (GDXJ) was also performing very well as an ETF letter position.
