If you’re looking for macro takes, CNBC headlines, or excuses for why nothing works — you’re in the wrong place. The Trading Initiative is where real traders come to level up. We don’t chase news. We don’t follow narratives. We follow price. Led by Hamilton, TTI teaches traders how to identify trends, isolate relative strength, and capture momentum like professionals. If you’re ready to stop second-guessing and start trading like it’s your business, this is where you belong.
$566 Million in One Day
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A couple weeks ago I wrote that if you wanted to know where Bitcoin was headed.. look at Software (IGV). They've been joined at the hip. Highly correlated. And at the time, both were getting destroyed. Well.. since the Citrini AI article dropped on February 22nd, Software is now the leading industry group in the market. Not semis. Not energy. Software. And it's not random. IGV is bouncing off the exact same support level that held during the Trump tariff panic in April 2025. The same level that held during the Japanese Yen carry trade blowup in August 2024. Every time this industry gets beaten down to that $77.50 zone.. it bounces. Four times now. But here's what nobody is talking about.. and it's the part that matters most. It's not just price that's turning. Big money is confirming it. IGV saw $566 million in inflows in a single day last week. Plus another $229 million the week before. Cloud software (WCLD) is trading at nearly double its normal volume.. 1.94x. That's not retail. That's institutions repositioning. And where is that capital coming from? Semiconductors (SMH). SMH just saw $589 million in outflows. Financial institutions are actively pulling money out of semis and rotating it directly into software. The rotation is happening right now.. in real time. I joked about it on X yesterday.. Software holding up better than Semis is a narrative most people aren't willing to explore yet. But the fund flow data is backing it up. And if this continues.. the Citrini article might have actually marked the bottom of the entire sell off. Poetic.. isn't it? This is exactly the kind of rotation we track inside the Hit List every single week. Our Flow Scores flag the shifts before the headlines caught up.. and our Burst Trades are built to attack moves like this the moment the data confirms. If you're not inside the Hit List yet, you can join us here. We're going live this morning at 10:30AM EST for the Execution Report to break all of this down.. the Flow Score updates, which software names are leading the bounce, and where we're looking for new Burst Trades. If you want to see how we attack these rotations in real time, join us. Profits Over Prophets, Hamilton |
The Trading Initiative
If you’re looking for macro takes, CNBC headlines, or excuses for why nothing works — you’re in the wrong place. The Trading Initiative is where real traders come to level up. We don’t chase news. We don’t follow narratives. We follow price. Led by Hamilton, TTI teaches traders how to identify trends, isolate relative strength, and capture momentum like professionals. If you’re ready to stop second-guessing and start trading like it’s your business, this is where you belong.
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A lot happened this week in the markets.. crude oil up 30%+ is obviously where most people are focused. But as I went through our Flow Report yesterday, something stuck out to me that's even more important than what the energy sector is telling us.. This week, $967 million flowed into long duration Treasuries. At the same time, $1 billion left high yield corporate bonds. Another $1 billion left investment grade corporate bonds. Read that again. Institutions are buying government bonds and...