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.
We Scored Every Stock Inside EQRR. Here's What We Found.
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Nine days ago I showed you an ETF called EQRR. Equities for Rising Rates. 51 stocks. Nobody was talking about it. A lot of you wrote back asking about it. A few asked a smarter question.. "What's actually working inside it?" So I did something I've never done publicly before. I ran the Flow Score on every single stock inside EQRR. All 51 holdings. Scored them the same way we score everything.. Capital Flow, Trend, Momentum. 0 to 100. The answer changes how you should think about the rising rates trade entirely. EQRR just closed at all-time highs this week. Again. But EQRR's new all time high isn't being driven by 51 stocks working together. It's being carried by one sector. Everything else inside it is broken. What's working inside EQRR: COP — ConocoPhillips — 75 Eight energy names. Every single one with a perfect trend score. 30 out of 30. Above every moving average. Capital flowing in. Momentum accelerating. Last time I showed you these names, I gave you the YTD returns. OXY up 51%. Valero 44%. ConocoPhillips 38%. Now you know why. It wasn't luck. It wasn't narrative. The institutional money showed up first.. the price followed. What's broken inside EQRR: DAL — Delta — 51 Travel stocks fading. Financial stocks collapsing. The banks that are supposed to benefit from higher rates.. JPM at 37, IBKR at 37, AMP at 22.. are scoring worse than the average stock in our universe. An ETF designed for rising rates is making all time highs.. but the financial stocks inside it are breaking down. The rising rates trade is an energy bet wearing a different hat. This matters because the narrative is still wrong. "Rates are staying higher, so buy banks." You hear it everywhere. Net interest margins expand. Lending becomes more profitable. Sounds logical. It's also dead wrong right now. Yesterday we talked about how XLF lost nearly 10% in Q1 while the S&P lost over 4%. Financials underperformed by 2 to 1. The worst relative quarter for banks since 2022. Now we're 11 days from the most important earnings season of the year. Here's where the six largest banks stand: C — 53 Goldman Sachs is reporting Monday April 13. JP Morgan, Citigroup, and Wells Fargo all report Tuesday April 14. Bank of America and Morgan Stanley on Wednesday April 15. Three days. Six banks. And the average Flow Score across the group is 38. JP Morgan is the one that matters most. Largest bank by assets. Largest by market cap. When JPM moves, XLF moves. When XLF moves, the S&P follows. It's sitting at $294 right now.. just above the 2.618 Fibonacci extension at $281.64 that has held as support. If it loses $281, the structure breaks. If it reclaims $320, the bull case for banks is alive. April 14 answers the question. But EQRR already told you where to look while you wait. If rates are staying higher and banks aren't working.. the money isn't going to the sectors that benefit from the theory of higher rates. It's going to the sectors that benefit from what higher rates actually mean in practice. Inflation persistence. Dollar pressure. Commodity demand. Hard assets. Energy is 4% of the S&P 500. Four percent. And it's doing the heavy lifting for the only ETF in the market that was built for this exact environment. When one sector is carrying an entire thesis.. that's not a broad trade. That's a concentrated bet hiding inside a diversified label. Know what you own. Know what's actually working inside it. Profits Over Prophets, Hamilton PS — We broke down every stock inside EQRR during this week's Academy Live session. The full side by side. Which names have flow confirmation. Which ones are dead weight. Blueprint members get the sector rankings updated every week.. three reports covering capital flows, institutional leaders, and smart money exits. See what the Flow Score is telling you about Q2. |
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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