8/20/2026 Daily Recap: Materials set to lead? - $XLB has been building a 6 month base and we are already seeing signs of materials trying to fly up the right side. - $GLD $GDX $SLV $SILJ $NEM we have gold and silver continuing to push and the US dollar doesn't look ready to go higher anytime soon. - $XLE took a well earned breather today $XOM $VLO $MPC - $BTC $ETH explosive day 2. Both back above the 200sma so I am welcoming all @saylor posts as I own $IBIT. - $MRVL $MU $PLTR a few growth names which are really standing out amongst the crowd. - Cyber security continues to come under pressure. $CRWD $PANW $NET very quickly into the 50sma. Now we wait to see if there is a positive reaction to that area. Otherwise we do nothing. - After $MRNA cured cancer we get a gap down and follow through in the biotech sector $XBI. Truth be told that group also needed a breather. - $QQQ resting against the follow through day low and tomorrow would be as great of a day as any for the markets to bounce from this spot. - Software still looks like a group worth watching going forward $NOW $TEAM $SHOP $MDB - As much as I dislike the positioning in copper it is impossible to ignore the multi month base that has been built in $FCX $SCCO $COPX