Investors / stance tracking
What Chris Vermeulen is saying
Founder & Chief Investment Strategist, The Technical Traders
26 dated public stances tracked since 2024-10-08, most recently 2025-08-12. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Chris Vermeulen's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Chris Vermeulen is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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26
tracked stances
16
themes
4
side flips
2025-08-12
last heard
Returns 90d +6.5% (n=32) · 180d +6.8% (n=32) · 1y +8.7% (n=32)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
View flips
Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.
Long Dur Treasuries — bullish2024-10-08 → bearish2025-08-12
GOLD — bearish2024-10-08 → bullish2025-01-15
SPX — bullish2024-12-25 → bearish2025-01-15
NVDA — bullish2024-10-08 → bearish2025-01-15
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| GOLD | 3 | 2 bullish / 1 bearish | 2025-08-12 | |
| OIL | 3 | 3 bearish | 2025-08-12 | |
| SPX | 3 | 2 bullish / 1 bearish | 2025-01-15 | |
| CCJ | 2 | 1 bearish / 1 neutral | 2024-12-25 | |
| Long Dur Treasuries | 2 | 1 bullish / 1 bearish | 2025-08-12 | |
| NVDA | 2 | 1 bullish / 1 bearish | 2025-01-15 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-08-12
Long Dur Treasuries
bearish
Wealthion · video
The monthly 10-year yield chart has put in a multi-decade base and is entering a Stage 2 bull market phase pointing technically toward 8%, which would mean bonds get annihilated and a massive financial crisis unfolds
“this chart is pointing to 8% which is huge; if that happens we're going to have a massive financial crisis”
90d -4.1% · 180d -2.9% · 1y +1.2%
Chris Vermeulen: Crash or Melt-Up? Markets at a Critical Tipping Point
2025-08-12
AEM
bullish
Wealthion · video
Agnico Eagle is trading at all-time highs, leading the gold-miner space with a large pennant consolidation that has broken out, targeting approximately $154 per the 100% measured move from the 61.8% Fibonacci level
“it could go to about $154 to the upside and that it's a very strong pattern”
90d +24.3% · 180d +55.7% · 1y +37.9%
Chris Vermeulen: Crash or Melt-Up? Markets at a Critical Tipping Point
2025-08-12
OIL
bearish
Wealthion · video
Oil bounced into a high-volume resistance zone on a news-driven war spike that has since reversed, and the chart now shows a rollover pointing to $56-57 per barrel as tech-driven economy undercuts energy demand
“it's going to work itself back down to 57, 56, potentially go a whole lot lower still”
90d +1.7% · 180d -6.9% · 1y -74.5%
Chris Vermeulen: Crash or Melt-Up? Markets at a Critical Tipping Point
2025-08-12
GOLD
bullish
Wealthion · video
Gold is forming a 2007-style bull flag with 15-20% upside to approximately $4,100, while the same macro setup that preceded a 37% gold rally and 20% stock-market crash in 2008 is repeating — strong gold alongside a hated dollar signals systemic stress ahead
“I think gold has about an 18% rally to the next move”
90d +22.7% · 180d +51.5% · 1y +31.4%
Chris Vermeulen: Crash or Melt-Up? Markets at a Critical Tipping Point
2025-08-12
NEM
bearish
Wealthion · video
Newmont has traded in a 35-year sideways channel and consistently reverses sharply when it attracts the mass retail audience, making the current surge a contrarian warning rather than a sustained opportunity
“when the masses move into it, usually that move is about done for that stock”
Chris Vermeulen: Crash or Melt-Up? Markets at a Critical Tipping Point
2025-01-15
GOLD
bullish
Wealthion · video
Gold hit its 100% Fibonacci measured-move target so the main run is complete and they closed their GLD position, but chaos/safe-haven flows could push it nominally higher to ~$3,050 and it remains a low-volatility capital preservation vehicle
“the main big run is done… it could still push maybe make nominal new highs go a little bit higher”
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2025-01-15
VNQ
bearish
Wealthion · video
REITs are printing a bear flag after a large selloff, rising mortgage rates are accelerating outflows, and real estate broadly could fall 75% as in 2008
“we're going to see another huge reset and a selloff in the real estate space”
90d +1.6% · 180d -4.9% · 1y -8.2%
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2025-01-15
USTS
bearish
Wealthion · video
The 40-year falling-rate cycle has ended and Fibonacci extensions on the long-term chart project a new upward cycle with a momentum target near 8.34%, which would be catastrophic for equities and real estate
“we've gone from a 40-year falling interest rate environment to now we are starting a new upward environment”
90d -3.5% · 180d -4.3% · 1y -8.5%
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2025-01-15
DIVIDEND ETFS (HIGH-YIELD EQUITY INCOME BASKET)
bearish
Wealthion · video
High-yield dividend stocks have formed a bearish broadening/megaphone pattern, large-volume selling spikes confirm institutional distribution, and retiree concentration creates cascade-selling risk worse than 2008's 47% drawdown
“dividend stocks are like a ticking Time Bomb for retirees everybody owns the same stocks”
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2025-01-15
SPX
bearish
Wealthion · video
Multiple asset classes (SPX, gold, Bitcoin) simultaneously hit their 100% Fibonacci measured-move targets in December, and the short-term trend turned red Dec 19; he expects a 5–10% pullback over 3–6 months with eventual resolution significantly lower
“we are at this Red Zone for almost all asset classes Peak Financial Risk whatever you put to work right now has got a ton of downside risk”
90d +9.0% · 180d -6.0% · 1y -18.1%
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2025-01-15
USD
bullish
Wealthion · video
The dollar has put in a major base with a series of higher lows and higher highs, and safe-haven demand during a global financial reset historically rockets the dollar — Fibonacci target near 121
“you want to hold US dollars or own the US dollar Index”
90d -7.1% · 180d -7.8% · 1y -4.2%
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2025-01-15
NVDA
bearish
Wealthion · video
Nvidia printed a topping/reversal candle (gap to all-time high then sharp selloff), distribution volume is elevated, and it has lost market leadership — typically a signature of an impending trend change to the downside
“it's lost its leadership and all the people who moved into it are a lot of aggressive traders who follow their emotions”
90d +17.6% · 180d -20.4% · 1y -37.3%
Chris Vermeulen: Markets Are at ‘Peak Financial Risk’
2024-12-25
SPX
bullish
Wealthion · video
Post-correction Fibonacci 618 extension sets up a measured move to ~6,000, with the July-August shakeout having cleansed weak holders and re-energized the trend
“there's about 4% upside here on the SP 500 to the upside”
90d -4.0% · 180d +0.4% · 1y +16.1%
Wealthion’s Best Of 2024: Chris Vermeulen
2024-12-25
OIL
bearish
Wealthion · video
Pennant/halfway-point formation after the initial selloff projects a second leg down to roughly $45/barrel, barring a major Middle East escalation hitting refineries
“I believe we're going to probably see like $45 per barrel at some point”
90d -2.3% · 180d -4.5% · 1y +6.4%
Wealthion’s Best Of 2024: Chris Vermeulen
2024-12-25
SPUT
bullish
Wealthion · video
Monthly bull-flag pattern on the Sprott Physical Uranium Trust targets a 60%+ move to the $26.50–$32.50 range via Fibonacci extension, driven by a strong structural uptrend in uranium
“2650 to 3250 is the upside potential... that's a 60% upside move”
Wealthion’s Best Of 2024: Chris Vermeulen
2024-12-25
CCJ
bearish
Wealthion · video
Cameco's broadening megaphone formation (higher highs, lower lows) signals increasing volatility and exhaustion of the prior uptrend, making it inferior to holding physical uranium directly via SPUT
“this at any point could sell right back down... it just doesn't have a very super strong chart pattern”
Wealthion’s Best Of 2024: Chris Vermeulen
2024-10-08
NVDA
bullish
Wealthion · video
After a 35% shakeout that flushed weak holders, Nvidia is forming a multi-month launch pad; CEO comments confirm insane demand, and the stock is in oversold-bounce territory on the short-term chart, primed to lead the next index leg.
“Nvidia's ready to pop as well in terms of the price action”
90d +12.5% · 180d -26.5% · 1y +42.4%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
Long Dur Treasuries
bullish
Wealthion · video
Bonds have bottomed after the rate-spike correction and are reverting to their pre-2020 inverse relationship with equities; as the economy slows the Fed will cut further, sending TLT 15–20% higher over the next year.
“I think there's some pretty good upside potential maybe 15 20% in TLT to the upside over the next year”
90d -7.5% · 180d -3.2% · 1y -1.9%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
GOLD
bearish
Wealthion · video
Gold has completed its 20-year Fibonacci measured move to the 2,700–2,750 area and is signaling a major market top; near-term he is stepping away and expects a 15–30% reset before the next super-cycle leg toward $3,500–5,000.
“when gold hits like 2700 or 2750 I think we are bloody close to a major market top”
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
SPX
bullish
Wealthion · video
Post-August correction cleansed the market and re-energized momentum; Fibonacci extension off the pullback projects a 4% measured move to roughly 6,000 before the bull cycle exhausts.
“I do think overall equities have another three to eight percent upside on the SP 500”
90d +4.2% · 180d -11.4% · 1y +18.9%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
Big Tech
bullish
Wealthion · video
Fibonacci extension off the summer correction points to roughly 21,000 (double-top retest), giving the index about 8% upside even though it is lagging the broad market due to Magnificent Seven overhang.
“the NASDAQ has about an 8% upside potential based on its chart pattern”
90d +7.4% · 180d -13.1% · 1y +25.6%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
China Equities
bearish
Wealthion · video
The stimulus-driven 20% spike is running directly into a major 15-year monthly resistance ceiling (the 38-level blue line); news/manipulation-driven moves reverse as fast as they appear, and a global recession would pull all indexes lower together.
“most of that upside is done at this point and the Chinese market starts to roll over”
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
OIL
bearish
Wealthion · video
The current pennant consolidation on the oil chart is a classic halfway-point pattern; measuring the prior leg down projects a target near $44–45/barrel, consistent with historical lows that have been hit repeatedly.
“I believe we're going to probably see like 44 45 per barrel at some point”
90d -2.0% · 180d +12.9% · 1y +3.0%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
SILVER
bullish
Wealthion · video
Silver has formed a rounding bottom and is in an uptrend with room to squeeze toward the 34–36 major resistance zone, and as a physical asset it can continue higher even if equities sell off unlike gold miners.
“I've been expecting it to go to about 34 to 36 somewhere in this area”
90d -2.7% · 180d -3.1% · 1y +59.1%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
CCJ
neutral
Wealthion · video
Cameco's megaphone/broadening pattern signals increasing volatility and exhaustion of the prior uptrend, with a possible head-and-shoulders topping formation; the chart offers no clear directional edge and he would avoid it in favor of the uranium trust.
“I wouldn't trade this I would look for a different uranium stock to trade”
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
2024-10-08
long GOLD / short Gold Miners
pair
Wealthion · video
Physical metals (silver, gold) decouple from the stock market during sell-offs and can continue rising, whereas gold miners are stocks that get pulled down with the equity tide regardless of the metal price environment.
“when the tide goes down all boats go down...miners are subject to selling pressures in the equities market”
90d +5.3% · 180d +2.7% · 1y -23.2%
Chris Vermeulen: Institutions are Selling, Major Market Reset Ahead
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