Oct 16, 2026 · 39 min
Trader exits tech as markets signal deeper weakness
Panic Selling Continues; Trader Dumps Stocks Before Next 20% Drop | Chris Vermeulen
The episode connects active risk management across stocks, commodities, and real estate with the difficulty of distinguishing a correction from a lasting downturn.
- 1Chris Vermeulen exited Nasdaq and leveraged QQQ positions while using technical signals to protect gains.
- 2He sees defensive rotation emerging but remains cautious on gold, silver, oil, and assets still in free fall.
- 3Canadian real estate weakness could create opportunities, but tighter bank lending may delay a durable recovery.
Don't miss
Vermeulen explains the specific combination of price, volume, money flow, and sentiment he would require before buying technology again.
The brief
Chris Vermeulen tells David Lin why he exited Nasdaq and leveraged QQQ positions while keeping exposure to the S&P 500. His approach relies on stops, momentum, money flows, and sentiment rather than buy-and-hold conviction.
The central argument is that a falling asset can become more dangerous when fear and FOMO encourage premature buying. Vermeulen wants price, volume, money flow, and sentiment to confirm a new uptrend before reentering.
Defensive sectors are attracting attention as yields decline, but Vermeulen separates short-term strength from healthy long-term trends. He remains cautious on gold and silver’s stage-four declines and links oil’s outlook to bonds and yields.
The housing discussion shifts from market weakness to opportunity: falling Canadian prices, fewer transactions, and elevated Vancouver court-ordered listings may eventually create attractive multifamily purchases.
Vermeulen’s standout test for a real estate bottom is practical rather than predictive: abundant inventory, below-listing sales, and financing conditions that still determine who can buy.
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