Sunday, April 28, 2024

Week Ending 4-26-24: Does the bounce continue?

 /ES bounced this week and has formed/triggered several shorter term vW's near all time highs.
Needs to hold recent lows at 4963.5 to avoid further selling towards vM 4850.25 to 4621.75


/RTY has hit its 200 dma and so far bounced. Needs to retake 50dma. 
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 have un-triggered.
vM to1714.4 formed.


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above dma's.



vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold is consolidating after hitting longer term vW to 2416.1 and MACD is trying to curve negative.
Shorter term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962


Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are formed with bearish MACD.
Has longer term patterns both ways.


The Dollar has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
MACD however has made a bearish crossove. See if continues lower or reverses.
Price is currently above all dma's and the 50 dma crossed above the 200 dma.


XLF istill battling 10 and 50 dma's
vM's from 38.7 to 36.78 have un-triggered.


Bitcoin is below its 50 dma and the 10 dma has crossed below it.
MACD is below the zero line but is trying to curl up.
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Sunday, April 21, 2024

Week Ending 4/19/24: Markets spiked lower on Israeli news, but has mostly recovered. Could see a bounce here, but still looks overall bearish.

 /ES fell below its 50 dma hitting vM's 5048.75 and 5015.5
Has formed small vW to 5146.75, but new lows will null.
Hs triggered vM's to 485.25 and 4788.5 and has triggered vM 4621.75


/RTY has hit its 200 dma and so far bounced. 
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 are triggered with vM 1714.4 formed.


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above sma's.


vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold is consolidating after hitting longer term vW to 2416.1 and MACD is trying to curve negative.
Shorter term vW to 2497.7 is triggered, along wth longer term vW to 2929.7 and bull flag to 2962


Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are formed with bearish MACD.
Has longer term patterns both ways.


The Dollar has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
MACD is currently playing along with price with the exception of slight negative divergence the last couple days.
Price is currently above all dma's and the 50 dma crossed above the 200 dma.


XLF is testing its 10 and 50 dma's which are right together. 
vM's from 38.7 to 36.78 are triggered.


Bitcoin is below its 50 dma and the 10 dma has crossed below it.
MACD is below the zero line but is trying to curl up.
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Friday, April 12, 2024

Week Ending 4/12/24 - Indexes and many stocks looking bearish. Yields, the Dollar, and metals are looking bullish.

 /ES is below its 10sam and testing its 50 ma with negative macd.
vM's to 5048.75 and 5015.5 are triggered.


/RTY Is below the 10 and 50 sma with bearish macd.
VM to 1899.3 is triggered inside vW to vW 2244.2 which is also triggered.
Below 1904.8 will null vW 2244.2


/NQ is fighting for its 10 sma after testing the 50 sma with negative macd.
vM to 17370 and vW to 19002.25 are formed.


/YM is below the 10 and 50 sma's with bearish macd.
The 10 sma is also crossing below the 50 sma.
vM's to 37671 and 36764 are triggered.


NVDA has been a major market player recently. 
It closed right at the 10 sma the end of the week and nulled vW to 1084.65
vM's to 817.04, 775.17 and 773.45 are triggered.
If doesn't hold 775 area, could easily see half gap around 715 and full gap fill at 680.06


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above sma's.


The 10 year has vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold hit longer term vW to 2416.1 and reversed for the day.
Is above all sma's with the 10 sma going parabolic with price.
Shorter term vW to 2497.7 is triggered, along wth longer term vW to 2929.7 and bull flag to 2962


Copper currently in an uptrend with several vW's above 5.
New highs will null vM's 2.7795 and 1.9895


Oil has vW to 97.40 triggered and vW to 120.29 is formed.
Price is above ma with bullish sma construction.


XLF was down 1.33% after JPM fell 6.47% on earnings.
Price is below the 10 and 50 dma's with vM's to 38.70 triggered and vM 37.76 formed


Bitcoin is testing its 50 dma at the end of the week after fighting with its 10 dma.
MACD is in a downtrend and close to crossing below the zero line.

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Friday, April 5, 2024

 The S&P hit vM 3713.75 and so far bounced. 
vM's 3495.5 to 2990.75 are triggered.
A low below 3639 will trigger vM2652.25



The Russell has formed vW to 2051.6 and a W to 2194.5
Needs to hold 1640 area to avoid further selling to 1518 and 1429



Bonds hit a long term vM 147'18 that formed from the highs in Mar 2020.
Has formed a short term vW 172'31 and MACD crossing above 0 line.



The 10 year has formed a vM to 2.016% right at a GAP 1.997%



Gold hit vM 1713.7
Needs to hold 1690 area, otherwise expecting further selling towards 1534.5



Copper has been falling heavily, but hit vM 3.2320
Needs to bounce from here.
If not expecting 2.7795 and possibly 1.9895



Oil hit vW's 116.43 and 123.13 and has so far turned lower.
vM to 82.67 is triggered and price is testing necline for vM to 71.29



Lumber has fallen as well.
I didn't think it would/could happen with oil either, 
but lumber has several vM's to negative territory.



The Dollar has hit longer term vW 105.17 and several shorter term patterns.
See if can reverse from vW 107.04
Has vW's to 118.520 and 119.275



XLF needs to hold the $30 area.
Otherwise expecting 24.47


















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Friday, April 29, 2022

Week Ending 4/22/22:

The S&P fell heavily Thursday and Friday erasing gains. 
Needs to hold 4100 area, otherwise could see further selling to 4124.75



The Russell feel the end of the week as well. 
Needs to hold 1883, otherwise expecting 1756.6



Bonds traded sideways, but ended up down .62% for the week.



Gold is testing the neckline for vM 1713.7



Oil has been trading in a wedge. 
Has vM's to 87.12, 84.12 and 55.59 
and vW's to 116.43 and 123.13
























 
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Sunday, April 24, 2022

Week ending 4/8/22:

 The S&P has vW's to new highs,
but MACD currently turning lower.



The Russell fell for the week and MACD turning negative.



Bonds fell for the week, falling through longer term vM's











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Sunday, April 3, 2022

Week Ending 4/1/22: Some shorter term yields are higher than longer term.

 The S&P has vw's triggered from 4649.5 to 5057.5



The Russell has several short term vW's triggered.



Bonds were back and forth in intra-day trading, but closed up for the week.



The 10 year yield hit several vW's higher. Has formed short term patterns in both directions.



Oil has corrected over 25% from its highs.
has formed vM's to 87.12, 84.12 and 55.59 



Lumber has been trading sideways and hit vM 936.1
Has formed and triggered vM to 543.9



The Dollar has been trading sideways. 
If breaks recent highs it has formed a bull flag to 102.880



XLF hit vM 38.06
Has formed and so far triggered vM 37.02



Bitcoin rallied nulling vM 22002.42
vW to 51514.26 is triggered.








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