Sunday, January 31, 2021

Week Ending 1/29/30: GME, AMC, DOGE/USD squeeze. Talk of silver squeeze coming.

Stocks indices had a rough week and are testing their 50 day moving averages..  GME, AMC, KOSS EXPR, and BB had huge short squeezes after Wall Street Bets reddit channel pumped them and they had a ridiculous short float.  Talk of a squeeze in silver coming next..





 The S&P has fallen below and is testing its 50 day MA.
vM to 3521.25 is triggered. 
Still has some vW's that are not yet nulled.



vM to 2059.8 and 1967.4 are triggered.
Currently sitting just above 2059.8
Could bounce from there back to new highs, 
or butter through towards 1967.4...
neither would surprise me.
Click for Update



The longest term pattern the Nasdaq has is to 1378.75, 
which began forming in Sept '20.
vM's to 12254.75 and 12031 are triggered. 
Needs to avoid below 12,800, otherwise expect further selling towards those targets.



The DOW has formed a vM to 28700, and is below its 50 ma.
Still has several longer term vW's



Bonds has vM to 200 triggered. 
Has small vW to 211 formed. 



Gold fighting between sizable down patterns and new highs.
It does have a long term vw to 2400 still triggered



Lots of talk about a short squeeze in silver after the GME squeeze.
Has several shorter term vW's from 27.80 to 33.78. 
along with a bull flag to 47.02 and longer term vW to 50.86 that isn't far from being triggered.

Click for Update



Oil has short term vW to 55.33,
and longer term vW's triggered from 80.82 to 114.07 triggered.
Small vM to 49.72 has formed.

Click for Update



The Dollar has hit vW target price 89.210 
It's currently battling between short term necklines.
Needs to hold 88.150 to avoid further selling towards 87.125,
and triggering newly formed vM to 73.340



Lumber has been going parabolic again.
Has formed a vW to 1338.9
Note:  Charts discrepancies between here and on TOS are still whacked.



The XLF has been gapping down and is now testing its 50 ma.
vM to 26.28 is close to being triggered.



BTC nulled its vW to 50K.
vM to 27638.74 and 20547.43 are triggered 
vM to 14371.15 has formed.



DOGE/USD squeezed as well this week.
Sitting between necklines of vW to .08 and -.0055



GME currently has patterns triggered between below way below 0 and 708.97



AMC has been in a downtrend since 2017.
Has vM to -8.43 and vW to 25.46
Click for Update



EXPR has been in a downtrend since 2014.
The squeeze formed and hit a double bottom to 11.56
vW to 12.75 and vM to -3.47 have formed.



KOSS was under $5 before the squeeze.  
vM to -12.64 is triggered.
Has vM to 14.34 and vW to 195.12 that are formed.



BB formed and triggered vM to -1.33




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Sunday, January 24, 2021

Week Ending 1/22/21: Stocks near all time highs. BTC forming sizeable patterns lower.

 The S&P hit longer term vW to 3852.5
Still has shorter term vM's 3869.25 and 3907.25 that are triggered.



The Russell hit vW 2143.9.
Has formed a small vM to 2059.8
vW to 2258.4 triggered.



Bonds nulled vW's to 234'05 to 251'01
vM to 200 triggered.



Gold fighting between sizable down patterns and new highs.
It does have a long term vw to 2400 still triggered



Oil has short term vW to 55.33 higher,
and longer term vW's triggered from 80.82 to 114.07 triggered.
Small vM to 49.72 has formed.



The Dollar has hit vW target price 89.210 
Needs to hold 88.150 to avoid further selling towards 87.125,
and triggering newly formed vM to 73.340
Click for Update



BTC nulled its vW to 50K.
vM to 27638.74 and 20547.43 are triggered 
and price is below the 10ma.



The XLF is back at pre-Corona levels and all time highs.
Has several longer term vW's from 34 to 55 triggered.
Formed small vM to 29.64, with a gap just below at 29.07




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Week Ending 1/15/21: MLK day next week. Bitcoin 50K? DPZ

 


The S&P is sitting a few percent under short 
and longer time-frame vW's  at 3852.5 to 3907.25
vW to 4394.75 is still triggered, but wouldn't be 
suprised of a pullback if we hit those short term target prices.target prices.
Price has fallen below the 10ma



The Russell hit vW 2143.9.
Has formed a small vM to 2039.9.
vW to 2258.4 triggered.



Bonds nulled vW's to 234'05 to 251'01
Click for Update






Oil has short term vW to 55.33 higher,
and longer term vW's triggered from 80.82 to 114.07 triggered.
Small vM to 49.72 has formed.
Click for Update




The Dollar has hit vW target price 89.210 
Needs to hold 88.150 to avoid further selling towards 87.125,
and triggering newly formed vM to 73.340



The XLF is back at pre-Corona levels and all time highs.
Has several longer term vW's from 34 to 55 triggered.
Formed small vM to 29.64, with a gap just below at 29.07
Click for Update



Wells Fargo is still well below its pre-Corona levels.
Does have vW to 38.04 that is triggered and one formed to 47.85
vM's to 19.72 and 12.59 have nulled.
Click for Update



BTC has formed a vW to 50K.
vM to 27638.74 is triggered 
and price is below the 10ma.
Click for Update



Dominos looking kinda ugly here.
Has triggered vM's from 349.69 to 304.13
Click for Update

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Sunday, January 10, 2021

Week Ending 1/8/21: Stocks ATH's. Bitcoin breached 40K. Bonds/Gold fell.

Stock indices have been making new highs.  Banks are looking strong with XLF at pre-Corona levels and all time highs.  Gold and Bonds fell over 4%.  The Dollar went down to vM target price 89.210 and has so far bounced.  Oil looks bearish. 



The S&P is sitting a few percent under short 
and longer time-frame vW's  at 3852.5 to 3907.25
vW to 4394.75 is still triggered, but wouldn't be 
surprised of a pullback if we hit those target prices.



The Russell hit vW to 2091.1
Its has formed small vM to 2005.6,
but vW to 2143.9 is triggered.
Also has longer term vW to 2258.4 that is triggered.



The Nasdaq whipsawed and nulled the last short term patterns, 
but ended higher forming and triggering vW to 13360.25



The Dow has short term patterns in both directions, 
and several longer term vW's triggered.
Click for Update



Bonds fell heavy, closing down roughly 4% hitting vM 204.05
Price also fell below the head of longer term vW's.
A close below 203'29 will null them.
Click for Update



Gold closed down about 4% as well after being up 2.5% earlier in the week.



Oil has short term vW to 55.33 higher,
and longer term vW's triggered from 80.82 to 114.07 triggered.



The Dollar has hit vW target price 89.210 
Needs to hold 88.150 to avoid further selling towards 87.125,
and triggering newly formed vM to 73.340



Lumber has been going parabolic again.
Has formed a vW to 1338.9
Note:  Charts discrepancies between here and on TOS are still whacked.



Copper still grinding higher.



BTCUSD broke above $40,000
Has formed vM to 32003 and 27638
Click for Update



The XLF is back at pre-Corona levels and all time highs.
Has several longer term vW's from 34 to 55 triggered.



Wells Fargo is still well below its pre-Corona levels.
Does have vW to 38.04 that is triggered.
Price breached the head of vM's to 19.72 and 12.59
but hasn't closed above it yet at 33.89
Click for Update






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Sunday, January 3, 2021

End of 2020

Stocks ended the year with the indices at, or near record highs.  The Dollar is still in a downtrend, with gold in an uptrend and Bitcoin at new highs.  Note that Bitcoin has hit it's highest long term price target at 34241.  Lumber went parabolic again and is forming a larger pattern higher.



The S&P closed the year at all time highs.  
Several short term vW's are triggered, 
as well as longer term vW's to 3852.5 and 4394.75



The Russell has a few small vM's formed.  
vW to 2091.1 has formed and vW to 2258.4 is triggered.



The Nasdaq has small vW's in both directions, and a long/mid term vW to 13738.75
After that there aren't any longer term patterns.



Dow has formed a short term vW to 30712.
Has longer term vW's triggered to 32140, 32766, and 38449



Bonds have been trading sideways.
Currently still expecting 204'05.
Click for Update



Gold is sitting in the middle of some larger patterns both ways.
Still has longer term patterns higher as well.
Click for Update



Copper has had a big run lately and recently hit vW target price at 3.5495
Wouldn't be surprised if pulled back here from that target price, 
but if stocks continue to rise, this still has several patterns higher.



Oil is sitting just under $50
Still has several longer term vW's to 55.33 and above 80.
Click for Update



The Dollar has been in a downtrend.
vM's to 89.210 and 87.125 are triggered.
Click for Update



Lumber has been going parabolic again.
Has formed a vW to 1338.9
Click for Update


XLF closed above recently hit target prices of 
short term vW 28.56 and longer term vW 28.47
Still has several gaps at 27.69, 27.28, and 25.28
Click for Update



BTC/USD has hit vW 34241 which was it's highest long term target price formed so far.
Has formed short term vM to 28013.15 
Click for Update








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