Sunday, February 28, 2021

Week Ending 2/29/21: Interest rates shot up. Bitcoin tumble.

Markets fell as interest rates shot up,  Gold and silver still diverging.  Bitcoin fell.



The S&P hit short term vM's to 3865.75, 3839.75, and 3816.  
vW's to 4021 and 4394.75 are currently still triggered, but testing the 4021 neckline.
vM to 3683.5 has formed and triggered. If price does go there it needs to recover 
from there, otherwise we will start to form vM's towards 3450 and possibly lower.



The Russell has triggered short term vM's to 
2159.1 and 2036.3 and formed vM to 1891.1 . 
Short term vW to 2339.6 was nulled.
Srill has several longer term vW's are triggered.



Bonds fell as interest rates jumped, hitting vM 188'10
Looks like it is attempting a bounce and has formed and 
triggered short term vM's to 197'23 and 196'04



2 Year Yield



Nasdaq has hit vM's 13178.75 and 12853
It has formed a vM to 11594.25 and a smaller 
vW to 13339.5, neither of which is triggered.



Gold still diverging from silver and 
sitting just above vM's 1711.1 and 1706.3
vM's from 1711.4 to 1385.7 are triggered.
It has also nulled vW's to 2000.1 and 2102.7



vW to 33.785 is triggered as well as vM's tp 22.545 and 21.900
Click for Update



Oil has formed some small vM's lower.
Longer term vW's from 80.82 to 114.07 triggered.



Lumber



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



The XLF has triggered large longer term pattern to 44.96



BTC:  vM to 42232.33 and 340035.10 are triggered.
If breaks recent low, vM to 29068.43 will be triggered.


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Sunday, February 21, 2021

Week Ending 2/19/21: Gold/Silver Diversion, S&P testing 10 SMA, BTC and ETH new highs

The indexes had a rough week and tested the 10 SMA's during OPEX week.  Bonds are still in a downtrend and look like they want lower.  Gold is in a downtrend, while silver is in an uptrend, and copper skyrocketing.  Lumber still looks parabolic, but has negative macd divergence, and hopefully(??? idk) rolling over a bit.   Bitcoin and Ethereum are making new highs.



 The S&P is testing its 10 sma.
Has formed short term vM's to 
3865.75, 3839.75, and 3816.  New highs will null.
vW's to 4021 and 4394.75 are triggered.
Click for Update



The Russell has formed short term vM's to 2159.1 and 2036.3.  New highs will null.
Short term vW to 2339.6(new highs) has formed and several longer term vW's are triggered.



Bonds have continued their downtrend and have
nulled longer term patterns to 242'15 and 249'26



Gold is in a downtrend triggereing vW's,
while silver is in an uptrend triggereing vW's



Copper hit vW  and continued higher.  
vW's to 4.5175 and 4.6270 are triggered.



Oil has hit  been pushing higher and nulling smaller term vW patterns.
Longer term vW's from 80.82 to 114.07 triggered.



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 triggered vW's to 1160.7 and 1338.9
Has formed small vM to 964.4
These highs are without macd and 
1 hour macd is currently negative.
Not sure why it's so high here, but would 
like to see it rollover a bit, or at least 
stop going parabolic, as I think that would hurt home builders. 



The XLF has triggered large longer term pattern to 44.96





Bitcoin hit vW 52899.84
Its a stretch, but technically 
has a vW to 60866.38 triggered.
Also has a bull flag to 71664.13



Ethereum has vW to 2591.6




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Monday, February 15, 2021

Week Ending 2/13/2021: Bitcoin new highs. Oil, copper, and lumber higher

 The S&P hit short and intermediate target prices at 3890.5 and 3907.25.
vW's to 4021 and 4394.75 are triggered.



The Ruselll hit shot and longer term vW target prices at 2286.0 and 2258.4



The Nasdaq hit vW t 13738.75
Has formed shirt term vW to 14346



Bonds hit vM to 200 nulling vW to 211. 
Unless bounces from here, next target is longer term vM to 195'25.
Some much larger time frame vM's could be forming here.



Oil has hit  been pushing higher and nulling smaller term vW patterns.
Longer term vW's from 80.82 to 114.07 triggered.



Copper hit a longer term vW at 3.7840
vW's to 3.9415 to 4.6270 are triggered.
Click for Update



Bitcoin hit vW 48523.86
vW to 52899.84 is triggered,


















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Sunday, February 7, 2021

Week Ending 2/5/21: Lumber breaking out

Stocks had a good week with all indices except the Dow making new highs. Oil and banks looking bullish.  Lumber looks like it wants to breakout.



The S&P climbed since opening Sunday night to new highs.
Short term vW to 4021 is triggered.



The Russell fell through vM to 2059.8 Sunday, 
but bounced back to new highs.
Has formed and triggered vW to 2286 
and still has longer term vW's from 2258.4 to 2374.1 
and a W to 2478.






Silver.  No squeeze yet



Oil has hit  vW to 55.33 and pushed thru.
Longer term vW's from 80.82 to 114.07 triggered.



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 triggered a vW to 1338.9
Note:  Charts discrepancies between here and on TOS are still whacked.



The XLF tested its 50 day and has so far bounced.
Haas formed a long term vW to 44.96 and is close to triggering it.
If makes new highs again long term vM's lower will null.



BTC itting between some big patterns both ways.
vW to 48523 is only one triggered.






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