Sunday, March 21, 2021

Week Ending 3/19/21:Majors testing 10 sma. Oil tanked Thursday

 The S&P has several vW's above 4000 formed and/or triggered.
It is testing its 10 ma after making all time highs, and has a small vM to 3826.25



The Russell hit longer term vW to 2321.9
vM's 2036 and 1891.1 have been nulled. 
Testing 10 ma as well.
vM to 2206.8 is triggered and vM's 2142.9
and 2121.8 are formed.



The Dow outperformed other indices this week.
Has formed small vM's to 32301, 31974 and 31680



Bonds hit vM 181'22 and traded lower.
If doesn't bounce from this area, expecting low 170's



10 year T-notes hit a vM at 131'04 
If cant bounce from here, expecting 129-126'20



10 Year yield has vW to 1.846 triggered.



Gold looks like it is trying to bounce from prior vM at 1672.
If cant hold the 1672 area, expecting 1615-1588 and vM to 1385.7 will be triggered.



Copper still fighting between several short and longer term patterns both directions.



Oil tanked Thursday, falling below 
the head for vW 69.20 but didn't close below, 
so technically it isn't nulled yet.
vM's to 57.15 and 54.65 are triggered
and vM to 50.68 formed.



The Dollar hit vM 92.295
vW to 94.940 is triggered.



The XLF hit vW's to 34.06 and 34.18 and so far pushed above.  
Still has a large longer term pattern to 44.96
Small vM to 35.56 has formed.



BTC has several short term vW's higher from 59590 to 60840.
Has mid term vM to 45916.0 and vW's to 64374 and 73351.
Also has bull flags to 71664 and 84788 that are working.
Click for Update



Lumber gapped down thru vM 942 and has formed vM 668.7
Still has large patterns higher at 1160.7 and 1338.9.
Longer term vM's to 124 and -94.3 have been nulled.




Week Ending 3/12/21: Internet issues while doing outlook

 The S&P made new highs nulling vM 3666.25
vW's to 4021 and 4396.75 are triggered.



The Nasdaq hasn't hit new highs .
vM's to 11905 and 11594.25 are triggereed 
and need new highs to null.
vW to 14037.25(new highs) have formed.



Bonds fell Friday hitting longer term vM 182'31 
Is just above vM 181'22.
If doesn't bounce from this area, expecting 170's



10 Year yield has vW to 1.846 triggered.




Sunday, March 7, 2021

Week Ending 3/5/21: Yields rose. Metals down.

The indices had a rough week, but looked pretty bullish Friday.  Needs to hold the recent lows, otherwise expecting significant further downside.  The 10 year jumped hitting a vW target price, and has formed patterns lower.  Metals were down for the week.  Oil above 65 and looks bullish.


The S&P is just under its 10sma after a wild week.
Has untriggered vM to 366.25 but needs new highs to null.
VM to 3438.25 has formed.  New highs null.
Mid and longer term vW's to 4021 and 4394.75 are still triggered.



The Russell hit short term vM to 2159.
vM's to 2036.3 and 1891.1 are triggered.
Still has several longer term vW's are triggered. 



The Nasdaq hit small vW at 13339.5 and rolled over. 
It is below a bearish 10/50 ma cross.
vM's to 11905 and 11594.25 are triggered.
Needs new highs to null.



The Dow is above its ma's and has a double bottom to new highs to 32687.
Also has vW's to 32140, 32766, and 38449,
vM to 30685 hit, then bounced un-triggering 30369



Bonds fell for the week hitting vM 184'30 and are attempting to bounce. 
Has triggered vM to 181'22 which will null vW's 196-202'01
Has formed small vW to 190'11



10 year yield



Gold fell hitting vM to 1711.1 and 1706.3
vM's to 1615, 1588. and 1385.7 are triggered.
Click for Update



Silver had a rough week compared to gold, but overall looks better.
vW's to 31.335 and 33.785 have un-triggered. 
vM's to 22.545 and 21.900 have triggered.



Copper had a volatile week.  
Has several short and longer term patterns both directions.



Oil nulled vM's lower and is setting up a lot of large patterns higher.



Lumber has been going parabolic again.
Has triggered vW's to 1160.7 and 1338.9
Has formed small vM to 942
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. 
Click for Update



The Dollar hit 89.210 and has so far bounced.



The XLF has triggered vW's to 34.06 and 34.18 and a large longer term pattern to 44.96



BTC has vM's significantly lower and vW's to new all time highs.
Also has a bull flag to 71664.13