Sunday, January 23, 2022

Week Ending 1/21/22: Russell close to correction territory. Gold triggering higher. Crypto falling.

 The S&P nulled shorter term vW's higher.
Hit vM 4494.25 and found no support.
Expecting vM 4301.75



The Russell fell hitting closing below vM target price 1977.1
50 ma is below 200 ma.



Bonds fell heavy in the beggining of the week, 
but came close to bouncing back



The 10 year yield hit vW to 1.902% and has so far turned lower.
Still has vW's to 2.095% and 2.223% that are triggered.



Gold already has, or is close to triggering several vW's higher



Oil nulled vM's from 41.34 to 61.69
vW's from 91.52 to 100.29 are triggered.



Lumber hit 1320.3 and turned lower.
Has formed and triggered vM 1064.2
Still has bull flag to 1633.2 possible 
Also has a large vW to 2022.3



Banks fell this week forming and triggering vW's 35.14 and 36.55
vW to 42.52 has been untriggered.



Bitcoin hit vM 39477.26 and found no support.
vM's 24792.99 and 197847.81 are triggered.



ETH hit vM 2714.22
vM's 2231.86 and 1088.65 are triggered.are triggered.














Monday, January 17, 2022

Week Ending 1/15/22: Lumber hit vW's. Oil looks like wants higher and Bonds lower. Crypto testing 10 MA's

The S&P fighting between necklines for sizable patterns both ways.



The Russell just above necklines for vM's to 1997.1 and 1882.7 
Still has several longer term vW's from 2478.1 to 3059.5



Bonds look like they want lower.
If can't hold 187'15 expecting 182'12



Oil close to nulling vM's to 61.69 52.55 and 41.34
Several longer term vW's from 85.87 to 114.07 are triggered.



Lumber has hit short and long term vW's 
Still has a bull flag to 1633.2 possible.



The Dollar fell this week. 
vM 94.195 is triggered and bull flag to 99.785 has been nulled.



Banks formed and triggered vW 44.32 and nulled vM's 36.00 and 34.44
vW's 41.36 hit and and vW 42.52 is triggered.



Bitcoin testing its 10 MA. vM's 39477.26 and 24792.99 are triggered.



ETH formed a vM to 1088.65
vM's 2732.47 and 2231.86 are triggered.



Sunday, January 9, 2022

Week Ending 1/7/22: 10 Year Yield breaking out

 The S&P hit vM 4691.25
Has formed and triggered vM to 4494.25
Longer term vW's from 4875.75 to 4960 are still triggered.



The Russell continues to look weaker then other indices.
Has short term vM's to 1997.1 and 1882.7 that are close to triggering.
Still has several longer term vW's from 2478.1 to 3059.5



Bonds fell this week. 
If can't hold 187'15 expecting 182'12



The 10 year yield broke out, nulling vM's lower
and triggering yields as high as 3.167%



Oil formed vM's to 61.69 52.55 and 41.34
Several longer term vW's from 85.87 to 114.07 are triggered.



Lumber looks like it wants 1320.3
and if breaks above that it'll likely test ATH's



The dollar has been trading sideways. 
See if heads towards vM 94.195 or bull flag to 99.785



Banks formed and triggered vW 44.32 and nulled vM's 36.00 and 34.44
vW's 41.36 and 42.52 are also triggered.



Bitcoin fighting with necklines for patterns both ways.
vM from 39477.26 to 19747.81 are triggered.



Ethereum hit 3041.34and has so far bounced. See if holds, 
otherwise expecting 2732.47 and if can't hold prior lows there, 
expecting 2231.86
Still has vW's to 5090.90 and 6536.27 if remains above 1700






Tuesday, January 4, 2022

Week Ending 12/31/21: S&P new ATH's

 The S&P made new ATH's. 
vW's from 4875.75 to 4960 are triggered.
Formed small vM 4691.25



The Russell isn't looking as strong as the other indices.
It's the same place that it was in early Feb.
Does have a W with MACD curling up and a few longer term vW's triggered.



Bonds nulled vM's 184'27 and 177'07 
Has several decent size patterns both ways.



10 year battling between short term necklines.



Gold is in a large wedge between necklines with patterns both ways.



Copper close to untriggereing vM's from 3.5870 to 3.3340



Oil testing 50 ma.



Lumber hit vW 1163.6and has so far been resistance area. 
If breaks out above 1172.2 we'll be expecting 1286.6 to 1320.3



The Dollar has several short and longer term vW's triggered.



Banks fighting between necklines for vM  36.00 and 34.44
and vW's 41.36 and 42.52 



Bitcoin fighting with necklines for patterns both ways.



Ethereum forming vM's but battling between necklines.
Still has vW's to 5090.90 and 6536.27 if remains above 1700