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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