Sunday, December 20, 2020

Week ending 12/18/20:

 The S&P tested its 10ma this week, but ended up closing near all time highs.
Several short and longer term vW target prices are triggered.



Russell still grinding higher and 
well above its 10ma.




Still expecting 204'05 unless the stock markets decrease further.






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



Dollar still looks like it wants lower.
Also nulled smaller term vW's formed last week.



Tradingview and Thinkorswim charts on lumber are still whacked.  
Thinkorswim doesn't have the same gap and the highs were made a couple weeks apart.
Regardless lumber looks like it wants to go parabolic again,
and the further out countracts have already climbed above the last high.






















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Sunday, December 13, 2020

Week ending 12/11/20: Indices below 10ma except the Russell. Lumber going parabolic again?

The major indices closed below their 10ma, except the Russell.  See if they can retake it.  Bonds bounced, and gold is forming patterns to the upside.  Lumber looks like it wants to go parabolic again.
Copper has been going higher as well.



The S&P has formed and triggered short term vM to 3614.25,
which if works out will trigger vM to 3517.75
Does still have longer term vW's higher, 
but needs to retake its 10ma to avoid further selling.



The Russell hit longer term vW at 1933.8
Has formed small patterns to 1832.8 and 1976.2 and currently between the two necklines.
Russell is still above its 10ma



Bonds bounced this week back above the 10ma.
Still expecting 204'05 unless the stock markets decrease further.
Click for Update



Gold has formed vW 20000.1 and triggered vW 1949.5.  
Currently sitting just avove its 10 ma after testing the 200 a couple weeks ago. 
See if price and the 10ma can retake the 50 ma.



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.
Click for Update



Oil hit vW 47.68
Still has several longer term vW's to 55.33 and above 80.
Click for Update



Dollar still looks like it wants lower.
Has formed small vW's to 92 area.



Tradingview and Thinkorswim charts on lumber are still whacked.  
Thinkorswim doesn't have the same gap and the highs were made a couple weeks apart.
Regardless lumber looks like it wants to go parabolic again,
and the further out contracts have already climbed above the last high.
Click for Update



Wells Fargo similar situation to XLF



BTC/USD
Click for Update

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Sunday, December 6, 2020

Week Ending 12/4/20:


The S&P hit shorter term vW's at 3685, nulling vM to 3331.
vW's to 3788.5 and 3907.25 are triggered.



The Russell nulled several short term vW's on Monday,
but then revered and blew through their target prices.
VW to 1909.1 is triggered, and there is a bull flag to 1959.4 on the hourly chart.



Bonds fell below recent target price hit at 211'08
and is now below the major moving averages.
Expecting vM 204'09 to hit.



Gold bounced off neckline for vM 1711.1
vM to 1588 is still triggered.
Click for Update



Oil hit vW to 44.90
vW to 47.68 still triggered.
vM to 27.13 is nulled.
Click for Update



The Dollar fell this week, falling through vM target prices 91.080
It did stop at a prior vM target price 90.565
See if can bounce, otherwise next target price is 87.125 
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



Wells Fargo has a few gap ups as well.  
It also nulled shorter term vM to 20.68
Has formed and triggered vW to 38.04




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Sunday, November 29, 2020

Week Ending 11/27/20: Dow new highs. Gold down. Lumber trying to turn back up.




The S&P has formed several shorter term patterns higher, inside larger vW higher.
Break above 3668 will null vM to 3331



The Russell has several shorter term vW's to new highs,
inside much larger vWs higher.
vM to 1576 is nulled.



Dow hit vW price target at 30105 
Note: vM to 27546 should have been nulled and shaded gray. 



Bonds hit vM 211'08 and has so far bounced.
It's battling the moving averages and pattern 
necklines in both directions.



Gold took a beating this week.  
vM to 1588 is triggered.



Oil hit vW to 44.90
vW to 47.68 still triggered.
vM to 27.13 is nulled.



Dollar has triggered vM to 89.210
vW to 95.715 has been nulled.



BTCUSD


XLF hiy short term vW 28.56 and longer term vW 28.47
Has several gaps at 27.69, 27.28, and 25.28



Wells Fargo has a few gap ups as well.  
It also nulled shorter term vM to 20.68



Lumber is forming and triggereing patterns to the upside.
Has also un-triggered vM to 124












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Sunday, November 22, 2020

Week Ending 11/20/20: Bonds look Bullish. Bitcoin to 27K???

Indices were down for the week except the Russell.  Oil moving up.  Bonds has bullish ma's.  Bitcoin to 27K?



The S&P fell for the week and is below its 10 day ma.  
Has shorter term patterns both directions, 
with longer term time frame patterns still triggered.
Click for Update



The Russell closed up for the week, and id still above its 10 day ma.  
It usually leads the way so watch for strength or weakness. 
Click for Update



Bonds hit vM 211'08 and has so far bounced.
It also has retaken its 10, 50, and 200ma's,
right as the 50 and 200 is about to make a bearish cross
Still battling with pattern necklines in both directions.
Click for Update



Gold has triggered vM to 1588



Oil has triggered vW's to 44.90 and 47.68



Dollar looking like it wants the 91 area.



XLF jumped early in the week, but closed near the lows.
If falls below 27, expecting it to fill the gap at 25.28



Bitcoin 27K?





















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Sunday, November 15, 2020

Week ending 11/13/20: Indices and banks gapped up Monday except the Nasdaq. Sector Rotation??? Oil back above $40

Stock Indices jumped Monday with the Russell tripping the 7% circuit breaker, except the Nasdaq and many tech stocks under-performed as well.  May be seeing sector rotation.  Banks gapped up as well and have so far held it.  Bonds hit a small vM lower and have so far bounced.  Oil is back above $40



The S&P jumped on Monday nulling short and mid-term vM's lower.  
Short term vW's have formed and triggered to new highs.



The Russell launched up 7% causing it to halt first thing Monday morning,
nulling longer term vM's lower.
Click for Update



 The Nasdaq didn't fare as well as other indices.
It jumped early on Monday but, gave it all back 
and under-performed the next few days.  Still has a large vM to  9432.75...new highs will null.



The Dow made new highs at 30,000 nulling vM's lower.



Bonds hit vM 211'08 and has so far bounced.
Still battling with pattern necklines in both directions.



Gold fell Monday an, otherwise d nulled vW owards the highs.
Gold needs to hold is likely.



Oil has hit vM to 33.94 and bounced back above $40.
Has shorter term patterns both directions.



The Dollar is in between to short term patterns. 
See if can gain above the 94.75 area and null vM's lower, 
or falls below 92.



Banks gapped up on Wednesday, nulling several short term vM's lower.
See if continues towards vW 28.56 which is triggered, or fills gap first at 25.28



Wells Fargo gapped up aas well, but hasn't nulled vM's lower yet.












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