Sunday, July 26, 2020

Week Ending 7/24/20 - Dollar/Gold/Bitcoin

Stock indices pretty much closed sideways for the week.  Gold and the dollar had big moves and Bitcoin is about to trigger vW's much higher.



The S&P has formed vM to 3123.25.
Several short and longer time frame vW's to new highs are still triggered.



Russell has formed a vM to 1427.5
Several vW's to new highs are triggered.



Bonds have formed sizable patterns in both directions.



Gold ripped higher pushing thru vW target prices 1881 and 1857 
and is now just under vW target price at 1937.6



Oil has been trading sideways to slightly higher.
vW's to 46.27 and 43.84 are triggered.



The dollar broke lower this week and has triggered vM's substantially lower to 91.305 and 87.125



Considering action in the dollar and gold this week, 
I'm including Bitcoins chart.  
It's about to trigger a vW to 26556 



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Sunday, July 12, 2020

Week ending 7-10-20 - Nasdaq ATH's - Copper looking good, lumber up 20%

Indices traded sideways, but closed up for the week with the exception of the Russell.  The Nasdaq however closed at new ATH's on Friday.  Copper and Lumber looking good with lumber up almost 20% for the week.  the Dollar still looks like it could break lower.



The S&P has vW's to new highs that are triggered, 
and any higher from here will trigger vW to 4394.75 
that began forming in February due to Corona.



Russell has vW's to new highs triggered.



Bonds have formed sizable patterns in both directions.



Gold has continued its move up.
vW's to 1857 and 1937.6 are triggered.
Small vM to 1785.9 is triggered.



Oil Broke above $40 before pulling back with the market.
vW's to 43.84 and 46.27 have formed, as well as a vM to 33.34.



Dollar still looks like it could break lower.
Needs to hold 95.705



XLF is flirting with vM necklines lower.  Needs to get above $27



Copper has been looking strong.  
several vW's higher triggered.



Lumber jumped almost 20% and was almost as high as 25%.
vW to 643.5 which is just under new highs is triggered.




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Sunday, July 5, 2020

Week Ending 7-2-20 : July 4th weekend. Riots and protests continue as Corona cases increase.

Stocks rose for the week on better than expected jobs numbers amidst rising corona virus cases.  Indices have patterns to new highs if they don't sell off due to a "second wave".



The S&P has triggered vW's to new highs.



Russell has vW's to new highs triggered as well



Bonds have formed sizable patterns in both directions.
Click for Update



Gold hit vW at 1777.7 and nulled vM's lower.
vW's to 1857 and 1937.6 are triggered.



vW's to 43.84 and 46.27 are triggered.



The Dollar has formed patterns, some of which are triggered, significantly lower.
Also if breaks lows around 95.70 soon, it could be a possible bear flag to 91.305



XLF has vM's to 20.90 and 19.47 that are triggered.  
Really needs to hold 17.49, otherwise I think stocks are in trouble.


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