Sunday, January 10, 2021

Week Ending 1/8/21: Stocks ATH's. Bitcoin breached 40K. Bonds/Gold fell.

Stock indices have been making new highs.  Banks are looking strong with XLF at pre-Corona levels and all time highs.  Gold and Bonds fell over 4%.  The Dollar went down to vM target price 89.210 and has so far bounced.  Oil looks bearish. 



The S&P is sitting a few percent under short 
and longer time-frame vW's  at 3852.5 to 3907.25
vW to 4394.75 is still triggered, but wouldn't be 
surprised of a pullback if we hit those target prices.



The Russell hit vW to 2091.1
Its has formed small vM to 2005.6,
but vW to 2143.9 is triggered.
Also has longer term vW to 2258.4 that is triggered.



The Nasdaq whipsawed and nulled the last short term patterns, 
but ended higher forming and triggering vW to 13360.25



The Dow has short term patterns in both directions, 
and several longer term vW's triggered.
Click for Update



Bonds fell heavy, closing down roughly 4% hitting vM 204.05
Price also fell below the head of longer term vW's.
A close below 203'29 will null them.
Click for Update



Gold closed down about 4% as well after being up 2.5% earlier in the week.



Oil has short term vW to 55.33 higher,
and longer term vW's triggered from 80.82 to 114.07 triggered.



The Dollar has hit vW target price 89.210 
Needs to hold 88.150 to avoid further selling towards 87.125,
and triggering newly formed vM to 73.340



Lumber has been going parabolic again.
Has formed a vW to 1338.9
Note:  Charts discrepancies between here and on TOS are still whacked.



Copper still grinding higher.



BTCUSD broke above $40,000
Has formed vM to 32003 and 27638
Click for Update



The XLF is back at pre-Corona levels and all time highs.
Has several longer term vW's from 34 to 55 triggered.



Wells Fargo is still well below its pre-Corona levels.
Does have vW to 38.04 that is triggered.
Price breached the head of vM's to 19.72 and 12.59
but hasn't closed above it yet at 33.89
Click for Update






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