Sunday, April 25, 2021

Week Ending 4/23/21: S&P new highs. Lumber launching. Crypto falling. Lumber v.s. Bitcoin chart

 The S&P had a fairly volatile week, but made new highs Friday.
vW to 4212.75 and longer term vW to 4394.75 are triggered.



The Russell had a farily volatile week as well, but closed above last week.   
Triggered short term vW's up to 2529.5
vM to 1830.3 is formed.  New highs will null.



Bonds still looking bullish.
Has triggered vW's from 187'06 to 193'25
Has formed vW to 199'25



10 Year yield has triggered a vM to 1.434



Oil has several short term patterns both ways. 
Above 67.98 will null vM's lower.
MACD also crossing above 0



Lumber Paused briefly around vW 1338.9 and closed above Friday,
Forming a bull flag to 1858.8, a roughly 35% increase.



The Doallar has formed and triggered vM's from 90.305 to 88.110 with 
negative moving average construction and MACD below zero.



XLF had similar week to Indices.  A bit volatile but closed at highs.
vW's 36.76 and 37.37 are triggered.
Also has large longer term patterns to 39.85 and 44.96



Bitcoin fell this week triggering vM's from 45378.54 to 30674.06
Also formed and triggered vM to 29721.88
Bull flags to 71664 and 84788 are nulled.
Also, the 10ma fell below the 200ma and MACD is falling below zero. 
Click for Update



DOGE hit vW .42804282 and reversed,
triggering vM's to .14666274 to just above .08
It is below the 10ma and MACD is below zero.
Bull flag to .70 is nulled.
Has formed a vW to .4364, below .1552 will null.
Also has formed a vM below zero (-.10155).  Needs new highs to null.



DOGE Daily Chart
Click for Update



Lumber v.s. Bitcoin







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Sunday, April 18, 2021

Week Ending 4/18/21: Majors except Russell make new highs. Lumber still nuts. DOGE launched.

Major indices made new highs except for the Russell.  DOGE launched while BTC and ETH down.  Bonds looking better with the yield coming down.



The S&P hit vW 4166.25 and made new highs.
vW to 4212.75 and longer term vW to 4394.75 are triggered. 



The Russell had a bullish wee triggering short term vW's up to 2529.5
vM to 1830.3 is formed.  New highs will null.



Bonds still looking bullish.
Has triggered vW's from 187'06 to 193'25



10 Year yield has triggered a vM to 1.434



Gold has triggered short term vW's to 1798.8 and 1833.8
with MACD testing 0 line and retaking the 10sma.



Oil has several short term patterns both ways. 
Above 67.98 will null vM's lower.
MACD also crossing above 0



Lumber jumped through vW target price 1160.7
Looks like it barely traded there.
Has formed several small gaps also.
See what happens at vW1338.9



The Dollar is testing its 50ma and 
the 10ma is crossing below the 200ma.
MACD is testing the zero line as well.
vW to 94.94 is still triggered.



XLF hit vW 35.45 and vW's 36.76 and 37.37 are triggered.
Also has large longer term patterns to 39.85 and 44.96
Small vM to 32.56 and 30.45 has been nulled.



Bitcoin is forming decent size patterns lower, 
and close to nulling short term vW's higher if goes below 50360
Bull flags are looking to extended to be flags anymore.
Also has bearish MACD divergence.



ETH has hit several short term vW's.  
vW to 2658.43 is still triggered, 
but is also fighting with vM's 1711.65 and 1486.85
Has longer term vW to 2591.6 triggered.



DOGE launched this week.
Has formed a vM back below .09
and formed vW's to .42-.47
along with a bull flag to .70
Click for Update

DOGE 1 hour chart
Click for Update



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Sunday, April 11, 2021

Week Ending 4/9/21:S&P and Dow new highs. Lumber still climbing.

 the S&P and Dow made record highs this week.  Bonds are looking bullish and the yield has a vM below 1.5%, which should be good for stocks.  Lumber still rising and copper looks bullish.



The S&P hit several shorter term vW target prices.
Short term vW's to 4166.25 and 4212.75 are4 triggered,
along with longer time frame vW to 4394.75



The Russell has several short and longer term bullish patterns from 2344.1 to 2581.3
vM to 1830.3 is formed.  New highs will trigger.
Click for Update



Bonds have triggered vW's from 187'06 to 193'25



Bonds have formed a vM to 1.434



Gold looks like it is trying to bounce from prior vM at 1672.
If cant hold the 1672 area, expecting 1615-1588 and vM to 1385.7 will be triggered.





Lumber launching again.  
Hit vW to 1135.5



The Dollar looking like it wants higher.  
vW's 94.940 and 98.135 are triggered. 



XLF has formed short term vW's from 35.45 to 37.37
Also has large longer term patterns to 39.85 and 44.96
Small vM's to 32.56 and 30.45 have formed.



BTC formed vM's to 45916.60 and 38834.65, new highs will null.
Still has several vW's and bull flags higher.
Click for Update
















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Week Ending 4/1/21: Easter weekend. Dow and S&P new highs. Lumber looking to launch again???

The Dow and S&P made new all time highs.  Bonds look to be bullish as well and the 10 year yield looks to be forming vM towards 1.5%.  Lumber looks like it could be setting up to launch again.



 The S&P broke 4000
vW's to 4074 - 4212.75 
along with longer term 
vW 4394.75 are triggered.



The Russell is sitting between short term patterns to 2581.3 and 1830.3
Longer term vW's to 2374.1 and 2478.1 are triggered.



Bonds have formed a vW from 187'06 to 193'25



10 Year hit small vW 1.770 and hass turned down.
Looks like could be forming vM towards 1.5, with bonds lookiing bullish
Still has longer term vW to 1.846 triggered.



Gold looks like it is trying to bounce from prior vM at 1672.
If cant hold the 1672 area, expecting 1615-1588 and vM to 1385.7 will be triggered.



Copper still fighting between several short and longer term patterns both directions.
It's looking extended, but the sideways action has also formed a bull flag if breaks out. 



Oil has short term patterns both ways.
It's currently above th 10 ma,
but needs bullish price action to avoid the\
10ma crossing below the 50ma.



Lumber looks like it wants to breakout and go crazy again.
vW's to 1135.5 to 1338.9 are triggered with positive MACD 
and moving average construction.



The Dollar looking like it wants higher.  
vW's 94.940 and 98.135 are triggered. 



XLF has a large longer term pattern to 39.85 and 44.96
Small vM to 32.56 and 30.45 have formed.



BTC formed vM's to 45916.60 and 38834.65, new highs will null.
Still has several vW's and bull flags higher.
Click for Update


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Saturday, April 3, 2021

Week Ending 2/26/20: Ripped into close Friday

Stock indices had a rough week, but ripped into the close Friday.  S&P and the Dow are near all time highs.  Bonds look like could be in an uptrend.


The S&P has several vW's above 4000 formed and/or triggered.
It is testing its 10 ma after making all time highs, and has a small vM to 3826.25



The Russell is still below it's 10 ma.
vM to 1830.3 is formed.
vW to 2346.1 has formed,
and several to new all time highs.
 



Bonds have formed a vW to 187'22 and 190'03



10 Year yield has vW to 1.846 triggered.



Gold looks like it is trying to bounce from prior vM at 1672.
If cant hold the 1672 area, expecting 1615-1588 and vM to 1385.7 will be triggered.



Oil fell further early in the week, nulling vW to 69.20,
and then traded sideways with big swings.
vM's to 57.15 -50.68 are triggered.



The Dollar hit vM 92.295
vW to 94.940 is triggered.



BTC has several short term vW's higher from 59590 to 60840.
Has mid term vM to 45916.0 and vW's to 64374 and 73351.
Also has bull flags to 71664 and 84788 that are working.
Click for Update



























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