Sunday, January 9, 2022

Week Ending 1/7/22: 10 Year Yield breaking out

 The S&P hit vM 4691.25
Has formed and triggered vM to 4494.25
Longer term vW's from 4875.75 to 4960 are still triggered.



The Russell continues to look weaker then other indices.
Has short term vM's to 1997.1 and 1882.7 that are close to triggering.
Still has several longer term vW's from 2478.1 to 3059.5



Bonds fell this week. 
If can't hold 187'15 expecting 182'12



The 10 year yield broke out, nulling vM's lower
and triggering yields as high as 3.167%



Oil formed vM's to 61.69 52.55 and 41.34
Several longer term vW's from 85.87 to 114.07 are triggered.



Lumber looks like it wants 1320.3
and if breaks above that it'll likely test ATH's



The dollar has been trading sideways. 
See if heads towards vM 94.195 or bull flag to 99.785



Banks formed and triggered vW 44.32 and nulled vM's 36.00 and 34.44
vW's 41.36 and 42.52 are also triggered.



Bitcoin fighting with necklines for patterns both ways.
vM from 39477.26 to 19747.81 are triggered.



Ethereum hit 3041.34and has so far bounced. See if holds, 
otherwise expecting 2732.47 and if can't hold prior lows there, 
expecting 2231.86
Still has vW's to 5090.90 and 6536.27 if remains above 1700






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