Sunday, September 22, 2024

8/20/24: Fed lowered interest rates by .50

 /ES gapped up and made new ath's
Has formed and triggered vW's above 6k.



The Russell hit short term vW's. 
Does have vW's triggered to new highs.



Bonds nulled vM's 116'07 and 100'26 
MACD is crossing negative.



The Dollar has hit vM 100.175 and triggered 93.310.
If gets below 99, vM to 87.915 will be triggered.



The XLF hit long term and short term vW's from 44.96 to 45.57.
vW's to 53.94 and 55.34 are triggered.


Bitcoin has been mostly sideways, but is sitting inside a massive vW / Cup w/ handle.
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Sunday, August 25, 2024

Week Ending 8/23/24: S&P and the Dow close to ATH's

/ES has formed and triggered vW's above 6K.


/RTY has formed vM to 1717.2 as well as vWs 2184.9 and 2240.5
vW 2363.7 is currently triggered unless we make new lows.


Bonds rose above the head last week for vM's 116'07 and 100'26 
but didn't close above so aren't nulled yet.
MACD looks like could be turning negative.


Gold looks like it wants higher. 
vW to 2929.7 is triggered and bull flag to 2962 is still intact.
Several short term vW's from 2596.3 to 2637.6 are triggered as well.


The Dollar has hit vM 101.440 and  triggered vM's 100.175 and 93.310.


The XLF made new ATH's.
vW's from 44.96 to 55.34 are triggered.


Bitcoin hit vM 56,833 and so far bounced.
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Sunday, August 11, 2024

Week ending 8/9/24: Markets fell heavily on Japan interest rate cuts.

 /ES below its 200 ma on Japan worries. 
It fell through vM's 5296.5 and 5262.75.
Has formed vM to 4622.25 and if breaks Mondays lows, will be triggered.
Also formed short term vW's to 5581.5 and 5646.75



/RTY fell as well through vMs 2076.5 and 2029.1
Has formed vM to 1717.2 as well as vWs 2184.9 and 2240.5
vW 2363.7 is still currently triggered unless we make new lows.



Bonds also declined with the majors. 
vMs to 154'12 and 122'16 have formed.
Still has large patterns both ways.


Gold looks like it wants higher. 
vW to 2929.7 is triggered and bull flag to 2962 is still intact.



The XLF fell through all ma''s, but is back at the 10 ma


Bitcoin nulled shorter term vW's highs, but still has larger ones.
vM to 43,971 is triggered.




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Tuesday, August 6, 2024

Week Ending 8/2/24: Markets fell heavilly Friday

 /ES fell to its 200 ma.
vM's 5296.5 and 5262.75 are triggered.


/RTY fell to its 50 ma. 
vMs to 2076.5 and 2029.1 are formed.


Bonds shot up this week hitting vW 133'14.
vW's 138'24 and 161'03 are triggered.


The 10 year yield fell hitting vM 3.657%
vM's to 3.224% and 2.552% are triggered. 


Gold hit vW 2497.7
vM's to 2318.1 and 2225.1 have been nulled.
vW to 2929.7 is triggered.


The Dollar has triggered vM's 101.440 and 100.175


The XLF is testing its 50 ma.
vM to 41.41 is triggered.



Bitcoin has been in a sideways range but has triggered vM to 43,971
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Sunday, July 28, 2024

Week Ending 7/26/24:Russell, Dow , XLF outperformed while Nasdaq and MAG 7 took hits.

 /ES hit 5452.5 and retraced alot of the gap 5427.5 but didn't fill it. 
Has formed vM to 5202.75 and vW 5607.5


/RTY has a bull flag formed to 2523.3 and vW to 26426 is triggered.
Also has smaller patterns both ways.


Bonds still basically sideways with patterns in both directions.


Gold just missed vW 2497.7
Has formed vM's to 2318.1 and 2225.1


Oil is under it's ma's and the 10 ma is now under the 50 and 200 ma's.
Several vM's across different time frames arre triggered.


The Dollar has been moving sideways along with its ma's.


XLF has formed a bull flag to 46.11 if can break above 44.11
vW's from 45.57 to 55.34 are triggered.


Bitcoin has patterns both ways, but is near ath's.
If can break above ath's vW to 119,960 will be triggered.


MAGS gapped down and hit vM 44.02.
vM to 41.58 is triggered.
vM to 36.58 has formed.

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Sunday, July 21, 2024

Week Ending 7/19/24: Biden dropped out today(7/21)

 /ES has fell under its 10 sma.
Has formed vM to 5452.5
Longer term vW to 6045 is still triggered.



/RTY continued its rally hitting several vW's, but gave back alot of the gains Thurs and Fri.



Bonds still basically sideways with patterns in both directions.


Gold rallied early in the week making new highs but ended up giving it back.


Oil fell under its ma's, however they are quite consolidated.
vM to 66.33 has been triggered.


The Dollar is testing its 10 ma.
If can get above it vW's higher will be triggered.



XLF made new ath's.
vW's 45.57 and 53.94 are triggered.


Bitcoin has continued its bounce and is above all ma's.
vW's to 72,750 - 78,654 are triggered.
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Week Eding 7/12/24: The Russell was up over 6% while the Mag 7 was under pressure.

 /ES hit longer term vW 5656 and shorter term vW 5700.5 and so far reversed.
Has formed short term vW to 5780.5 and vM to 5633.25


/RTY rallied over 6% while the Mag 7 were under pressure.
Has nulled short term vM's lower and triggered vW's 2202.2 to 2363.7


Bonds still trading sideways with patterns both ways.


Gold rallied again this week with positive macd and just under all time highs.


The Dollar fell heavily this week and under all ma's


XLF made new ath's but hasn't closed above yet.
vW to 45.44 is triggered.



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Saturday, July 6, 2024

Week Ending 7-5-24: Magnificent 7 continue to carry markets. SPXEW looking ugly.

/ES is above all ma's and just below vM 5656.
vW's 5700.5 and 6045 are triggered


SPX Equal wieght looks more like the Russell,
which looks ugly and looks like it wants to roll over.


Russell continues sideways but is falling below ma's.


Bonds trading sideways as well. 
Smaller patterns triggered both ways.


Gold rallied this week with macd curling up again. 
Looks like wants to test all time highs again.


Oil bounced after hitting vM 74.42
Has longer term patterns both ways.


The Dollar is testing its 200ma. 
MACD is curling down.


Bitcoin fell through vM's 30,046 and 55,978 but just missed vM 53,341.
It also nulled vW 87,152
If doesn't continue bounce from here, 
it will likely see 48,841 and 43,971
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Monday, June 17, 2024

Week Ending 6/14/24: (Published Monday AMC) S$P and NAsdaq made new highs while Dow and Russell Sideways. NVDA split.

 /ES gapped up and made new ath's again.
Gap fill would be 5427.5
vW's from 5529.5 to 6045 are triggered.


/RTY  is below all dma's
Has short term patterns both ways. 
MACD has turned negative.



/NQ gapped up making new highs and hit vW 19880.75.


/YM hit vM 37671 and is currently testing all ma's which are convered.
vM's to 38115 and 36764 will be triggered below 38800.


Bonds rallied above all ma's hitting vW 128'30.
Short term vW's to 131'02 and 133'14 are triggered.


The 10 year looks like it wants 3.931%, 
which will trigger vM to 3.224%



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Tuesday, June 11, 2024

Week Ending 6/7/24: S&P and NAsdaq made new aths nut the Dow and Russell looking ugly. Gold and Oil below major dma's

 /ES has made new ath's again.
Has formed short term vM to 5311.75
vW's to 5529.5 to 6045 are triggered.


/RTY  is below all dma's
Has short term patterns both ways. 
MACD has turned negative.


Bonds rallied for the week but closed back below the 200 dma.
dma's construction looks bullish unless price drops heavily.


Gold fell heavily Friday triggering vM to 2190.9
and dipping below the 50 dma.


Oil hit vM's to 76.78 and 74.42 hit.
Is currently below all dma's 
Has longer term patterns both ways.


Bitcoin has retaken all dma's with bullish MACD. 
Has a W to 77302 and vW to 78654 is triggered.
Formed vW to 87152
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Sunday, May 26, 2024

Week Ending 5/24/24: NVDA over 1k on earnings. Some ath's made.

/ES has made new ath's with NVDA earnings.
Has formed short term vM to 5179.25
vW's to 5656 and 6045 are triggered.


/RTY  is below 10 dma and tested its 50 dma and so far held. 
Has short term patterns both ways. 
MACD has turned negative.


Bonds pretty much sideways for the week.
Testing all dma's, but currently construction 
looks bullish unless price drops heavily.


Gold took out recent highs nulling vM to 2156.4
but then tanked creating M to 2133.6


XLF made new ath's and is back to testing its 50dma.
Formed a vM to 39.86 and still has a few vW's higher.


Bitcoin has retaken all dma's with bullish MACD. 
Has a W to 77302 and vW to 78654 is triggered.


NVDA gapped up above 1k on earnings and announced a stock split.
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Sunday, May 19, 2024

Week Ending 5/17/24: S&P, Nasdaq and copper made all time highs, with the Dowand XLF close. Russell has a ways to go.

 /ES has made new ath's with bullish macd and ma construction.
Has nulled shorter term vM's lower.
vW's to 5656 and 6045 are triggered.


/RTY is in an uptrend, but still 15% away from ath's. 
Above 2167 will null shorter term vM's lower.


/UB sitting at the conjunction of major dma's.
Needs to get above the 135 area.


The 10 year is at dma's conjuncture as well.


Gold looks like it wants to test ath's again.
Short term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962


Copper has made new ath's and nulled vM's to 2.7795 and 1.9895


Oil hit short term vM 76.78 and MACD trying to curl up. 
vM's to 76.78 and 74.42 are triggered with bearish MACD.
Has longer term patterns both ways.


The Dollar is at ajor dma's as well. MACD still bearish.
Has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
vM to 97.165 remains triggered.


XLF just under ath's
vM's from 38.7 to 36.78 have un-triggered.


Bitcoin has retaken its 50dma with bullish MACD. 
Has a W to 77302 and vW to 78654 is triggered.
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Week Ending 5/3/24: Stocks and bonds have retaken their 10 dma and macd bullish crossover.

 /ES has regained the 10dma and is testing the 50 dma with MACD curling bullish.
Has formed/triggered several shorter term vW's near all time highs.
Needs to hold recent lows at 4963.5 to avoid further selling towards vM 4850.25 to 4621.75



/RTY hhas retaken its 10dma with bullish MACD and testing its 50dma.
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 have un-triggered.
vM to1714.4 formed.



/UB has retaken its 10 dma with bullish macd,but still below the 50 and 200 dma's
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above dma's.



The 10 year fell below its 10dma with bearish macd and looks like wants to test the 50 and 200 dma's



Gold is consolidating after hitting longer term vW to 2416.1 with bearish macd and and forming vM to 2156.4 
Short term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962



Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are triggered with bearish MACD.
Has longer term patterns both ways.



The Dollar has fallen below its 10dma and testing its 50dma. 
Has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
vM to 97.165 remains triggered.



XLF istill battling 10 and 50 dma's
vM's from 38.7 to 36.78 have un-triggered.



Bitcoin fell nulling vw's higher but has bounced back above the 10 dma. 
Has a W to 77302 if can retake the 50dma.
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Sunday, April 28, 2024

Week Ending 4-26-24: Does the bounce continue?

 /ES bounced this week and has formed/triggered several shorter term vW's near all time highs.
Needs to hold recent lows at 4963.5 to avoid further selling towards vM 4850.25 to 4621.75


/RTY has hit its 200 dma and so far bounced. Needs to retake 50dma. 
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 have un-triggered.
vM to1714.4 formed.


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above dma's.



vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold is consolidating after hitting longer term vW to 2416.1 and MACD is trying to curve negative.
Shorter term vW to 2497.7 is triggered, along with longer term vW to 2929.7 and bull flag to 2962


Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are formed with bearish MACD.
Has longer term patterns both ways.


The Dollar has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
MACD however has made a bearish crossove. See if continues lower or reverses.
Price is currently above all dma's and the 50 dma crossed above the 200 dma.


XLF istill battling 10 and 50 dma's
vM's from 38.7 to 36.78 have un-triggered.


Bitcoin is below its 50 dma and the 10 dma has crossed below it.
MACD is below the zero line but is trying to curl up.
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Sunday, April 21, 2024

Week Ending 4/19/24: Markets spiked lower on Israeli news, but has mostly recovered. Could see a bounce here, but still looks overall bearish.

 /ES fell below its 50 dma hitting vM's 5048.75 and 5015.5
Has formed small vW to 5146.75, but new lows will null.
Hs triggered vM's to 485.25 and 4788.5 and has triggered vM 4621.75


/RTY has hit its 200 dma and so far bounced. 
vW to 2244.2 is still intact, but new lows will null.
vM's to 1925.6 and 1794.1 are triggered with vM 1714.4 formed.


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above sma's.


vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold is consolidating after hitting longer term vW to 2416.1 and MACD is trying to curve negative.
Shorter term vW to 2497.7 is triggered, along wth longer term vW to 2929.7 and bull flag to 2962


Oil spiked on Isreali news and is currently well below that spike. 
vM's to 76.78 and 74.42 are formed with bearish MACD.
Has longer term patterns both ways.


The Dollar has triggered vW to 111.280 and is close to triggering vW's to 118.520 and 119.275
MACD is currently playing along with price with the exception of slight negative divergence the last couple days.
Price is currently above all dma's and the 50 dma crossed above the 200 dma.


XLF is testing its 10 and 50 dma's which are right together. 
vM's from 38.7 to 36.78 are triggered.


Bitcoin is below its 50 dma and the 10 dma has crossed below it.
MACD is below the zero line but is trying to curl up.
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Friday, April 12, 2024

Week Ending 4/12/24 - Indexes and many stocks looking bearish. Yields, the Dollar, and metals are looking bullish.

 /ES is below its 10sam and testing its 50 ma with negative macd.
vM's to 5048.75 and 5015.5 are triggered.


/RTY Is below the 10 and 50 sma with bearish macd.
VM to 1899.3 is triggered inside vW to vW 2244.2 which is also triggered.
Below 1904.8 will null vW 2244.2


/NQ is fighting for its 10 sma after testing the 50 sma with negative macd.
vM to 17370 and vW to 19002.25 are formed.


/YM is below the 10 and 50 sma's with bearish macd.
The 10 sma is also crossing below the 50 sma.
vM's to 37671 and 36764 are triggered.


NVDA has been a major market player recently. 
It closed right at the 10 sma the end of the week and nulled vW to 1084.65
vM's to 817.04, 775.17 and 773.45 are triggered.
If doesn't hold 775 area, could easily see half gap around 715 and full gap fill at 680.06


/UB is below all sma's with are consolidated together with macd below zero.
vM to 116'7 is triggered, along with longer term vM's to 59'06 and 25'02
Does have vW formed to 161'03 if can get back above sma's.


The 10 year has vW's just above 5% are triggered with bullish macd along with vW to 5.890%


Gold hit longer term vW to 2416.1 and reversed for the day.
Is above all sma's with the 10 sma going parabolic with price.
Shorter term vW to 2497.7 is triggered, along wth longer term vW to 2929.7 and bull flag to 2962


Copper currently in an uptrend with several vW's above 5.
New highs will null vM's 2.7795 and 1.9895


Oil has vW to 97.40 triggered and vW to 120.29 is formed.
Price is above ma with bullish sma construction.


XLF was down 1.33% after JPM fell 6.47% on earnings.
Price is below the 10 and 50 dma's with vM's to 38.70 triggered and vM 37.76 formed


Bitcoin is testing its 50 dma at the end of the week after fighting with its 10 dma.
MACD is in a downtrend and close to crossing below the zero line.

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Friday, April 5, 2024

 The S&P hit vM 3713.75 and so far bounced. 
vM's 3495.5 to 2990.75 are triggered.
A low below 3639 will trigger vM2652.25



The Russell has formed vW to 2051.6 and a W to 2194.5
Needs to hold 1640 area to avoid further selling to 1518 and 1429



Bonds hit a long term vM 147'18 that formed from the highs in Mar 2020.
Has formed a short term vW 172'31 and MACD crossing above 0 line.



The 10 year has formed a vM to 2.016% right at a GAP 1.997%



Gold hit vM 1713.7
Needs to hold 1690 area, otherwise expecting further selling towards 1534.5



Copper has been falling heavily, but hit vM 3.2320
Needs to bounce from here.
If not expecting 2.7795 and possibly 1.9895



Oil hit vW's 116.43 and 123.13 and has so far turned lower.
vM to 82.67 is triggered and price is testing necline for vM to 71.29



Lumber has fallen as well.
I didn't think it would/could happen with oil either, 
but lumber has several vM's to negative territory.



The Dollar has hit longer term vW 105.17 and several shorter term patterns.
See if can reverse from vW 107.04
Has vW's to 118.520 and 119.275



XLF needs to hold the $30 area.
Otherwise expecting 24.47


















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