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.

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.

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.