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.

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.



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

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%



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

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.