Technicals suggest the NASDAQ 100 could move higher
2021-04-30
2021-04-29
S&P 500 EARNINGS ESTIMATES
Morgan Stanley expects S&P 500 earnings to rebound to $175 in 2021 and $193 in 2022
DOLLAR INDEX
؟ DO U THINK WE CAN SEE ANOTHER LOW BELOW THE LOW OF 89.20
! TO AVOID THIS POSSIBILITY
DOLLAR SHOULD REMAIN INSIDE THE ASCENDING BROADEDING WEDGE, THEN HOLD ABOVE 89.67
2021-04-28
EURO
Euro climbs to >$1.21, the highest level since Feb2021 after dovish Fed.
Copper to Gold Ratio
The copper to gold ratio suggests higher 10-year UST yields
Most Valuable Companies
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
Apple remains the most valuable company in the world
2021-04-27
IPO ACTIVITY
PO activity tends to be slow in the early phases of a new bull market, but that's not the case today
NVIDIA
NVIDIA IS FORMIN CRAB SELL PATTERN , THE 1.618 XA PROJECTION WITH 3.618 BC COMPLEMENT THE HARMONIC RESISTANCE IN THE 670-710 AREA
NOTE ,THAT THE 710 LEVEL DEFINE THE TOP RANGE OF THE POTENTIAL REVERSAL ZONE (PRZ) AND AFTER THE PRICE ACTION EXCEEDED THE B POINT (540 ) THE BREAKOUT SHOULD CONTINUE UNTIL THE COMPLETION POINT OF THE PATTERN(710)
BUT IF THE PRICE STALLED AFTER THE BAMM IS TRIGGERED, COVER UR POSITION
2021-04-26
TESLA REVENUE GROWTH
Tesla Q1 revenues were inline with estimates, up 74% over the prior year
GLOBAL MANUFACTURING PMI
Global manufacturing activity continues to look strong
USD/JPY
USD/JPY TESTED SUPPORT
KEEP UR EYE ON , BREAKDOWN THE UPTREND
2021-04-24
COPPER (CALL OPTION BUYING)
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
Similar to equities, there has been significant call option buying in copper
BTC vs USD
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
WE HAVE 2 INTERPRETATIONS, THE PRIMARY ONE IS ON THE DAILY BAR, SUGGESTS THAT, THE MINUT THIRD WAVE IS IN PLACE,AND THE MINUTTE FIFTH WAVE OF THIRD MINUTE WAVE WAS AN ENDING DIAGONAL, IF SO,WE ANTICIPATE A SHARP AND SWFIT DECLINE THAT USUALLY BRINGS PRICES AT LEAST BACK TO WHERE THE GIAGONAL BEGAN(NEAR 29000) AND USUALLY FAR FURTHER
ALTERNATIVE SCENARIO SUPPOSED THAT MIUTE THIRD WAVE ENDED AT 56550 AND PRICE IS STILL FORMING A TRIANGLE AS WAVE 4
AS ASIDE NOTE:: I MENTIONED EARLIER MANY TIMES THAT, THE FOURTH WAVE CORRECTION USUALLY REACH INTO THE ZONE OF WAVE 4 OF 3(PREVIOUS FOURTH WAVE OF ONE LESSER DEGREE).29000--41000
KEEP UR EYE ON THE NORMAL NEGATIVE DIVERGENCE(CONFIRMED BY BREAKS DOWN THE LOWER TRENDLINE OF RISING WEDGE( ENDING DIAGONAL) AND REMEMBER THE GENRAL RULE " THE GRAETER THE NUMBER OF NEGATIVE DIVERGENCES, THE WEAKER THE UNDERLYING STRUCTURE".(LOOK AT THE NUMER OF NEGATIVE DIVERGENCES ON THE RSI, ON DIAGRAM NO 1)
2021-04-23
RETURN
Equity prices tend to decline around US capital gains tax hikes, but are likely to be short-lived
2021-04-22
BUYBACKS
Share buybacks are on the rise and that's good news for stocks
DOGECOIN
ACCORDING TO AVAILABLE DATA,SINCE MARCH LOW 2020, DOGECOIN HAS COMPLETED FIVE WAVES UP ADVANCE AS INTERMEDIATE WAVE (1),THEN THE FIRST LEG OF -CORRECTION HAS STARTED WHICH IS LIKELY TO SETTLE INTO A RANGE OF 0.85-0.51 , BEFORE BOUNCING BACK TO 0.32-36 ZONE AND FINALLY ONE MORE PUSH DOWN TO 0.16-0.20 RANGE
2021-04-21
US INDUSTRIAL ACTIVITY
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
Monthly industrial production growth was 1.4% which increased from -2.6%, but was half of estimates.
Yearly growth spiked from -4.8% to 1%.
CRUDE OIL
CRUDE OILE HAS FORMED A CONTINUATION HEAD AND SHLOUDERS BOTTOM OR A TRIPLE BOTTOM, PRICE NOW IS IN A THORWBACK MOVE
EARLY EXIT ,WHEN PRICE MREAKS DOWN THE SHORT TERM UPTREND BELOW ROUGLY $61
2021-04-20
EPS
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
The US stock market needs earnings growth to rise in 2021 and 2022 as the global economy recovers
ECB BLANCE SHEET
ECB balance sheet hit fresh ATH at €7.522tn ahead of this week's meeting as Lagarde keeps printing press rumbling. Total assets rose by €7.9bn on QE. ECB balance sheet now equal to 70.3% of Eurozone GDP vs Fed's 36.3%, BoE's 37.4%, and BoJ's 130%.
US 10-Year Treasury Yield
Goldman Sachs forecasts the US 10-year Treasury yield at 2.30% by the end of 2023
2021-04-19
Earnings Sentiment
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
Earnings sentiment remains positive
Miles Driven
Has the pandemic changed driving habits in the US? It appears that Americans are now driving as much as before the pandemic
GOLD
GOLD FORMED A DOUBLE BOTTOM, IF UR AGGRESSIVE TRADER, U CAN ENTER A LONG TRADE WHEN PRICE CLOSES ABOVE THE TRENDLINE AT $1730
BETTER TRADE ENTRY MAY BE SIGNLAED WHEN PRICE CLOSES ABOVE THE PEAK BETWEEN THE TWIN BOTTOMS AT 1755 TO UPSIDE TARGET COULD HIT $1825
2021-04-17
BUILDING PERMITS & RECESSIONS
Building permits rose to 1,766 million in March. Before recessions, building permits tend to peak & then decline
BTC vs USD
AS WE NOTE ON THE CHART ABOVE THERE ARE MANY CONTINUATION INVERTED HEAD AND SHOULDERS INTO BIG RISING WEDGE,EVERY RETEST ON THE BROKEN NICKLINE OCCURED AFTER THE PATTERN ‘S TARGETS WERE DONE, EXCPET THE LAST ONE, PRICE SHOWED WEAKNESS BEFORE INVERTED HEAD AND SHOULDERS REACH ITS TARGET
BUT IF BITCOIN HAD REBOUNDED AFTER THROWBACK ,THE POTENTIAL UPSIDE TARGET WOULD BE HITTING 68500
STOP LOSS BELOW 56000 OR BELOW 52500
2021-04-16
US GOVERNMENT DEBT
More government debt tends to increase household net worth
US RETAIL SALES
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
In the past, real retail sales trended sideways before the recession began
2021-04-15
G10 CURRENCIES
G10 currencies are still undervalued versus the dollar
BITCOIN RSI
Bitcoin is looking strong at RSI 92. Still not above RSI 95 like 2017, 2013 and 2011 bull markets.
2021-04-14
GDP
Only the United States has a higher expected GDP than pre-pandemic
NVIDIA
NVIDIA HAS BEEN FORMING CRAB SELL PATTERN , THE COMLETION POINT OF THE PATTERN CAN BE CALCULATED BY 1.618 EXPANSION OF XA AT 710,
ABOVE 542 BULLISH BAMM TRIGGER WAS BORN UNTIL 690-710 AREA (COMPLETION POINT)
STOP LOSS PLACEMENT WOULD BE ABOVE 770
2021-04-13
VIX
Even though the VIX is retreating, investors still expect volatility to return to the market
S&P 500
KEEP UR RYR ON THE BOLLINGER BANDS SPIKES
CATCH MARKET VOLATILITY SPIKES, IT IS A GOOD SIGN FOR PRICE REVERSAL
2021-04-12
كل عام والامه الاسلاميه بخير بمناسبه شهر رمضان الكريم
كل عام وكل الامه الاسلاميه بخير تقبل الله صيامكم واعانكم على صيام شهره وعلى قيام لياله على الوجه الذى يرصيه
اعاد الله علينا الشهر الكريم اعواما عديده وازمنه مديده والاسلا والمسلمين فى احسن حال
اللهم امين
MICROSOFT
MICROSOFT AFTER ITS ACUISITION OF NUANCE COMMUNICATIONS STILL CONTINUE TO RISE,AS IT IS LIKELY TO HIT THE 255-260 RANGE OR MAY EXTEND TO 265
2021-04-10
GOLD
Second largest ETF capitulation in history – priors led to some massive rallies
• Weekly Hammers in Gold/Silver last week – moving higher this week
• Key Gold Miners leading higher
A potential significant contrarian Buy opportunity setting up for Q2 – watch closely.
GBP vs JPY
THE UP SLOPING TRENDLINE OF THE UPWARD PRICE CHANNEL IS STRONG RESISTANCE, BUT IF PRICE IS STILL HEADING LOWER, WACH CAREFULLY 148.5 LEVEL
IF PRICE CLOSE BELOW 148.5 UNEVEN OR UN SYMMETRICAL DOUBLE TOP IS IN PLACE
ALSO THIS PATTERN IS CALLED 2B BEARISH PATTERN AND U CAN USE IT IN EARLY EXIT
HERE BELOW 151.55 GET OUT OF LONG TRADE ,OR ENTERN SHORT
MAKE UR PLACEMENT STOP LOSS ABOVE 143.43
2021-04-09
GLOBAL STOCK
Global stocks ex-US remain below pre-Global Financial Crisis highs
CONSUMER SPENDING
Travel spending remains low, while goods spending across sectors are well above pre-pandemic levels
US TREASURY
The US Treasury cash balances at the Fed continue to drop as stimulus checks go out
2021-04-08
PURCHASING POWER OF THE US DOLLR OVER TIME
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
THE PURCHASING POWER OF THE US DOLLR HAS FALLEN SHARPLY OVER THE LAST CENTURY DUE TO RISING INFLATION AND MONEY SUPPLY
FEAR INDEX VIX
Fear index VIX drops below 17, lowest level since Feb2020 amid fresh S&P 500 record and complacent investors
APPLE UPDATE
AAPL IS STILL IN A COUNTER TREND, IF IT DOSN‘T END AT $130 IT WILL MOST LIKELY END IN 134-136 RANGE,THEN HEADING LOWER AS A SECOND LEG OF CORRECTION THAT COULD HIT 95-100
2021-04-07
GROWTH PROJECTIONS
Global growth is now projected at 6.0% in 2021 and 4.4% in 2022
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