GOLD IS SLIGHTLY ABOVE WIDELY WACHED MA 50, TRADS ABOVE IT, SUGGESTING UPWARD BIAS IN SHORT TERM AND WHICH MEANS POTENTIALLY BREAKOUT KEY LEVEL RESISTANCE AT 1835 THEN SMACH THE CRUCIAL RESISTANCE AT 1900
2021-08-31
2021-08-30
EM STOCKS vs S&P500
EM equities look attractive relative to the S&P 500
US DOLLAR
OUR WORKING ASSUMPTION IS THAT THE US DOLLAR HAD FINISHED CORRECTION AT 89.5, AND BOOTOM IS IN PLACE. THEN DOLLAR SHOULD EXTEND ITS RALLY IN AN IMPLUSIVE MAANER. THROUGH THAT WAY DOLLAR IS BASED ON A DOUBLE BOTTOM OR POSSIBLE COMPLEX HEAD AND SHOULDERS TO START ANEW UPTREND AND CHANGE ITS DIRECTION FROM DOWN TO UP IN MEDIUM TERM , SO DOLLAR SHOULD BE BREACHING THE CRUCIAL RESISTANCE AT 94.65 TO BOLSTER THIS IDEA
FOR BOLD TRADERS CAN GET LONG ABOVE 93.38, TO UPSIDE TARGET NEARLY 98, THE OTHERS CAN JUMP ON THE TREND ABOVE CRUCIAL RESISTANCE AT 94.65 , BASICALLY TO THE SAME TARGET
2021-08-28
CORPORATE PROFITS
Do valuations still matter? The gap between the S&P 500 and corporate profits after tax remains very wide
APPLE
APPLE SHARE SINCE MARCH LOW 2020 HAVE BEEN IN A LONG UPTREND , IT DOES STILL HAVE THAT LONG TERM MOMENTUM BEHINH IT. DESPITE HEAD AND SHOULDERS TOP APPEARS INTO A GRAND SYMMTERICAL TRIANGLE, BUT IT HAS FAILED TO REVERSE THE UPTREND. AFTER HEAD AND SHOULDERS FAILURE, WE HAVE GOT A NEW UPWARD TARGET WHICH COULD BE HOVERING AROUND $170
NOTE THAT THE SYMMETRICAL TRIANGLE TARGET FAVOR THAT WAY
ALSO, FROM CLASSICAL PERSPECTIVE WHEN A CLASSICAL PATTERNS ARE FAILED THEY TURN INTO AN EXPLOSIVE MOVE IN THE OPPSITE DIRECTION
2021-08-27
2021-08-26
VIX SEASONALITY
Historically, the August-October period tends to see increased risk of VIX spikes
GBP vs USD
DOUBLE TOP IS STILL WORKING SO FAR , MAYBE WILL TURN INTO TRIPLE TOP OR HEAD AND SHOULDERS.
NOTE , STERLING AS LONG AS REMAINS BELOW MA 100, THAT INDECATES THE LIKILIHOOH OF BEARISH OUTLOOK ICREASE IN PROBABILITY
2021-08-25
US BONDS
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
Will US Treasury bonds continue to outperform the Russell 2000 for the rest of the year?
CONSUMER SENTIMENT
Consumer sentiment is a good leading indicator of the trend in the unemployment rate
2021-08-24
10yr UST YIELD
Goldman Sachs forecasts the 10-year Treasury yield at 2.50% by the end of 2024
S&P 500 EPS
Goldman Sachs forecast for S&P 500 EPS is $226 in 2023, and its S&P 500 price target is 4,900 by the end of 2022
2021-08-23
2021-08-21
US DOLLAR
Is the US dollar finding a support, as it tends to track the Fed - ECB shadow rate spread?
S&P 500
MA 50 HAS BEEN WORKING WELL MOSTLY , ESPECIALLY SINCE LAST NOVEMBER, DESPITE THE EXTENDED BEARISH NORMAL DIVERGENCE
2021-08-02
10y US YIELD
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
While the US 10-year Treasury yield tends to follow the direction of macroeconomic indicators, it has decoupled from fundamentals
BULL MARKETS
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
Could the current bull market be the fastest bull market ever to double?
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