2021-11-30

BITCOIN SUPPLY

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How long is this divergence going to build?

US DOLLAR

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US DOLLAR AFTER ACHEIVED THE BOUBLE BOTTOM TARGET AT NEARLY 97, CORRECTION HAS BEEN TAKING PLACE 
NOTICE,  THROW-OVER PAIRED WITH DOLLAR IN OVERBOUGHT TERRITORIES SO CORRECTION  OCCURED
WACH THE TRAILING SUPPORT AT 95.20 (MIDLLE LINE OF A RISING CHANNEL). THEN  THE LOWER BOUNDRY OF A RISING CHANNEL AT 94.30

2021-11-29

FED FUNDS RATES

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Futures traders expect up to 3 25-basis-point hikes in fed funds rate in 2H next year. If rates indeed head higher in the latter half, using historical relationship with benchmark rates and SPX, and other things remaining the same, odds favor a rally in stocks. SPY

CRUDE OIL

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AFTER PANDMAIC LOW, OIL WAS IN UPTREND  IN FIVE WAVE RALLY UNTIL PEAKED AT $85.41,THEN CORRECTION HAS TAKING PLACE IN THREE WAVE DOWN AS WAVE TWO (2) 
FROM  85.41 HIGH , OIL HAS BEEN TRACING OUT FIVE WAVE DOWN , SPECIFICALLY IN MINUTE DEGREE THIRD OF THIRD OF MINOR WAVE A, THAT  COULD HIT $63
IF MY OUTLOOK IS CORRECT SO OIL WILL SUFFER  THROUGH THE NEXT FEW MONTHES, AND MAY DIVE INTO SHARP CORRECTION THAT POTENTIALLY TAKE PRICE TO  $45 LIMITS

2021-11-10

GLOBAL PMI

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Global PMI breadth is very impressive and encouraging

VIX vs SPX

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VIX vs SPX

WORLD FOOD PRICE INDEX

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Global food prices continue to surge

2021-11-09

CRUDE OIL

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CRUDE OIL AFTER HIT ITS HIGH AT $85.4 GET INTO A DECLINE THAT REPRESENT A FINAL LEG OF THE BULLISH 5-0 PATTERN  UTILIZES THE 50% BC RETRACEMENT AS THE DEFINING LIMIT IN THE SETUP AT $73.5
PUT UR STOPLIMITE UNDER $70

2021-11-08

TECH

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US investors are net underweight in the technology sector, while global investors are net overweight in this sector

TESLA

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 THE KEY QUESTION NOW IS. DID ELLON MUSK‘S TWEET REALLY CAUSE TESLA‘S SHARE TO DROP OR IS THERE A PATTERN THAT HAS BEEN COMPLETED SO TREND TURNS SHOULD OCCUR . ACCORDING  TO OUR MAIN EWP VIEW THE RECENT RALLY REPRESENTED THE FIRST WAVE OF THE FIFTH WAVE WICH COMPLETE AT 1233
SO CORRECTION THAT IS CURRENTLY TAKING PLACE IS THE SECOND WAVE
ALTRENATE CASE IS THAT THE  TREND ON THE BIG PICTIRE IS OVER AND WE WILL SEE A BIG CORRECTION IN TESLA

2021-11-06

PERFORMANCE

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How long will US equities continue to outperform the rest of the world?

ISM

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The SOX Semiconductor Index tends to track the ISM New Orders Index closely

2021-11-05

S&P500 P/E RATIO

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S&P 500 Shiller P/E Ratio ("CAPE Ratio") moves above 40 for the first time since 2000. 

CROWTH STOCKS

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Growth stocks have outperformed sharply in recent weeks

2021-11-04

SMALL CAPS

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Generally small caps tend to outperform when the US economy is growing. Could small caps regain leadership?

COMMODITIES

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Historically, commodity super cycles tend to last for years

EUR vs JPY

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EUR/JPY FORMED A DISTINCT BEARISH BAT PATTERN . AFTERTHE COMPLETION POINT  AT 133.50, THE PAIR REVERSED IDEALLY TO HIT THE FIRST DOWNSIDE TARGET AT 0.382 AT 131.39 , THEN THE SECOND TERGET  IS CALCULATED AT 0.618 AT 130 

2021-11-03

SEASONILITY

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The S&P 500 Index continues to track its seasonal pattern

VALUATION

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Measured by price to annual sales, US equities look expensive

COPPER

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COPPER STILL FOLLOWS THE TARGETS WE SET EALIER ON 24/2/2021, THE FIRST TARGET WAS AT 4900, AND NOW COPPPER IS VERY CLOSE TO TOUCH IT, THEN THE SECOND ONE AT 5250 
CURRENTLY COPPER MAY HAVE BEEN CONSOLIDATIND SIDEWAYS, THEN MOVE HIGHER TO THE SECOND TARGET AT 5250


2021-11-02

BOND VOLATILITY INDEX

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Here's an updated look at big rise in the MOVE Index (Bond VIX). It's back to levels last seen in April '20 when $VIX was near 54. Bond traders attempting to get out in front of the FOMC announcement tomorrow.

SENTIMENT

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The Fear & Greed Index stands at 77, signaling extreme greed in the US stock market

TESLA


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IN LAST POST ON 21/10/2021 I MENTIONED THAT THE STOCK FORMED  A DISTINCT BEARISH CRAB COMPLETED AT 1120. THAT WAS THE NORM CASE  AT  161.8XA, BUT THERE IS A SPECIAL SITUATION IN CRAB/DEEP CRAB PATTERNS WHICH PRICES CAN TOUCH  TH 1.92 XA , THAT IS CALLED  ADDITIONAL MEASUREMENT. IDO THINK TESLA IS FACING THIS SITUATION, HOWEVER PRICE COULD JUMP TO 1233 OR EVEN MORE AT 1245

2021-11-01

SHIB vs USD

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SHIBA/USD COIN AFTER HAS PEAKED AT 0.00008846 TRADIND IN SIDEWAYS MOVE, MORE LIKELY FORMING A TRIANGLE AS MINUTE WAVE FOUR THEN  PUSH HIGHER TO HIT A LIKELY 0.000091 OR EVEN MORE 0.0000109