GBP vs JPY

   

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

GBP/JPY PAIR  IS FOMRMING A TRIANGLE ASCENDING WATING FOR MORE LIKELY UPSIDE BREAKOUT TO HIT 182

HOUSING

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

Housing starts and building permits are trending lower, but are still pretty strong considering how far interest rates have risen

NASDAQ 100

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

NASDAQ 100 IS STILL TRADING BELOW THE 200MA BY FAR BUT TODY‘S SESSION IT MANGED TO CLIMB ABOVE  THE 50MA

XLK SECTOR

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

You may not be a "tech investor" but you must pay attention to how it is doing if you allocate to the major averages.  

CRUDE OIL

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

CRUDE OIL HAS A SOLID SUPPORT IN RANGE OF 92-93 IS ABLE TO BRING THE PRICE BACK  TO RETEST THE PREVIOUS PEAK AT 126.30

BITCOIN vs S&P 500

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

Historically BTC outperforms the S&P500 coming out of market bottoms, but we think there might be more nuance this time around.

SENTIMENT

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

The Fear & Greed Index stands at 24, signaling extreme fear in the US stock market

GERMAN DAX INDEX

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

GERMAN DAX INDEX IS FORMING A BEARISH CRAB PATTERN THAT COMPLETE   ROUGHLY AT 10885

INFLATION

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

Fed funds futures now showing an **80%** chance of a 100 bps move at the Fed meeting later this month--something that hasn't happened in decades

EQUITY MARKETS

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL

Asset managers and hedge funds have been boosting their short positions in US equity futures.