Crypto was weak today on the surging dollar. We saw altcoins and BTC selloff. A massive intraday bounce has occurred but will the support level hold. Crypto equities saw a bullish buy from the lows.
Natural Gas is tagging resistance. Will we see a reversal lower off this level, we think so. A potential stage 1 basing formation is nearing completion after this final shakeout.
Dollar Surging Reversal! Small caps Obliterated Oil Bullish Reversal.
Is Mara about to make everyone a millionaire? At the rate its going, it absolutely looks like it. Mara has moved up an extra 100% despite BTC not taking out its daily high close on December 5
QQQ / SPY New Closing Daily High Semiconductors Mixed * Transports weak DXY & Yields Continuing Lower
TUP broke out today on volume! AAOI 25% short float and getting its highest monthly close since 2018 IONQ Bullish potential pattern at play
Nat Gas Bulls cant seem to find any momentum continuation. Lots of chop and slop is forming on the daily chart. This choppy action could be shaping up for a new low after we get tag the next resistance.
Natural Gas saw a larger drawdown from inventories this week. Nat Gas had a higher weekly close! Stage 2 basing formation is still in play!
The markets marched higher here for an 8th consecutive week. this is the largest rally since 2017! The Nasdaq closed the week at its highest ever weekly close.
Short Squeeze stocks finally ended their epic rally! Could High beta stocks be signaling a turn in the market?
Nat Gas saw a decent 4% decline today. It made a lower high in the trend which leaves it vulnerable. Oil hitting resistance and turning negative.
25 Hours of Upside wiped out in 2 hours. Bearish engulfing candles everywhere. Yields Falling / Dollar rallying!
Nat Gas has had a nice move off the lows. its now into resistance and needs to hold a range before making the next move.
Bitcoin has put in a nice reversal off support! Its tapped this same support level twice & held. Some BitcoinDominance is being observed.
SPY +0.56% / QQQ +0.43% / IWM +0.04% Another rally with most sectors selling off! 7 Negatvie 4 Positive Tech valuation saturation continues.
The IWM & S&P500 is completely gone vertical; off the lowering of yields. Its like the fed Pivoted today, but really they didnt. Is this a Fomo rally or is the market fundamentals now turned Bullish? Bull Steepener vs Bear Steepener?
XLK 23 year trendline is still in tact... We may get 1 more blowoff move before seeing lower price action. Until we get a weekly close above that level we have to respcet the resistance!
Nat Gas inventories today showed higher consumption, Hitting technical support and oversold on daily RSI. Oil gained 0.5% but it was a weak bounce considering the Dollar was weak.