The US Dollar Index (DXY) has gotten off to a rip-roaring start to 2024. Up more than 2% on the year, the greenback’s ascent comes after significant declines over the final handful of months in 2023. That is usually a headwind for equities, particularly shares of companies domiciled overseas. Not surprisingly, we’ve seen many foreign index funds suffer relative to...
Macro Monday 26 Global Index’s Breaking Out As its Christmas Eve I wanted to do an early release for tomorrow and share something positive and Christmassy but at the same time share something of value, so here is a look at some of the major global ETF index’s and how promising they appear towards the end of 2023. A clear sector stands out. Vanguard Total...
the chart posted is the spy we dropped in an abc decline into the sept 21/23 panic cycle it has the world so trapped in PUTS see 20 and 10 and 30 p/c I am 100 % LONG 4731
Cycles now point to a decline of 5.6 to 6.3 weeks .Fib we are nearing a .382 and almost a =c within a alt of an ABC . ALSO WE ARE NEARING A MATCH TO THE FIRST LEG UP 2009
Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times...
Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000...
THIS is the Top wave structure as stated back about 10 days ago a cycle peak due sept 10/12 I would now look for another drop into the 9/15 /16 and then the LAST RALLY BEFORE THE CRASH Panic cycle as stated in 12/28/ 2021 forecast OCT 4TH TO THE 20TH FOCUS 10/10 PANIC AND ???
We have now most likely seen the turn . we will for the most part have the Bulls staying it is a re test and a bear trap into this OCT . But it is not most of the rallies going forward until we drop in 2700 to 1890 on the sp 500 will at most be.382 to 50 % . The Battle between Inflated assets { Debt based } And Food costs due the...
Wave structure is rather clear as the BEARISH wave count is now TOP DOG ! Look for a major drop to have started WORLD WIDE
So far the first leg of the bear market has come to an end we had a very clear abc rally for wave A up we should now see an abc drop into a new low at which time I will be going long once again the last wave gave us my 10 to 14 % based in the trow and qqq and perfect in spy target 393 . I have taken profits on ALL trades and will wait till july 5th ....
It's finished. we see bullish signs but it is not enough the world is upside down and so will the markets be once they catch up to reality. AMEX:VT CRYPTOCAP:TOTAL COINBASE:BTCUSD AMEX:VTI AMEX:SPY OANDA:XAGUSD OANDA:XAUUSD TVC:USOIL FOREXCOM:USDRUB OANDA:USDCNH SP:SPX CURRENCYCOM:US100
I have been posting that the spring and a date jan 27 time frame would be an event I feel that the downside is focused at gold ratio support and max fear this is wave A within the bear market the final low is due oct 4 of this year but we are near the bottom and will soon see a rally for a few weeks after this cycle is ended .I will post detail later...
VT is World ETF & VEU is EX-US. Since 2008 With VT has greatly outperformed up 100% while VEU (EX-US) is only up 19%. Clearly, large excessive deficits and QE have flowed into the US since 2011. Now we are seeing 2 possible bearish structures. VT has a lower high possible M pattern, while VEU has a Head and shoulders pattern. This week will be important to see...
VT is running minute wave 3 of minor wave 3 of the primary 1 impulse wave down. Downward move may gain momentum. The long term correction in the world index etf should reach more than % during at least the next 2 years.
The Dow Jones's Weekly RSI is Turning Down From Overbought Territory. I went short one DJI future last week which did well. I opened an SDOW position in my 401k which got stopped out around breakeven after the overnight rally extending into Friday's daytime rally. I went short another future Friday at $23410. The US central bank has stopped quantitative easing...
The Global Stock Market's Monthly RSI is Hitting a Top in an Overbought Position. This is dominated by US equities. There is no etf to short this index in my 401k. I am currently short one Dow future. Trying to short the US market has not been very rewarding so far. I will start shorting it more going forward. I watched my 401k fall a lot in 2008 and...