Summary: Equities were mixed as the US Dollar continues to strengthen against the Euro and Japanese Yen.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Wednesday, April 27, 2022
Facts: -0.01%, Volume lower, Closing Range: 21%, Body: 4% Red
...
I used an 80% retrace in 2022, though the 2000 retrace was worse as a percentage. The comp would fit with a deflationary crash if the Fed doesn't do an about face. I see the DXY moving up to 103.5 tonight and trying hard to break a long term resistance level to the upside. This is mostly a measure of other fiat currencies and heavily the Euro, so it makes sense...
Summary: Investors sold off growth stocks ahead of big tech earnings this week, fearing the worst for the outlook on future growth. Microsoft and Google painted different pictures with their earnings reports after the market closed.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
...
The market peaked in Nov and is in Bubble-Bust-Mode. DXY is breaking out upwards from a multi-year consolidation.
Looking back to the DotCom Bubble and comparing NASDAQ to DXY, DXY broke out near the equity peak and reached its peak when NASDAQ was near bottom of the crash. It's not a perfect correlation in shorter time-frames, but close enough that it may be...
I have been watching this pattern on .IXIc develop for over a year, and with much negative news influencing the markets, it looks like we may be close to a bear reversal in the medium trend.
The drawn pattern on NASDAQ shows almost identical two hump left shoulder. One property of a H&S pattern is symmetry, which seems to occur with the two humps on the...
Summary: Investor sentiment changed mid-day, reversing a gap-down open into gains across all major indexes by the end of the day.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Monday, April 25, 2022
Facts: +1.29%, Volume lower, Closing Range:...
12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA ) micro-target followed by the melt-up rally.
Linear local top: 19000
Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5)
*Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!*
ETA: Q1-Q3 2023
80% Bear Market follows - Target: 5150
Summary: Indexes continued to dip as investors absorbed the likely 50-basis point interest rate hike coming in a few weeks.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Friday, April 22, 2022
Facts: -2.55%, Volume lower, Closing Range: 3%,...
Summary: The Fed's Jerome Powell has spoken and a 50 basis point interest rate hike is practically certain. The day started out well but then equities slid as Treasury yields rose.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Thursday, April 21,...
Summary: Yields on longer-term treasuries dropped sharply today as did the US Dollar index. Growth stocks led the Nasdaq lower while the Dow Jones Industrial Average closed higher.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Wednesday, April 20,...
The Elliott waves counts would suggest that the 4th wave is completed at 12,557 and the current move is just the beginning of an upward impulsive 5th wave. A daily close above 13,998 will accelerate the upward trend and send prices higher to 14,250 and 14,510. Above 15,280 will make the upward scenario more credible and leave the door open for new highs.
Only a...
Summary: Strong earnings reports thus far in the quarter helped investor confidence in the market and push indexes higher today.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Tuesday, April 19, 2022
Facts: +2.15%, Volume lower, Closing Range:...
Summary: Stock indexes receded as treasury yields rose on the emerging likelihood of a recession in the next two years.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Monday, April 18, 2022
Facts: -0.14%, Volume lower, Closing Range: 57%, Body:...
Summary: Investors found reasons to be optimistic despite soaring inflation and a hawkish Fed. Oil prices soared again, but that was not enough the dampen the mood.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Wednesday, April 13, 2022
Facts: ...
Summary: We have our inflation data now as Consumer Price Indexes for March were released today. Large-cap stocks declined while small caps advanced.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Tuesday, April 12, 2022
Facts: -0.30%, Volume...
Summary: Investors sold both equities and bonds ahead of CPI data coming this week that's expected to show record-high inflation and more motivation for the Fed to act aggressively.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Monday, April 11,...
Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble
