Davy_Dave_Charts

Davy_Dave_Charts

Following the same plan that I had for the C-Fund (SPX), went to 100% G-Fund due to entry into supply zone and CPI report. Once escape from supply occurred, waited for respect of the structure and support at 150 DMA to re-enter. Moved 50% of funds that were in G to the S Fund.

Davy_Dave_Charts

Erring on the side of caution, inter-fund transfer of 100% to G fund due to CPI report. Friday, moved back to 50% C (SPX) and 50% S (DWCPF) due to support at 150 day MA and break out of supply zone on daily time frame. Watching closely the 4300 range for potential reversal and, once confirmed, inter-fund transfer back into the G fund.

Davy_Dave_Charts

After being rejected 3 times around the 13/48 and 21/34 EMA clouds, I'm going under the assumption that this is a deadcat bounce unless it bases above these clouds.

Davy_Dave_Charts

Price keeps being drawn to 78 like a magnet. Riding 9 EMA support, this looks like its ready to break out. High inflationary / High interest rate environments, great for energy. OPEC unable to meet its previous production quotas, much less the recently raised benchmark. Geopolitical conflict in Eastern Europe... Energy is the sector now.

Davy_Dave_Charts

Current PT $80.00. Consistent bounce off the 30Wk EMA. High inflation and interest rates good for energy.