We anticipate a Larger SELL in Crude Oil, the Curve is on deep Contango into Seasonal in December. Ideally we would like to sell 73 short term.
In additional to Wells Fargo - more than one dozen additional Banks have reduced Lines of Credit (LOCs) - the prior contraction in Personal Credit occurred two weeks before the previous Retracement South. We anticipate the Net Effect will be Negative with an abrupt reduction in M2 into the end of August.
There is a great deal to be concerned about speaking broadly. Price erased 35 days of gains quickly - the first warning. Asia continues to absorb Dollars at a higher than usual rate. We have a very Large Lick setting up in VX Complex, one that will provide extremely large gains into August and through October. VXQ - 1975 1955 1935 1920 1895 are the levels to...
There is far more to "markets" than Charts. Risks appear as IF unknown when all eyes are focused upon Charts - this has been demonstrated time and again. Yet it remains mostly ignored. There are immense Risks to the Equity Complex. Today is a Prime Example of Wall Street getting its fills for the upcoming correction - it will be swift, violent and...
A solid Hedge for VIX Complex Traders is the VXX. VXX is comprised of Short Volatility Instruments - M1 (or Front Month of VIX Futures Contract "July" until tomorrow's settlement) and M2 (August VIX Futures Contract). Yesterday we observed the Short End of the VIX Curve trade to "Par" where July and August traded to 2460 simultaneously. The Short End of the...
29233 will provide more information for a retracement. Gaps overhead for the Indices can be filled, pulling BTC along for the Fill. BTC is quickly approaching the 29233 level ahead of 10AM EST at which time we will see if support arrives. 30,000 was an important PSY Level for HODL, presently BTC is trading down 4.2%. July is a pivotal Month for BTC, Price...
Cascade Event on ES should the cross. ES TGT 3912
Since January there has been a stealth accumulation out the Curve. In March it began to quietly accelerate. While Algo's drove ZN into the 131s, buyers were gobbling up each and every drive lower, building an outsized position which saw Volume peak in May from May 2nd to May 31st. Dark Pools began their acceleration in March. There is a clear trend deeply...
With Impeccable timing, Telsa Witch Kuh Kuh Woods increased the "innovation" ETF's holding of Tesla. TSLA is presently off 2.22% and with a break of 500 looing large for the EV edifice and Consumers pulling back on all segments of spending, TSLA is ripe for a large decline. Crude Oil's range has expanded to 42-77. This is not going to assist the TESLA Witch no...
The Potential for a Squeeze in BitCoin is rising. 30,000 lets go and Sellers will indeed press their luck should it fail. Selling throughout the EU Session has gained momentum as the VIX broke it's UTL by 4 Ticks. We had issued a cautious note on Indices into July 20-22, 2021 as tensions were beginning to mount in the South China Sea. RTY has failed IT...
Deep Learning, Data Center Paradigm Shift, Digital Wallets, Virtual Worlds, Bitcoin Transition, EV's, Autonomy, AeroSpace, SLA (aka 3D Printing) and Genome Science. To ARK's credit - Transparency is not an issue, providing relevant and timely information to Investors is a large "Chit" in CW's corner. To ARK's debit - Youth, relatively new to Investing has...
National Currencies in the European Union? Hmmm... Good Luck in the Short Run, the disarray will be compelling viewing. European officialdom is now reeling from THE outbreak of apostasy within its own ranks. Adios Angela and a subtle reminder of 2010: " It is an existential test and it must be overcome ... if the euro fails, then Europe fails,” she said 11...
The European Union is setup for yet another series of Defaults. After the Cypress Test, the Greek Crisis and Italy, France, Spain and all members of this dysfunctional Union. It can hardly be referred to as Economic as it remains the most dysfunctional series of entanglements ever created. Nationalism - is gaining traction once again, having failed miserably...
The important Context of "Pristine Collateral" as we have addressed repeatedly is the Salient Issue - The Return of Capital. The availability of T-Bills remains in an extremely short supply. The Federal Reserve - $230 Billion at last disclosure. The United States Treasury - $0. T-Bill terms of 4, 8, 13, 26, and 52 weeks for issuance have seen the...
Ethereum's Co-Founder - Anthony Di Lorio intends to divest his interests in DeFi and Crypto. DL was a pioneer, the settlers are moving on his stake in advance. DeFi has a promising Future in our humble opinion - with 1.72 Billion people on this blue ball spinning through space and time - there is opportunity, far greater than is being realized by most of...
This will certainly upset some traders, it is not intended to in any way - rather we perceive this as Opportunity. There have been several corrections to BitCoin, significant entries, which provided immense gains for those who closed positions in solid profits. A sincere congratulations to those Traders. The prior Analogues are quite dramatic as well as quite...