Discretionary vs. Staples = Economy Bullish / Economy Bearish
Ratio rising = Discretionary > Staples
Ratio falling = Discretionary < Staples
Often a leading indicator of the 10yr yield (TNX)
Will continue to track this potential new signal.
The thesis is simple: Coinbase is the shovel to Bitcoin's gold-rush.
Bitcoin has arrived in the investment industry.
Lower Bitcoin prices spur sidelined investor interest.
Coinbase is the only platform sidelined investors have to acquire Bitcoin.
Winner take most world.
Stocks with the same business model: MSCI , SPGI , CME
By definition, a contrarian is going to be early, but in order to be successful, they can’t be too early.
It’s in this small window that greatness exists.
Dramatic increase from last week's $73.5 Expected Move.
We are gonna be a-rockin' next week.
Market Damage Report:
Damage thus far? Mild, it's absolutely mild. We've barely skinned our knee.
Contrarian bet against the onslaught of bond bears.
RH Technicals vs. WallStreet
- Clean, MACD Bullish Divergence
- Descending Triangle, Completed E-wave signals new trend.
- 61.8% Fibonacci Retracement hit; Also referred to as the Golden Retracement . It is, after all, based on the Golden Ratio.
- And potentially a False Breakdown, likely to mirror the False...
S&P tagged last week's expected move, decrease for the next week.
Watching Bonds and Volatility carefully.
VIX is carving out a base.
Earnings are coming in hot and heavy.
Good news is priced in. Risks of disappointment are high.
Don't chase this rally anymore folks.
Best of luck next week,