Yogigolf

Yogigolf

Based on the current environment it seems something similar to 2014-2016 could play out. 2014 had a little flash crash like we currently just had. Defensive sectors look set to outperform which is similar to this period as well.

Yogigolf

Eventual destination for Bitcoin. Have we finally hit peak mania with NASDAQ:MSTR and the Bitcoin reserve? No other crypto is making new highs, interest and momentum is fading in crypto and it’s turned out to be a complete nothing burger. Every “cycle” for bitcoin is smaller and small, it’s now near inline performing with the Nasdaq 100 since its last peak. If...

Yogigolf

NASDAQ:META looks like it could go up until a catalyst hits to send it eventually down to the gap fill.

Yogigolf

Sector is looking very cheap and at the bottom of this very large trend. Good chance of outperforming next year.

Yogigolf

Very clear head and shoulders pattern on $NFLX. Looks like it will go to the bottom of the channel testing as low as the 200dma and previous break out.

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For some reason retail loves SPACs that lose tons of money. While I am not a perma bear, I’m more bullish then anything, a recession is upon the horizon with the yield curve deeply inverted. Who knows when it will occur, could be years away but when it does people will default on their loans as usual and SOFI will likely take a big hit. The street seems to agree...

Yogigolf

Pretty clear resistance, chart starting to roll over, targeting price volume profile and 200wma at about $190

Yogigolf

The AMEX:SPY has retraced to around the 78.6 fib area which is very often a area the market corrects after a large drop. This was also my target from many months ago from calling the bottom. We have been following a nice trend from the pitchfork channel and are at the top trend which should act as resistance. If we correct now with the correction finishing at...

Yogigolf

DXY is looking fairly bearish, looks like it’s going to go down to the bottom channel before a potential rise again.

Yogigolf

Based on the current part of the cycle we are at I would guess the market goes forward in a fashion something like this. The Fed is more less at the end of the rate hike cycle. Look back to history and you will typically see the market makes ATH before the recession hit and market crash/ correction. Such as 2006 the fed ended their rate hikes and the market did...

Yogigolf

People focus on the yield curve when it inverts but the recession occurs when it un-inverts. Fractal gives us idea of possible momentum.

Yogigolf

The Nikkei 225 has had a huge run and looks close to its channel trend top. Looking like a good short opportunity as it continues to rise close to the top channel.

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Google is looking relatively cheap fundamentally. It has also broken out of a falling channel we could consider a bull flag coming off the bottom trend and 200wma. I would expect this bull trend to continue.

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The final key bearish case I have for gold is real interest rates using the 10 year yield and subtracting core inflation. Historically gold was the must bullish when real rates are negative ( like they are now ), but when real rates went back to positive the marked the top for gold with a large correction. With inflation contracting substantially we should see...

Yogigolf

The SPX/GOLD ratio is one of the best long term indicators on when Gold/Silver are a good investment vrs the S&P500. It turns out the only worthwhile to buy gold was when this ratio hit the top trend. This has also marked the lost decades when the S&P500 virtually made no gains. And to the opposite the bottom of the channel has indicated a good time to buy the...

Yogigolf

Gold has a very similar look to bitcoin, if it does breakdown and test the former high like bitcoin did it could easily see sub $1000. I have some other charts leaning towards the potential bear case for gold I will post later.

Yogigolf

It looks like $AAPL is coming off a nice bottom and can have a nice rally until the upper trend line.

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Kellogg’s was a good performer in 2022 but looks like it’s rotating out of favour now. I expect a pull back to the 200wma which also coincides with a large price volume profile . I am personally just looking at buying if it comes down to those levels not shorting.