NASDAQ:INTC has hit the 1st level. We are being strategic and locking in some gains. We are over 10% profit mark in a few days & Intel is above the gap fill area, which was the 1st tranche of selling. Still have a good sized position and wrote covered calls on 1/4 of the position. NASDAQ:SMH NASDAQ:SOX
Built a larger than normal position on #Intel. NASDAQ:INTC The sell areas are highlighted by the yellow circles. 1st tranche around 34.5. 2nd tranche around 43.5. 3rd tranche around 49. There will be a trailer left for a longer term hold/ This is with the hope that there is a turnaround in the company. The last gap fill is in the low 60's. NASDAQ:SMH
And there goes the the 2Yr Yield, it is whimpering. Unless something happens this is rolling over further. 10Yr Yield had a nice bounce but it is also rolling over. TVC:TNX is only 33 basis points from normalization! Short term #yield is looking very weak, 6 month and 1 Yr, not shown. More info see profile...
Good Morning!!! CRYPTOCAP:BTC is still in a range. It is currently higher from repurchase but not it is not going up in strength, trading this portion unless we see a change. What is needed to turn fully bullish on #BTC? RSI over 50, which is the orange arrow. $ flow positive trend, which is the grey arrow. #Bitcoin has 2 more weeks before the 6 month, 2nd...
Yields are pulling back a bit from the run they had yesterday. It was expected to have a bounce at the support levels. The 2Yr & 10Yr #Yield both look as if they want to settle a bit but time till tell . We will see how Yield reacts over the next few days. It is important as a crashing yield can mean higher prices all across the board in many assets. We've...
TVC:VIX analysis Weekly the VIX showed a doji last week. This showed a sign of possible of reversal. However, it has sputtered this week. Daily shows that weakness a bit better. We got the bump we expected but IMO the VIX EVENTUALLY, later in the year, falters. SP:SPX looks kind of dazed as well. CBOE:VXN AMEX:VXX
We have been showing this for some time now, couple months or so. This scenario is looking more and more likely as the days pass on.
Interesting that CRYPTOCAP:BTC sells off the largest amount in months right after we said there was more downside coming. #BTC is at a MAJOR support level so the bounce was highly likely. (Pls see pro pic for more info)
In less than one month it will be 6 months when CRYPTOCAP:BTC topped. Historically, this has been an important time frame for the asset. #Bitcoin is getting to the major support level faster than anticipated, yellow line. The time between big cyan colored arrows is IMPORTANT. #BTC close to oversold & TONS of $ has been taken out. Getting closer to a bottom.
Mortgage rates are looking as if they are about to get another drop, on dally chart. Daily not seen here. Please see profile for more information. The monthly chart looks like a Head & Shoulder pattern. Interesting. Could we be seeing a huge drop in #interestrates soon? Must keep an👀on this!
CRYPTOCAP:BTC retested the all time high & then sold off, as expected. The 2nd phase is the more important one and it is right around the corner. In a previous post we mentioned 3 and 6 months from ATH was a pivot point. #BTC will likely keep selling off until it reaches major support & that area is a is do or die time, represented by cyan arrows. #Bitcoin...
Let's see how the TVC:VIX does over the next few days/weeks. Still think it eventually breaks its major support level, at least temporarily. The 2Yr and 10Yr are crashing and following yesterdays drop. TVC:TNX #interestrates, as we said, will likely be cut, even if a little. They will most likely be raised again next year. Not political... Anyway, since we...
And there they go! The 2Yr bounced right at the support level, AGAIN It is forming lower highs though. 10Yr #yield looks a bit weaker that its counterpart. TVC:TNX In reference to the #interestrate post after the one quoted... The weekly up trend is NO LONGER BROKEN! TVC:VIX not moving much, interesting.
CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH > is about to go nuts, IMO. We spoke on the #BTC top some time ago & many #ALTCOINS cratered 50%+ after that. OUCH. Since then, we have turned somewhat bullish, few weeks ago. RSI looks okay & $ Flow bettering. IMO look into #crypto #AI & #Gaming
GOOD MORNING! The 2Yr & 10Yr have broken the triangle pattern we posted on long ago. The TVC:TNX (10Yr) has gone lower compared to the 2Yr in the same time frame. Again, natural normalization is still out the window! What does this point to? Will fed do what they are good at & mess it up again? --- Now look @ the 10Yr on a weekly chart! AH HA! Are Bond...
During the last few weeks the NASDAQ:NDX has been trading closely to $BTC. In fact, dare to say that #BTC is LEADING! Risk is waning again. We see #yields are dropping but are now at RECENT SUPPORT LEVELS! TVC:TNX Let's see how the next few days go!
Turned bullish on CRYPTOCAP:BTC during the beginning of May. Futures #BTC looks good but the volume is lacking a bit. RSI looks okay but not great. $ Flow is not that great either. Spot #Bitcoin = ditto. However, technically they look good, they are trading above their respective moving averages. What would seal the deal? HUGE volume breaking highs!...
The 2Yr Yield has cratered since our last post. As has the 10 Yr #yield $TNX. The pattern breaking, whichever direction, will give us an indication of the likelier direction that #equities will go. Is the US #Dollar giving us an idea?!?!?! You'd think CRYPTOCAP:BTC and AMEX:GLD would be moving better with the selloff of $DXY. Saudi watch...