ValuePig

ValuePig

tracking all 3 major indices priced in gold, we can start to speculate where the dip could happen. dow to gold seems to be the worst of the three, possible dragged by energy and financials. Markings show a negative divergence in rsi vs the price action. Of course speculation on reversals is stupid and risky, but I still enjoy this hobby :D

ValuePig

too early to tell if silver is done declining, but there are optimistic signs. Volume and indicators are turning positive. DXY dollar saw some selling. Gold and Oil have been strong this week.

ValuePig

Chinese growth names like BABA, BIDU, JD, TENCENT, have been destroyed in past weeks and months, while US indices stay high in the sky. Will the spread between Chinese tech and US tech slow/stop or reverse? Some of the Chinese names look attractive growth wise compared to the premium prices in US tech. Time will tell.

ValuePig

Will bitcoin pop through 50k and resume the long term uptrend through 60k? or will it bump its head and dip to test support. We will soon find out. other cryptos are similar price action set ups (except cardano adausd which broke out). But bitcoin will be the most widely traded and widely important for the major trend.

ValuePig

My bias is down big first before going higher down the road. This looks like a resetting of the bearish trend to me. If 50k fails and dips, then the big pictures looks like we are making a right shoulder and the bear trend would continue back to test 30k. I could be massively wrong and BTC goes all the way to highs. 50k is the line in the sand. Let the price...

ValuePig

IWM cant seem to make it back to all time highs like the major indices. Potential bearish wedge formation set up. Usually there is an attempt higher that if fails causes dip to wedge support. My best guess and view is that IWM tries to rise and fails and then dips to support. Disclaimer: I know nothing and cannot predict the future, listening to me will lose...

ValuePig

One of the most important, if not the most important market, the dollar is battling for the next chapter in its history. With the current environment of CPI over 5%, more stimulus in the works, FED still sticking to buying assets, Low overnight rates, and large growing national debt ceiling on the table again, the dollar is a big deal right now. My bias is a...

ValuePig

Silver selling off in mini crash today does not violate the big trend in silver for last 2 decades. price discovery is taking place in silver to see where support is. If and when support is found, silver will hold ground and attempt to push through the overhead resistance at the 30 price level. Currently 22 and 27 seem to be the important levels to break out of.

ValuePig

1600-1700 still support zone. gold needs to gold here, but this might be some sort of capitulation to build support upon.

ValuePig

dow to gold ratio over 100 years show stocks compared to inflation. gold nominal or normal show gold in dollar price. gold over m2 shows gold compared to the m2 money supply or inflation adjusted gold as far back as 1980

ValuePig

palladium over gold is looking heavy with selling pressure. palladium is positively correlated to risk markets like stocks and crypto while gold is more of a safety asset.

ValuePig

30k support being tested.

ValuePig

momo reported good strong earnings numbers. still price doesnt seem to reflect growth. price values low price to sales and price to earnings.

ValuePig

bitcoin chart is continuing to threaten lower. 20k in site. bullish trend would need rise above 50k to change trend.

ValuePig

corporate debt etf, mbb mortgage backed securities, and tlt treasuries all have similar price action. could the fear of inflation be hitting the debt markets and be the cause of future stocks sells offs as risk taking fades in both?

ValuePig

After Elon tweeted it will no longer accept bitcoin as payment for cars, Bitcoin is selling hard to the support line at current prices. High probability that the selling could continue in this profit taking environment as inflation fears uptick on cpi info.

ValuePig

chart of percentage of stocks over 200 day moving average. chart show many more than usual stocks are above their 200 day moving average. also, volatility and implied volatility is low.

ValuePig

HMY Harmony Gold as been in downward channel and is near supporting moving average 200 ish MA. Watching for bullish behavior. Stock is relative inexpensive in price to sales and future price to earnings. If inflation theme continues, gold stocks will have favorable demand and sales growth potential.