WVS_Stockscreen

WVS_Stockscreen

NAS100 has now fallen -10% from its recent peak so officially a correction and has hit 200 day MA and RSI at levels where historically rebounds of 5%-10% over a month or so timeframe have typically happened.

WVS_Stockscreen

NDX has now pulled back roughly 10% in the space of the last couple of weeks and has hit the rising 200 daily MA. Also looks like a wave 4. We could be close to a tradable low.

WVS_Stockscreen

Charts point to a run to the upside in Robotics over coming number of weeks.

WVS_Stockscreen

Looks like MAG 7 about to have another leg higher (circa +10%)

WVS_Stockscreen

The early part of Trump's 2nd term could be similar to that of the first term with a focus on a weaker dollar (DXY) with the main counterpart the EURO benefitting. We could see a 10%+ plus move higher in the EURO in 2025 despite relatively muted fundamentals and adverse interest rate outlook/differentials.

WVS_Stockscreen

Despite the scary sell off of circa 15% since last Friday's intraday high to this morning's capitulation low, the immediate term outlook for Bitcoin is still bullish. Daily RSI is still gaining support each time at 40 (typical of bullish set ups) and price is now back to nearly regaining the 10 day MA which is above the 50 which is in turn above the 200...

WVS_Stockscreen

Some people never learn. 93% RSI. Correction inevitable just a matter of patience and correct position size. Santa came early.

WVS_Stockscreen

I've been bullish the market for a long time and had a great 2024 but I believe the signs are now visible that the market is ready to take a breather. That may have to wait until the Xmas holidays or early new year but I suspect that in the first part of 2025 we could see a decent 5%-10% pullback which should present another buying opportunity for even higher...

WVS_Stockscreen

the Momentum ETF (MTUM) is showing signs of a potential top (at east an interim top for a 10% sized correction if not larger). Momentum is waning, RSI is diverging, wave patterns can count as complete and the market in general is looking stretched at least short term. Watch the main component stocks like JPM WMT NVDA ORCL for clues.

WVS_Stockscreen

The outsized upside moves we are seeing in recent days of more speculative names within the market (e.g. SOUN but also Bitcoin mining stonks on the back of BTC breaking $100k) are symptomatic of a nearing tradable top for many names and the market as a whole even if this is only an "interim" top, a decent correction is likely to follow in coming weeks (maybe into 1Q 2025).

WVS_Stockscreen

Looks like there is a good chance that small cap stocks (Russ2k) outperform large cap tech (Nas100) over the next 4-8 weeks at least

WVS_Stockscreen

Self explanatory. Very long term USD bullish but in coming months potential to see a 10% pullback in the USD.

WVS_Stockscreen

Self explanatory. Early stages if wave 5 higher for yields to 6%+ in coming quarters but likely to see a pullback to 4% in days/weeks ahead first.

WVS_Stockscreen

This is the spike in volatility I have been anticipating for a while (you can never pinpoint exact event). Can easily see a 50+ print on VIX this week. YOU MUST WAIT for the spike top before attempting to sell vol/buy risk assets but it should present a good opportunity.

WVS_Stockscreen Updated 

Most folks know my view on inflation and yields over a very long term horizon years++ (they are going HIGHER) BUT in the short/med term we could be looking at a RALLY in bonds (lower yields) in the weeks ahead. LONG TLT @ 90.80 with a stop below 88.80 and a target of 100. Reward/Risk 5:1

WVS_Stockscreen

Still viewing Silver as long term higher. Added to portfolio posn today at 29.95.

WVS_Stockscreen

Today could (repeat COULD - not confirmed) be the start of a turn for a period of small cap outperformance vs large cap tech. Came within 5% of my long term target so QQQ/IWM could still just be just pausing before one more leg higher BUT there could be a big rotation starting!

WVS_Stockscreen

I have chastised small cap analysts and FURUs over many years for their propensity to lure investors into smaller names vs large cap tech because the overall market is bullish and higher beta smaller stocks should outperform. They haven't. As my chart clearly shows it's been one way traffic for the last 22 years since the lows following the bursting of the dotcom...