


dailytaguy
PlusSPXUSD Daily cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *Equities Futures, Precious Metals, EURUSD and Cryptos are up slightly while DXY and US Treasuries are down before market open this week. All eyes will be on August CPI this Tuesday, if it comes in at consensus (8.1%) or lower, markets will likely rally in the near term; however, in the...
BTCUSD Daily cautiously bullish. Recommended ratio: 70% BTC, 30% Cash. *Cryptos are attempting to continue their rally into the weekend (surprisingly led by LUNA2) as we approach the week of the long anticipated Merge on Ethereum's mainnet. As economic data continues to improve and demand is beginning to get more in line with supply, markets appear to be ok...
ETH Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. * The Merge is set to launch on Ethereum's Mainnet at around 6pm on 09/14/22 . With the ECB raising central bank rates by 75bps and committing to more rate hikes in the near term, FFR futures traders are still betting on a 75bps rate hike by the Fed on 09/21. St. Louis Fed President James...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 60% BTC, 40% Cash. *It's only 10:30pm in California right now so there's still a place in the world where I haven't missed a TA on 09/08/22. Today was just another day in 2022: Fed Chair Jerome Powell made it clear that 75bps are still on the table for 09/21 , SEC Chair Gary Gensler said that most...
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. * The Merge is scheduled for launch on Ethereum's Mainnet at ~1pm EST 09/14/22 . The Sixth Beige Book (of 2022) confirmed what has already been the theme for Fed speakers this quarter ; that we are likely to see slower economic growth in the near to medium term, the labor market...
SPX Daily cautiously bearish. Recommended ratio: 15% SPX, 85% Cash. * BOUNCE WATCH . Equities and Cryptos continue to sell off in favor of DXY and US Treasuries as Russia halts the Nordstream natural gas pipeline indefinitely (renewing fears of a brutal European winter energy crisis). Key Upcoming Dates: 10th GDPNow US Q3 GDP Estimate at 830am EST 09/07 ; ...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. *Cryptos are seeing some selling pressure as US Stock markets are closed for Labor Day to start the week. Equity Futures, DXY, Oil and US Treasuries are up while Gold and Cryptos are down or flat. Key Upcoming Dates: 10th GDPNow US Q3 GDP Estimate at 830am EST 09/07 ; 6th Beige...
ETHUSD Daily TA neutral with a bullish bias. Recommended ratio: 55% ETH, 45% Cash. *Cryptos remained relatively flat but to the upside this weekend as US Equity Futures are currently up heading into the market open this week. Gold is down and DXY is up. Economic data is showing a slowdown in inflation and demand leading up to the August CPI print on 09/13 but...
DXY Daily neutral with a bullish bias. Recommended ratio: 60% DXY, 40% Cash. *After briefly touching $110 minor resistance in Friday's session, the DXY will attempt to retest the next resistance between $112 (Weekly resistance) and $114 (Daily resistance). The last time the DXY tested $112 Weekly resistance was in 2000. If the Fed raises FFR by 75bps on 09/21...
BTCUSD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash. *In the August Employment Situation, Nonfarm Payrolls increased by 315,000 and Unemployment finally bucked the 7 month trend of declining or staying flat by increasing .2% from 3.5% in July to 3.7% in August. Cryptos and Equities rallied off the news early in the session and are...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 48% ETH, 52% Cash. *JOBS REPORT WATCH. DXY and US Treasuries are dominating headlines again and pulling liquidity from markets as DXY hit $110 in today's session for the first time since September 2002. The 9th GDPNow US Q3 GDP estimate came in at 2.6% today compared to 1.6% on 08/26/22 ; this adds...
SPXUSD Daily cautiously bearish. Recommended ratio: 15% SPX, 85% Cash. *BOUNCE WATCH. Equities continued to take a plunge today as Cleveland Fed President Loretta Mester mentioned that she would like to see rates above 4% by year end and for most (if not all) of 2023. In one of my previous analyses I incorrectly mentioned that only three Fed members voted on...
BTCUSD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash. * Consumer Confidence broke a three month streak of declines and increased to 103.2 in August from 95.3 in July . This is another situation in which investors are left to choose between being bullish on financial markets (Risk-On in particular) due to a resilient economy which...
SPXUSD Daily cautiously bearish. Recommended ratio: 25% SPX, 75% Cash. *Equities, Equity Futures and Gold are all slightly down to start the week while Cryptos, VIX, Energy and US Treasuries are up and DXY has stayed relatively flat. The Risk-Off reaction to Jerome Powell's hawkish comments in Jackson Hole last Friday is continuing into the start of this...
ETHUSD Daily cautiously bearish. Recommended ratio: 30% ETH, 70% Cash. *Cryptos saw a bearish weekend after Jerome Powell's hawkish remarks in Jackson Hole on Friday renewed fears of a Fed induced recession and drove investors to US Treasuries and DXY. Depending on August's Employment Situation and CPI, a 75bps rate hike is very much so still on the table...
BTCUSD Daily Cautiously Bearish. Recommended ratio: 35% BTC, 65% Cash. *Cryptos continue to see a sell off into the weekend following Jerome Powell's remarks yesterday at Jackson Hole. Cleveland Fed President Loretta Mester praised Powell's speech and commented that FFR will likely have to remain above 4% for 2023 . Now the question becomes, at what point...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. *Big day for f**kery. Equities, Cryptos, US Treasuries, Precious Metals are all down while VIX, DXY, Commodities (aside from Precious Metals) are up. July PCE price index decreased by -0.1% from July , and was 6.3% higher than in July of 2021 (compared to 6.8% higher last month);...
SPXUSD Daily neutral with a bearish bias. Recommended ratio: 47% SPX, 53% Cash . *I incorrectly mentioned that PCE numbers would be released today, they are scheduled for release tomorrow at 830am EST. The 2nd US Q2 GDP estimate was reported today at -0.6% compared to the previous Advanced estimate of -0.9% , the third and final Q2 estimate will be reported...