ETHUSD Daily neutral with a bearish bias. Recommended ratio: 48% ETH, 52% Cash. *SUPER SHORT-TERM BEARISH. Cryptos are currently seeing the Sunday/Monday scaries and it could translate into an overall bearish week if economic data (FFR hike, Consumer Confidence, GDP, and PCE) surprises higher and/or earnings from Alphabet, Amazon, Apple, Meta and Microsoft...
BTCUSD Daily TA neutral with a bullish bias. Recommended ratio: 65% BTC, 35% Cash. *SUNDAY/MONDAY SCARIES WATCH. Cryptos had a relatively flat weekend as the DXY continues to see downward pressure leading into a likely volatile week for all markets. Key dates this week: Google and Microsoft earnings 07/26; Meta earnings 07/27; FOMC statement on whether or not...
ETHUSD Daily cautiously bullish. Recommended ratio: 80% ETH, 20% Cash. * Ethereum's Merge is currently estimated to be ready for launch on Mainnet on 09/11 . Cryptos are seeing a choppy weekend as they attempt to continue bullish momentum going into a big earnings week for Equities and a Fed decision on whether or not to raise more than 75bps on 07/27. Russia...
BTCUSD Daily TA Cautiously Bullish. Recommended ratio: 70% BTC, 30% Cash. * US July Manufacturing PMI was reported today and showed a slight slowdown in manufacturing activity dropping from 52.7 last month to 52.3 this month; this sent Equities and Cryptos lower but again helps confirm that the Fed is being effective in reducing demand as a means of curbing...
SPX Daily bullish. Recommended ratio: 90% SPX, 10% Cash. *Equities, Cryptos, Metals, Oil, Treasuries and EURO are slightly up today as DXY and VIX continue their market correction. Equities continue to go up on fading concerns of a recession paired with more strong earnings ( Tesla beat on both earnings and revenue ) but face a week of anticipated volatility...
ETHUSD Weekly bullish. Recommended ratio: 95% ETH, 5% Cash. *Cryptos took a brief dip yesterday after news that Tesla had sold 75% of their Bitcoin holdings (~$936m) due to fears of China's Covid lockdowns (Tesla has a Gigafactory in Shanghai) and a need for cashflow. This came as a shock to the crypto community because in 2021 Elon tweeted that "Tesla has...
ETHUSD Daily cautiously bullish. Recommended ratio: 85% ETH, 15% Cash. *MINOR CORRECTION WATCH. Ethereum continues to rally (and should continue to leading up to September) on news that the Merge is likely to be ready for launch on Mainnet 09/19/22. Cryptos continue rallying as Equities are entering a big earnings season and recession fears are being allayed by...
SPX Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * June Housing Starts came in lower than May (1.591M) at 1.559M and under the consensus estimate of 1.58M, implying that the housing market is starting to cool off as new home buyers appear to be increasingly fearful of a "technical" recession this year. June Building Permits came...
BTC Daily cautiously bullish. Recommended ratio: 80% BTC, 20% Cash. *Cryptos continue to enjoy a rally largely inspired by Ethereum's anticipated Merge date (09/19/22) and risk beginning to reenter money markets on: news that Nord Stream is reopening; the Fed effectively hindering demand in attempt to ring in inflation; and the DXY finally showing signs of...
GOLDUSD Daily neutral with a bearish bias. Recommended ratio: 35% Gold, 65% Cash. *Gold, Oil, Agriculture, Treasuries, Euro and Cryptos finished higher today while DXY and Equities closed lower. Last week the EU proposed a new ban on Gold imports from Russia (the fifth largest holder of Gold reserves in the world). Equities started strong but then finished...
ETHUSD Daily bullish. Recommended ratio: 90% ETH, 10% Cash. *SUNDAY/MONDAY SCARIES. Cryptos enjoyed a rally for most of the weekend on news that Ethereum's Merge is scheduled for launch on Mainnet around September 19th . This news combined with the lighter tone in the past week from the Fed's Waller, Bostic, Barkin and Bullard, has seemingly lifted markets in...
BTCUSD Daily TA bullish. Recommended ratio: 90% BTC, 10% Cash. *WEEKEND RALLY. Cryptos continue rallying off of news that Ethereum's long awaited Merge is forecasted to be finalized and ready for launch on Mainnet ~09/19/22 . Assuming that the final trial on the Goerli testnet goes well in August, this timeline should be fairly accurate; however, The Merge has...
SPX Daily neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * US June Retail Sales was reported this morning and beat the consensus estimate (0.8%) by 0.2% coming in at 1%; compared to last month's retail sales number of -0.1%, it's reasonable to suggest that consumer demand is returning after six consecutive months of shrinkage (Jan 2.7%, Feb...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. *Equities, Cryptos, Commodities, Treasuries, VIX and the Euro all finished today either relatively flat or slightly up; while DXY pushed even higher today signaling that fears of a "technical" global recession are still mounting. The correlations have been muddied all year but...
DXY Daily cautiously bullish. Recommended ratio: 75% DXY, 25% Cash. *Demand for USD continues as global recessionary fears amplify and tighter monetary policy pushes investors to short term Treasuries (Yield Curve inversion). The Euro is maintaining parity with the USD for the third consecutive day as Italy's Prime Minister Mario Draghi submitted an offer to...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH. The US June CPI report was released this morning and surpassed the 8.8% market consensus estimate with a 9.1% reading (Core CPI exceeded the 5.7% consensus estimate with a 5.9% reading). Cryptos, Equities, Treasuries, and Commodities initially sold off on the...
SPX Daily neutral with a bearish bias. Recommended ratio: 35% SPX, 65% Cash. *Money markets continue struggling to find a bottom amidst high and rising global inflation. CPI report comes out tomorrow (07/13) at 830am (EST) , market consensus is around 8.8% (8.6%-8.9% range); if it comes in on the high end or higher, a sell-off will likely ensue. The next FOMC...
ETHUSD Daily cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *Cryptos, Equities, Metals, Energy, Treasuries, and Commodities are all suffering at the expense of a surging USD. The Euro continues to plunge and achieved parity with USD in yesterday's session for the first time since 2002. US CPI report is scheduled for release tomorrow morning at...