In an internationally coordinated move to calm the market and stabilize prices, the federal government released a small portion of the nation's oil reserve on Wednesday.
TLT got rejected hard at the 50D MA yesterday and is heading back towards the lower support of a huge descending triangle where it bounced on 2/15... and DXY is in precisely the reverse situation and currently grinding the top resistance of a big ascending triangle which is ripe for forming a huge cup & handle formation. I expect USD to go hyperbolic for a bit before it crashes to the ground VZ style when 140 countries announce they are ditching the petro-dollar. I believe booting RU out of swift is the catalyst to put that plan into motion.
Also... QQQ death cross occurred yesterday and SPY's is probably coming Friday or Monday... both are below their 9, 21, 50, 100 & 200 MAs. I'd call that a downtrend! Could be a bottoming pattern, but I would look for a retest of last week's lows coming soon for good entries w/tight stops in case it doesn't hold... just imho, for technically-minded traders.
Also... EPIC entry point on Polymetal right now, for the adventerous. Also Helium suppliers since RU has been the big supplier there... Canada has a crap ton. :D
gm Gregory, when I look at this chart (10 yr yield), I see basically a down trend since the 1980's. Can you explain why and what does this mean? Thanks for your work stated following you since the new year and find you very informative and helpful. Kept me in the game while others calling for crash.
Let's see how it plays out looking to add to my positions
Thank you, Greg.
Thank you for the info!
Germany / Oil
In an internationally coordinated move to calm the market and stabilize prices, the federal government released a small portion of the nation's oil reserve on Wednesday.
ha ha ha
TLT got rejected hard at the 50D MA yesterday and is heading back towards the lower support of a huge descending triangle where it bounced on 2/15... and DXY is in precisely the reverse situation and currently grinding the top resistance of a big ascending triangle which is ripe for forming a huge cup & handle formation. I expect USD to go hyperbolic for a bit before it crashes to the ground VZ style when 140 countries announce they are ditching the petro-dollar. I believe booting RU out of swift is the catalyst to put that plan into motion.
Also... QQQ death cross occurred yesterday and SPY's is probably coming Friday or Monday... both are below their 9, 21, 50, 100 & 200 MAs. I'd call that a downtrend! Could be a bottoming pattern, but I would look for a retest of last week's lows coming soon for good entries w/tight stops in case it doesn't hold... just imho, for technically-minded traders.
Also... EPIC entry point on Polymetal right now, for the adventerous. Also Helium suppliers since RU has been the big supplier there... Canada has a crap ton. :D
gm Gregory, when I look at this chart (10 yr yield), I see basically a down trend since the 1980's. Can you explain why and what does this mean? Thanks for your work stated following you since the new year and find you very informative and helpful. Kept me in the game while others calling for crash.
Bank of Canada raised rates
All of the DJIA components up today on below average volume
Exceptions XOM, CVX (Chevron) and CAT (Caterpillar) up on higher volume.
Another exception: V (Visa) down.
Lack of Russian fertilizers 😁 Food prices could skyrocket.
Thank you Greg
Dow Jones Election Cycle / Midterm Years
https://www.seasonalcharts.com/img/ELECTION-SPE/DJIA_W2.GIF
Dow Jones / Decade Cycle
https://www.seasonalcharts.com/img/DEKADE-ZYKL/DJ100J.GIF
Hi Greg! If possible, could you please add DXY, US10Y, and WTI Crude Oil real time prices back to your website? Thank you very much!
I love how you look out for us Gregory. Thank you from the bottom of my heart.
Thanks for the update