TheTradersBias

TheTradersBias

Just when you think the downside is coming to an end, it could turn out to be just the start. The yield curve at the end of 2022 is strikingly similar to the end of 2000. Lets see how this plays out.

TheTradersBias

The 2yr yield appears to be rolling over which is bullish for stocks. Have to see if there is a weekly reversal

TheTradersBias

SPX is testing the resistance at the top of the megaphone. See if price can break out.

TheTradersBias

Looks like we could have the makings of a bullish breakout. Not confirmed until the monthly candle closes.

TheTradersBias

Gold is taking advantage of the weak dollar. Has been a very nice reversal.

TheTradersBias

Just as everyone proclaims the death of crypto, the LTCUSD monthly stochastic crosses up. I have been seriously following crypto for 10 years now. When everyone is hating on crypto it has usually signaled a bottom. Lets see.

TheTradersBias

SPX breadth indicator has rebounded sharply. Have to see the monthly downtrend broken before getting too bullish.

TheTradersBias

Have to wait for the weekly candle to close but it looks like the relentless uptrend in the dollar index has come to an end for now.

TheTradersBias

This is a perfect example of a distribution here on daily and 4 hr.

TheTradersBias

It looks like the 2YR yield is looking to do a reversal. If so that would sustain the rally in stocks. Have to see if it is confirmed on the daily. It looked like a reversal before and then blasted higher.

TheTradersBias

Tech stocks rallied to rip the face off the retail shorts as the $USD and bond yields got slammed lower to end the week. Too soon to say if there will be much in the rally yet.

TheTradersBias

VIX has had yet another rejection off the key level. This resulted in strong short covering in stocks just as retail traders all agreed that the market could never go up again and could only go down.

TheTradersBias

Bitcoin monthly stochastic is way down in the oversold area. Could be 6 to 12 months before the stochastic crosses up. When the stochastic does cross up and most people have lost interest in crypto, I will be quietly starting to pick up alt coins for short term trades again. I will start showing my crypto watch again when the time comes.

TheTradersBias

VIX is testing the key resistance yet again. The weekly stochastic near 80 is very high and usually signals a rally in stocks is not far away at least in the short term. The VIX call buyers are nowhere to be seen so this also confirms that the VIX is over extended. See if we get yet another rejection off the key level. Retail stock traders have rarely been so...

TheTradersBias

Oil has had a fantastic week on the back of production cuts. Its been a ripping rally.

TheTradersBias

Junk rally has stalled at resistance on the NFP beat. See what it does in the week ahead. Looks bearish going forward.

TheTradersBias

US2yr yield looks like it was just having a temporary retrace before blasting higher. Looks set to break out which will be bearish for stonks.

TheTradersBias

The hot NFP print has cast doubts on the Fed pivot by the end of the year. Lets see if this sentiment carries over into next week.