TheTradersBias

TheTradersBias

Market Breadth showing Weakness. Drops back below key level. Yield curve starting to steepen, breaking the longest inverted period in history. Looking for the next red monthly inside candle early next year to start getting bearish. Only two rate cuts anticipated next year instead of four.

TheTradersBias

I posted that we could have a potential red inside candle by the end of the month. In this case it was an inside candle but was green which is just consolidation. Lets see how it goes this month. Has to close red inside to be a reversal.

TheTradersBias

Looks like we could have a potential inside red candle. Have to see at end of the month to confirm.

TheTradersBias

I cant believe what happened with this rally in crypto. Literally nobody is talking to me about crypto or asking how to buy it this time. Previous rally's, I have had people contact me from years ago asking how to get in to crypto right at the top. This time nobody. Its quite strange.

TheTradersBias

Well we had the nice pullback to 38.2 Fibo. I was hoping to see a bigger pullback but that will do. I would not be surprised to see it hold in this range until the halving expected around April.

TheTradersBias

When we have seen a big disconnect between stocks and junk bonds it did not end well for stock. Watch out if the yield curve starts to steepen.

TheTradersBias

Bitcoin hit my target at the monthly kijun sen. I expected it would have a decent pullback before heading to my target but it turned out to be a consolidation then continuation. Back in mid 2019 it hit the kijun sen and failed back into a 12 month consolidation. Interesting to see if it falls back into a consolidation ahead of the halvening next year.

TheTradersBias

Well, what a rip this has been in crypto for the past couple of weeks. Looking for a good solid retrace now and a good sell-off in alt coins before really going in balls deep.

TheTradersBias

SPX monthly has another red inside candle. Breadth back below the key 60% level. Has been accurate the last few times.

TheTradersBias

Looks like the retrace of the rally in BTCUSD is underway. I would like to see a 50% retrace. This is the big test.

TheTradersBias

VIX is below the key long term support. Risk is back on for now. Not to see it will stay that way.

TheTradersBias

What a rip that was on gold with the $USD getting slammed. Great trading.

TheTradersBias

QQQ has rallied off a weekly double bottom but looking at the monthly the danger is not over. There a chance for one last flush to the downside to catch out the dumb money.

TheTradersBias

Junk is one of my favorite indicators for risk assets. If junk confirms this reversal we should see a rally in stocks and crypto. Very early days. A few more weeks should show a confirmation.

TheTradersBias

When the high yield spread comes down, stocks should rally. If the MACD crosses below the black line it should be bullish for stocks. Lets see how it turns out.

TheTradersBias

DXY weekly has been hammered to 50% Fibo retrace. Looks very over sold.

TheTradersBias

I have Monero on top 10 watch. I will just maybe give it a little more time. Very interesting to see over the next couple of weeks.

TheTradersBias

The monthly stochastic has just barely crossed on ETHUSD. Looking like a solid base. Early days but risk appetite seems to be coming back on.