How the market moves & why, thread sections ahead:
Review
Astro - focusing on recent changes & a few interesting data studies
TA - selected charts
Sum
Will post the threadreader app after each
Read what sections interest you
From the sheet
Indexes: "Mostly higher, especially into the end of the week"
I underestimated bearishness of Saturn station & Cap Moon but long into end of week...
☑️☑️☑️
Cryptos: "Bullish"
Um yeah
BTC on track for highest weekly close actually
I know "the alts" but I'm focusing on top market cap coins per coinmarketcap.com
Big dogs BTC & ETH
#3-10 not including Tether or USD coin still less than ETH market cap (so down to Terra)
Safe havens: "Generally weak, but could bounce a bit from recent plunge (VIX TLT)"
TLT bounce, 2.2% on the week, big move actually
VIX 10/12 high then down
☑️☑️☑️
Sum comments:
"Next holiday might be Halloween, but with Sun Mars Merc in Libra & Venus in Sag, this is what people are feeling...
~holiday shopping~
& they ain't buying gold"
For 1 day thought GLD humbling me but then most gains faded
ES 140 point rally in 3 days
☑️☑️☑️
"Buying cryptos, stocks in general, especially inflation related themes, & institutions might be selling into tech rallies sensing higher yields ahead"
Cryptos up, stocks up, oil up 3%, copper up - NDX/QQQ up but technically lagging DJI SPX RUT per pivots & D50MA
☑️☑️☑️
This week I give myself 5 stars :)
Nearly everything I wrote in the sum played out across cryptos, stocks, bonds, inflation related commodities
One of the best weekly forecasts on markets... coming from anon finastro account with ~3500 followers
DJI Weekly & Daily
First touch of weekly lower band since covid low
Lowest weekly RSI in about 1 year
Higher low 10/13 then very quickly back towards highs in next 2 days
Bulls in charge, per daily chart could see 36K
This chart may not mean much for crypto fans but I think interesting
Copper Gold ratio, weekly
Gundlach favorite (who's he most readers say lol)
There's that inflation pump
Bad for bonds (predicts higher yields, esp 10 year)
CL oil
Actually leading the market, notably higher highs compared to indexes
Seems like 90 is done deal, doesn't mean Monday is good entry though
I've been working on adding review info to the sheet & wondering about best format - suggestions appreciated!
I'm doing a lot here, & though usually saying something about major asset classes the actual content varies.
The goal is both for me to have a realistic review...
Such as have I been generally too bearish on stocks, etc or what markets have been the best (probably cryptos have to say).
But also for you, regulars and new users, to see how much I am actually writing out in advance, more or less, without digging through 12 weeks of tweets.
I could assign a score (like 1-5 where 1 is just wrong, 5 is nailed) for each of the 3 major markets I tend to focus on (indexes, cryptos, safe havens), then average for the week
But this is also a lot of work in hindsight, maybe going forward