Alhamdulilah- The SPY(SPDR… S&P500 ETF)… is Trending Downward - Minus 4.64 - for the week ending 04/05/2024.
Featured-Greg Mannarino-MUST***WATCH-NOW!-MARKETS A LOOK AHEAD: We Are In a Debt, DE@TH, Spiral... CRITICAL UPDATES. Mannarino
The Market Algo Newsletter: 04/07/2024
Alhamdulilah- The SPY(SPDR… S&P500 ETF)… is Trending Downward - 4.64 - for the week ending 04/05/2024.
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Featured in the Commentary Section – in my LinkedIn MAG Commentary NL:
Featured:
Greg Mannarino-MUST***WATCH-NOW!-MARKETS A LOOK AHEAD: We Are In a Debt, DE@TH, Spiral... CRITICAL UPDATES. Mannarino
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I also publish these featured stories PLUS lots of my other Reddit stories as well in my Reddit Community!
Free: Join my Reddit Community to keep up to date on all things geopolitical around the globe: https://www.reddit.com/r/EndUkrainianGenocide/
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The Market Algo Newsletter
NOT Investment Advice! –
ONLY intended for educational purposes.
Do your own DD and invest at your own risk tolerance.
I may buy and sell, some, most, or all of the positions in my FOMO (fear of losing out) from time to time!
I look at the list as a sort of “long term” holding thing – but THAT can change depending on geopolitical events, global market conditions, health (or lack thereof) of the individual equity/ETF – or my own personal circumstances.
For Paid Subscribers: The FOMO List and DD Sources section is at the very bottom of the “Paid Subscriber” newsletter issues!
I am not an investment advisor. Any financial information is for educational purposes only – NOT investment advice!
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Be the Change You Wish to See - A Strategic Blueprint for Engaging Communities in Serving the Homeless and Underserved – The “Call to Volunteer” Program:
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Check out where the power outages are currently occurring in the US:
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************* BEGIN *******************
My proprietary market algo forecasts the following trends, Risk on, or Risk off, for the upcoming trading week ending on 04/12/2024:
The SPY(SPDR, S&P500 ETF), has turned moderately Bearish -is this the beginning of a massive rug pull? -Next week will confirm if it is! - IMHO of course!
In my opinion – not investment advice – The Bears are now in solid control of next week’s market!
Stay tuned to see if the Fed injects massive amount of $$$ into the debt (and equity) market!
Be aware of this -
It seems there is a disconnect, however, between the - sporadic - exuberant bullishness of Wall Street and “Main Street”!
This week may witness the beginning of the implosion of this exuberance- although I remain skeptical. Let me know in your comments what YOU think!
Remember this - The US has officially admitted that the US is in a “Peoples’ Depression”! Duh!
Go figure!
You and I have known this for months!!!
Be Aware – Be Awesome!
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To not miss out on the rapid changes in market trends – subscribe today – it's free – to my weekly MAG Newsletter!
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For the upcoming trading week, ending on 04/12/2024, my proprietary algo forecasts the following potential trend for each of the following metrics – either Bullish or Bearish:
VIX index: has turned moderately Bearish- It COULD , however - turn solidly Bearish in the next few weeks, however! NOT investment advice!!!
You have been warned!
VVIX index: Has turned solidly Bearish.
I wanted to say “massively Bearish” - but IF the Fed injects massive liquidity into the markets- THEN I would look very foolish - IF the market turns Bullish next week!
Remember this - IMHO the markets ARE being manipulated - as in “rigged” -
You DID know that, of course!
What can possibly go wrong?
SPY index: Has turned moderately Bearish.
Surprise-Surprise!
Swing traders and day traders – Take Note of This!
West Texas Intermediate – Crude Oil: Has turned massively Bullish!
This is OLD NEWS:
“... The US Dept of Energy plans to buy 3 million barrels of crude oil – for delivery in March 2024 - and IMHO -beyond March….”
Forget the “old news” - The New News is what you need to pay Attention TO!
THIS is the NEW NEWS - Pay attention to the new news:
Well, my dear friends - I have heard that the US will NOT be moving forward with replenishing its Strategic Petroleum Reserves- Because - wait for it -
They delayed buying petroleum white it was relatively cheap.
And NOW- since it is going ballistic- the US Government ALLEGEDLY does not have the $$$ to buy petroleum.
Surprise - Surprise!
With the Strategic Oil Reserve at 43% of capacity- WHY does the planet’s self professed hegemonic nation think it can wage a world war on multiple fronts?
It won’t end well if it thinks it can go all out into a hot war with Russia, China, Iran, North Korea and others-
JUST my opinion - But what do I know? I am but a humble servant of the “System”!
Please let me know your thoughts on this in your cmoments! - I hate to be the only one that notices that there is a disconnect between what the regime in Washington says and what “the facts on the ground” tell me!
What do YOU think?
QQQ: Has turned slightly Bearish!
Copper: remains slightly Bullish – It seems top be inching higher week-over-week!
And of course, the VIX – SPY Correlation Variance” – Has now turned moderately Bearish for the trading week ahead!
You have been warned –
Be VERY careful in placing your bullish bets in the upcoming trading week!
Meaning what? IMHO It means you should continue to be VERY cautious in entering any long term bullish position for this week- at least!
We shall see how the upcoming trading week plays out.
NOT investment advice – as we are not investment advisors!
Trade at your own risk.
Do your own due diligence!
· * Welcome to yet another week in which the Bears rule!
· Please refer to our “Warning-Warning – Warning” information below for more details!
Conservative traders & “Investors” – Please take note of our “Warning – Warning – Warning” information below!
So what?
So for the next week – the Bears rule – once again!.
For how long the markets will remain Bearish is anyone’s guess – Watch the Fed - Watch the Debt market in Treasuries 9AND the equity markets) - THE Debt Market - primarily - will be the canary in the coal mine – so to speak – as concerns the direction of the equity markets -IMHO of course – NOT investment advice!
The Takeaway:
Our SPY-VIX Correlation Variation metric - – confirms - at least from a purely technical point of view (notwithstanding “Fed manipulation” monkey business) – that this coming week’s trend – at least according to this metric - is now Bearish!
In my opinion bank runs are still ongoing- notwithstanding the Fed’s massive printing of fiat money to “stem the run on banks”.
This is – of course - NOT investment advice – but fasten your seat belts - a bumpy ride awaits!
Swing traders and day traders will make money – the traders that are not nimble will be crushed, in my opinion!
For the past few months, we have been saying that we are entering a global depression, not so much a recession!
PLEASE let me know your thoughts on this - Patrick
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Keep in mind, Volatility is still very much with us!
Indeed, IMHO - The Bear Market is still very much still with us, as well – BUT - when they occur - bullish movements can last form weeks to months in the “typical” Bear market!
Maintain “situational awareness” in the markets you trade!
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Please note:
Concerning our
“VIX - SPY correlation-variance ” metric:
IF the VIX is trending DOWN. And the SPY is trending UP, for the most recent week of trading…then and only then will our VIX, SPY correlation-variance algo indicate a potential Risk-on, (Bullish) trend,… for the upcoming week,…
This indication of a potential Bullish trend, however, currently typically happens - when the Fed is inclined to support the market in this “selection year” - on a more or less frequent basis!
Be VERY sensitive to when the rug pull comes!
If you follow Greg Mannarino’s podcasts- he will give you a sense of when to potentially get out of the market.
Currently he is long the markets AND – he is buying the dips!
· * Warning – Warning – Warning:
Dateline: 12/15/2023 - Since the Fed has implied they will not cut rates further, the public has initially responded with a mindless rush into equities - AND – as Greg Mannarino points out for the week of 12/18/2023 – this rush into equities may be the harbinger of UNIMAGINABLE bullish sentiment for ALL assets – equities- commodities – gold- BTC – you name it!
It will be “Argentina” writ large when the rug pull comes for the US economy.
In mid-December 2023 - Argentina devalued its currency by 54%.
They say they may dollarize their currency as well!
What can possibly go wrong?
How would YOU feel – if you woke up one day and found your fiat currency devalued by 50% or more overnight?
It can’t possibly end well for the working classes.
Some say there is no longer a middle class in Argentina.
Can that scenario come to the US someday as well?
You have been warned!
NOTE:
IMHO – it bears repeating – yet again –
Regardelss of whether we are in a week-over-week Bullish OR Bearish trend - – Moving forward –
ANY periodic bullish trend can –
and possibly WILL last for weeks and months- maybe even throughout 2024!
Time will tell - if any future protracted Bull run will extend into 2025.
For now – The Bears are in SOLID CONTROL!
Be sure to follow Greg Mannarino – He will provide a warning as to when the epic rug pull by the Fed might be imminent! It may even be biblical – not just “epic”.
NOT investment advice, of course! I am not an investment advisor!
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Reminder:
Daniel Riley –Mr.TopStep:
https://mrtopstep.com
provides daily updates on the markets:
His website & free email newsletter are a MUST!!! —Patrick
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The following information is for Paid Subscribers to The Market Algo Newsletter only:
FOMO List and DD Sources (at the bottom of this newsletter for paid subscribers only)
Please read the FULL DISCLOSURE notice at the very top of every issue of The Market Algo Newsletter (NL)!
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For paid subscribers:
My list (not inclusive) of my Due Diligence (DD) sources follows Only available to Paid Subscribers!
https://finance.yahoo.com
https://koyfin.com
https://americanbulls.com
https://stocktwits.com
https://barchart.com
https://macroaxis.com
https://armrreport.com/
https://finviz.com
https://themarketanalysts.com/
FULL DISCLOSURE: I subscribe to:
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My FOMO List – I am NOT an investment advisor – NOT investment advice! Do your own DD!
Symbol Quantity I own Avg Price Remarks (may not be any remarks)
AOSL 10 59.93 Alpha & Omega Semiconductor Ltd = Semi stock
ASML 8 733.95 ASML Holding N.V. - semiconductor equipment systems - VERY LONG TERM HOLDING!
BABA 2 126.00 Alibaba Group Holding Ltd
BLDR 5 64.80 Builders FIrstSource, Inc
CORN 5 22.70 Teucrium Corn Fund
DBA 5 20.16 Invesco DB Agricultural Fund
DVN 5 51.00 Devon Energy Corporation (pays a Dividend)
ESTE 100 13.20 Earthstone Energy, Inc - VERY Volatile!!!
KRBN 5 51.70 KraneShares Global Carbon ETF - carbon Credits ETF
NVDA 12 312.83 Nvidia Corporation - volatile!
ON 13 70.08 ON Semiconductor Corporation = semi stock
PDCE 5 59.80 PDC Energy, Inc - energy
RJA 5 8.93 ELEMENTS-linked2Rogers Intl Commodity Index - Agricultural Total Return
Everyone have a wonderful trading week ahead! --- Patrick Oconnell -- Albuquerque, New Mexico
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I want to thank all of my wonderful subscribers to my Market Algo Newsletter:
In the name of Allah -
The Compassionate - The Merciful:
Alhamdulilah – Assalamualaikum –
May Peace Be Unto You!
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And now – For something that will lift your spirit:
FYI - I use the pen name, Luna Maypole --- Patrick Oconnell:
Don’t miss Luna Maypole’s latest Chapter of
“NM-Kitty’s Meow Adventures” (written in the style of A.A. Milne – creator of the Winnie the Pooh Adventures):
Don’t miss Chapter 16: “NM-Kitty’s Meow Adventures” -
The Sands of Destiny: NM-Kitty's Quest in Tehran, Iran - CH 16 (NOT chapter 12)
A Feline Heroine's Journey to Uncover the Ancient Prophecy
My NM-Kitty YouTube Playlist is located here –
check it out today:
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Something to lift your spirit:
The Fellowship of Dreams (TFOD)– The Theme Song for TFOD –
– aka “Love’s Gentle Refrain”:
Audio & Music credit:
https://suno.ai
Created by the author:
https://app.suno.ai/song/a8c85c06-be7f-4f53-9862-4f17db93c40a
and also:
Elara’s Song – “Love’s Gentle Refrain:
“Let rusty steel a while be sheathed,
And all those harsh and rugged sounds,
Of bastinadoes, cuts and wounds,
Exchanged to Love’s more gentle style.
Our stern alarums changed to merry greetings,
Our dreadful marches to delightful measures.”
- - - - Richard III -- Shakespeare
Audio & Music credit:
https://suno.ai
Created by the author:
https://app.suno.ai/song/103dfdd6-42a8-40de-ad26-0cf109db67ec/
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Get free blogging tips & ideas -NOW:
https://www.reddit.com/r/Futurology/
ALSO – You may find some ideas for a blog post in any of the PDF files at the following URL – An archive of copies of a ‘zine that my wife, Joan and I published from 1977-1984. Unfortunately, upon her death in August 1984, I had to discontinue publication of this quarterly publication:
https://files.afu.se/Downloads/?dir=.%2FMagazines%2FUnited%20States%2FNew%20Atlantean%20Journal
Detailed info on the ‘zine and my late wife- is here – though it does not mention that she was a published author during her life journey on our beloved planet:
https://isaackoiup.blogspot.com/2024/02/new-atlantean-journal-1970s-1980s-joan.html
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Have you followed Aleph and Omega – The protagonists in my short story fictional series “The Fellowship of Dreams”?
Don’t miss the latest chapter (written in the style of #Tom Clancy):
The latest chapter – located at Lampshade of Illumination - is here:
Shadows of Betrayal in the Aegean Paradise -Part 22
Aleph and Omega Go to Santorini, Greece -
https://medium.com/lampshade-of-illumination/shadows-of-betrayal-in-the-aegean-paradise-part-22-fd81c82bfb0c?sk=9ef27c72f3e8f145e00c8f021cdde18d
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Don’t Miss:
And last but not least – don’t miss the latest chapter of my novel – that I have serialized in Lampshade of Illumination (a Medium Publication), “Abalon Rising – The Chronicles of Abalon and Abrixis – The Quest for Balance” -
My latest installment:
Abalon Rising: The Chronicles of Abalon and Abrixis - Quest for Balance -Part 1-Ch 8
Dawning of a New Era-The Immortals’ Arrival and Their Impact on Abalon and Abrixis
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And Last - But Not Least- Don’t miss the latest installment of my fantasy fiction series
“The Soto Voce Resistance Movement - A Clear and Present Danger to the Status Quo?”
My latest installment:
The Soto Voce Resistance Movement - A Clear and Present Danger to the Status Quo? -Part 2-Act 2
Claws and Camaraderie
AI image of Neo-Kiev-created by Patrick OConnell - using playgroundai.com