The S&P500 is Trending Downward(minus 0.66 - Week-over-Week)- for the Week ending 05/06/2022
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The S&P500 is Trending Downward(minus 0.66 - Week-over-Week)- for the Week ending 05/06/2022
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For the week beginning 05/09/2022
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Our proprietary market algo forecasts the following trends (Risk-on or Risk-off) for the week ending 05/02/2022:
The S&P500 is Trending Downward(minus 0.66- Week-over-Week)- for the Week ending 05/06/2022
NOT investment advice!
FULL DISCLOSURE and Notice that I am NOT an investment advisor
Risk-on (Bullish) WTI- Crude; VVIX – BUT it is only slightly less, week- over-week – IMHO
Volatility can only increase from this point moving forward.
The war certainly is not helpful for the bulls’ case. This metric is best used by nimble day & swing traders- NOT for the faint of heart!
Risk-off (Bearish): Everything else- as Doug Casey said in a recent interview - we are in a chaotic period of global markets: All these metrics are Risk-off(bearish) for the next week:
VIX, QQQ, Copper, the VIX-SPY variance correlation, SPY
Conclusion:
For next week, the algo indicates that the Bears remain in control.
IMHO the war in Ukraine continues to appear front and center as the driving force influencing commodity and equity price movement. There is no spring planting in Ukraine - the breadbasket of the planet.
lt appears that food prices continue their ascent, and will continue in this direction for the foreseeable future! Wages are NOT keeping pace with the hyperinflation that we are beginning to see in more and more food products, energy, and housing.
How do you spell, at best “stagflation” or at worst, the Big “D” – as in global depression? Doug Casey opines that we are indeed headed to the big “D”! He forecasts a bond market collapse and a stock market crash. He recommends the intermediate size oil companies. NOT the big ones! Casey likes uranium stocks as well. Says he is long uranium stocks.
Interestingly, he likes the Uzbekistan stock market. I would NOT recommend investing there – unless you do your own extensive due diligence. He mentioned it would be sort of a “lotto play” – Very risky!
I am tracking the weekly price movement of QQQ during 2022:
So, Moving forward, QQQ was a hypothetical “Buy” on 01/03/2020 at 401.68. IMHO this correction of QQQ remains in an indefinite period of profound weakness! No sign of a definitive bottom from this point moving forward!
Each week, I indicate the profit or loss, based on this (pretend) entry point. Let’s see where it ends up at the end of 2022!
As of 04/29/2022, this hypothetical trade shows a loss of $92.43 (QQQ was $309.25 at the close on 05/06/2022).
Breaking (05/06/25) – I have an unconfirmed report that Israeli mercenaries are now in combat with the Russian military WITHIN Russia- Does anyone else have confirmation of this? If true, this will open up a new dimension in what increasingly is being referred to as WW3.
My source Canadian Prepper – YouTube - (begins at 1:40 – approx.):
Another breaking event- which, IF true, again oens up yet another dimension in the war:
Also (Unconfirmed) Breaking:
Ukrainian Army Attacked the Russian City of Kursk
13,511 views
May 7, 2022
URL:
Also VERY bearish –
IT'S HAPPENING. BRITAIN WILL ATTACK RUSSIA. THE US GOVERNMENT IS WARNING ABOUT WHAT COMES NEXT
125,760 views
May 6, 2022
URL Source:
Reminder: Daniel Riley –Mr. TopStep:
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