The S&P500 is Trending Downward(minus9.62 - Week-over-Week)- for the Week ending 05/13/2022
The S&P500 is Trending Downward(minus9.62 - Week-over-Week)- for the Week ending 05/13/2022
The S&P500 is Trending Downward(minus9.62 - Week-over-Week)- for the Week ending 05/13/2022
Paid Sub: NEVER miss an issue! Get EVERY ISSUE: To include: FOMO ETF/Stock Picks & DD Sources!
The Market Algo Newsletter
Headhunting for an experienced freelance SEO content writer for your business? Here’s my profile:
Let’s jump on a call soon! - Patrick
Subscribe to my free weekly MAG Commentary on LinkedIn
(Market Forecasts & Geopolitical Commentaries) to stay current on global geopolitics:
https://tinyurl.com/GenocideNo
ALSO: Join my Reddit Community and share our journey to stop the genocide-in Ukraine:
https://tinyurl.com/RedditGenocideNo
I have contacts worldwide that subscribe to my MAG Commentary NL (Market Forecasts & Geopolitical Commentaries" and my Substack Market Algo NL: https://tinyurl.com/Substack
The purpose of the Reddit community is to provide “real-time” updates on geopolitical events occurring worldwide AND connect peace activists and community organizers worldwide to share their journey: Together we CAN climb that mountain!
The LinkedIn NL is published weekly and is FREE! - Patrick OConnell My LI ID: azpat0
The Market Algo Newsletter
For the week beginning 05/16/2022
Full Disclosure:
Analysis published is not investment advice!
Be sure to subscribe so you don’t miss any issues in the future. I shall send out EVERY issue to paid subscribers.
Free subscribers will not get every (complete) issue of the Market Algo Newsletter—subscribe as a paid member to get ALL of the weekly issues (instead of a “partial” newsletter)!
NOTE: Now available: Get a free one-week trial subscription NOW!
FULL DISCLOSURE and Notice that I am NOT an investment advisor
IF you sign up as a paid subscriber ($5/mo. or $50/year) – you get EVERY issue of The Market Algo Newsletter (NL) PLUS my latest list of all my favorite ETF/Stock picks PLUS my exclusive list of Due Diligence (DD) Sources!
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.
NOT investment advice- EVER!
For Paid Subscribers: The FOMO List and DD Sources section is at the very bottom of the “Paid Subscriber” newsletter issues!
Available To ALL:
Market Algo Newsletter(NL) subscribers!
Access the (for Entrepreneurs & startup Founders/CEOs)
Ninja Guide: 24/7 here: https://tinyurl.com/MyNinjaGuide
Read every story from Patrick OConnell (and thousands of other writers on Medium).
Your membership fee directly supports Patrick OConnell and other writers you read. You'll also get full access to every story on Medium.
Go here: https://medium.com/@PatrickOConnellNM/membership
Membership is free (limited access) or $5/month(save at $50/yr- unlimited access to 1000’s of articles!) – I receive ½ your fee so I can get awesome stuff to share with you in my articles!
Visit Patrick OConnell's profile
Our proprietary market algo forecasts the following trends (Risk-on or Risk-off) for the week ending 05/20/2022:
The S&P500 is Trending Downward(minus 9.62- Week-over-Week)- for the Week ending 05/20/2022
NOT investment advice!
FULL DISCLOSURE and Notice that I am NOT an investment advisor
Risk-on (Bullish) VIX & VIX (( if you are a nimble trader- you may want to day trade or swing trade- NOT investment advice!)
Volatility IMHO is still with us – be forewarned!
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:
QQQ, Copper, the VIX-SPY variance correlation, SPY, WTI
Conclusion:
For next week, the algo indicates that the Bears (still) 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 050/06/2013, this hypothetical trade shows a loss of $99.74 (QQQ was $301.94 at the close on 05/13/2022).
Reminder: Daniel Riley –Mr. TopStep:
https://mrtopstep.com
provides daily updates on the markets: His website & free email newsletter are a MUST!!! —Patrick
…***…
Market Notes and Commentary:
Keep reading with a 7-day free trial
Subscribe to The Market Algo Newsletter to keep reading this post and get 7 days of free access to the full post archives.