The SPY(SPDR… S&P500 ETF)… is Trending UPWARD, Plus 5.65 for the week ending 01/06/2023
The Market Algo Newsletter: 01/06/23
The SPY(SPDR… S&P500 ETF)… is Trending UPWARD, Plus 5.65 for the week ending 01/06/2023
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The SPY(SPDR, S&P500 ETF), is Trending Upward, PLUS 5.65, for the past week ending on 01/06/2023.
For the upcoming trading week, ending on 01/13/2023, our proprietary algo forecasts the following potential trend for each of the following metrics – either Bullish or Bearish:
VIX index: Bullish,
VVIX index: Bullish,
SPY index: Bearish,
West Texas Intermediate – Crude Oil: Bearish,
QQQ: Bullish,
Copper: Bullish,
And of course, the VIX – SPY Correlation Variance” Bullish!
Please note that the SPY, or SPDR – S&P500 ETF – is Trending UPWARD, PLUS 5.65, for the past week ending on 01/06/2323!
So what? So, our conclusion for the week ahead is that our algo indicates that the Bulls are now – at least for now - are again in control for the week ahead!
Swing traders and day traders will make money – the traders that are not nimble will be crushed, in our opinion!
For the past few months, we have been saying that we are entering a global depression, not so much a recession!
What do YOU think?
We agree with other analysts, that the equity markets are completely disconnected from the reality of the collapsing economies of many countries around the planet!
When we have a bullish week as we did last week - it demonstrates, yet one more time, that Wall Street is oblivious to the pain being felt by Main Street!
We think this is- yet again – a sucker’s bull rally in the ongoing bear market!
We do not think we have seen the bottom.
Keep in mind, Volatility is still very much with us!
Indeed, The Bear Market is still very much with us!
We always like to see at least a 3, or greater week period in which the market is in a bull trend before we can determine a potential bottom for the market
Be careful in trading for the next one to three weeks, – AND MORE!
It’s a jungle out there!
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More details – and:
Our Full Disclosure:
This analysis is not investment advice.
We are not investment advisors!
Any financial information is for educational purposes only, not investment advice!
The global hyperinflation, the global supply chain dislocations, and of course… global drought, plus the “wars,” (take your pick: …Ukraine, Russia, China),…all of these negative factors are certainly not helpful for the bulls’ case!
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, only happens,…currently,…on a very infrequent basis!...
As Doug Casey said in a recent interview, we are in a chaotic period in global markets!…
One analyst shared that bear markets may have 7 bull runs during the course of a bear market.
The most recent sucker rally would possibly be bull run number 4!
We may have 3 more bull runs to go before the bear market has run its course.
Reminder:
Daniel Riley –Mr.TopStep:
https://mrtopstep.com
provides daily updates on the markets:
His website & free email newsletter are a MUST!!! —Patrick
Commentary for 01/06/2023:
I am indebted to Robin Horsfall’s compelling and timely articles- originally published on LinkedIn!
Robin HorsfallView Robin Horsfall’s profile
Former SAS Soldier. Writer, Veterans Campaigner and Public Speaker. Operations Nimrod and Mikado
Published on LinkedIn: 01/01/23
Little Big Man.
2021-2022 brought the world Volodymyr Zelensky. Held between Trump's corrupt hammer and Putin's heavy anvil, Zelensky held onto his integrity refusing to be bullied and intimidated by either side.
He would not dig dirt for Trump in exchange for weapons and he would not give Donbas to Putin. It has been suggested in many places that a victory for Trump in the USA would have guaranteed a victory for Putin in Ukraine. It might have, had 45 not lost his election and his coup.
When Zelensky mobilised his people and troops to fight Russia many leading intelligence 'experts' gave Ukraine three days before they had to submit. 312 days later Little Big Man has shown what can be done with Integrity, Courage and Example. ICE!
He has worn the drab green of his soldiers, walked the streets while missiles flew overhead and visited his troops of the front line. The weight of responsibility has aged him ten years.
Now for the first time I fear for him. He has become the symbol of Ukraine. He has shown the courage of David against Goliath. He has inspired his people and the people of the Democratic world. He deserves their support now more than ever.
Stay safe Volodymyr Zelensky, the whole democratic world needs you to live.
Slava Ukraini!
Who Dares Shares
Robin HorsfallView Robin Horsfall’s profile
• 2nd
Map of Ukraine- credit: Robin Horsfall- 08/08/2022:
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FYI: I comment on the “real-time” geopolitical blog posts I create for my Reddit “EndUkrainian Genocide” community:
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!
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On to the “Main Event”:
I post the URL for each news item I share in my REDDIT blog post - if you want to do a deep dive into the source material.
Not the most “elegant” and detailed way of commenting, but as your time is valuable, I try to be as succinct as possible in my comments! - Patrick
Here are the major “real-time” news items I comment on for this past week:
New stuff:
010623-What Can ChatGPT - An AI - Share Concerning Lessons Learned From .Historical Past Events- The Holocaust Remembered - #neverforget
•Posted by
5 hours ago
US DOLLAR TAILSPIN! 10 YEAR YIELD PLUMMETS! MMRI CRATERS! STOCKS TAKE OFF. Mannarino Gregory Mannarino 237K subscribers Subscribed 1.5K
12,586 views Jan 6, 2023 The economic ninja talks about how the Fed wants to break the back of the economy in 2023. If you are asking when will the us housing market crash? well it has already begun like the Las Vegas housing market and the Phoenix housing market.
The 300,000 Russian soldiers -soon to invade Ukraines- "are expendable"-Russian source(paraphrased)-Putin is OK sacrificing his military- up to the 300,000! Death is calling! Hello?-391,029 views Dec 21, 2022 Former Trump Administration National Security Council Russia expert, Fiona Hill, says Vla-
You want to know how the Elites prepare for the SHTF? - You can register your interest- IF you are an Elite- Are you in?-ULTRA-LUXURY FORTIFIED UNDERGROUND RESIDENCES
Countries Dire Warning: "Stockpile 20 MONTHS Worth of FOOD" Canadian Prepper 907K subscribers 11K views 25 minutes ago Countries are hoarding supplies for 2 years of hell, "white lung and wild variant is spreading"
The Fed Just Revealed Their Hand (It's Bad). So many people think that the fed rate hikes are close to done but I think that the Federal Reserve will keep raising interest rates until the back of the economy is broken. Here is a link to my Real Estate channel please subscribe:
6,248 views Jan 4, 2023 Mass detentions suddenly end, the economy is fully reopened, major computer chip investment suddenly canceled. Where are they going to get their chips from? Is the Invasion of Taiwan Imminent? Genesis Gold Group | https://genesisgoldgroup.com/ Jonathan - 1-800-200-4653 S
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More breaking news is posted on my Reddit EndUkrainianGenocideNow Community!
Join now to keep up with events – as they happen! - - - Patrick
Go here:
Stay tuned for the next issue!
Another source of news and commentary that I follow and recommend is the one authored/published by Elaine Supkis- The Culture of Life News—Highly recommended:
https://emsnews.wordpress.com/
Patrick
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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
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Also: Join my Reddit Community and share your journey to stop the genocide-in Ukraine:
Patrick OConnell