The SPY(SPDR… S&P500 ETF)… is Trending DOWNWARD, MINUS 10.88 for the week ending 02/24/2023
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The Market Algo Newsletter: 02/24/2023
The SPY(SPDR… S&P500 ETF)… is Trending DOWNWARD, MINUS 10.88 for the week ending 02/24/2023
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The SPY(SPDR, S&P500 ETF), is Trending Downward, MINUS 10.88 for the past week ending on 02/24/2023.
For the upcoming trading week, ending on 03/03/2023, our proprietary algo forecasts the following potential trend for each of the following metrics – either Bullish or Bearish:
VIX index: Bearish,
VVIX index: Bullish,
SPY index: Bearish,
West Texas Intermediate – Crude Oil: Bearish!
QQQ: Bearish,
Copper: Bearish,
And of course, the VIX – SPY Correlation Variance” Bearish!
So what? So, our conclusion for the week ahead is that – Surprise-Surprise - our algo indicates that the Bears – once again – are 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! Dan – at iAllegedly – on his YouTube channel - is sharing that the “D” word may be more likely than a mere 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 experience – intermittently – during this epic bear market - it demonstrates - that Wall Street is oblivious to the pain being felt by Main Street!
We continue to think – that when a rally occurs – that it is nothing more than just another 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 02/24/2023:
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: 02/22/2023
The War Putin Might Win
Putin lost his military campaign in Ukraine the day his convoy came to a halt on the road to Kyiv. The firm resistance of the Ukrainian people combined with western support reinforced that position every day since Feb 24th 2022.
The war that Putin could win is the propaganda war. He has been successful in this battle several times in the past. He knows that one of the 'weaknesses' of western democracy is the freedom for all people to voice their opinions. The development of social media in the past twenty years allowed the KGB/FSB in Russia to flood the internet with pro Russian dogma while hiding as concerned members of the public. They identify concerns of the everyday man and woman reading their Facebook pages and exaggerates them.
In his speech yesterday Putin focused on telling the Russian people that they are under threat but he also knew that the world media would report his every word. So, while he spoon fed the fears of his own people he also fed the fears of the rest of the world courtesy of international journalists. "Will Putin start WWIII?"
Putin has troll factories operating twenty-four hours a day that will post opinions on our media platforms to drive us into becoming a frightened, confused mass who think our leaders are taking us to the abattoir. They are not!
The war Putin might win (unless we are very aware) is the propaganda war. This is a war for the minds of people who live in a world with freedom of speech and the rule of law. If Putin can create enough doubt it can bring down governments.
There are several ways to defeat these attacks. Dominate the message, (which is what Joe Biden did in his visit to Kyiv), make people more aware of the trolls that come up on their pages and convince journalist to be less even handed and more opinionated against the actions of Putin.
Journalists must remind all the people, every day, that Putin broke his commitments to the UN, to Ukraine and to law based international relations when he invaded and attempted to conquer Ukraine. It is not just a journalist's responsibility to report news. It is their responsibility to report news responsibly. To take a moral position and hold it firmly.
Putin spent two hours lying yesterday and for two hours he was fighting his propaganda war. We must all fight back on this battlefield so that we can remain united and victorious in the cause of Ukraine and the greater cause of freedom.
Slava Ukraini!
Who Dares Shares.
Robin Horsfall
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:
A Terrifying Thought About What Happens After...
207,586 views Feb 17, 2023 Latest Shows We look at the failures that led to the massive train derailment in East Palestine, Ohio, that blanketed the town with a toxic brew of spilled chemicals and gases, fouling the air, polluting waterways and killing thousands of fish and frogs. Residents are
25,967 views Feb 24, 2023 #inflation #breakingnews #dailynews More derailments all over the country as an ice storm knocks out power to 5 million in Michigan. Explosions reported at a nuclear site in Iran causing concerns to be raised. The Most Important Prep - (Antibiotics) http://jasemedic
The AntiChrist and A Cup of Tea | TIM COHEN- 19,264 views Streamed live on Jan 22, 2023 Tim's Website and Books HERE ~ Prophecy House: https://www.prophecyhouse.com About Tim Cohen: Called by God in 1987 to be "him who has understanding" (Rev 13:18) — while a United States Air Force Academy cadet
Interview by Janie DuVall ( @JanieDuVall ) September 15, 2022, on the topic of the AntiChrist. Watch the interview from start to finish, without jumping around, so that you may understand all that is shared. If you don't, you will will miss key information. Respectful comments and short questions
47,906 views Feb 18, 2023 #Depression #Economy #Business We are getting warning after warning from some very serious business, people and economist that what we are heading into is going to be much worse than a regular recession. This is going to be the big “D" word. #Depression #Economy #Busines
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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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Patrick OConnell
