There are exactly 7 stocks holding up the entire US stock market. Those assets include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. What I’ve done here is created an index chart that enables an Elliott Wave count of all 7 assets combined. The all time high was printed in November 2021, along with the rest of the major stock indexes. Since then, these magnificent … [Read more...] about The Magnificent 7 Index : A House of Cards
BTC ETF Fake News
My primary 1-2-1-2 BTC Nano Count was invalidated today after the market wiped out my stop. This is why we practice strict risk management. Presumably, the market reacted to a single post by @cointelegraph claiming that a BTC Spot ETF was approved. It's beyond me how a single post cold illicit such a response, especially with no corroborating evidence. It also doesn't explain … [Read more...] about BTC ETF Fake News
A History Lesson Before The Largest Transfer of Wealth in Human History
As we inspect the value of the Dow Jones Industrial Average against the value of real money (Gold), we find that the purchasing power of the US Dollar is equal to that of the 1929 stock market peak. Meaning that people are no more wealthy now than they were nearly 100 years ago. Notice, that I’ve take the last known value of the dollar against gold at $1=20.67ths of an ounce. … [Read more...] about A History Lesson Before The Largest Transfer of Wealth in Human History
All Time High: Nasdaq 100 and the Dow Jones Utility Ratio
In this chart we can see a ratio between the Nasdaq 100 and the Dow Jones utility ratio. The Nasdaq 100 is filled with highly speculative securities while the Dow Jones Utilities are stable assets which generally have a long history of consistent dividend returns. What this ratio shows us is that the herd is at an all time high of interest in speculative assets instead of … [Read more...] about All Time High: Nasdaq 100 and the Dow Jones Utility Ratio
Gold: The Long Term Entry of the Year
Those that follow me know I’ve been touting Gold for a hot minute, the count has slightly changed a few times but all roads lead to the same outcome. A three wave corrective wave 2 retracement before a rocket explodes off the pad. That’s exactly what we are seeing here with gold. It was a long patient wait, but the moment finally arrived. Gold is bullish. Gold has begun a third … [Read more...] about Gold: The Long Term Entry of the Year