Comments on: Market Analysis & Trade Ideas 8-20-21

By: jpowell

jpowell — Sat, 21 Aug 2021 01:08:47 +0000

Sorry I did the charts backward so start at the bottom and work up. Anyway my point here is there are also other charts that are scary like the DJT diverging from the DJI (along with the charts you have been posting) not to mention a SKEW index that has been above 150 now for months (Historic) that is quite frankly alarming!..Clearly somebody or something is manipulating markets through these Tech AAPL/TSLA/MSFT/ GOOGL etc..Maga-Caps (and big Pharma) some even through Gamma squeezes (like we saw on Monday) All it takes is that Gamma to flip the other direction and we will see a 15% decline so fast your head will spin!!..Not fear mongering just telling you what the charts tell us!!…Stay awake and let’s please catch the top!
Good Luck!..J.Powell

By: jpowell

jpowell — Sat, 21 Aug 2021 00:54:45 +0000

And Finally This chart is a little messy SP-500 (151m) with the aussie, 30-year yield, copper and crude. With the S&P breaking out above its range and posting new record highs, this is where you want to see all of these assets confirming or leading the market higher. One by one, starting with currencies and rates, they’ve first diverged, then led lower. Rates and currencies were first, now commodities are following suit. I’ve never seen a bullish market with signals like this. I’ve seen signals like this before the 2018 and 2020 market sell-offs.

By: jpowell

jpowell — Sat, 21 Aug 2021 00:52:47 +0000

Here is another? SP-500 (60m) and the broad NASDAQ Composite (all listed NASDAQ stocks) A/D line at the lowest since November 2020. Usually A/D lines don’t diverge that much from price which is why they’re one of my least favorite breadth indicators, but this is obscene. If we track A/D line the S&P would be about 25% lower..W.T.F

By: jpowell

jpowell — Sat, 21 Aug 2021 00:50:11 +0000

Randy? So here are a few things I quite frankly find disturbing First KBW Bank Index (for reference) and 5-30 yield curve breaking the lateral consolidation from mid-June. Although this has no correlation whatsoever with 3’s calculation, it’s interesting how similar the two look here.