The Dow jones Index is nearing Trendline Resistance. See the line which goes back to early 2018. While momentum and breadth is strong and all equity indexes are on an upward trajectory, it remains to be seen whether we pause…
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Nifty setup is Bullish
Nifty is bullish. We had a good correction. But that is normal in a bull market. Every correction excites the bears and they proclaim it is the end of the Bull Market. But that creates more shorts in the system…
What is the Bond Market showing?
Bonds are indicating the trend is still down and Equities have more room ahead. See the chart of Bonds vs Stocks: This ratio has made a new low. Clearly money is flowing into Equities and Bonds are heading down. The…
Dollar Index breaks Support
The Dollar Index was in a small range between 92 and 95. It has broken down below 92. As we have mentioned before, a weak Dollar is great for Emerging markets, Equites. See the long term chart of the Dollar…
Bitcoin at all time high, Target 30K
Bitcoin has broken out of the previous high and is now in unchartered territory. This is very bullish. Breaking out of a multi month base is very bullish for an asset. So what is the target for this move? If…
