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Madrid Wizard

Using the TradingView tools recently released to analyze the COVID-19 I coded three indicators that summarize the virus activity in the world. The first panel shows the total confirmed cases, the second the number of cases per country showing the top 8 countries with the most reported cases, the third one is a comparison in absolute terms of the number of...

Madrid Wizard

This analysis includes a study that measures the mortality rate and the recovery rate. 4.5% deaths vs 23.1% recovery. There are extreme cases like in Italy where the mortality rate reached 10%, and other cases like in China, where the recovery rate is at 90.2% and the death rate is at 4.0%.

Madrid Wizard

COVID-19 Status This is a summary of the COVID-19 cases, this summary shows the total cases reported worldwide, the recovered cases and the deaths due to this pandemia. Then it shows a country by country number and it can be compared how each country has managed the crisis. Cases World 529,591 USA 83,836 China 81,782 Italy 80,589 Spain ...

Madrid Wizard

The previous analysis spotted a consolidation triangle. This one didn't gain enough momentum to break the upside and it hit hard with the upper resistance triangle, both from the short term trend and the long term trend. This made this market to overreact and dump massively until it reached the lower trend support. There is a bounce here that pushed the...

Madrid Wizard

First and foremost this is not about politics, but about finding numbers and facts. The recent meltdown has wiped off $6T in just four weeks, if we remember what happened in 2008, back then the Dow Jones lost -7,700 points from top to bottom in 17 months, and wiped off $6.9T in Market value. The two bar patterns in the chart show the comparison between Trump's...

Madrid Wizard

The technicals show the quote fell to the level of the support channel. This is technically a correction, but a very painful one. This support level can still serve as a slingshot to attempt another travel to the upside and see if it can retry the all time high. Another thing that could happen is that the market stops at the 300 level or lower and it would...

Madrid Wizard

There is still room to run. At this time there’s a support at 270, 260 and worst case scenario 230, it touches the main trend area and it could be looking to test support. The virus was a trigger, not the main reason, the indicators show a loss of momentum and currently a reversal. The emergency interest rates cut helps, but it makes sense if the tree is...

Madrid Wizard

All sectors were hammered, basically there was no safe heaven , except for shorts, puts, vix, bonds. Gold and Bitcoin were still in the green, but they were hit too. It is interesting to see the support there, both in the real gold and e-Gold.

Madrid Wizard

Bitcoin has been consolidating inside a triangle HL-LH. The indicators say bullish, so the recent drop means it is just a corrective move. There is not enough momentum in the weekly to commit a line here. When it won't be a correction any longer and could be called bearish? It will be when there will be closing values below the 6,000 - 7,000. If 7,000 holds then...

Madrid Wizard

Volatility is back and it's pretty strong. We can see the most hammered sectors have been Energy, Oil, Natural Gas, Pot Stocks. All other sectors have been hammered as part of the market sell off. Utilities, Bonds, Gold, Silver, Real Estate, Cryptos have been the ones where we have a positive trend. The others, both national and international stock markets have...

Madrid Wizard

Sector and industry performance relative to SPY on a year to date basis.

Madrid Wizard

This heat map shows the overall markets at a glance, the sectors, some industries, bonds, currencies, world markets. The color coding is simple: LIme : Bullish + Green: Bullish Maroon: Bearish Red : Bearish +

Madrid Wizard

The story with $AAPL has been about adding improvements to the already known devices. Some of them like adding the pencil back when back in the day the idea was to get rid of it don't make too much sense. As an Apple user I am not too happy with the ear buds and the fact that the traditional earphone plug was removed. There are features that instead of being...

Madrid Wizard

Bitcoin made an impressive come back from the Valley of Death. It is an interesting speculative instrument that keeps the market amazed. It ran from the 3K's level to 13K's then went to take a break above the 9K's where an important Support/Resistance line is located. It is still above the weekly moving average, which works as a support and after the...

Madrid Wizard

$SPY $DIA $UVXY $QQQ $IWM Hope for the best, but wait for the worst. When the music stops the party is over. This market has been the greatest Bull market in the history of Wall Street. But what will it happen if the previous All Time Highs we saw were the last ones? Considering that usually the market rises 70% and falls 30% of the time, which is a trend...

Madrid Wizard

$SPY $DIA $UVXY The Roaring 20's, at first glance you can see why. The Bull market had an unprecedented run. You only needed money to put it in the market, Wall St was a money making machine. If you didn't have money, just ask for a loan, the profits could pay off the loan+interest and still have a juicy yield. Evidently this created a bubble, the biggest one...

Madrid Wizard

$SPY $DIA $IWM $UVXY, $GLD, $TLT, $USO This market has reached the Secular 1.618 Fibonacci Resistance level. This is taking the high/low levels from the previous bull/bear market in 2007/2008 (0.618 Fib). We see the market reached the 1.0 Fib level in 2015, when we saw major volatility peaks and a market that was topping. In my opinion that should have been the...

Madrid Wizard

@realDonaldTrump $X $AA Since the trade wars started the markets that were supposed to be benefited by this policies happened to have the complete opposite effect. $AA had a loss of $7.6 B in market cap going from the 60's to the 20's level, 65% loss from the top to date. $X took a hit of $5.5 B in market cap, going from the 45's to the 15's levels and a 75%...