RabishankarBiswal

RabishankarBiswal

Today we are plotting the US Dollar Index vs NIFTY50 (the top 50 Market Cap stock from India). India was one of the favourite in 2023 and 2024 has fallen out of favour. As the Dollar index is making new highs, NIFTY50 is making 20-Day, 50-Day, 100-Day and 200-Day Simple moving average . But 200-Day SMA has acted as a support and the index has jumped up form those...

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Today we are plotting the ratio chart of NVDA vs the semiconductor ETF SMH on a weekly basis. NVDY/SMH i3 at 100 Day SMA because as the rally in NDY has stalled out while other Semi stocks are having a bull run form the recent lows. The semi cap equipment companies had a bad year last year. So within semis people re going for low Market Cap stocks and the recent...

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Palo Alto Networks (PANW) the heavy weight in the Cybersecurity ETF HACK has had a very bad last few weeks. The recent correction brought the stock to the 200 Day SMA. In the past every time this happened there has been a rebound form the 200 Day SMA. Will this time will it be different ?

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As we have always said Semis are the new transports. SMH hit the 200 Day SMA on the daily chart. It has been forming a symmetrical wedge pattern. It has an equal opportunity to break out towards upside or downside. The RSI has been oscillating between 60 and 40 since Nov 2024. Watchout the SMH chart to confirm if stock market bull market is intact.

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Late last summer on Aug 5th when the Yen Carry trade unwound, the S&P 500 fell more than 5% intraday and VIX spiked to 60. This marked a localized bottom on the USDJPY daily chart with US10Y making 52 week lows the following month Sept. Since then, the US10Y has been on a relentless run to the 52-week high of 4.79%. This reminds us that under the surface there...

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In our ‘Daily dose of Chart’ today we are looking into Crypto and US10Y rates. We are plotting Total 3 Crypto market Cap vs US 10 Y. Total 3 Crypto Market Cap which is the sum of all the total Crypto market cap except BTC and ETH. The Total 3 was in a bearish pattern throughout 2022 and 2024 when the US10Y was making a head and shoulder pattern. After completing...

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After suffering a brutal bearish phase from 2021 to 2022 when the ETF ‘IPO’ suffered a 70% drawdown the ETF is recently having a renaissance. ETF has been having a comeback since 2024. It has recovered almost 80% from its lows. The recent weakness in the market has pushed it below 100 day SMA in the weekly charts.

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#TGIF. A simple chart to end the week. The US Small Cap index Russel 2000 its just hovering above its 200 Day SMA on the daily chart. Every time this happened in the last 1 year it was a bullish indicator in a medium term. The 50- and 100-Day SMA are below the 20 Day SMA which is a short term bearish indicator.

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Another ratio chart. Today we look at the performance of India NIFTY50 vs US S&P 500 on a weekly basis. IN this ratio chart all the 50-, 100- and 200-day SMA are below the short term 20 DMA. Prior tops can act as support as indicated by the red arrows. The estimate is that the chart will consolidate here, and the future direction will be determined by the US...

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Something is brewing up in this ratio chart between NASDAQ100 vs US10Y. We see in our ratio chart on a daily timeframe, that the 20 Day DMA is already below the 50 DMA and 100 DMA and on the way to be below 200 DMA. The last time it did this in April 2024 it was an bullish indicator. The assessment is that the 20 DMA first goes below 200 DMA in the next couple of...

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Even if the XLK (Tech sector ETF) hitting all time highs. But within the sector we see major rotation from Semis to Software to Cyber security. Last 6 months the Semis underperformed the Cybersecurity sector. But this has flipped recently on the daily basis. There is a bullish head and shoulders pattern forming on the SMH / HACK.

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Total 3 Crypto Market Cap excluding #BTC and #ETH trying to breakout of the previous highs of Oct 2021 during the prior Alt season. Already did try a failed breakout once. Will it succeed the next time ? For this to happen the big caps #SOL , #BNB and #XRP have to outperform.

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Bullish cup and handle pattern on BTD Dominance / USDT Dominance ratio chart on a daily basis.

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BTC Dominance chart on a daily basis was on a upward sloping channel with higher highs and higher lows. But the chart has now broken down out of the pattern to the downside. May be 61% was peak for this cycle. What do you think ?

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US10Y in a bearish channel. Will it breakout to the up side or respect fail and break towards the downside?

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EURUSD shots position have build up in the recent weeks. EURUSD can have a positioning risk reversal which makes it short term bullish but in medium to long term the chart is in a bearish trend.

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NVDA finding support at 130 $ which happens to be 100 DMA.

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Seems price have memory. This 22 years chart of SMH vs IGV shows failed breakout of Semis vs IGV on a monthly basis plotted over 22 years. Will it breakout this time around after a 22 years base building ? Can NVDIA and AVGO help ?