edgargargar

edgargargar

Corporate earnings and stock market getting balanced after 50 years weighted to M2 or money supply. We are entering a bubble territory.

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SPX valuation weighted to money supply and dollar index, it's showing strength, but it is near the 2007 top and still far from the 2020 top. This chart remains the possibility to reach the 2000 top on 2025, but also the 2007 could be a top. What do you think?

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#Germany #factoryorders -5.8% MoM among other bad economic data. Fake inverse head and shoulders. Cheap energy prices are not guaranteed under war uncertainty. Not looking good.

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Hang Seng has topped, after an incredible move-up. These are the next two target zones to buy the dip.

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#Altcoins reaching an important resistance. RSI looks good in the fifth attempt, so resistance looks weak now. Maybe a bull run is coming.

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Layer 2 cryptos are very important now and could be lifted during this cycle. I don't think we are in crypto "party mode" yet, but looking closer. It is important to monitor whether this move-up consolidates during the following days.

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Banks ETF shows that Banks are topping inside a distribution level and a sharp downtrend is coming closely. Maybe, this is the most important chart to monitor this week.

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The value of stock market indices is highly correlated with the amount of existing money. That is why to measure the economic cycles, I weight the value of the stock market with that of the money supply (M2), obtaining this chart. We see how after 2008, business cycles of about 4 years have been established and that, in addition, we are now in an already mature...

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The biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors. Amazon shows lower levels in the RSI in the latest move-up. It is now behind the pivot line from...

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The biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors. NVIDIA is showing a weak RSI in the latest move-ups. It bounced from the 0.382 FIB level, but maybe...

edgargargar

The biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors. Microsoft is showing a weak RSI in the latest move-ups. Maybe it needs to find liquidity in the...

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Google is having resistance in the 0.236 FIB level and is behind the top trend line signaling a more neutral bias. Maybe it needs to find liquidity in the 0.382 FIB level around 150$.

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Meta is showing RSI weakness while triple-topping. Maybe it needs to find liquidity in the 0.382 FIB level around 368$.

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Apple is showing a weaker RSI in the last move-up. The new iphone release and AI features makes investors expect a boost on sales, but maybe it will not happen at all. A drop between 10 and 20% could happen. Same concerns for magnificent7 stocks.

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SPX is entering into a distribution phase before a leg down. Moves between a 25% range could happen in the distribution phase and could last a long time. The move down afterwards could be very high.