j_arrieta

j_arrieta Updated 

SPY/RSP (equal weighted SPX) Reached 2008 levels, surpassing already the 2020 spike. Massive RSI divergence on the monthly chart. RSI as of writing: monthly at 75, weekly at 73, and daily at 81. Very overbought despite the strong momentum.

j_arrieta Updated 

Nearing levels where 1 day implied volatility spiked. Market concentration and poor volume leed to depressed vol

j_arrieta Updated 

HS pattern on the making? Would confirm if neckline is broken to the downside.

j_arrieta Updated 

If everything's OK, why are we seeing a low appetite for high yield corporate bonds at the moment? Long term trend remains to the downside, upwards on the yield.

j_arrieta Updated 

OWN OPINIONS. NOT FINANCIAL ADVICE Gold consolidating in the 2280$-2430$ range. If broken to the upside, same range amplitude points to the 2.600$ price target. Also, the 3 year "cup and handle" (or inverted HS) leads to the 2.600$ level.

j_arrieta Updated 

OWN OPINIONS. NOT FINANCIAL ADVICE WTI has just broken the 200 week SMA to the downside. On the daily, lost the 200 day SMA, backtested and failed (very bearish sign). If MAs arenot recaptured in the very short term it might get very ugly. Also, the YTD AVWAP has been a magnet for price action. Once lost, it's gone directly to the next level at 1STD (currently...

j_arrieta

Non deflacted SPX: up 720% SPX deflacted by PCE: up 320% since 2020 lows, still not topping the 2021 highs. Huge negative divergence

j_arrieta Updated 

OWN OPINIONS. NOT FINANCIAL ADVICE US NGAS has broken short term resistances. If the key longterm trendline is finally broken, it would be uptrending again. NGAS trends in cycles, which means it's mean reversing, so after touching key supports in the 1.60$ area, it's now reversing to the long term means. Currently, it has broken the 200 day SMA, with a clean...

j_arrieta Updated 

OWN OPINIONS, NOT FINANCIAL ADVICE KRE just finished a text book wave 4 with an a-b-c pattern. Should panic appear with another bank default, sales would accelerate. Next stops on wave 5: 34$, 30$ and 26$

j_arrieta

Just extended the width of the prior flat. On the overall, maybe 5th wave also ending? Who knows, as long as the AI hype keeps running, Nvda might as well. But… maybe CISCO on 2000?