Newsletter is published Sun-Thr evenings around 10:30 pm CST
UNDERSTANDING THE CYCLE CHARTS
Instruction for reading the cycle charts and indicators. Click Here
Ideally, you want to look for a turn in the cycles and at least two of more reversal signals happening at the same time.
Comments, Insights & News
- Cardano Becomes a Multi-Asset Blockchain With Today’s Hard Fork Click Here
- Bitcoin Briefly Climbs Back Above $50K for First Time in Six Days Click Here
- Oil extends losses on worry over possible supply increase from OPEC - Click Here
- Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust - Click Here
- Oil Drops on Pre-OPEC Jitters of Higher Output - Click Here
- AMC, Retailers, Healthcare IPOs: 3 Things to Watch - Click Here
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For trading 3/2/2021
MAJOR |
Symbol |
Last |
Chg. |
Chg. % |
.DJI |
31535.51 |
$603.14 |
1.95% |
.DJT |
13618.09 |
$286.82 |
2.15% |
.NDX |
13282.95 |
$373.51 |
2.89% |
GBTC.PK |
45.82 |
$2.62 |
6.06% |
GLD |
161.55 |
($0.26) |
-0.16% |
IWM |
226.13 |
$7.82 |
3.58% |
SLV |
24.6 |
($0.06) |
-0.24% |
SPY |
389.53 |
$9.17 |
2.41% |
TLT.O |
141.06 |
($1.89) |
-1.32% |
UNG |
10.37 |
$0.05 |
0.48% |
US500 |
3901.82 |
$90.67 |
2.38% |
USO |
40.6 |
($0.71) |
-1.72% |
UUP |
24.54 |
$0.02 |
0.08% |
|
SECTORS |
Symbol |
Last |
Chg. |
Chg. % |
RWR |
91.72 |
$0.62 |
0.68% |
XBI |
151.64 |
$3.64 |
2.46% |
XHB |
63.39 |
$1.35 |
2.18% |
XLB |
75.4 |
$1.85 |
2.52% |
XLE |
49.4 |
$1.25 |
2.60% |
XLF |
33.31 |
$1.00 |
3.10% |
XLI |
92.95 |
$2.34 |
2.58% |
XLK |
134.81 |
$4.12 |
3.15% |
XLP |
63.94 |
$0.64 |
1.01% |
XLU |
59.61 |
$1.25 |
2.14% |
XLV |
114.01 |
$1.40 |
1.24% |
XLY |
165 |
$3.85 |
2.39% |
XRT |
83.34 |
$4.08 |
5.15% |
|
CRYPTOS |
Symbol |
Last |
Chg. |
Chg. % |
BCH |
499.23 |
$38.91 |
8.45% |
BTC |
49591 |
$4,291.00 |
9.47% |
DENT |
0.0012 |
$0.00 |
0.00% |
DGB |
0.059 |
$0.01 |
15.89% |
DOGE |
0.050577 |
$0.00 |
3.89% |
EOS |
3.693 |
$0.21 |
5.97% |
ETC |
10.941 |
$0.59 |
5.73% |
ETH |
1558.58 |
$138.21 |
9.73% |
LTC |
175.452 |
$10.19 |
6.17% |
THETA |
3.2492 |
$0.12 |
3.84% |
XLM |
0.4299 |
$0.02 |
6.04% |
XRP |
0.4478 |
$0.03 |
7.77% |
ZRX |
1.34132 |
$0.13 |
10.73% |
|
FOREX |
Symbol |
Last |
Chg. |
Chg. % |
AUD/JPY |
83 |
$0.070 |
0.08% |
AUD/USD |
0.777 |
$0.000 |
0.00% |
EUR/AUD |
1.5513 |
$0.002 |
0.11% |
EUR/CHF |
1.1026 |
$0.001 |
0.05% |
EUR/GBP |
0.8653 |
$0.000 |
0.03% |
EUR/JPY |
128.72 |
$0.120 |
0.09% |
EUR/USD |
1.205 |
$0.000 |
0.02% |
GBP/AUD |
1.7926 |
$0.002 |
0.13% |
GBP/JPY |
148.76 |
$0.170 |
0.11% |
GBP/USD |
1.3926 |
$0.000 |
0.03% |
USD/CAD |
1.2646 |
$0.000 |
0.00% |
USD/CHF |
0.915 |
$0.000 |
0.02% |
USD/JPY |
106.83 |
$0.070 |
0.07% |
|
https://money.cnn.com/data/fear-and-greed/
INO Evening Markets Report (INO.COM)
DOW
The Dow closed sharply higher on Monday as manufacturing activity rallied to 2-year high signaling that the economy began picking up steam at the start of the year. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow resumes the rally off February's low into uncharted territory, upside targets hard to project. Closes below the 50-day moving average crossing at 30,891.90 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at 32,009.64. Second resistance is unknown. First support is the 50-day moving average crossing at 30,891.90. Second support is January's low crossing at 29,856.30.
GOLD
April gold closed lower for the fifth-day in a row on Monday as it extended the decline off January's high. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends the decline off January's high, the 62% retracement level of the 2019-2020-rally crossing at $1634.70 is the next downside target. Closes above the 20-day moving average crossing at $1803.10 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at $1803.10. Second resistance is the 50-day moving average crossing at $1846.80. First support is the 50% retracement level of the 2019-2020-rally crossing at $1725.30. Second support is the 62% retracement level of the 2019-2020-rally crossing at $1634.70.
SILVER
May silver posted an inside day with a higher close on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at 26.600 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If May resumes the rally off January's low, February's high crossing at 30.350 is the next upside target. First resistance is February's high crossing at 30.350. Second resistance is monthly resistance on the continuation chart crossing at 30.727. First support is the 50-day moving average crossing at 26.600. Second support is January's low crossing at 24.095.
CRUDE
April crude oil closed lower on Monday as it consolidated some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $59.09 would signal that a short-term top has been posted. If April extends the rally off November's low, the October-2018 high crossing at $67.23 is the next upside target. First resistance is last-Thursday's high crossing at $63.81. Second resistance is the October-2018 high crossing at $67.23. First support is the 20-day moving average crossing at $59.09. Second support is the February 12th low crossing at $57.31.
NAT GAS
April Henry natural gas closed slightly higher on Monday as it consolidates some of the decline off last-Friday's high. The high-range close sets the stage for a steady to slightly higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 2.716 would confirm a trend change while opening the door for additional weakness near-term. Closes above the 10-day moving average crossing at 2.889 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 2.889. Second resistance is February's high crossing at 3.060. First support is the 50-day moving average crossing at 2.716. Second support is the 62% retracement level of the December-February rally crossing at 2.596.
US DOLLAR
The March Dollar closed higher for the third day in a row on Monday as it extends the rally off last-Thursday's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off last-Thursday's low, February's high crossing at 91.61 is the next upside target. If March renews the decline off February's high, January's low crossing 89.16 is the next downside target. First resistance is the today's high crossing at 91.15. Second resistance is February's high crossing at 91.60. First support is last-Thursday's low crossing 89.67. Second support is January's low crossing at 89.16.
Things To Watch
- Bo Polny says DJIA will drop to 15,000.
- Charles Nenner is calling for a DJIA of $5000 in the latter part of 2021 or spring of 2022.
- Mars will be in Aries from June 27th 2020 to Jan 6th 2021. Strong chance of open conflict
- Clif High is calling for $600 Silver.
Bullish TA |
642 | 398 | New 52-week Highs |
168 | 52 | Strong Volume Gainers |
19 | -4 | Bullish 50/200-day MA Crossovers |
100 | 35 | Bullish MACD Crossovers |
20 | -24 | Oversold with an Improving RSI |
458 | 354 | Moved Above Upper Bollinger Band |
455 | 360 | Moved Above Upper Price Channel |
452 | 359 | Moved Above Upper Keltner Channel |
349 | 209 | Improving Chaikin Money Flow |
565 | 450 | New CCI Buy Signals |
505 | 339 | Parabolic SAR Buy Signals |
180 | 98 | Stocks in a New Uptrend (Aroon) |
84 | 31 | Stocks in a New Uptrend (ADX) |
107 | 73 | Gap Ups |
3 | 2 | Breakaway Gap Ups |
34 | 24 | Runaway Gap Ups |
2 | 1 | Island Bottoms |
|
Bearish TA |
8 | -9 | New 52-week Lows |
53 | -62 | Strong Volume Decliners |
15 | -3 | Bearish 50/200-day MA Crossovers |
272 | -363 | Bearish MACD Crossovers |
18 | -105 | Overbought with a Declining RSI |
137 | -368 | Moved Below Lower Bollinger Band |
107 | -400 | Moved Below Lower Price Channel |
72 | -214 | Moved Below Lower Keltner Channel |
109 | -29 | Declining Chaikin Money Flow |
215 | -782 | New CCI Sell Signals |
187 | -1050 | Parabolic SAR Sell Signals |
118 | -138 | Stocks in a New Downtrend (Aroon) |
63 | -73 | Stocks in a New Downtrend (ADX) |
36 | -62 | Gap Downs |
2 | 2 | Breakaway Gap Downs |
1/11/1900 | -24 | Runaway Gap Downs |
1 | 1 | Island Tops |
|
Bullish Reversals |
76 | 7 | Bullish Engulfing |
4 | -6 | Piercing Line |
38 | 37 | Morning Star |
39 | -38 | Bullish Harami |
1 | 0 | Three White Soldiers |
|
Bearish Reversals |
52 | -23 | Bearish Engulfing |
3 | -1 | Dark Cloud Cover |
0 | -8 | Evening Star |
8 | -35 | Bearish Harami |
11 | -3 | Three Black Crows |
|
Bullish P&F |
2926 | 362 | P&F Double Top Breakout |
390 | 48 | P&F Triple Top Breakout |
53 | 3 | P&F Spread Triple Top Breakout |
929 | 78 | P&F Ascending Triple Top Breakout |
53 | 9 | P&F Quadruple Top Breakout |
65 | 6 | P&F Bearish Signal Reversal |
69 | 6 | P&F Bear Trap |
39 | 1 | P&F Bullish Catapult |
75 | 21 | P&F Bullish Triangle |
419 | 79 | P&F Low Pole |
|
Bearish P&F |
1417 | -469 | P&F Double Bottom Breakout |
170 | -31 | P&F Triple Bottom Breakdown |
24 | -4 | P&F Spread Triple Bottom Breakdown |
367 | -144 | P&F Descending Triple Bottom Breakdown |
30 | -4 | P&F Quadruple Bottom Breakdown |
65 | -31 | P&F Bullish Signal Reversal |
52 | -9 | P&F Bull Trap |
16 | -2 | P&F Bearish Catapult |
32 | -13 | P&F Bearish Triangle |
562 | -156 | P&F High Pole |
44 | -15 | P&F Long Tail Down |
|
Last Week's Matrix
Learn More: Previous Weekly Matrix with explanation.

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