Happy New Year 2022! 😊

Cheers to all...thank you for vising my site this year and for your kind emails.

Thank you to the following sites for hosting my articles this year:

- Investing com

- TalkMarkets.com

- McVerryReport.com

Best wishes for a very Happy New Year 2022 and may it bring good health, peace and prosperity! 😊

How Much Longer Until Bitcoin Hits 20,000?

* See UPDATE below...

How much longer until Bitcoin (BTC/USD) catches up to SPCE and hits 20,000, or lower?

It's been lagging SPCE since June...and judging by the price action on the following weekly comparison chart, it may be sooner rather than later.

* UPDATE January 5...

20,000 still possible...or lower (plus see my 2021 Market Wrap-Up and 2022 Forecast here for context)...

Boxing Day 2021...This Time It's Different 😏

When all you've received for Christmas is the box, Boxing Day takes on a whole new meaning this year...😏

2022 can't come soon enough! 🎉

Merry Christmas 2021! 😊

More Biden Nonsense

When will President Biden begin to discern and disseminate fact over fiction? 

Eleven months later and Americans are still waiting for him to rise above the typical Washington nonsense and stop the spin. The only transparency he's displayed is his habitual and troubling penchant to utterly obfuscate actual facts.

But, he's not fooling anyone. Luckily, Americans are smart enough to know this and will remember at the voting booths in 2022 and 2024.

Source: ZeroHedge

US10-Year Treasury Yields At Crossroads

* See UPDATE below...

US10YT is sitting at a major price crossroads level, as shown on the following monthly chart.

The tightening triangle formation on the Balance of Power, shown in histogram format, is indicating that price will break out of its current tight consolidation at some point in the near future.

Keep an eye on the BOP for clues on direction, strength and sustainability of such a breakout.

* UPDATE December 22...

What if...

Source: ZeroHedge

GOLD Poised For A Breakout

* See UPDATE below...

GOLD is poised for a breakout and a retest of 2,000, or higher, as shown on the following monthly chart.

Major resistance is around 1,850 and major support around 1,750.

The William's Alligator is flat on the daily and weekly charts, so watch for a curl and hold up or down in the days and weeks ahead to, first forecast, then confirm, a breakout in either direction.

* UPDATE December 28...

Another perspective on GOLD's prospects...

Source: ZeroHedge

ZeroHedge excerpt

Technology Sector Bounce Possible...IF...

The Technology sector may be in for a bit of a bounce here, IF major support holds on FNGU -- an exchange-traded note that tracks 3x the daily price movements on an index of US-listed technology and consumer discretionary companies -- around the 32.00 level (price support plus the upper moving average on the William's Alligator on the monthly timeframe).

Check out the daily, weekly and monthly charts below.

However, any sustainable rally must break and hold above the trendline on the weekly chart around 33.00.

Otherwise, look for further weakness to continue.

"Monday's Musings"...More Supply Chain Woes 😏

 

TGIF: Supply Chain Issues 😏

 

SPX: Where Are We Now?

* See UPDATES below...

I recently wrote about the SPX and SPX:VIX ratio here.

In it, I mentioned that, "Volatility is rising and is fraught with large-scale whipsaw action...expect this to continue for the near future."

Take a look at the following graphic. 

Now compare it to the following monthly chart of the SPX.

I don't think anyone could be faulted if they labelled the SPX as being in the beginning of the "Blowoff Phase" (noted on the graphic) at or near the top of this extremely overextended long-term bull run...with "Public Money" most at risk.

The price has spiked far above the channel "mean" since it last touched it in May of 2020, and it will return at some point.

If so, and, as inflation continues to rise, look for volatility to continue into 2022 and watch for the "Smart Money" and "Institutional Investors" to divest themselves of high-risk assets (growth sectors), take profits, and hold cash for awhile, before rotating back into value sectors.

Perhaps Elon Musk had similar ideas when he sold some of his TSLA shares recently.

This link to Insiders Buying and Selling may provide such insight...as well as this link.

BUT, don't just take my word for it...someone else is predicting a blow-off to levels much lower than anticipated (article below)..."yowza" indeed.

And, as noted on the monthly chart above, the SPX channel "mean" is around 3200 at the moment, so a reversion to that level would wipe out gains from the past year and a half...who's prepared for that!

Source: ZeroHedge

ZeroHedge excerpt

* UPDATE December 10...

The true cost of Biden's "Build Back Better" bill is exposed: it's "...shameless...patently absurd...mind bending logic..." to say that it's free.

Source: ZeroHedge

ZeroHedge excerpt

And, with inflation running at 40-year highs (CPI = 8% m/m and 6.8% YoY...real inflation is up around 15% this year over last year), passage of this bill would cripple low and middle-income American taxpayers for a very long time.

Source: Forex Factory December 10, 2021

Source: Investing.com December 10, 2021

Source: Investing.com December 10, 2021

It would be reckless for market participants and taxpayers not to take these facts into consideration over the coming months.

* UPDATE December 11...

Are insiders engaging in ponzi schemes? As I mentioned above, keep an eye on their sales.

Source: ZeroHedge

ZeroHedge excerpt

ZeroHedge excerpt

* UPDATE December 12...

Is this legal???

* UPDATE December 13...

And...there's more...

Link to tweet

Some things haven't changed since 43 BC 😕...

Is anyone surprised?...

* UPDATE December 14...

Wait...there's more (inflation...PPI YoY = 9.6%)...and it will get worse...

Source: ZeroHedge

ZeroHedge excerpt

ZeroHedge excerpt

* UPDATE January 9...

Is anyone surprised by this headline?