Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.79

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Jan 6 4:00 PM EST

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To: Claude Cormier who wrote (183622)	1/9/2023 3:22:05 PM
From: #Breeze	4 Recommendations Recommended By Goldilocks GROUND ZERO™ Katelew Mevis Read Replies (3) of 221369

Thanks. I'd be interested in your pointing out the chart that look bullish and may not align with fundamentals. I have alternate counts on certain charts/markets that suggest a contra view. I've posted charts on yields, inflation, currencies, commodities and bonds. The yield charts suggest a peak and a pull back only to be followed by higher rates. If true then the charts I've posted for USB suggest higher prices. The inflation charts I've posted for the US suggest a peak and a pullback only to be followed by higher inflation rates. The USD Index charts I've posted suggest a falling dollar. The above is confirmed by the commodity charts I've posted. Gold is a different animal. To me its about loss of confidence in the government. Yes falling dollar and yields are a factor. The NDX is in worst shape than the SPX and Dow. And I'll post that chart again. If the current downside leg does not truncate then it will fall below the Oct low. The breakdown from a huge H&S top projects 5,220. As you know this index is overnighted by Apple, Amazon, Google, Microsoft and Meta. All of them have bearish wave counts that have not confirmed a bottom. So I've wondered how can the SPX and Dow have a continued bullish counts. (BTW I do have a bearish alternate count for the Dow). Capital flow from foreign investors into the US is what to watch. If Europeans decide that safety is to found in US and move capital here then the USD will move higher. In the past safety was found in US Bonds. Not so this time. So the fight maybe into large cap companies (liquidity is key) so the Dow Index will benefit. Sovereign funds are concerned with how the US has used sanctions and will think twice about buying US Treasuries. So how the US fund its deficits if demand wanes by China, Saudis, etc. By the Fed. So that offsets part of their QT program. What seemed so interdependent has been dislocated. So I haven't a clue how these markets will unfold. I just wave count what I observe and try to filter out a bias. Breeze

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