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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (169282)3/8/2021 10:59:32 AM
From: TobagoJack  Read Replies (3) | Respond to of 217591
 
Re << Looks like Au and BTC hedge each other, lol.>>

New-New-Normal.

Had you uttered the thought just a few months ago all would have thought you mad.

To think, amorphous BTC, just a crypto string invented by someone who might as well be from the Twilight Zone, an institutionally accepted hedge for massively dense gold - how absurd; and yet ... NFTs instagram.com

... and I never and do not understand what anyone saw in Lindsay Lohan.

bloomberg.com

Should You Buy a Bitcoin-Inspired Image of Lindsay Lohan?

Crypto artworks featuring the likes of Biden, Trump and a cartoon cat are all the rage. Here’s what you should know about such collectibles, called NFTs.

Katharine Gemmell
March 8, 2021, 7:30 PM GMT+8


Great art usually defies easy explanation. Perhaps that’s why it’s seemingly inexplicable that the surge in Bitcoin and other cryptocurrencies has given rise to its own world of masterworks.

Lindsay Lohan starred in a beloved piece of art — “Mean Girls” — 17 years ago, but these days she’s minting and selling her image for thousands of dollars through another artform: non fungible tokens, or unique digital collectibles. Musician Grimes (and partner of Bitcoin fan and mega-billionaire Elon Musk), Dallas Mavericks owner Mark Cuban as well as scores of other famous and non-famous people around the world are getting in on the action around such NFTs.

These digital collectibles — in myriad iterations such as memes, pictures, animations and videos — have been getting made and sold for several years, but were relegated to the realm of hardcore crypto enthusiasts until recently. Their connection to digital currencies is that the same technology ( blockchain) underpinning virtual coins also helps ascribe ownership and authentication to these artworks.

Over the past few months, interest in NFTs has exploded as cryptocurrencies gained mainstream acceptance and pop-cultural cachet. Prices have hit eye-watering heights, with total sales topping $60 million last month versus less than $250,000 a year earlier.

Should investors who have long turned to art as a tangible way to enliven both their collections and portfolios now consider buying a GIF animation rather than, say, a bronze sculpture? After all, established financial institutions are increasingly warming to the idea of putting money into digital currencies, so why not invest in a work associated with crypto, you may wonder.

Here’s what you need to keep in mind if you are considering taking the plunge:

How are NFTs doing?The current size of this nascent market is hard to estimate because of the way NFTs are structured. In essence, every piece is its own individual market. Still, an annual report by NonFungible.com, a blockchain gaming and crypto collectible database, estimated that the overall NFT market was worth more than $250 million last year (up 299% from 2019), even before the recent surge in interest.

What’s clear is that people are willing to pay big money for NFTs. One collector who calls himself a “digital asset investor” recently resold a digital artwork of Joe Biden and Donald Trump nude for $6.6 million. Meanwhile, the iconic Nyan Cat GIF and a video of LeBron James separately fetched hundreds of thousands of dollars. Grimes sold $6 million worth of digital art in late February, and one picture of Lohan’s face went for $17,000. Another fetched about $44,000.

Much like a prime Picasso, it’s the scarcity of NFTs that allows them to command such high prices. Unlike regular content that can be endlessly copied and replicated online, the blockchain tech behind NFTs allows unique signatures confirming authenticity as well as proof of ownership to be assigned to digital artworks, making each collectible one of a kind.

“There wasn’t a way to own things or know that you owned them online before this,” said Matt Hall, the co-founder of CryptoPunks, one of the earliest crypto art blockchain projects that was created by Larva Labs in 2017. “The miracle of digital is that copying was perfect and free. This is reversing part of that — which is kind of weird.”

If you’re questioning whether this trend will catch on in the traditional art market, know that even establishment darling Christie’s is getting involved. It’s the first major auction house to offer NFTs and is accepting cryptocurrency as payment.

What’s the case for buying? If you think NFTs are the future. Ownership of digital art has proved a thorny issue since the advent of the internet. NFTs could potentially solve this by allowing for a secure way to store digital assets and prove ownership. Meaning you also won’t need to keep your new artwork in the family safe.

And some say we could be seeing the future of blockchain technology at work. “NFTs are a big statement on the longevity of blockchain technology, cryptocurrencies, and the monetization of content creation,” Douglas Boneparth, president of Bone Fide Wealth, a New York-based financial advisory firm, said.

The rock band Kings of Leon is releasing its latest album as a non-fungible token. Proponents of NFTs say that they even have the potential to expand to other areas like property, and that maybe one day anything could be tokenized.

If you think they democratize access to owning art. Investing in art has traditionally been the reserve of the upper-classes who can afford to invest in something that is likely to lose value. Crypto art could provide a way for those with less capital to invest in works.

Practically speaking, those who may want to invest in art, but have nowhere to put it up, could be interested in NFTs as an alternative. “You don’t have to think about where to put it when you want to buy it,” said John Crain, the chief executive officer of SuperRare, an online platform for the creation and collection of crypto art. “It’s expanding the market.”

If you think NFTs are less risky than buying traditional art. Investing in art can be inherently risky — how do you know it’s legit? Some think that investing in crypto art and NFTs may prove to be less so.

“Investing in an NFT, if you believe in the value, is in a way not very risky. You know that it’s an authentic piece, you know who made it, you know whether it’s an edition or not,” said Nanne Dekking, former Sotheby’s vice chairman and founder of Artory, a registry that records artworks on blockchain technology. “All the questions that you as a buyer of art will have to ask yourself when you buy traditional art are already part of the art work that you will be buying.”

If you’re interested in buying fractionally. Fractionalizing is an increasingly popular way to buy art in recent years, as it allows owners to buy shares in the same piece. The same argument for NFTs being less risky also applies to why it could be ideal for tokenization. Through blockchain technology, fractionalization can actually be part of the digital artwork itself.

“The reason why NFTs are so easy is because all the information is correct. If you start to fractionalize or tokenize an artwork — let’s say a Monet — it’s hard to know for sure you’re actually investing in the right Monet,” Dekking said.

…and what are the reasons to steer clear?If you think NFTs are mostly hype. There’s been a huge amount of noise around NFTs in the last few weeks. Naysayers argue that this could all just be hype, pushing prices up and inevitably ending in a crash. Data provided to Bloomberg by CryptoPunks showed that a large portion of the total value of its transactions came over the last four weeks.



CryptoPunks NFTs

Courtesy: Matt Hall and John Watkinson

Since 2017, CryptoPunks works have made about $95 million — of which around $81 million was in the past month.

“It may be a bubble, we don’t know. There’s been all kinds of art streams and art movements that in the end turned out to be, at least financially speaking, stuck in a bubble,” Dekking said.

If you don't understand them. It probably goes without saying that you shouldn’t invest in something you don’t understand. The main argument against crypto art and NFTs is that there’s simply no point to them. Critics ask why you can’t just make do with a screenshot or a print-out of a piece of digital art. Some just don’t see the value in being able to prove uniqueness and ownership of something inside a computer.

“You have to be very careful unless you’re fully au fait with how blockchain and crypto tokens work. It has to be considered a specialist investment,” said Andrew Shirley, who created and compiles the Knight Frank Luxury Investment Index, which tracks the value of 10 asset classes including classic cars, art and wine.

If you believe that passion investments have to be tangible. When investing in art, the expert consensus is that you should always invest in something that you actually like looking at. With crypto art, yes you can carry it around on your phone or laptop, but you can’t hang it up in your living room or impress guests with it.

Shirley urges caution on calling crypto art a passion investment in the way traditional art fits this category. For luxury investments, he says it’s better to focus on the practical aspect of things.

“If you’re investing in art, buy art that you’re passionate about and enjoy looking at. Buy a car that you’re going to enjoy driving, buy jewelry that you’ll like to wear,” Shirley said.

Before it's here, it's on the Bloomberg Terminal.
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To: carranza2 who wrote (169282)3/8/2021 9:07:22 PM
From: sense  Read Replies (1) | Respond to of 217591
 
Watching very closely now while waiting for it...

The QQQ did not like my weekend rain dance...

The previously almost worthless SQQQ options... now totally worthless... after a sliver of hope emerged in the morning, elevating the 13 strike puts to a peak at $.06 on 41 contracts traded at 10:32. The big money was in the 12 strike, which was up 100% from $0.01 to $0.02 on 4 contracts traded... but the rally fizzled... LOL!!!

SQQQ was $16.32 at the close, up 8.5%... volume only 184 million versus over 300 million on Thursday and Friday... while the SRTY was up from $11.15 at 09:32 to $11.54 at the close... it still reports as flat and down again... compared to Friday's close, and to the open at $11.69. The drop at the open done on tiny volume... but the rise into the close tied to one big candle in 6.67 million traded at the end of the day.

A hint that tomorrow might be red in a way that is a bit more evenly distributed ?

In the SQQQ calls today... on the March 12... showing everything from $14.50 to $20 up over 100%.... a tad more fulfilling... hinting at an acceleration tomorrow ? In the puts, 15 is the new 13... but looks hopeless.

And that's all a lot more interesting in what it says about the market tomorrow as SQQQ moved up all day, without a lot of variation in the movement... from 10:30 on it just followed a slope higher, as on a rail...

The divergence made apparent, between "the market" and QQQ... seemingly a move with a bit more strength behind it in the morning ? But, late in the day, the S&P 500 decided to switch its guide, now maybe following QQQ as the leader... even if only barely into the red on the day ? The Dow and Russell 2000 moved lower too, only later in the day... but still stayed in the green on the day... if you too willingly ignore the intra-day patterns as meaningful...

I find myself feeling overly ignorant in the nuances of market history in prior divergences between various indexes... and think that worth revisiting as this one continues and expands... the role in market leadership not requiring leaders must proceed in only positive directions... but requires them only appearing to know what they're doing in banging the drum... and then proceeding with that certain air of authority ? The noise being made in divergences will become increasingly distracting soon... unless there is a bit more following soon...

Did see a video from Cathy Wood over the weekend... looking a bit frazzled... the stress taking a toll, although not yet to the level seen recently in a Goldman Sachs head silver trader losing his ass on a short position that stood for delivery... that settled for cash, or "by other means" quietly, out of the public eye, to avoid a spectacle. Wood was exhorting her ARC people about the wisdom of "buying the dip"... in essence... and the inevitability of a very large number of her picks being spectacular winners in the future... dancing very close to the edges of what she herself noted as of interest to those monitoring compliance with the rules in what she can say... even while contradicting herself a couple of times... amplifying the risks. Thought it worth noting... as the roasting of marshmallows came to mind for some reason...

Oil as WTI peaked at $67.96 overnight, down all day today a low at $64.64...

So, not leaping back into oil shares while "wait for it" rules... a good call... in avoiding a bad one...

I think oil will roll back into the $60 range the Saudi's want... the peak at $68 being $2 higher than I expected the trade around $60 to roam on the upside... now perhaps roaming below it soon... while the Saudi's also "wait for it"... before making any moves in changing price targets... if and as growth resumes and "sticks"...

But, it leaves us today with almost everything being down or going down... at the same time...

Silver down 2% Gold down 1.5%... rounding out the bad day for almost everything... with the shares matching the price moves in the metals... and at least not leveraging them lower...

Cash... the best trade on the day... other than short the QQQ ?



To: carranza2 who wrote (169282)3/10/2021 2:57:51 AM
From: TobagoJack  Respond to of 217591
 
The DEFCON 5 condition remains on, but ...

Gold is fast approaching a high probability bottom level. Gold fell 20.5 points Monday, closing at 1678.0, inside a corrective descending expanding triangle pattern we show on page 49. If it decides to drop to the bottom boundary of this pattern, Gold could settle for a bottom around the 1650 to 1675ish area. It is almost there. Silver fell 0.02 Monday and Mining stocks fell 2.62. Mining stocks look to be completing corrective wave iv down, with v-up to follow.


Simply go to www.technicalindicatorindex.com

***********************************************

Today's Market Comments:

Stocks had an up-day Tuesday, March 9th, with a few strange wrinkles. The Industrials rose sharply intraday, then for the second day in a row, gave up a huge chunk of the gains into the close. This price action in the Industrials Tuesday formed a Shooting Star candlestick pattern, often seen at tops of at least small degree of trend. In the short-term charts on pages 37 and 38, we see the Industrials are close to completing short-term rising trends inside two possible patterns.

The S&P 500 rose Tuesday, and reached the upper boundary of a pattern that is now clear, a Declining Expanding Wedge. This Wedge has upper and lower boundaries that have stopped all rallies and declines over the past three weeks, precisely, providing key resistance and support. It just reached the top boundary, so if the price action continues within the pattern, it means the S&P 500 is now at risk of starting a decline toward 3675, 200 points lower than Tuesday's close. A breakout above the upper boundary would be a Bullish breakout and negate the short-term Bearish potential.

The NASDAQ 100 had a strong rebound Tuesday, up almost 500 points, after losing 1500 points over the past several weeks. The rebound currently has three subwaves, so at this point looks corrective.

On Tuesday, our small cap Russell 2000 Purchasing Power Indicator remains on a Buy signal. Our Blue Chip key trend-finder indicator remains Neutral. Our three-component NASDAQ 100 key trend-finder indicator generated a Neutral signal Tuesday, as the NDX Purchasing Power Indicator and 14 day Stochastic reversed back to a Buy. Our HUI Mining stocks key trend-finder indicator moved to a Neutral signal, as the HUI triggered a new Buy signal.

Our intermediate term Secondary Trend Indicator generated a Sell signal Thursday, March 4th, and remains there Tuesday, March 9th, rising 2 points (out of a possible 9 points), to positive + 2. It needs to rise above positive + 5 for a new Buy signal.

The month of March tends to be volatile, with major trend turns starting or ending. There is a Phi mate turn date ideally scheduled for March 31st. A Phi Mate turn date is a cycle turn date that identifies high probability tops or bottoms within a week or so, based upon an historic observation that tops or bottoms tend to occur a Fibonacci number of trading days from a previous top or bottom that correlates at a Phi ratio, 0.618, or the value 1.0 minus Phi, 0.382, from the all-time inflation adjusted top in the Dow Industrials, in terms of Gold's value in U.S. Dollars, January 11th, 2000.

Over the past year, The VIX has formed a five wave Declining Wedge pattern, with a support shelf around 20ish. The VIX recently spiked above 35 to conclude the fourth wave (D) up and is now traveling in the fifth wave, (E ) down. It is again approaching the support shelf. Once (E ) bottoms, the VIX will be poised to rise sharply, which would coincide with a strong stock market sell-off. The VIX's Daily Full Stochastics recently dropped to a level seen at past bottoms. It has since risen as stocks have declined.

Gold is fast approaching a high probability bottom level. Gold fell 20.5 points Monday, closing at 1678.0, inside a corrective descending expanding triangle pattern we show on page 49. If it decides to drop to the bottom boundary of this pattern, Gold could settle for a bottom around the 1650 to 1675ish area. It is almost there. Silver fell 0.02 Monday and Mining stocks fell 2.62. Mining stocks look to be completing corrective wave iv down, with v-up to follow.

Our Blue Chip key trend-finder indicators generated a Neutral signal March 5th, 2021 and remain there Tuesday, March 9th, 2021. The Purchasing Power Indicator component triggered a Buy signal Friday, March 5th. The 14-day Stochastic Indicator generated a Buy on March 5th, 2021, and the 30 Day Stochastic Indicator generated a Sell on February 19th, 2021. When these three indicators agree, it is a short-term (1 week to 3 months' time horizon) key trend-finder directional signal. When these three indicators are in conflict with one another, it is a Neutral (Sideways) key trend-finder indicator signal.

Demand Power Rose 7 to 470 Tuesday, while Supply Pressure fell 3 to 453, telling us Tuesday's Blue Chip rise was moderate. This DP/SP Indicator moved to an Enter Long Signal March 9th, and remains there Tuesday, March 9th, 2021.

The HUI key trend-finder indicator triggered a Neutral signal March 9th, as the HUI 30 Day Stochastic triggered a Sell signal February 18th, 2021, and our HUI Purchasing Power Indicator triggered a Buy on March 9th. When these two indicators agree, it is a directional signal, and when at odds with one another, it is a combination neutral signal. The HUI Demand Power / Supply Pressure Indicator moved to an Enter Short signal January 11th. On Tuesday, March 9th, Demand Power rose 4 to 396 while Supply Pressure fell 5 to 412, telling us Tuesday's HUI rise was moderate.

DJIA/SPY PPI Rose 6 to - 14.47, on a Buy

DJIA 30 Day Stochastic Fast 60.00 Slow 55.33 On a Sell

DJIA 14 Day Stochastic Fast 80.00 Slow 53.33 On a Buy

DJIA % Above 30 Day Average 60.00

DJIA % Above 10 Day Average 83.33

DJIA % Above 5 Day Average 86.67

Secondary Trend Indicator Up 2 to Positive + 2, On a Sell

Demand Power Up 7 to 470, Supply Pressure Fell 3 to 453 Buy

McClellan Oscillator Rose to Negative - 6.25

McClellan Osc Summation Index -2702.29

Plunge Protection Team Indicator + 1.47, an "OFF" signal

DJIA 10 Day Advance/Decline Indicator + 85.4 on a Sell

NYSE New Highs 278 New Lows 9

Today's Technology NDX Market Comments:

The NDX Short-term key Trend-finder Indicators generated a Neutral signal Monday, March 8th, 2021, and remain there March 9th, 2021. The NDX Purchasing Power Indicator generated a Buy on March 9th, 2021, the NDX 14 Day Stochastic triggered a Buy on March 9th, and the 30 Day Stochastic triggered a Sellsignal on February 22nd, 2021. When all three component indicators are in agreement on signals, it is a consensus directional signal. When they differ, it is a sideways signal.

The NDX Demand Power / Supply Pressure Indicator moved to an Enter Short positions signal Thursday, February 25th and remains there March 9th. On Tuesday, March 9th, Demand Power Rose 21 to 476, while Supply Pressure Fell 10 to 512, telling us Tuesday's rise was powerful, with deep pockets intervention and short covering buying the market.

The NDX 10 Day Average Advance/Decline Line Indicator triggered a Sell signal February 25th, 2021, and needs to rise above + 5.0 for a new Buy. It rose to negative - 5.4 on Tuesday, March 9th.

NDX PPI Rose 23 to 236.76, On a Buy

NDX 30 Day Stochastic Fast 36.59 Slow 29.76 On a Sell

NDX 14 Day Stochastic Fast 48.81 Slow 29.52 On a Buy

NDX 10 Day Advance/Decline Line Indicator - 5.4 On a Sell

NDX Demand Power Up 21 to 476, Supply Pressure Fell 10 to 512 Sell

RUT PPI Up 3 to 208.39, on a Buy

RUT 10 Day Advance/Decline Line Indicator + 108.90, On a Sell

Today's Mining Stocks and Precious Metals Market Comments:


Our HUI key trend-finder indicators moved to a
Neutral signal March 9th, 2021.


HUI PPI Up 2 to + 239.99, on a
Buy


HUI 30 Day Stochastic Fast 20.00, Slow 18.33 on a Sell


HUI Demand Power Up 4 to 396; Supply Pressure Fell 5 to 412 Sell