Ukraine Can't Repay Its Debt. EU Wants Russian Assets To Prevent EU Bank Default
https://www.youtube.com/watch?v=_4j9cDtoiOk
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Looking for around 43 on UVXY
Bank of Japan is set for its first rate hike in 11 months.
This is in stark contrast to the Fed which is continuing to cut rates. The ramifications in terms of the yen carry trade should not be underestimated.
$ETH - Here's how I'm viewing the OBV right now. Treating it as a bullish breakout and re-test. Comes back in the channel I'm probably selling my position and waiting for another time to go long. Break down that red line and we break $3k again and most likely re-test lows.
I definitely have a leash on this $ETH trade, still feel good about it though, would have loved for SuperTrend resistance to have broken though, that would have been real fun for crypto.
FART short setup
Still no trendline break but getting closer each week:
Closed Biocon - Booked 6.7k in the trade.
$ETH - OBV and price actually still looking good. Stocks pulled back after hours bringing crypto down with it. But usually post FOMC we do see a little reversal but the first move and direction is usually the correct one so by Friday we should be back up or maybe Thursday.
Might have to button up and take some profits if we see some more aggressive selling but for now nothing that unusual. OBV just a little dip after a breakout is pretty good.
Levels to watch for shorts
The Trump administration plans to require all foreign tourists to provide their social media histories from the last five years to enter the country.
Tourism will fall off a cliff edge
Listing performance of the IPO analysis shared:
Meesho: 55% gain
Aequs: 14% gain
Vidya Wires: 11% gain
PS: No Buy/Sell recommendation
S&P 600 - This is almost relatable to crypto altcoins in a way where you hear about all these tokens doing well but then you feel like you were holding all the ones that didn't do well. This index tracks 600 smaller cap stocks.
As you can see over the past 5 years it's been in a giant channel. It has just kind of cycled without having a long sustained breakout which is what we would see in a true traditional bull market.
What this tells us which has been obvious is that a lot of people have derisked, the economy for most doesn't feel as strong, and it's really been like 30 to 50 stocks that have propped up the S&P 500 to keep driving it to higher prices.
Some indexes like this are even down because when all the good ones keep getting upgraded they leave the rest behind. This is one of the arguments suggesting we've actually been in a more neutral to bear market for majority of stocks and the downside has already essentially played out and we are waiting for a bull market rally that rises
JNK daily 5EMA-13SMA sell signal and bearish Ichimoku structure...
No bueno for risk on assets. Looking for that retest of the breakout towards golden pocket at 94.61
$ETH - Got into the Ethereum trade at a good time. It's amazing that when you let OBV take emotions out of the trade you are forced to be more patient. Have been waiting for it to show any sort of signs of life and we finally get the OBV downtrend break, got through a low volume weekend, and here we are pumping up nicely to the next zone.
Would be awesome if this was the bottom but for now just playing the charts week to week and taking the information that is given to us.
Yields moving as expected, this is not bullish for risk assets. Similar to gold, I think institutions will be forced to sell treasuries to cover their margin calls in the coming days
Getting close to a Fib time pivot tomorrow
