Larry Williams for the few followers here was quoted by Cramer after picking uptrend well says the Thoroughbred horses like TECH likely will give up leadership. It will be Dow type stocks will continue to do well.  

$CPCE closed .51 on FRIDAY   It has not been this low since August of this year. Even 5 day moving average is .63 very low too.

$NASI - Chart Link-

SPX 

Interesting pattern ?

Courtesy : Trendspider

GDX - Chart Link- note the 61.8% Fib retracement where price stalled last week - was a logical place for price to pullback from

GDX - Chart Link- daily - 5 higher low trailing stops

short term very extended. Options pricing is too enticing to market makers to ensure a rug pull

CX was a great breakout to new highs but now RSI extended and 4 simple moving averages look toppy and massive volume on  Friday.  Thoughts please. 

Australia on the other hand is looking strong - not far away from previuos tops 

AEX CAC and DAX are looking tired 

Carolyn Boroden

@QueenOfFibs

In ES futures we have time resistance to the rally with the last swing being up 25 bar on the 120m chart and the current rally swing in time is similar at 24 bars up so far...good time to trail up a stop

Some levels on SPX and ES posted yesterday to write down

FOMC Wednesday and ECB/BOE on Thursday 

AMZN GOOGL AAPL Thursday 

META Wednesday 

TSLA   practice count   15 min 

I am not super bullish or super bearish. I am definitely not in the camp of retesting covid lows. As of now trading what I see. Long term portfolio is still invested. Made some adjustments as needed for example picked up more Tesla at 115, XBI at 65 last year

Matt - 

When you get the chance can you explain on the intraday BPT Deluxe charts two things:  

1) what are the dots in blue and pink?  If you could explain generally what they are so that I can understand it on an intuitive level, that would be helpful.  

2) why is do those intraday charts not have the vertical lines like the daily chart?    

I understand you have a lot going on with personal matters so it doesn't have to be right away, but if you could explain it, when you get the chance, that would be great.  TIA

You are super bullish.   Are you heavily long?  

Thanks timebandit for that observation !!    Appreciate it !!

$CPC closed pretty low Friday at 0.84. Past times it reached this level on this chart led to a decline in $SPX, sometimes one day, sometimes multi-day. No guarantee it will happen again, but that's the pattern. If the rapid plunge in BB width keeps up much longer, the bands will become very tight very soon.

In dec 22 the prices of unregulated energy (which, while maintaining sustained growth, pass +69.9% to +63.3%), unprocessed food (from +11.4 % to +9.5%) and transport-related services (from +6.8% to +6.0%); on the other hand, support for the inflation trend derives from the acceleration in the prices of regulated energy (from +57.9% to +70.2%), processed food (from +14.3% to +14.9% ), recreational, cultural and personal care services (from +5.5% to +6.2%) and communications services (from +0.2% to +0.7%).

In December 2022, core inflation (i.e. excluding energy and fresh food) accelerated from +5.6% to +5.8% and that excluding energy alone rose from +6.1% to +6.2%

Reduce rates and they'll spend more ,   raise taxes to bring in more revenue and they'll spend more .  They're gonna spend more and create more debt till the country folds like a cheap suit .  To assume they'll do what's best for the country is to ignore what they've done already , the exact opposite.

Will the stock market rise if the dollar falls hard ? ,,,   Hard assets rise against a weak currency  .    Kinda like my house , when it was built  (1959)ish  sold for 7k   now 800k