Oil - Historic Oil Shock!

Oil has surged 35% this week for the biggest gain in futures trading history. Records will continue to be broken as Oil shocks intensify. The Middle East has been unstable for a long long time, and finally war has engulfed throughout the entire region. We're in War Times and the largest beneficiary will be Oil! Weekly

SLV - Silver Goes Parabolic!

Silver has gone parabolic in safe haven trade. As stated in the analysis, Bitcoin was not a real hedge against inflation, and would not act as a safe haven. Gold and Silver were the best as historically is always the case. The move in Silver appears to coincide with a breakdown in the global economy. Monthly Chart

$SPX - Government Closed

SPX has performed poorly this year with weak gains. The Government has now closed and the longer it is closed the worse market conditions will become. So now the clock is ticking and the market is running out of time. Weekly Chart

VIX - Retest of August 2024 Highs Coming

VIX has been in an expanding pattern and once it broke out, SPX plunged 20% to start. Volatility started to heat up last summer and has experienced three unusual spikes since in a short period of time. Volatility is continuing to expand and that suggests lower markets are coming. SVXY is breaking down from the uptrend and heading lower. Daily charts

$SPX - Beware the Ides of March!

SPX reached the downside price objective for last week at the 200 dma. Currently SPX is a little oversold on the daily and so may manage some retracement this week. However much more selling is likely coming into April as the trade wars ramp up. Beware the Ides of March with turning point due March 15th. Daily

$VIX - Expanding Pattern

Volatility is in an expanding pattern and should increase higher in short term. The VIX has been trending higher since July. Volatility typically will pop when SPX is getting near to a low occuring after declines in SPX. Daily

$SPX - 2025 - A Transition Year

SPX has struggled going into 2025 and it is likely a transition year. The local trendline is being tested and may produce a little support. Ultimately SPX is likely to see lower levels. A rocky year is to be expected as this transition is underway. Daily

SVXY - Unusual VIX Spikes

The August volatility in markets can be explained by SVXY measured moves equal size with the Covid collapse of 2020. Last Wednesday the VIX spiked 74% the second largest in history. These unusual spikes in VIX are happening more frequently and are a warning that markets are becoming increasingly unstable at these high levels. Weekly

XLE - Oil Sector Bull Continues

Oil shares have continued to rise along the 50 weekly average. Of note Oil shares didn't even see the 2022 bear market that was seen in the SPX. There hasn't been any significant pullbacks in the Oil Sector either. Weekly

DJT - Breakout Coming!

Trump has been making a strong push here with the US Election coming up soon on November 5th. DJT looks poised to break out higher, possibly well over $100 in short term. Dailies

SVXY - Retest Lows Likely

Markets are weak and another shot of volatility can come next! A rate cut next week may be a disappointment if it does not match the markets expectations. Daily

SVXY - Testing Trendline!

The Hindenburg Omen warned in May and since that time several triggers induced a panic. Volatility spiked and with VIX testing 65 this week, SVXY is testing it's long term trendline. After the panic, volatility has been subsiding this week. SVXY still is in an uptrend. Monthly

$WTI - Crude Oil Monthly

Crude Oil has been consolidating from the breakout in 2022. Oil is relatively cheap and priced similar to 2007! Oil has been getting quite volatile in recent years with some consolidation since 2023. We should expect a test of the 2008 high. $150 Oil is coming... Monthly

XBI - Support and Resistance

XBI Biotech has been weak and is only finding some temporary support at the 200 daily average. This is a common chart and typically lower prices follow. Daily

XLE - Strong Oil!

The talk of cutting rates during the inflationary Cycle is pressuring Oil shares higher. This coupled with worldwide wars underway, and the bursting of the the mirage that electric cars would reduce oil consumption in the short term is leading to an Oil surge. In addition, on the supply side, the artificial selling of Oil out of the Strategic Petroleum Reserve has been absorbed easily into the market and time is running out. Weekly

$SPX - Overbought on Weekly

SPX looks overextended and is overbought on weekly charts. A correction is likely underway. Probably SPX will see significant declines this week and particularily next week to start with and eventually testing the 50 week average again. Weekly

$HSI - Hong Kong Bear Market Update

The Hang Seng has lost about 50% since the bear market call made in 2021. Once China took over control of Hong Kong any advantages of that capitalist system ceased to exist. The bear market should make a lower low soon with bounce to follow. Monthly

XBI - Biotech Bear Flag

XBI has developed a bear flag and this is potentially quite a bearish development in the chart. It is starting to see some weakness and may see a deeper selloff soon. Daily

LABU - Biotech Recovery Rally!

Biotech had a deep bear market and finally became very oversold in October. Market conditions have been generally improving and Biotech is a sector that may benefit more than most due to the oversold condition. Since October LABU has doubled and appears to be still early in a recovery rally from oversold conditions. Daily charts

$SPX Big Picture Targets

SPX has been in an uptrend following the "mini" 2022 bear market. SPX is likely to trend up and continue possibly into 2025. There will be some nasty drops along the way, but SPX is currently in a bull phase. Daily