Market Watch For April 19-23, 2021 – Market Watch ๐Ÿ”

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As I mentioned in last weekโ€™s video, all eyes were on the QQQโ€™s this week as it seemed poised to join the SPY and DIA at all-time highs and the QQQโ€™s did not fail to deliver hitting athโ€™s mid-week and closing near athโ€™s. Congrats QQQ holders! :muscle:

Our call on the reversal in bonds and gold continues to play out along with the strong correlation between the long bond and QQQ, as well as the long bond and gold.

This coming week the IWM is the index to watch to see if it can play catch up as well as a possible bid up in the emerging markets side via EEM.

Finally, on the crypto front, Bitcoin took a smaller breather which paved the way for the continued rush back into alt-coins. Can you say alt-coin season? Dogecoin anyone? :dog2:

With that as a backdrop hereโ€™s some food for thought in this weekโ€™s video:

  • With a number of assets/indices trading momo up or doing the Bollinger Band walk – why itโ€™s now a watch and see market
  • Avoiding get chopped up by using higher and custom timeframes
  • Why we are likely to see inside quarters on TLT and Gold
  • The crypto alt-season boom

 

Market Watch For April 19-23, 2021 – Market Watch ๐Ÿ”

by editor time to read: 1 min
SHIT’s getting real …
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