ISM New Orders Vs Michigan Consumer Sentiment index ISM New orders provide an indication of current consumer demand. Utilising a chart of New Orders readings we can attempt to understand the trend of consumer demand forward. ISM New Orders could be considered an additional gauge of consumer sentiment because if businesses are reporting increases in orders month...
Studies indicated Crude Oil is the best indicator to track the current inflation. It is also a leading indicator to inflation numbers? If that is true, we will have to track the crude oil prices very closely. Content: i. The most inline commodity with CPI ii. Can the Crude Oil track CPI? iii. Direction of Crude Oil Crude Oil Futures Minimum...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. The blue line in the graph above is corn (futures) projected forward, now why on earth would corn lead the...
Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support. As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing...
The JNK ETF is heading further down with a big bearish Marubozu that is the YTD low -> Bearish for equities. The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities The DJT ETF ended on a recent low too -> Bearish for equities The VALUG has a bearish candle for more downside -> Bearish for equities The...
Earlier, I posted about the S&P500 defying gravity. Another indication to support that view is here... COPPER. It is well known for copper futures to lead/follow (takes turns) the equity markets. The reasons behind this phenomena is very fundamental, copper is used in production of many things, and in an economic upcycle, copper is one of the first metals...
I've scripted my own early warning indicator. This system has provided very accurate warning signals the last few years as to where potential tops were forming. There are several occasions where it detected changes weeks or even months ahead of trend changes. Occasionally, it's a little too early at providing these signals. I can't reveal all my secrets but I...
I find this side by side comparison interesting because it shows the correlation in this crypto market. How can recognising these patterns help us? Well if you compare correlated assets and one (or many) move before others they could be considered leading indicators , so they might be showing you a glimpse at the future. See ADA & VET... Are they showing us...
LTC is Bitcoins leading indicator. Right here we see that it could do a 2.4-3.3R trade on the daily TF. We have all the go signals to enter this edge to edge. Chart, Trade, Learn, Repeat Coach K @coachkcrypto