UPDATE Feb 13

Are we moving on UP?

I believe so. But first, a little information about money and how it relates to the markets. First off, understand whenever anyone talks about "money" or "cash" they are speaking of FIAT - Fiat money is a type of currency that is not backed by a commodity, such as gold or silver. It is typically designated by the issuing government to be legal tender - It's not real, it's only good as long as the government says it's good, but here's the catch IT HAS NO GUARANTEES! and unless you can't tell IS NOT STABLE, it will fluctuate with the country that issues it (or those that sanction it). When comparing currency, you are only comparing FIAT to FIAT. They are all terrible and all backed by nothing (that's why governments hate crypto, it exposes their scam, "how dare you make something out of nothing and assign a value to it, thats our gig"). So when you compare currencies, it is literally picking the shinier turd. Now that is out of the way, let me reiterate what money is? - GOLD is money, SILVER is money, OIL/ENERGY is money. They are the CONSTANTS in a "forever" trend. As long as there has been civilized man - Gold, Silver, Energy, Food and Medicine have always had and maintained value... Hoard these in "real" life! and do not believe lies about their value. They have it, and nothing else does. When people are cold, poor, and hungry, nothing else on this planet matters. Also, never underestimate the depths "humanity" will sink to survive. Keep that in mind.

Now we know what is and is not money. But how does this fiat money work in the market?...  Money Never Sleeps, this is true. The "2 trillion on the sideline waiting to invest" isn't actually waiting. Money is never idle, real investment money is NEVER idle, it doesn't take weekends off, it doesn't take lunch breaks, it doesn't sleep, it ALWAYS grows... it does this by finding what will return the highest compared to investment RIGHT NOW. If it can get a greater return on bonds, RIGHT NOW it flows into bonds. If a currency offers a greater return, it finds the currency. If metals or oil or grains offer a greater return, it flows there. If it is unsure, it can be parked at the FED or lent to other banks or countries for currently around a 4.57% "overnight" return and slightly less per hour. And if stocks offer a greater return, it will flow into stocks. That's why these moves are cyclical, money finds the best investment RIGHT NOW, charting or tracking its flow is silly, it will move one hour to the next, changing countries banks stocks bonds anything as it seeks the greatest positive returns RIGHT NOW  Until consolidating back, larger, to be parked "overnight". There is no sentiment shift, new information, or a recalculating of positions. It simply finds the greatest return RIGHT NOW. Just my 2 cents. And yes, that big money flow is almost 100% computer modeling. They can tweak the models, but the computers trade. If you want to really track the money flow, just calculate the comparative difference between all the highly leveraged commodities, currencies, bonds, rates, and major world stock indices. This will tell you where the money is going, and it will also eat all the storage capacity of your computer 🤦‍♂️ (basically charting everything traded in futures compared to each other)

Well, onto the market. I'll start with QQQ. I track Nasdaq because it has greater swings. I don't track the S&P because iam not invested in it. it contains the top 6 common holdings to the nasdaq, so charts are similar. S&P 500 is just the slower step child😆

Now my DRAGONS

I know why you did it, I mean, they had really big runs. They're destined to come down!? but NEVER short into the hole. If you're not out or if you started a new short position Friday- I have no sympathy for what is about to happen to you.

These are unrelated twins. These are independent monsters in their fields of Technology 😉. Like my sled dogs, they are independently wonderful, but I hook them together on my team, and we're off!!

260-270 are my new targets, this is an inverse head and shoulders, cup and handle, whatever it's f*ing BULLISH!!!

Weekly chart and indicators

I was planning a longer post. This will have to do. $Invesco QQQ Trust(QQQ.US)$   I expect this to consolidate between 299 and 303. There should be one more run in this market. Nothing is guaranteed, and predictions are only speculation. But the numbers line up, and the structure lines up. There are bearish signs and signals that are starting to appear. This is a treacherous time. Wave 5s can be breakout runs, or they can spike fizzle and die. I look for at least a run to 311 at some point this week (most likely tuesday) with a high in the 319- 330 range if we get a squeeze maybe as high as 340. Whatever direction the market chooses, I expect wild swings. this market can still go down before going up. There is a great probability that Tuesday the market swings 400+ points in one of the drops, then immediate reversals or spikes and immediate sell off. Be prepared for this. The put to call ratio has been very high (1.42 Friday on QQQ), causing me to lean towards another run. For today, I expect a rise to 303, maybe as high as 305-307 before a selldown in preparation of tomorrow's CPI release, probably down to 300, maybe even all the way down to 295[Shocked] it's hard to tell, we are in a wild area.

Be Safe, Be Careful, Be Wise and as always

Good Luck

It's treacherous out there. I keep hoping to make longer posts, but time seems to be getting away from me.... If I were wanting to INVEST right now, I would look to the old guards, energy, and commodities. When this market rolls over, the money will return there (although everything gets whacked in selloffs).