Friday Recap (PTOS Model, SOL, Pivot, Wealth, TSLA) (Patreon)

In what you may have missed news:

Updated #Bitcoin Wealth Pyramid - 10K whales are stacking and that drives up the club price. 

Solana Daily Active Users Explode - price is up but Solana at 4% of ETH market cap is just ridiculous. Even more ridiculous SOL has 12.43 times the daily active users (DAU) of ADA, and the market capitalization of ADA is 1.56 times higher than Solana!  Makes no sense. Just shy of 572K DAU blowing all others away. 

In our SOL UPSIDE Model - available for free on Trading view - SEARCH "IA-SOL" you can see how crazy things are - SOL at a min should be trading at $60. 

New "Pair Trading on Steroids" Model update - PS this will be included as part of IA Suite:

We are in final stages of testing the PTOS and hope for a release early next week.  It is tricky to use but mindblowing. 

Here is a sneak preview - the vision was go long for the up moves and go short to the down. This will be especially important w Bitcoin and Tesla - the pairs are BITO and BITI, TSLA and TSLQ, and more.  It will be important to use this in conjunction with Optimized Trend but even without results are 80%, 90% and 100% win rates

Other pairs we are testing.... it is fun but you have to dial in the look-back time frame and the time on the chart- 2 to 4 hour seem best for this type of trading.  

• S&P 500: SPY (bullish) and SH (bearish)
• Dow Jones Industrial Average: DIA (bullish) and DOG (bearish)
• Nasdaq 100: QQQ (bullish) and PSQ (bearish)
• Russell 2000: IWM (bullish) and RWM (bearish)
• Gold: GLD (bullish) and DGLD (bearish)
• Oil: USO (bullish) and DNO (bearish)
• ProShares UltraShort S&P 500 (SDS) and ProShares Ultra S&P 500 (SSO)
• ProShares Short QQQ (SQQQ) and ProShares UltraPro QQQ (TQQQ)
• ProShares Short Dow30 (DIAX) and ProShares UltraPro Dow30 (DDM)
• ProShares Short Russell 2000 (RWM) and ProShares UltraPro Russell 2000 (UPRO)
• ProShares Short Nasdaq Biotechnology Index (ZBIO) and ProShares UltraPro Nasdaq Biotechnology Index (BIB)

MARKET SNIFFING OUT A PIVOT

Today's rally in the S&P 500 (SPY) is a "rethink" of the reaction to the Federal Reserve's press conference on Wednesday. On Wednesday, markets sold off as investors saw the Fed's "pause" in interest rate hikes as not enough to stabilize regional banks, such as First Republic Bank, which tumbled. However, on Friday, stocks recovered to pre-Federal Open Market Committee (FOMC) levels after a strong jobs report showed that the U.S. economy is still growing at a healthy pace.

This suggests that investors are still concerned about inflation and the Fed's ability to control it, but they are also hopeful that the economy will continue to grow.

Small and Medium Sized US Banks Still Suffering - Losing Deposits

Meanwhile in Germany - Factory Orders

Wow, ein Rückgang von -10,7% bei den deutschen Fabrikbestellungen gegenüber den erwarteten -2,3% zeigt eine wesentlich geringere Nachfrage nach Waren aus der größten Volkswirtschaft Europas.

Es gab nur zwei Zeiträume in den letzten 30+ Jahren, in denen die deutschen Fabrikbestellungen um einen größeren Betrag gesunken sind - Covid und 1991.

Finally Tesla China Orders Soar.  

Well above average

Have a great weekend everyone