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OSS Nightly Indicators (Free version)


Newsletter is published Sun-Thr evenings around 10:30 pm CST

UNDERSTANDING THE CYCLE CHARTS

Instruction for reading the cycle charts and indicators. Click Here

Ideally, you want to look for a turn in the cycles and at least two of more reversal signals happening at the same time.

Comments, Insights & News

  • The US Dollar has broken above its previous high on Feb 4th
  • Both Gold and Silver had reversal indicator show up today.
  • Market Wrap: Bitcoin Falls to $48K as Fedís Powell Makes No New Promises; Ether Drops Click Here
  • DOGE Adoption on the Rise. Dallas Mavericks to Accept Dogecoin for Tickets, Merchandise Click Here
  • Delaware senator's wife buys Intel stock ahead of Biden's executive order on chip shortage Click Here
  • Charles Payne: Powell's inflation comments 'moment' market's have been waiting for Click Here
  • Charlie LeDuff on suing Whitmer for info on COVID nursing home death counts: 'I've been asking for months' Click Here

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For trading 3/5/2021

MAJOR
Symbol Last Chg. Chg. %
.DJI 30924.14 ($345.95) -1.11%
.DJT 13219.66 ($328.78) -2.43%
.NDX 12464 ($219.32) -1.73%
GBTC.PK 41.4 ($4.76) -10.31%
GLD 159.05 ($1.57) -0.98%
IWM 213.3 ($6.02) -2.74%
SLV 23.56 ($0.72) -2.97%
SPY 376.73 ($4.69) -1.23%
TLT.O 138.64 ($0.90) -0.65%
UNG 10.26 ($0.24) -2.33%
US500 3768.47 ($51.25) -1.34%
USO 43.05 $1.91 4.64%
UUP 24.69 $0.17 0.69%

SECTORS
Symbol Last Chg. Chg. %
RWR 90.09 ($1.02) -1.12%
XBI 135.38 ($4.56) -3.26%
XHB 60.86 ($1.38) -2.22%
XLB 73.57 ($1.51) -2.01%
XLE 51.04 $1.19 2.39%
XLF 33.1 ($0.35) -1.06%
XLI 91.2 ($1.56) -1.68%
XLK 126.54 ($2.88) -2.23%
XLP 63.3 ($0.23) -0.36%
XLU 58.72 ($0.05) -0.09%
XLV 110.82 ($1.49) -1.33%
XLY 155.84 ($3.36) -2.11%
XRT 79.99 ($1.59) -1.95%

CRYPTOS
Symbol Last Chg. Chg. %
BCH 501.12 ($20.39) -3.91%
BTC 47773 ($2,652.00) -5.26%
DENT 0.0012 $0.00 0.00%
DGB 0.057636 $0.00 -1.79%
DOGE 0.04962 $0.00 -1.66%
EOS 3.708 ($0.12) -3.11%
ETC 10.9063 ($0.40) -3.55%
ETH 1523.46 ($44.62) -2.85%
LTC 178.218 ($9.63) -5.13%
THETA 4.4127 $0.42 10.54%
XLM 0.406 ($0.01) -3.52%
XRP 0.4744 $0.03 5.80%
ZRX 1.35333 ($0.11) -7.59%

FOREX
Symbol Last Chg. Chg. %
AUD/JPY 83.26 ($0.150) -0.18%
AUD/USD 0.7714 ($0.001) -0.15%
EUR/AUD 1.5515 $0.003 0.18%
EUR/CHF 1.1122 $0.001 0.11%
EUR/GBP 0.8613 $0.000 0.04%
EUR/JPY 129.18 ($0.020) -0.02%
EUR/USD 1.1967 $0.000 0.01%
GBP/AUD 1.8013 $0.003 0.18%
GBP/JPY 149.98 ($0.030) -0.02%
GBP/USD 1.3894 $0.000 0.00%
USD/CAD 1.268 $0.002 0.12%
USD/CHF 0.9294 $0.001 0.09%
USD/JPY 107.95 ($0.030) -0.02%



https://money.cnn.com/data/fear-and-greed/


INO Evening Markets Report (INO.COM)

DOW

The Dow closed sharply lower on Thursday and closed below the 50-day moving average crossing at 30,947.95 confirming that a short-term top has been posted. Today's sell off came close to erasing this year-to-date gains as today's sell-off gained momentum, following comments from Federal Reserve Chairman Jerome Powell. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish again signaling that sideways to lower prices are possible near-term. If the Dow extends the decline off February's high, January's low crossing at 29,856.30 is the next downside target. If the Dow resumes the rally off January's low into uncharted territory, upside targets hard to project. First resistance is February's high crossing at 32,009.64. Second resistance is unknown. First support is today's low crossing at 30,547.53. Second support is January's low crossing at 29,856.30.

GOLD

April gold closed lower on Thursday as it extends the decline off January's high. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If April extends the decline off January's high, the 62% retracement level of the 2019-2020-rally crossing at $1634.70 is the next downside target. Closes above the 20-day moving average crossing at $1783.90 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at $1756.20. Second resistance is the 20-day moving average crossing at $1783.90. First support is the 62% retracement level of the 2019-2020-rally crossing at $1634.70. Second support is the 75% retracement level of the 2019-2020-rally crossing at $1533.30.

SILVER

May silver closed sharply lower on Thursday and below the November-January uptrend line confirming a trend change as it extends the decline off February's high. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the aforementioned decline, the 75% retracement level of the November-February-rally crossing at 24.059 is the next downside target. Closes above the 20-day moving average crossing at 27.119 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 27.119. Second resistance is the February 23rd high crossing at 28.470. First support is the 62% retracement level of the November-February-rally crossing at 25.111. Second support is the 75% retracement level of the November-February-rally crossing at 24.059.

CRUDE

April crude oil spiked above $64 a barrel on Thursday following news that OPEC countries and their allies are committed to continuing current production cuts through April. The high-range close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If April renews the rally off November's low, the October-2018 high crossing at $67.23 is the next upside target. Closes below the 20-day moving average crossing at $60.16 would signal that a short-term top has been posted. First resistance is today's high crossing at $64.86. Second resistance is the October-2018 high crossing at $67.23. First support is the 20-day moving average crossing at $60.16. Second support is the February 12th low crossing at $57.31.

NAT GAS

April Henry natural gas closed lower on Thursday and extended the decline off February's high. The mid-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 2.724 would confirm a trend change while opening the door for additional weakness near-term. Closes above the 20-day moving average crossing at 2.865 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 2.865. Second resistance is February's high crossing at 3.060. First support is the 50-day moving average crossing at 2.724. Second support is the 62% retracement level of the December-February rally crossing at 2.596.

US DOLLAR

The March Dollar closed higher on Thursday and above February's high crossing at 91.60. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off last-Thursday's low, the 50% retracement level of the September-January-decline crossing at 91.93 is the next downside target. Closes below the 50-day moving average crossing 90.44 would signal that a short-term top has been posted. First resistance is the today's high crossing at 91.70. Second resistance is the 50% retracement level of the September-January-decline crossing at 91.93. First support is the 50-day moving average crossing 90.44. Second support is last-Thursday's low crossing 89.67.

Things To Watch

  • Bo Polny says DJIA will drop to 15,000.
  • Charles Nenner is calling for a DJIA of $5000 in the latter part of 2021 or spring of 2022.
  • Mars will be in Aries from June 27th 2020 to Jan 6th 2021. Strong chance of open conflict
  • Clif High is calling for $600 Silver.




Bullish TA
583-283New 52-week Highs
100-37Strong Volume Gainers
9-13Bullish 50/200-day MA Crossovers
85-61Bullish MACD Crossovers
43Oversold with an Improving RSI
207-165Moved Above Upper Bollinger Band
208-233Moved Above Upper Price Channel
147-191Moved Above Upper Keltner Channel
68-37Improving Chaikin Money Flow
201-272New CCI Buy Signals
292-197Parabolic SAR Buy Signals
96-51Stocks in a New Uptrend (Aroon)
74-10Stocks in a New Uptrend (ADX)
26-30Gap Ups
0-3Breakaway Gap Ups
10-11Runaway Gap Ups
11Island Bottoms
Bearish TA
5329New 52-week Lows
12762Strong Volume Decliners
2212Bearish 50/200-day MA Crossovers
381175Bearish MACD Crossovers
6645Overbought with a Declining RSI
1308777Moved Below Lower Bollinger Band
1519775Moved Below Lower Price Channel
691344Moved Below Lower Keltner Channel
24926Declining Chaikin Money Flow
1682669New CCI Sell Signals
928619Parabolic SAR Sell Signals
651367Stocks in a New Downtrend (Aroon)
14261Stocks in a New Downtrend (ADX)
10953Gap Downs
10Breakaway Gap Downs
2/16/190026Runaway Gap Downs
00Island Tops
Bullish Reversals
28-8Bullish Engulfing
40Piercing Line
00Morning Star
11-3Bullish Harami
20Three White Soldiers
Bearish Reversals
21774Bearish Engulfing
2311Dark Cloud Cover
6-1Evening Star
4817Bearish Harami
4931Three Black Crows
Bullish P&F
2666-436P&F Double Top Breakout
354-48P&F Triple Top Breakout
51-8P&F Spread Triple Top Breakout
871-132P&F Ascending Triple Top Breakout
44-10P&F Quadruple Top Breakout
71-2P&F Bearish Signal Reversal
50-13P&F Bear Trap
36-11P&F Bullish Catapult
56-31P&F Bullish Triangle
290-61P&F Low Pole
Bearish P&F
2697948P&F Double Bottom Breakout
361150P&F Triple Bottom Breakdown
5427P&F Spread Triple Bottom Breakdown
667204P&F Descending Triple Bottom Breakdown
4414P&F Quadruple Bottom Breakdown
12759P&F Bullish Signal Reversal
7215P&F Bull Trap
183P&F Bearish Catapult
11029P&F Bearish Triangle
695129P&F High Pole
9752P&F Long Tail Down

Last Week's Matrix

Learn More: Previous Weekly Matrix with explanation.



Number Nine Bullish
Symbol Close
Number Nine Bearish
Symbol Close
Coming US Economic Events
Thursday, 04-March-2021 (EST)
7:30:00 AMChallenger Job-Cut Report
8:30:00 AMJobless Claims
8:30:00 AMProductivity and Costs
10:00:00 AMFactory Orders
10:30:00 AMEIA Natural Gas Report
11:00:00 AM3-Month Bill Announcement
11:00:00 AM6-Month Bill Announcement
11:00:00 AM3-Yr Note Announcement
11:00:00 AM10-Yr Note Announcement
11:00:00 AM30-Yr Bond Announcement
11:30:00 AM4-Week Bill Auction
11:30:00 AM4-Week Bill Auction
4:30:00 PMFed Balance Sheet
Friday, 05-March-2021 (EST)
8:30:00 AMEmployment Situation
8:30:00 AMEmployment Situation
1:00:00 PMEmployment Situation
3:00:00 PMConsumer Credit
Monday, 08-March-2021 (EST)
10:00:00 AMConsumer Credit
11:30:00 AM3-Month Bill Auction
11:30:00 AM6-Month Bill Auction
12:30:00 PM6-Month Bill Auction
Tuesday, 09-March-2021 (EST)
6:00:00 AMNFIB Small Business Optimism Index
8:55:00 AMRedbook
11:00:00 AM4-Week Bill Announcement
11:00:00 AM4-Week Bill Announcement
1:00:00 PM3-Yr Note Auction
6:05:00 PMRobert Kaplan Speaks
Wednesday, 10-March-2021 (EST)
7:00:00 AMMBA Mortgage Applications
8:30:00 AMMBA Mortgage Applications
10:00:00 AMAtlanta Fed Business Inflation Expectations
10:30:00 AMEIA Petroleum Status Report
1:00:00 PM10-Yr Note Auction
2:00:00 PM10-Yr Note Auction

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.