Global and US Market Strong Weak Rankings

[Dennis3450]

This is the reality of retail, best to stay clear of this area except for Amazon and Walmart

[Dennis3450]

Here is my weekly market review video, Big move in Bitcoin, rest of markets seem to be sleep walking

US markets are Closed on Monday, we will start the new week on Tuesday with a third of the market at all time highs

[Dennis3450]

Market was lead lower by Energy and Biotech, Only 5 ETF’s up today but all five saw new all time Highs

[Dennis3450]

Below we see Bitcoin and Ethereum current price, followed by where we started May, at first glance we see Bitcoin go from more then 3 times the price of Ethereum to less than 2 times, That might make it seem Ethereum was gaining but that is not the case, This month Bitcoin has added 14.1 Billion to it’s market cap, compared to 13.8 billion for Ethereum. but that sliver thin win over the #2 crypto is telling us that the majority of new money in this sector is not going into Bitcoin.

Bitcoin may be the Apple iphone of this sector and may hold the top spot for some time to come, but the competition is slowing taking away market cap, and as history has shown being #1 in the early stages of a new market is much easier then staying there.

We will revisit this at end of June and see if Ethereum can over take Bitcoins monthly market cap gains

[Dennis3450]

Mixed day in the markets with Energy getting hit again, Energy as a sector is going to be well under valued after this bear market ends. Utilities lead on the up side

[Dennis3450]

I am not digging this new format

Anyway, Dow Transports up big off a pin bar reversal, if we can clear 9320.00 this has room to run

[Dennis3450]

Trump pulls US out of Paris Climate deal and market is up across the board, every sector is up, when was last time we saw that, half were up more then 1%, that is a strong market

[Dennis3450]

Today top ETF Biotech gave us a huge continuation candle following a reversal pin bar, I would look for Biotech to move higher from here and possibly retake the #1 spot

[Dennis3450]

DOW has topped it’s March 1st all time high, old high now becomes our support level,

[Dennis3450]

This is a very dark video but important to watch as it really tells where we are heading as a people, not good. Advise, Stay out of the big cities

[Dennis3450]

CryptoCurrency market cap has topped 92 billion, Bitcoin, Ethereum and Ripple make up 81% crypto market, Ethereum is at all time high and most likely to challenge leader Bitcoin

[Dennis3450]

My weekly look at the trends, Most US stock indexes saw new all time highs this week, gold up, oil down, bitcoin recovers

[Dennis3450]

The bears ruled the day but only by a little bit , nothing down more than 0.6%, while top mover metals and mining was up over 1%

[Dennis3450]

There it is , Cryptocurrencies top 100 billion market cap as Bitcoin and Ethereum hit new highs

[Dennis3450]

This move in Bitcoin is unreal, I want to buy more but all my years of trading says never chance a parabolic move. This one reminds me of the Dot com’s in Feb. of 2000

[Dennis3450]

mostly down day but like yesterday no big losers, except retail, energy had a good move so maybe energy has found a short term bottom

[Dennis3450]

Big move in Gold Miners up 4.6% that is a move you must take take note, Gold and Silver was up but not nearly as much, and as I have said before, Miners will lead the metals

[Dennis3450]

Bulls regain control after a 2 day pullback but nothing up very much, On the downside, look at the XOP down 4%, the energy sector continues to make new lows

[Dennis3450]

mostly up day for stocks, Semiconductors start to pull away from the pack but Metals and Mining had the biggest move on the day up over 3%, On the down side it is still energy leading lower

[Dennis3450]

Day after Tech sector hits new all time high, the whole sector gets blown up by Apple, So is this another one of those one day selloffs and up we go again, lots to talk about in this weeks video