WVS_Stockscreen

Despite the scary sell off of circa 15% since last Friday's intraday high to this morning's capitulation low, the immediate term outlook for Bitcoin is still bullish. Daily RSI is still gaining support each time at 40 (typical of bullish set ups) and price is now back to nearly regaining the 10 day MA which is above the 50 which is in turn above the 200 DMA. From an EW perspective this can still be a wave 4 formation and upside of 130k + possible in coming weeks.

Today could (repeat COULD - not confirmed) be the start of a turn for a period of small cap outperformance vs large cap tech. Came within 5% of my long term target so QQQ/IWM could still just be just pausing before one more leg higher BUT there could be a big rotation starting!

I have chastised small cap analysts and FURUs over many years for their propensity to lure investors into smaller names vs large cap tech because the overall market is bullish and higher beta smaller stocks should outperform. They haven't. As my chart clearly shows it's been one way traffic for the last 22 years since the lows following the bursting of the dotcom bubble. BUT. I can see some light at the end of the tunnel for small caps - maybe not until later this year or in 2025 (or maybe once the FED criminals start to cut rates). Interestingly the last time small caps outperformed tech was in the 2000-2003 bear market era. So If my analysis is anywhere near correct then what may be good news for small caps (on a relative basis) may not be great for the wider market. Caveat emptor.

Folks have been asking about my view on BTC for the coming months. We are still in the early innings of a generational bull market for inflation. This is bullish for risk assets including BTC. I see $80k-$90k as possible in the coming 6 months (maybe after a bit more consolidation). And of course if it get's a head of steam then the BIG ROUND NUMBER will be a magnet ($100k). And for the record I am NOT a big fan of BTC. It is simply a risk asset like many others that are going to rise on the back of two decades of central bank QE/ZIRP criminality.

Folks have been asking about my view on Gold for the coming months. We are still in the early innings of a generational bull market for inflation. This is bullish for risk assets including Gold. I see $2850 as possible in the coming 6-12 months.

I 'm looking at the potential "false break" of the uptrend channel (and triangle pattern) on the 4H chart which would be typical market shenanigans for a Friday afternoon.... If I'm right then BTC is going to rally directly from here. You can but 67000 with a stop 65000 and target 75000+ for a 4/1 reward/risk coming days/weeks

The Gold/Silver rato chart is breaking down = Silver outperformingThis has historically been correlated to precious metals in general performing well (bullish) and also bodes well for continued strength in mining stocks in the period ahead