Nikkei 225 Index broke swing support
Nikkei 225 Index (NKY) closed below swing support 38'876. This is the first sign of a trend change. Keep an eye over the next few days at this level. Source : Bloomberg
Chainlink always bullish trend
Chainlink (XLIUSD) always in a bullish trend. Last week consolidation hit a low at 16.84 intraday and a very strong candel reversal with a close above the strong support 17.60. This is good news for the trend. Today up 15%, trying to break all time high 21.709. Keep an eye at that level. Source : Bloomberg
Bitcoin Tops $70,000 For the First Time in History
source : stockmktnews
A "Goldilocks" us job report -> risk assets
Gold and digital gold rally after a soft US Jobs report. February Non-Farm-Payrolls beat estimates with 275k new jobs BUT 2 months revisions look notable with -167k. Unemployment rate rose to 3.9% from 3.7% and hourly earnings weaker than expected w/+0.1% MoM. January’s blow-out release has been relativized. Source: HolgerZ, Bloomberg
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Energy dependence and independence summarized in one chart
Source: JPMAM
US 30 year yield on support zone
US 30 year yield (USGG30YR) has just reached it's demand zone 4.0623 - 4.2000. Keep an eye at this level. Source : Bloomberg
Inflows into bullish Nvidia ETF hit record
Net daily inflows into the GraniteShares 2x Long NVDA Daily ETF NVDL.O hit a record of $197 million, according to LSEG Lipper data. The assets managed by the ETF have grown to $1.41 billion from $213.75 million at the start of the year." source : reuters
P/E expansion explains recent S&P 500 rally
Source: Goldman Sachs, TME
