Stocks and crypto are at a critical juncture

The Federal Reserve continues raising interest rates. Inflation in food, energy, and others remains high. This leaves stocks and crypto at a critical juncture. They might move higher, they might move lower, the signs are unclear.

S&P 500 has stabilized last few months. In the top panel, black is below red, but barely
The Dow Jones is listless, lifeless on our buy / sell indicator
The Nasdaq looks like the S&P
After a huge drop in 2022, Bitcoin has not staged a meaningful rally
Ethereum looks like Bitcoin

If you are trading the markets, sidewise markets are the most dangerous. Every move higher, every move lower, the fear of missing out will come out. It’s easy to get whipsawed. Historically, one third of the time, markets consolidate. Sometimes that sideways action happens for years.

How is Tesla doing?

Tesla has bounced back hard in 2023, yet no buy signal

Tesla seems to be correlated with overall markets. You can’t expect Tesla to bounce for long unless the overall markets move.

Sincerely yours,


Copyright © 2023 smilingdad. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of smilingdad, its owners, sponsors, affiliates, or subsidiaries.

Published by smilingdad

My story is one of tragedy and redemption. We've made many mistakes along the way regarding our money. Our goal here is to show you how to take care of your money life long, and as much as we can, help the Earth along the way. I call it sustainable personal finance and ethical capitalism. Currently, I am a part time writer for Cleantechnica and part-time licensed financial professional, along with being a full-time dad.

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