PukaCharts

PukaCharts

Hi Guys, This chart could be a leading indicator for overall market direction, alongside NASDAQ:NVDA - NVIDIA and $AAPL. So this chart and the other two largest companies in the world Nvidia and Apple are worth paying close attention to, for overall market direction. ▫️ Similar to a the 2019 - 2022 period, the price held the mid term parallel channel with...

PukaCharts

NVIDIA - NASDAQ:NVDA 🟣The upper purple parallel line is acting as resistance to price at present. A rejection from this long term purple line may be an early warning signal of a significant correction. A break above it would suggest continued positive momentum. ⏳In combination with the above considerations, a breach down and out of short term parallel...

PukaCharts

Microsoft - NASDAQ:MSFT Long Term Chart ▫️ An incredible long term trending channel. ▫️ Lets zoom in on Channel 1 and Channel 2 I have compared the 2019 - 2022 period(Channel 1) to the current 2022 - 2024 period (Channel 2) . Channel 1 2019 -2022 Channel 2 2022 -2024 ▫️ Both of these periods have had parallel channels with the 200 day SMA...

PukaCharts

10Y/2Y and 10Y/3M Yield Spread One chart to rule them all. I have combined the 10Y/2Y Yield Spread (purple line) and the 10Y/3M Yield Spread (blue line) onto one chart. You can get updated readings on it at anytime on my TradingView page (link in bio above) I have measured the historic timeframe from un-inversion to recession for both datasets. Un-inversion...

PukaCharts

10y/2y Treasury Yield Curve ⏳ Just cant make up its mind...... I wonder what Friday's stamp will be

PukaCharts

ISM Manufacturing and ISM Services PMI Combined 🪢 This week the ISM PMI's were released as follows: 🚨ISM Manufacturing PMI = 47.2 (contractionary) ✅ISM Services PMI = 51.5 (expansionary) With both metrics offering mixed signals, I decided to make a chart that combines the ISM Manufacturing and ISM Services PMI into one dataset on the chart. Interestingly it...

PukaCharts

ISM Manufacturing PMI (released today). Rep: 47.2 🚨Below Expectations & contractionary🚨 Exp: 47.5 Prev: 46.8 Anything below 50 is considered contractionary. ISM Services PMI ISM Services PMI is released this Thursday 5th Sept 2024. ISM Services is currently expansionary at 51.4. Lets see what Thursday brings.

PukaCharts

10y/2y Treasury Yield Spread Un-inverts Something just popped its head above the 0 level on the daily chart over the past 3 days. Read my post below to understand what this means PUKA

PukaCharts

Macro Monday 61 Fed Balance Sheet Hits Long Term Supporting Trend Line The Federal Reserve Balance Sheet The balance sheet is published weekly, typically on Thursday afternoons, and it provides valuable information on the direction of global liquidity and the fed’s monetary policy. When the Federal Reserve’s balance sheet increases, it means that the...

PukaCharts

SET:EA SPORTS - ITS IN THE GAME Chart speaks for itself. Volume diagonal offers another safety cull line in the event this does not play out. PUKA

PukaCharts

Axsome - NASDAQ:AXSM ✅In position since Feb 2023 with average price $50.00 per share. This is a long term 3 - 5 year hold. ✅ Current unrealized gain at 75% ✅ Stop Loss set at $63.80 for 50% of the position to ensure short term gain capture ⏳We awaiting increasing levels of volume (see the green zone). Volume moving into this zone would be ideal and...

PukaCharts

Macro Monday 60 Japanese Yen Recession Signal If you follow me on Trading view, you can revisit this chart at any time and press play to get the up to date data and see if we have hit any Yen recessionary trigger levels. Very handy to have at a glance. The Chart The chart illustrates how the Japanese Yen / U.S. Dollar has followed a similar trajectory as...

PukaCharts

Crypto - CRYPTOCAP:TOTAL Market Cap Another month has passed since I shared this chart. We are now past the half way point for this bull run. Over the next 3 months, this is typically were the market starts to reach escape velocity. ✅ Month 15 of 29 month bull run (past halfway now) ✅ Month 15 of prior cycles (green boxes) were followed by major...

PukaCharts

This is the first time since March 2021 that headline CPI has fallen as low as 2.9%. U.S. Headline CPI Rep: 2.9% ✅Lower than Expected✅ Exp: 3.0% Prev: 3.0% U.S Core CPI Rep: 3.2%✅In line with Expectations✅ Exp: 3.2% Prev: 3.3%

PukaCharts

Macro Monday 59 Japan Interest Rate Hikes Often Lead Recessions Apologies for the late release this week, I was ill yesterday and I am slowly making a recovery. This week I am keeping it brief however the chart really will speak for itself. If you follow me on Trading view, you can revisit this chart at any time and press play to get the up to date data and...

PukaCharts

Look how similar the green areas are in terms of interest rates, price movements and all three indicators. Can we revert to 60 - 65k by mid Nov 2024 similar to the 2019 initial bull trap? CRYPTOCAP:BTC #BTC

PukaCharts

Macro Monday 58 Recession Charts Worth Watching If you follow me on Trading view, you can revisit these charts at any time and press play to get the up to date data and see if we have hit any recessionary trigger levels. They are very handy to have at a glance. CHART 1 10 - 2 year treasury yield spread vs U.S. Unemployment Rate Subject chart above ...

PukaCharts

Quadratic Interest Rate Volatility & Inflation Hedge ETF AMEX:IVOL Quadratic Interest Rate Volatility and Inflation Hedge ETF AMEX:IVOL is starting to look interesting. I wonder can it break above the 10 month smooth moving average this time? Do you think there is a chance of interest rate volatility and want to profit off it? Do you think there is a chance...