Live Free Or DIE! The Seven Day Scope: Snipers Only-Complimentary Weekly Report
Commodities, Gold, Equities, Bonds, Currencies and more. Welcome to our free weekly report available every Friday.
📈 Jump into the world of market analysis with us. In this episode, we're gearing up for an intense exploration of market dynamics, trends, and the strategies that matter most. Get ready for a laser-focused perspective on the ever-evolving financial landscape. Let's navigate the chaos and find clarity together. Welcome to The Weekly Scope!
1. Currencies YTD
2. USD-Look for sustained downside if we can close below 104. It could drop straight through to 100 easily.
3. Crude oil-We are looking for a decisive close above all MA’s or a gap up to start next week. We are still holding our long position. Trailing stop is 20%
“It's not an endlessly expanding list of rights — the 'right' to education, the 'right' to health care, the 'right' to food and housing. That's not freedom, that's dependency. Those aren't rights, those are the rations of slavery — hay and a barn for human cattle.”
― Alexis de Tocqueville
Green line=Yield curve 3 month vs. 10 year yield. White line=Gold. The top chart is yields. Most of the time when we see the yield curve bottom we see a massive run in gold. I still expect it but it could take some time. This is normal!
5. Commodities are starting to turn up again against bonds. We are still long oil, gasoline and heating oil. I am not sure where these end up but we continue to stay positioned in the things that are moving up and giving buy signals.
6. One of our infamous charts. Some of you who have been around for awhile remember a time when I would not touch tech with a ten foot pole. Some of you who have been around for a year think that I am permanetently bullish tech. Over everything I go where the signals go. Tech is still leading but we are seeing a possible top here. Small caps are a long for us as long as the tech space. Both have signals and when two things have signals we just buy both. Keep it simple.
“Just as war is the natural consequence of monopoly, peace is the natural consequence of liberty.”
― Gustave de Molinari
8. On November 17 we pointed to this range expansion that just started in Japan. We remain long Japan in both of our portfolios. We have been long Japan since early 23 and it has shown no signs of slowing down. Keep using a trailing stop. Ours is set at 14%. Most likely we will get an exit signal before that but at the moment we are not seeing any reasons to get out of the trade. Japan leading is also another reason to stay bullish US stocks. Japan usually leads the way up or down.
9. XLE-The energy sector closed above it’s 200 day moving average. We are still long the XLE in our long term portfolio. For new positions I still suggest NOT buying until we see a decisive break out.
10. We also have a position in gold but if you do not have a position I would wait for it to break through and close above 2076 on spot. We have an alert set so we will update you as well!
11. Stay long Vietnam. Last week we doubled down on this pick. Now are are seeing some more follow though. I love this set up. Volatility is dead. No one is talking about it. We have a break out without news and the trend is now up!
12. Here is a way to look at band squeezes. When volatility falls off a cliff you will get a big move one way or the other. It will not tell you the direction of the move but wait for a break out or a break down and you can trade in the direction it broke.
13. We still believe that you should continue looking outside of the US for opportunities while staying long US assets. Rotations happen and if this bull market is going to last we will start to see a rotation in to many areas and one of those areas are commodity based currencies and commodity countries.
14. However you look at it… Small caps (IWM) is holding bullish trend. Stop betting against it. Stop saying it wont catch up and stop saying this is not a bull market. We have to be patient here!
“Whenever someone starts talking about 'fair competition' or indeed, about 'fairness' in general, it is time to keep a sharp eye on your wallet, for it is about to be picked.”
― Murray N. Rothbard
15. TLT and bonds. While the COT report is seeing a ridiculous amount of smart money buying. The charts are not saying bottom just yet. THIS IS THE MOST IMPORTANT CHART RIGHT NOW. A break down in bonds would be massive and lead us to a more inflationary outlook like we have been thinking for awhile. Keep your eye on this one and watch the level 92.70 on TLT.
Stay informed. Stay resilient. Against all odds.
Warm regards, Jason Perz
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YouTube: @againstalloddsresearch https://www.youtube.com/channel/UCLvDNCnhNQbQnABUSFbwagg Twitter: @jasonp138 Substack: aaoresearch.substack.com Against All Odds Research jperz1985@icloud.com
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