The Market's Compass

Navigating global financial markets 🧭🌍
It's all about the charts 📈
+35yrs. Market Technician 🛠
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[The Market's Compass @Mkts_Compass]

@luanalopeslara outstanding!!!

[Luana Lopes Lara @luanalopeslara]

our ad is the 2nd best mourinho video of all time. The first is this one.
https://t.co/xWdTbsha1n

[The Market's Compass @Mkts_Compass]

#Construction #Metals Excerpt from today's Market's Compass ENR Contruction Costs..."The ENR 20-City Average Price of Aluminum Sheet is up +3.3% MoM and +24.08% from this time last year."

[The Market's Compass @Mkts_Compass]

Engineering News Record Construction Material Prices, Aluminum Sheet, Concrete Block, Copper Water Tubing, and Corrugated Steel Pipe Prices Jump to Record Highs in April, by @Mkts_Compass https://t.co/Dy7SeyhVl7

[The Market's Compass @Mkts_Compass]

#Silver Unsurprisingly a short-term overbought condition, price resistance at just below the 91.50 / 50% retrace level and dual pitchfork resistance led to today’s price pullback. Key support at 84.20 needs to hold for the health of the rally from the March lows to remain intact.

[The Market's Compass @Mkts_Compass]

Nothing less than a monster move in the South Korea Index Fund ETF (EWJ) since the start of April. The outperformance vs. the iShares MSCI Emerging Markets Index ETF since the start of the year has been phenomenal.

[The Market's Compass @Mkts_Compass]

Is Bitcoin on its Way?, by @Mkts_Compass https://t.co/kwLAIrrARc

[The Market's Compass @Mkts_Compass]

#BTC Bitcoin We will see how it closes, but that is thus far a bona fide breakout!

[The Market's Compass @Mkts_Compass]

Price held support at the Kijun and Cloud, MACD is rising in positive territory, and SMI has turned up. One caution: the Sweet Sixteen oscillator rolled over at a lower high. Key to the base-building thesis: hold the rising trendline and 9,810.

[The Market's Compass @Mkts_Compass]

Excerpt from today's Market's Compass Crypto Sweet Sixteen Study...Week #239 Not Yet, Almost...
The Daily Chart of the CCi30 shows a few constructive technical features despite remaining stuck in a nearly 3-month trading range.

[The Market's Compass @Mkts_Compass]

Friday’s break of the Lower Warning Line and weak close hint that consolidation may be giving way to distribution.
Momentum (SMI, MACD) continues to weaken.
A bounce is possible, but a lasting reversal appears unlikely.
Read more in Today's Substack post
https://t.co/raFiZkyLSF

[The Market's Compass @Mkts_Compass]

A subtle but important shift may be underway in the SPX. Prices fell back below the Lower Parallel of the Schiff Modified Pitchfork last week and failed to reclaim it.

[The Market's Compass @Mkts_Compass]

#SPX A week and a half ago I posted a Daily Chart of the SPX that suggested that there was still an underlying bid in the SPX as witnessed by the long lower shadows on the daily candles (yellow circles). Friday’s selloff and close near the lows, something changed (red circle).

[The Market's Compass @Mkts_Compass]

Key support: 179.18 (Nov weekly close). A break there would signal a larger correction developing.

Last week’s kick in the face in DM Country ETFs does not look like the end of the beating.

Read more at my Substack Blog...
https://t.co/raFiZkyLSF

[The Market's Compass @Mkts_Compass]

URTH closed last week down -3.07% at 184.96.
Despite the downdraft, the series of higher highs and higher lows from the April 2025 low remains intact.

But the DM Total ETF Ranking (blue line) dropped sharply and the 13-week MA turned lower from a lower high.

[The Market's Compass @Mkts_Compass]

@HackermanAce Hero at two.

[The Market's Compass @Mkts_Compass]

Hero's second Birthday this weekend!

[The Market's Compass @Mkts_Compass]

The CCi30 Index has been trapped in a tight 3-week range since rebounding from 9,305.

Minor positive: price cleared the Tenkan/Kijun confluence on Wednesday.

But momentum remains mixed:
• MACD rising, still below zero
• 8-Day Stochastic turning higher
• Breadth neutral

The key level: 12,180.
A breakout above it would confirm consolidation — not distribution.

[The Market's Compass @Mkts_Compass]

Read more at: https://t.co/gu5HmSpUTX

[Gert van Lagen @GertvanLagen]

#BTC is ready for the first expansion phase since 2017 w.r.t. money supply M1.

BTC / M1 broke above a 6-year resistance, printed a new ATH, and is now bouncing after a second successful retest at 🔵

The setup looks strikingly similar to 2016.

2021 was consolidation...