Technical Update: My Concern for the Markets in Three Charts

I'm Watching These Like a Hawk… July 24, 2020 UNSUBSCRIBE | ARCHIVES Could this be the most important minute of your life? It’s a minute long video that could change the way you make money forever. You could have a real opportunity to collect payouts like $8,900… $11,400… or even an exceptional $54,000 as soon as this coming Monday. But you need to watch this video before it’s taken down Monday at midnight. You do not want to miss your chance. Technical Update: My Concern for the Markets in Three Charts Dear Money & Crisis Reader, We’ve already done one technical update this week, found here. But given the sell-off yesterday, we need another one as we go into the weekend. The market sold off hard yesterday. Many market leaders fell to test their trendline. As such, today is extremely important for stocks. We need to see the markets maintain their bull market trendlines… or we might see a more significant correction. I’m watching three charts in particular: Microsoft (MSFT) Shopify (SHOP) US Dollar ($USD) Let’s discuss those now. #1: Microsoft Can Move the Market Microsoft (MSFT) is the single largest weighted company in the S&P 500, accounting for 5.7% of the total market index. This means that MSFT is extremely important for the overall market’s moves. MSFT shares fell to test their trendline yesterday. We NEED to hold here or at the very least begin to consolidate, or things could start to get ugly fast. #2: Detecting “Risk On vs. Risk Off” Via Shopify Shopify (SHOP) is a momentum darling and a great indicator for “risk on vs. risk off.” Indeed, SHOP actually bottomed March 18, well before the overall market’s bottom on March 23. SHOP shares also fell to test their bull market trendline yesterday. Here again, we need to see this level hold or at least slow the pace of collapse, or the markets could be heading for an UGLY week next week. Is A Team Of Apple Engineers Quietly Set To Change The World? On July 28th at 2:00 pm, a team of Apple engineers could be preparing to go public with one of the biggest innovations of the 21st century… This could be far bigger than the iPhone, or anything Apple has done before. And it could impact how you shop, travel, conduct business online, and more. Best of all, it could be one of the greatest profit chances of your life… giving you the shot at turning as little as $100 into a massive fortune. Click here for details. #3: US Dollar Holds Weight in the Financial System Finally, the US dollar briefly broke below its support from the early March breakdown. The pace of the decline in the greenback is cause for concern. We’re talking about the reserve currency of the world… and over 46% of global debt is denominated in US dollars. The dollar needs to hold here or the decline will accelerate. That is in fact a BAD thing for the financial system. It’s never good if the reserve currency begins to collapse too rapidly. So I’m watching this chart closely. Add if all up, and there’s plenty to be concerned about in the markets today. However, we need confirmation – specifically from the above charts – before we shift from a risk-on framework to a risk-off framework. Best Regards, Graham Summers Editor, Money & Crisis CLAIM YOUR 5-MINUTE GUIDE TO RETIREMENT Thanks to a brand-new, one-of-a-kind website, you can earn a steady stream of income even while you sleep. Yet less than 1% of folks know how to take advantage of it. You can find it on Page 13 of a brand-new book by best-selling author James Altucher. Think of it as your 5-minute guide to retirement, because any one of the ideas inside this 372-page book could help you retire. Copies are available on a first-come, first-served basis. When they’re gone, they’re gone. All that’s left to do is to learn how to claim your copy today! 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