Technical Charts and Subscriber Trading Tracker Update

CrowdStrike Earnings

We apologize subscribers, Magnelibra was hit with an unexpected emergency at the end of last week that we had to attend to. We are back online now and will continue to bring you our daily trading trackers and updates. There is a lot going on and we hope to make sense of it all. Before we get to the subscriber trading data trackers let’s take a quick look at a few charts.

The first chart is the QQQs where we will work our MEGA8s hedge this week up at the 527 strike and will cover that later. For now we see 529 and 510 as the weekly levels. We expect the markets will continue to toggle the prior triangle wedge, until we get some new data. We know the range is wide but certainly plausible for now the bulls seem in charge above $510:

Looking at the SP500 futures the bulls are still in charge here above 5807, we suspect a test of the 6035 area is in order:

The Nasdaq futures we will be targeting 21955 for sellers to emerge, but none the less bulls will be supporting this unless the 20882 level is closed below on a weekly basis:

Even with the prospect of increase war in Ukraine after yesterdays airbase bombings, it seems the markets continue to ignore the risks involved. However Crude Oil seemed to have noticed and is putting in a good day today. The $66 level is huge and we suspect some resistance at $65 but really above $66 we may start to see trend following momentum players get involved here:

Another market we want to look at is the August Gold futures, another big day in gold here and now $3450 target is insight. Its obvious that this market is well supported and any pullbacks seem to be bought right up:

Silver has picked up as well and a weekly close above $35.52 will mark a powerful new high and undoubtedly will bring in some fast money sellers, but they will most likely be quickly overcome by more systematic trend following types looking for higher and higher prices here:

Lets take a quick look at the U.S. Bond market yields, first up the yield curve settlement from last week which saw a decent steepening post the 2s and 5s auctions:

As far as the U.S. Govt 10y yield 4.40% is in view. Word on the street is that Trump is looking to fire Jerome Powell, so maybe a few are trying to front run a much more amicable Fed head to the future of interest rates:

Alright guys, we have all the MTR Subscriber data and trading trackers up next, we urge you to become a full subscriber and truly break through that barrier of understanding in regards to our global financial system.

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