Hello from CFT (our new video is out!),
BTC,
Last week we talked about being long Bitcoin and Alts approximately 70% of our portfolio. We did get a sell signal in stocks and somewhat in Bitcoin. Middle of the week, we did take some 20% profits on a couple of small Alts positions; otherwise, we are staying long.
US Stocks,
With stocks possibly pulling back next 3 or 4 trading sessions, we think Bitcoin could come back down and see $21,750; then, we will look for a buy signal there to add to longs.
In U.S. stocks, we had a sell signal a couple of days again; we are getting some weakness today; we look for lower into the middle of next week and a buy setup.
US Dollar,
we think it has made a top; we are looking for lower.
Precious Metals,
We think we are making a low and could rally back to that 130 – 135 level.
Thank You, and have a good weekend!
CFT Team.