Good afternoon from CFT.
BTC,
Last week we were trading up here $23,000 or so; we were looking for a pullback, down to around $21,700 for a buy; we did get that. We then ultimately turned higher, and went to new highs for this move.
We did take profits on some Alts and Ethereum, 20% +.
So we are 70% in cash, looking for some backing and filling here, but still ultimately higher.
U.S. stocks,
we talked about a pullback early in the week. We did get that down to the 294 level, then quickly back to new highs. Once again, we look for some backing and filling, but we think we still have higher to go in the near term.
U.S. Dollar,
We are looking for a top; we had a little bit of weakness; we did have this sideways consolidation, which looks lower. Our indicators are oversold, so we are looking for a bounce here, but we think the Dollar is topping.
Precious metals,
we are calling for a low down here for a rally back up to 130. We had a little bit of rally off of the lows for the week. We look for higher.
Thank You.
CFT Team.