I look at a lot of charts. The best way to visualize the changes in equilibrium between supply and demand just so happens to be in chart form. If there was a better way to do it I would use that instead. So I’m stuck ripping through thousands and thousands of charts a week. I’m cool with it. It’s something I enjoy doing because I know that the only way to properly weigh all of the evidence is to actually weigh it all.
One of the most valuable things I do is to go through every single U.S. Market Index. It really helps get perspective from all sorts of different angles, whether it is various market caps or weighting combinations. I’ve learned that it’s not just about the S&P500 or Nasdaq100 or Dow Jones Industrial Average. It’s how they are all getting along with one another that I’m most concerned with.
We’ll go one by one discussing risk levels, targets and implications: