Mar. 11-15, 2019 Weekly Trading Update PMs, S&P500, BTC

We complete the weekly wrap-up taking a look at some of the major news of the week and how it effected the various markets. It is Fed Week, the chairmen going out of their way to tell us the economy is growing, when all the macro data is pointing to a recession.

All charts are weekly candlesticks.

Precious Metals showed a positive weekly close after last Friday's take-down. The USD is down for the week, adding to the positive bias of the chart. The dollar closing at 96.54.

S&P500 continued it's s advance toward the highs after having trouble getting over 2800.

Crypto rose also as BTC climbed over $4,000. There are currently 2112 tokens being tracked, total marketcap at 140 Billion, and BTC dominance at only 50.7%, dangerously close to going under 50%. The chart is basing, but I see a continued break to the downside.

Keep stacking. Go get you some.

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