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$TLT is close to making another intermediate term low, but first it's likely to hit or undercut the lower band at 86.16, like it did at the last intermediate term low in May.

$USOIL - We're heading into a 16-17 month cycle low. The ousting of Maduro from ruling Venezuela, which could provide the U.S. a new cheap crude oil supplier, could be the catalyst for a washout in crude oil prices. The 1st yearly support level at $48 could be the target.

No one thought you were involved in this operation in any way, Lady Starmer.

$Gold - The week ended with a bearish engulfing candle after a negative divergence on the 14 week RSI. This bearish setup should lead to a decline to at least the 20 week MA. After it hits the 20 week MA we'll see if it's able to reverse and make a new ATH by the end of Q1.

$SPX - Made a lower low today but only on an intraday basis. The extremely low number of advancing stocks and the put/call ratio spike on Wednesday were both bottoming indicators, so the index either bottomed today or will do so on Monday. It remains to be seen.

$SPX - Based on the indexes futures it looks like despite the bearish close on Wednesday the market won't make a lower low today. The reason this time is not fundamental like last time, but technical. The equities put/call ratio spiked to 0.92, its highest level since June.

$NVDA monthly - Technically it's in trouble. The TSI had a bearish crossover last March and the October top was a divergent one. However, the April low was around its 20 month MA, so as long as it's above the 20 MMA(closed the year at 142.82) it's not in a bear market yet.

$Gold monthly - At the December high(4550) the draw up from the 2022 low was identical to the draw up from the 2008 low to the 2011 high(181.7%). Is this just a coincidence? The December low was 4163. If gold closes below 4163 at the end of January a major top may be in.

$BTC monthly - No. It's not different this time. Bitcoin is in a confirmed bear market as evidenced by the bearish crossover on the TSI. The yearly pivot is at 96K. The 1st yearly support is at 65923. The target for the next bear market low is the 2nd yearly support at 44293.

$SPX - The strange part about today's decline is that only 19 S\&P 500 stocks advanced. The last time we had such a low number of advances was on May 21. SPX declined for 2 more days. The one before that was on April 4, the trading day before the major low on April 7.

$SPX - Closed below the 20 day MA. The last time it happened the index bottomed on the same day, but it was because of the CPI release the next day. This time there's no catalyst on Friday to stop the decline, so hitting the lower band at 6753 has a much higher probability.

Sorry silver bugs, but this looks like a repeat of 2011 when the margins were raised 5 times in 2 weeks(by 84%). The vertical lines show the dates of the margin hikes. This time, it's the 3rd margin hike in December. So far, the margins have been raised by 62%.

$SPX - Tomorrow is a short trading day so we probably won't see a new ATH, though it's likely to be an up day given that Wednesday has been the most bullish day of the week in 2025. The daily trend will turn bearish only in case of a close below the 20 day MA.

$Silver - This is a big bearish candle but one big down day is not enough to confirm a bearish reversal. In January 1980 it had a 12% drop in early January that was followed by another big up move to new highs. Only a close below the 10 day MA will confirm a bearish reversal.

$Silver - The intraday high was $84.03. The intraday low so far is $70.52. That's a daily range of 16.08%. The last time the daily range was as big as that was on August 11 2020. The daily range was 16.67%.

$BTC - Potentially made an intermediate term low in November. It needs a weekly close above the 10 week MA to confirm that. Closing above the 10 week MA will lead to a bounce to the 50 week MA that's currently at 101600. If January is a down month for stocks it's prone to a lower

Interesting. This is the 2nd margin raise by the CME in December. In 2011 silver's bull market topped the day before the 2nd margin raise. It topped on April 28. The 2nd margin raise went into effect on April 29.