The Art of Blind Navigation

Today's Watchlist: OXY, ADI, CF, MOS, LMT, BA [Image](   [ARCHIVES]( LIVE]( [Twitter]( [Youtube]( [Instagram]( [Tiktok]( [Discord]( [LinkedIn]( Another cash grab – global trade will never be the same. [Money is flowing back into American hands.](   February 28, 2023 Dear Reader Retail traders have been flooding the markets with about $1.5 billion per day lately, but funds seem to be using the short term strength to sell based on how equities are moving. Unfortunately, we have no idea what these funds are up to right now. The Commodity Futures Trading Commission (CFTC) hasn't released their Commitment of Traders report for three straight weeks due to a pesky cyberattack that hit the system. The delay caused by the [Russian ransomware attack]( in January is keeping us in the dark on key fund positioning data for over a month now. Not good. So how can we tell if funds have been exiting certain markets? What are their thoughts on gold, silver, agriculture, energy, and equities at a time like this? We can't rely on public data, and it won't be until another month before we can even begin to get a clue of what happened LAST WEEK. That's why we fly using Momentum. We've noticed a sharp decline in volume and price over the last month, and we went negative last Tuesday. The market is pretty much flying blind right now, which could explain why momentum took a while to turn red. But get this: [we were able to pinpoint down to the hour]( last week when funds pulled out. It's important to remember that the market's been displaying a clear trend lately, lower highs and lower lows, and afternoon squeezes causing some panic-induced chasing. But here's the kicker: keep a close eye on the The Money Flow Index MFI, a momentum oscillator measuring price and volume, which has been showing oversold conditions due to a significant drop in volume. Looking at the 30-minute chart, we see that bids come in during these oversold conditions, bringing us back to equilibrium before a subsequent selloff. And guess what? This situation is eerily reminiscent of past occurrences. So, don't be shocked when we see a continued selloff today. Right now, everything is negative on the momentum front, with the MACD potentially switching over in the short term and the ADX reading negative. But, interestingly enough, there was a good amount of late buying in the mid and small cap space yesterday, pushing us towards equilibrium. What gives? Well, let’s take a look at the 3990 level on the S&P, the bottom of support for that new channel dating back to October. Drawing a neat little line, we can see the market going straight up. The question is whether the market will fall back into the trend that dominated last year or start something new altogether. The latter scenario is looking more likely as financial conditions have expanded since November. Macro data has been surprising us on the upside, [but there are still concerns]( around new inflation, credit expansion, and the resilience of the consumer. However, consumer financial conditions have been expanding for months, so the ball's in the market's court. A lot of people think that the S&P will shoot higher once it breaks out of this trend historically. But let's not forget that it broke back down in 2008 and the early 1970s. These are the conditions I compare this market to the most. At the end of the day, bull or bear, the [only thing that matters]( is ample liquidity in the system, and we've had that since November. Cheers! Garrett {NAME} Did you miss the show? No worries, we’ve got you covered.   [Biden’s 30X30 Wealth Grab]( Three of the richest men in America have teamed up with the President on a little-known bill called 30X30… a bill that is actively swindling you and the rest of America out of millions. Shah Gilani is putting an end to this rig. 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