Vantagepoint AI Market Outlook for March 27 2023

Welcome to the Artificial Intelligence Outlook for Forex trading. VIDEO TRANSCRIPT Hello everyone and welcome back. My name is Greg Firman and this is the Vantage Point AI market outlook for the week of March the 27th, 2023. Equity Markets Now to start this week, we’re going to begin with our equity markets, and of course I’m going to include the VIX and Bitcoin and the SPYs in this particular review. So what we can see here right now is the inner intermarket correlation between the Dow Jones and the S&P 500 is still there, but the Dow Jones is much weaker sitting under its yearly opening price at 33,148. While the S&P 500 has largely been profitable the entire calendar year, it still remains profitable when we look at this from the beginning of the year. Again, we can just do a quick little check here. Now again, when we look at that particular how far we’re up this year on an annualized basis, we remain still surprisingly strong at still up 3.2% on an annualized basis. So right now, the stocks are at risk of selling off with what’s happening in the US or globally for that matter, with these banks. So again, the continue to hike rates. We’ll see where this ends up, but for now, the S&P 500 remains strong. The Dow Jones were covering somewhat but still negative. Russell 2000 When we look at the Russell, we can see that the Russell also remains negative on the year. Now, if we continue to hold along the verified support low and the S&p 500 and the NASDAQ can extend higher, then that could breathe new life into the Russell and the Dow, but it’s going to be a little bit more difficult. In my respectful opinion, the NASDAQ remains well very much positive on the year. When we look closer at the NASDAQ, we can see that currently as we sit right now, if we are bought this on January the first, the NASDAQ again remains firmly up on the year at 12.85%. Bitcoin Now, a lot of that in my respectful opinion, only is coming from this massive move up on Bitcoin yet again, up close to 60, 65% on the year, one of the number one investments this year. But we can see with Bitcoin, we’ve got some resistance building here at 28,779. In my respectful opinion only again, Bitcoin is started to correlate more to gold than the equity markets. If you remember several months ago, I had talked about looking for something like this where I would see the Bitcoin break away from its correlation to stocks and move more towards the… Not just a risk on asset, but also a risk off. And as gold has made a very strong move up, Bitcoin has made an even stronger move, which I’ll talk about more in a minute. But right now on the equity side, the S&P 500 and the NASDAQ are in my, again, the better play. $SPY When we look at the SPYs, it’s the same thing. We’re following higher with the… Basically this is an S&P 500 trade, but both of them holding again above their respected yearly opening prices, which is very important. When we look at the global equity market, looking at the [inaudible 00:03:18], it’s starting to recover, but still below our advantage point TCROSS long. 2752, when we look at the Euro stock 50, we can see something very similar. So the European equity markets are struggling here. So the prettiest horse right now in the respectful glue factory is to some degree the S&P and the NASDAQ. So if you’re going after stocks, those are your two better indexes. And again, but we’ll continue to monitor it closely each week. Now, when we build into our secondary plan here, we look at the major commodities and the main four X pairs, but we use that split screen theory to get a good look at these inner market correlations and see what’s strong and what’s weak. U.S. Dollar Index ($DXY) Now, with the dollar moving lower, the inner market correlation there appears to be an inverse correlation between wheat and your dollar contract. So as the dollar continues to tank on the year, really the dollar, again, I think there’s a lot of misleading information out there. The dollar is negative on the year again. So again, we can see that the Fed is probably going to have to… I don’t know if he’s going to cut, but I think he’s going to have to pause here sooner rather than later. And if one or more banks fail again, you’re going to see maybe an emergency rate cut even. It’s hard to say. But for now, when we look at the dollar, the dollar as I’ve talked about on these weekly outlooks many times, the dollar always almost always strengthens in the first week of the new month, and then it sells off after the week of the non-farm payroll number. So right now there is some light at the end of the tunnel here for the dollar, we have an MA diff cross, but we must clear the vantagepoint T-cross long at 10379. Now when we click on our F8 in our software, we do want to look at that predicted moving average also. The long predicted 10318, but again, the dollar unable to break through 10580, and now we’re again below the negative on the year yet again. And now we’re basically well below the 10509 area. But that’s an actual fact. The dollar is really never been positive in the entire month of March. The red line is the monthly opening price. The blue line here is the yearly opening price. So that monthly opening has really been rather negative for the dollar, and we’re holding below our key vantage point levels. But we do have a neural index turning green. An MA diff is cross is starting to move up. So there could be some hope yet for the dollar. But what we would need with that too is again, some of these commodities backing off a little bit. Gold Number one is gold. When we look at gold, we’ve got some resistance here finally at 1987, or excuse me, the high of 2007, but again, one more bank failure and gold easily breaks through 2,000. So you’ve got a lot of fundamentals at play. But what we want to make sure we’re doing is not using indicators in isolation, but rather combining them together. So when we look at the newly formed verified resistance high at 2007, then we look at this with the MA diff cross and say, okay, we’re losing momentum here. So for next week, that level is extremely important that we get through it sooner rather than later, or there could be problems. But you can see that we’ve got a reverse MA diff cross to the downside and it’s to the upside on the dollar index. Crude Oil Once again, when we look at oil, oil is recovered somewhat, but if the US in or globally, if we’re moving into a recession, there’s likely to be very little demand for oil. So in order to start getting long on oil, again, we need that dollar continuing to move lower. But more specifically, we’ve got to get above these vantagepoint predicted moving average, that TCROSS long 7206. But again, we want to get a little bit closer to the price action here using the long predicted. That would be F8 on your control panel or on your computer. So when we look at that right now, we’re not getting over that predicted moving average, which suggests there’s still some potential problems here. But the MA diff cross here on light suite crude oil, this is one we want to keep an eye on to see if we can continue to advance here. But my optimism on strong gold or strong oil prices remains heavily, heavily guarded. So when we further look at some of… A closer look at that, that S&P 500, we can see that we’re also holding along the vantage point T-cross long 3951, but the monthly opening and the yearly opening price, you’ve got a lot of support slash resistance at 3960 and 3853, but 3853, we remain long the equity markets or the S&P 500, as long as we hold above or we remain positive on the year. Another way you can do this is straddle the yearly opening price by buying close to it and then having a sell stop order below 3853. That’s another option to play here, but again, long’s clearly the better play on the S&P in 2023. Euro versus U.S. Dollar Now with some of the four x pairs, when we look closer at those, starting with the top pair, once again, that would be one of the number one… I would argue the number one 4X payer. Once again, the Euro US payer. Now the Euro has made a substantial move up here, but we’re still barely holding above our remaining positive on the year. That yearly opening price 10704. Now the monthly opening here, 10576, we’re looking to stay above these levels. If the Euro can advance, it doesn’t look like [inaudible 00:09:22] going to back off hikes anytime soon. But again, these bankers can change on a whim. Now, for next week or going into the first week of the new month, we do have an MA diff cross that is crossing to the downside. So that’s pointing towards weakness in the Euro and some dollar strength around the beginning of the month. Now, at the beginning of the month, some of your larger banks, your governments settling trade balances, paying government employee, they must buy dollars. They need dollars at the beginning of the month. So the euro likely to come under a little bit of pressure here, but as long as you.. [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored [The A.I. Trend Has These 7 Stocks Set To Soar]( Making profits in the stock market depends on making your entry at the right time. The time is NOW to get into A.I. Artificial Intelligence is turning into one of the most popular trends this year, and it has only just begun. [Go HERE to Reveal Which Stock These Are]( By clicking link you are subscribing to The Wealthiest Investor News’s Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( [Vantagepoint AI Market Outlook for March 27 2023](?site= Welcome to the Artificial Intelligence Outlook for Forex trading. VIDEO TRANSCRIPT Hello everyone and welcome back. My name is Greg Firman and this is the Vantage Point AI market outlook for the week of March the 27th, 2023. Equity Markets Now to start this week, we’re going to begin with our equity markets, and of course I’m going to include the VIX and Bitcoin and the SPYs in this particular review. So what we can see here right now is the inner intermarket correlation between the Dow Jones and the S&P 500 is still there, but the Dow Jones is much weaker sitting under its yearly opening price at 33,148. While the S&P 500 has largely been profitable the entire calendar year, it still remains profitable when we look at this from the beginning of the year. Again, we can just do a quick little check here. Now again, when we look at that particular how far we’re up this year on an annualized basis, we remain still surprisingly strong at still up 3.2% on an annualized basis. So right now, the stocks are at risk of selling off with what’s happening in the US or globally for that matter, with these banks. So again, the continue to hike rates. We’ll see where this ends up, but for now, the S&P 500 remains strong. The Dow Jones were covering somewhat but still negative. Russell 2000 When we look at the Russell, we can see that the Russell also remains negative on the year. Now, if we continue to hold along the verified support low and the S&p 500 and the NASDAQ can extend higher, then that could breathe new life into the Russell and the Dow, but it’s going to be a little bit more difficult. In my respectful opinion, the NASDAQ remains well very much positive on the year. When we look closer at the NASDAQ, we can see that currently as we sit right now, if we are bought this on January the first, the NASDAQ again remains firmly up on the year at 12.85%. Bitcoin Now, a lot of that in my respectful opinion, only is coming from this massive move up on Bitcoin yet again, up close to 60, 65% on the year, one of the number one investments this year. But we can see with Bitcoin, we’ve got some resistance building here at 28,779. In my respectful opinion only again, Bitcoin is started to correlate more to gold than the equity markets. If you remember several months ago, I had talked about looking for something like this where I would see the Bitcoin break away from its correlation to stocks and move more towards the… Not just a risk on asset, but also a risk off. And as gold has made a very strong move up, Bitcoin has made an even stronger move, which I’ll talk about more in a minute. But right now on the equity side, the S&P 500 and the NASDAQ are in my, again, the better play. $SPY When we look at the SPYs, it’s the same thing. We’re following higher with the… Basically this is an S&P 500 trade, but both of them holding again above their respected yearly opening prices, which is very important. When we look at the global equity market, looking at the [inaudible 00:03:18], it’s starting to recover, but still below our advantage point TCROSS long. 2752, when we look at the Euro stock 50, we can see something very similar. So the European equity markets are struggling here. So the prettiest horse right now in the respectful glue factory is to some degree the S&P and the NASDAQ. So if you’re going after stocks, those are your two better indexes. And again, but we’ll continue to monitor it closely each week. Now, when we build into our secondary plan here, we look at the major commodities and the main four X pairs, but we use that split screen theory to get a good look at these inner market correlations and see what’s strong and what’s weak. U.S. Dollar Index ($DXY) Now, with the dollar moving lower, the inner market correlation there appears to be an inverse correlation between wheat and your dollar contract. So as the dollar continues to tank on the year, really the dollar, again, I think there’s a lot of misleading information out there. The dollar is negative on the year again. So again, we can see that the Fed is probably going to have to… I don’t know if he’s going to cut, but I think he’s going to have to pause here sooner rather than later. And if one or more banks fail again, you’re going to see maybe an emergency rate cut even. It’s hard to say. But for now, when we look at the dollar, the dollar as I’ve talked about on these weekly outlooks many times, the dollar always almost always strengthens in the first week of the new month, and then it sells off after the week of the non-farm payroll number. So right now there is some light at the end of the tunnel here for the dollar, we have an MA diff cross, but we must clear the vantagepoint T-cross long at 10379. Now when we click on our F8 in our software, we do want to look at that predicted moving average also. The long predicted 10318, but again, the dollar unable to break through 10580, and now we’re again below the negative on the year yet again. And now we’re basically well below the 10509 area. But that’s an actual fact. The dollar is really never been positive in the entire month of March. The red line is the monthly opening price. The blue line here is the yearly opening price. So that monthly opening has really been rather negative for the dollar, and we’re holding below our key vantage point levels. But we do have a neural index turning green. An MA diff is cross is starting to move up. So there could be some hope yet for the dollar. But what we would need with that too is again, some of these commodities backing off a little bit. Gold Number one is gold. When we look at gold, we’ve got some resistance here finally at 1987, or excuse me, the high of 2007, but again, one more bank failure and gold easily breaks through 2,000. So you’ve got a lot of fundamentals at play. But what we want to make sure we’re doing is not using indicators in isolation, but rather combining them together. So when we look at the newly formed verified resistance high at 2007, then we look at this with the MA diff cross and say, okay, we’re losing momentum here. So for next week, that level is extremely important that we get through it sooner rather than later, or there could be problems. But you can see that we’ve got a reverse MA diff cross to the downside and it’s to the upside on the dollar index. Crude Oil Once again, when we look at oil, oil is recovered somewhat, but if the US in or globally, if we’re moving into a recession, there’s likely to be very little demand for oil. So in order to start getting long on oil, again, we need that dollar continuing to move lower. But more specifically, we’ve got to get above these vantagepoint predicted moving average, that TCROSS long 7206. But again, we want to get a little bit closer to the price action here using the long predicted. That would be F8 on your control panel or on your computer. So when we look at that right now, we’re not getting over that predicted moving average, which suggests there’s still some potential problems here. But the MA diff cross here on light suite crude oil, this is one we want to keep an eye on to see if we can continue to advance here. But my optimism on strong gold or strong oil prices remains heavily, heavily guarded. So when we further look at some of… A closer look at that, that S&P 500, we can see that we’re also holding along the vantage point T-cross long 3951, but the monthly opening and the yearly opening price, you’ve got a lot of support slash resistance at 3960 and 3853, but 3853, we remain long the equity markets or the S&P 500, as long as we hold above or we remain positive on the year. Another way you can do this is straddle the yearly opening price by buying close to it and then having a sell stop order below 3853. That’s another option to play here, but again, long’s clearly the better play on the S&P in 2023. Euro versus U.S. Dollar Now with some of the four x pairs, when we look closer at those, starting with the top pair, once again, that would be one of the number one… I would argue the number one 4X payer. Once again, the Euro US payer. Now the Euro has made a substantial move up here, but we’re still barely holding above our remaining positive on the year. That yearly opening price 10704. Now the monthly opening here, 10576, we’re looking to stay above these levels. If the Euro can advance, it doesn’t look like [inaudible 00:09:22] going to back off hikes anytime soon. But again, these bankers can change on a whim. Now, for next week or going into the first week of the new month, we do have an MA diff cross that is crossing to the downside. So that’s pointing towards weakness in the Euro and some dollar strength around the beginning of the month. Now, at the beginning of the month, some of your larger banks, your governments settling trade balances, paying government employee, they must buy dollars. They need dollars at the beginning of the month. So the euro likely to come under a little bit of pressure here, but as long as you.. 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