Vantagepoint AI Market Outlook for August 14, 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 VantagePoint AI Market Outlook for the week of August the 14th, 2023. SPDR SPY ETF ($SPY) SPDR SPY ETF ($SPY) Now to get started this week, we’ll again do an accurate review of what the performance level of the SPYs are. Again, we want to avoid the rolling performance model here and make sure we’re staying current with our pricing because again, very important to help us point us towards those reversal points. So if we look at the SPYs here, the last week here, not a good week at all. Down 0.64%. But again, we’re not up 0.78% here over the last month. We’re actually down 2.34%. So that’s a fairly large move for the beginning of the month. And again, when you’re using proper anchor points and an accurate way of determining what the performance actually is on the week, the month, and the year, then you have a much better idea of where things are sitting. So down 2.34%. When we look at the VP software here, we can see that we’ve got a medium term crossing our long-term predicted difference. We have a neural index strength that isn’t above the zero line, but it’s pointing to it. Now, in my respectful opinion, only August is a very, very slow illiquid month. So I’m not looking for any huge moves here, but predominantly, the stock market I would argue doesn’t do the best in the month of September. And this could be an early start to this, but right now the indicators are pointing towards some type of reversal higher here. Now, the inflation data coming out on Friday, a little bit hotter there. That’s helped the dollar along, put a little bit more pressure on the equity markets. But again, in my respectful opinion only, I think it will be very difficult for any global central bank to continue to hike here. So again, when we’re looking at those accurate performance at the beginning of the month, the beginning of the week, we get a much better idea of where any particular asset class is in the month, the week, and the year. So a firm uptrend on the SPYs and the S&P 500 that is indisputable in 2023. But you’ll remember back in March when they used that same rolling performance going back a random five days, random 30 days, random 365 days. And then they tried to convince us in March that we were in a bear market when in actual fact we were above the yearly and the monthly opening price and we were in a period of a seasonal pattern of known dollar strength. So again, we’ve got to be very, very cautious how we’re measuring the performance of any market. S&P 500 Index S&P 500 Index So when we look at the S&P 500, which basically is the SPYs, this is the future side of it with the S&P, so when we look at this right now, we can assess we have the same reversal signal forming. So in this particular case, I would look for the neural index strength to break the zero line, point higher, the neural index to turn, and then I want the market moving higher. Now our key main pivot areas are the T… I’ve included two this week so you can see them both. This is not a blue line and a black line. This is the long-term crossover. And again, I’ll show it. I’ve got a few emails from last week that I can go over this. This is the long-term crossover without the black line. Then I will take the triple MA cross and remove the shorter term predicted moving averages. So I’m using two of the core VantagePoint predicted moving averages. One for shorter term trading, which would be the long predicted. And one for longer term trading, which is the T-cross long. The theory is while below, we sell. While above, we go long. So again, in my respectful opinion, for longs to be attractive for me in this month, I would like to see the market get back up above and the monthly opening price. And I don’t think that’s going to be an easy task with the inflation data, et cetera. But there is a warning sign that that is possible because again, we look at this when the markets are closed because this is an outlook guys, not a recap of something that’s happened last week or two weeks ago or a month ago. Each week we get set up for the next trading week based around the predictive indicators. So right now the predictive indicators are warning that we’re running out of steam. When we again properly measure the performance at the beginning of the month, we can assess this and say, “Well, that’s a rather large move on the S&P 500 to begin the month to the downside at 2.69%.” Yes, I think it’s very reasonable that we could see some type of retracement back towards that monthly opening price and the indicators in VantagePoint are supporting that. Just be careful. Again, your Monday Tuesday trading, what we work on in the VantagePoint live training rooms is that Monday, Tuesday reversal don’t fall for whatever the price is on Monday because it very often reverses on Tuesday. U.S. Dollar Index U.S. Dollar Index ($DXY) Now when we look at the market that really is driving everything, the dollar index, gold prices, equity prices, numerous commodities, the dollar got a lift, but you’ll notice on Thursday we came down and kissed the VantagePoint T-cross long to the number at 102 and we bounced off of that and we’ve started to move higher. Now the dollar, you can see the factual performance guys, the year to date performance. I don’t care what happened 365 days ago from today. It’s not relevant, guys. What’s relevant is where we are in the calendar year and 103.66 is the yearly opening price. I believe the dollar could challenge this next month, but not this month. Barring some sort of comment from the FOMC, I have no control over that, but right now I believe you will see sellers coming out of the woodwork here if we approach this level. So our key supports levels now this week, the long predicted, which you can see is highlighted by the AI symbol 102.46. And on the T-cross long, we’ve got 102.0 8. And then we in turn have closed at about 102.84. So a very bullish close. But be careful, we’re coming up against this T-cross long .and again, this is the exact same level that we saw where the dollar was trying to break down back in March, but that didn’t come to fruition. The dollar reversed and went lower as the stock markets took hold. So the indicators, very mixed here. Our neural index strength is pointing up, I like that. But our predicted differences are very mixed. And the neural index itself is mixed with a yellow sign here. But again, we’ve had a retracement to the 50 level on the predicted RSI and we’re rebounding higher. So the dollar in most cases does not fare well the week after the non-farm payroll number. But the PPI has given it a bit of a boost. We’ll see if it can carry those gains into next week, but I think it’s a rather tall order at this particular time based on a very mixed bag here of indicators. Light Sweet Crude Oil Light Sweet Crude Oil Now, Light-Sweet-Crude-oil, when we look at crude oil going into the week here, once again that’s VP plus. Let me just go back to our daily timeframe here. So on our daily timeframe with oil, once again, oil has turned positive on the year. But as you can see, we’ve been up here before this year guys, and it’s struggled at this level. It’s failed. So once again, I’m not in the camp of a soft landing. I believe if they keep these rates this high, it’s going to be a hard landing and a recession. Yes, I absolutely could be wrong, but I’ve seen this movie before guys, and it’s concerning. Even leaving the rates up at these levels is going to be problematic for a number of companies and the general public alike. So right now oil is banking on that, that there will be a soft landing and it will be business as usual, but I would be very cautious. The VP indicators here, and again the neural index strength, I’ve talked with this with a number of you guys, it’s a fantastic indicator. The worst thing you can say about this indicator is it’s always early guys where a lot of other indicators are not. So right now, at the very least I anticipate we will retest that T-cross long. But a point of interest here again guys, the yearly opening price, the current correct yearly opening price is intersecting with the VantagePoint T-cross long at 80.54. If you believe as I do there’s something a little off here, then you would’ve sell limit orders set up just below the T-cross long because if and when it breaks down below that, you will see likely a very violent move to the downside. Is it possible that’s going to be next week? I think it’s unlikely, but I think we will see it that a bigger move down in mid-September and mid-October. Gold GOLD Now, when we look at gold prices here again, gold remains in a firm uptrend on the year guys. The yearly opening price is 1,824. Until such time as it breaks down below that yearly opening price, gold longs are still viable. Again, if a recession does, it’s not a soft landing, then you will see gold prices spike. Gold down a little bit again on some of that inflation data. But right now, again, that neural index strength, you can see the actual neural index is red, but the neural index strength is showing a completely different signal here. So having the ability to see inside that neural index is extremely powerful in my respectful opinion. So right now it’s warning that potentially gold’s moving higher. So that would tell us that likely the dollar would struggle next week. These indicators, the predicted differences, the predicted RSI, all starting to show signs of a turnaround is imminent. Bitcoin Bitcoin When we look at Bitcoin, once again here guys, I think we’re still about a month away from a very strong seasonal pattern in Bitcoin. So a move lower would certainly not surprise me. But either way, mid-September to mid-October, early November at the latest has proven to be a very good buying period for Bitcoin versus the US dollar. So that means Bitcoin related stocks like Hut 8 Mining, maybe Hive, a number of different traits can spin off Bitcoin going higher. So again, right now we’re just basically running sideways on the main contracts here. The neural index strength pointing up again, yet another indicator of potential dollar weakness is coming. And the predicted RSI is sitting at the 60 level, the breakout point. Again with the predicted RSI or any RSI, I do not look at overbought and oversold. I’m looking for momentum in the market. A break of 60, a sustained break of 60 tells me I have upward momentum. A sustained break of the 40 level down here would tell me I have downside momentum. So you can see that while Bitcoin comes along and tests this level, it has a great deal of difficulty staying above it, but it’s also struggling staying above the 62. But again, there is a seasonal and it’s not that far away. Maybe a month. Euro versus U.S. Dollar [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored [Protect Your Wealth from Inflation - Your Survival Guide]( Inflation is a silent killer of your wealth. You may be losing more money than you realize, and it could only get worse. Don't wait until it's too late to take action. [Go HERE To Learn How to Protect Yourself from Infl]( By clicking the link you are subscribing to The Investors News Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( [Vantagepoint AI Market Outlook for August 14, 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 VantagePoint AI Market Outlook for the week of August the 14th, 2023. SPDR SPY ETF ($SPY) SPDR SPY ETF ($SPY) Now to get started this week, we’ll again do an accurate review of what the performance level of the SPYs are. Again, we want to avoid the rolling performance model here and make sure we’re staying current with our pricing because again, very important to help us point us towards those reversal points. So if we look at the SPYs here, the last week here, not a good week at all. Down 0.64%. But again, we’re not up 0.78% here over the last month. We’re actually down 2.34%. So that’s a fairly large move for the beginning of the month. And again, when you’re using proper anchor points and an accurate way of determining what the performance actually is on the week, the month, and the year, then you have a much better idea of where things are sitting. So down 2.34%. When we look at the VP software here, we can see that we’ve got a medium term crossing our long-term predicted difference. We have a neural index strength that isn’t above the zero line, but it’s pointing to it. Now, in my respectful opinion, only August is a very, very slow illiquid month. So I’m not looking for any huge moves here, but predominantly, the stock market I would argue doesn’t do the best in the month of September. And this could be an early start to this, but right now the indicators are pointing towards some type of reversal higher here. Now, the inflation data coming out on Friday, a little bit hotter there. That’s helped the dollar along, put a little bit more pressure on the equity markets. But again, in my respectful opinion only, I think it will be very difficult for any global central bank to continue to hike here. So again, when we’re looking at those accurate performance at the beginning of the month, the beginning of the week, we get a much better idea of where any particular asset class is in the month, the week, and the year. So a firm uptrend on the SPYs and the S&P 500 that is indisputable in 2023. But you’ll remember back in March when they used that same rolling performance going back a random five days, random 30 days, random 365 days. And then they tried to convince us in March that we were in a bear market when in actual fact we were above the yearly and the monthly opening price and we were in a period of a seasonal pattern of known dollar strength. So again, we’ve got to be very, very cautious how we’re measuring the performance of any market. S&P 500 Index S&P 500 Index So when we look at the S&P 500, which basically is the SPYs, this is the future side of it with the S&P, so when we look at this right now, we can assess we have the same reversal signal forming. So in this particular case, I would look for the neural index strength to break the zero line, point higher, the neural index to turn, and then I want the market moving higher. Now our key main pivot areas are the T… I’ve included two this week so you can see them both. This is not a blue line and a black line. This is the long-term crossover. And again, I’ll show it. I’ve got a few emails from last week that I can go over this. This is the long-term crossover without the black line. Then I will take the triple MA cross and remove the shorter term predicted moving averages. So I’m using two of the core VantagePoint predicted moving averages. One for shorter term trading, which would be the long predicted. And one for longer term trading, which is the T-cross long. The theory is while below, we sell. While above, we go long. So again, in my respectful opinion, for longs to be attractive for me in this month, I would like to see the market get back up above and the monthly opening price. And I don’t think that’s going to be an easy task with the inflation data, et cetera. But there is a warning sign that that is possible because again, we look at this when the markets are closed because this is an outlook guys, not a recap of something that’s happened last week or two weeks ago or a month ago. Each week we get set up for the next trading week based around the predictive indicators. So right now the predictive indicators are warning that we’re running out of steam. When we again properly measure the performance at the beginning of the month, we can assess this and say, “Well, that’s a rather large move on the S&P 500 to begin the month to the downside at 2.69%.” Yes, I think it’s very reasonable that we could see some type of retracement back towards that monthly opening price and the indicators in VantagePoint are supporting that. Just be careful. Again, your Monday Tuesday trading, what we work on in the VantagePoint live training rooms is that Monday, Tuesday reversal don’t fall for whatever the price is on Monday because it very often reverses on Tuesday. U.S. Dollar Index U.S. Dollar Index ($DXY) Now when we look at the market that really is driving everything, the dollar index, gold prices, equity prices, numerous commodities, the dollar got a lift, but you’ll notice on Thursday we came down and kissed the VantagePoint T-cross long to the number at 102 and we bounced off of that and we’ve started to move higher. Now the dollar, you can see the factual performance guys, the year to date performance. I don’t care what happened 365 days ago from today. It’s not relevant, guys. What’s relevant is where we are in the calendar year and 103.66 is the yearly opening price. I believe the dollar could challenge this next month, but not this month. Barring some sort of comment from the FOMC, I have no control over that, but right now I believe you will see sellers coming out of the woodwork here if we approach this level. So our key supports levels now this week, the long predicted, which you can see is highlighted by the AI symbol 102.46. And on the T-cross long, we’ve got 102.0 8. And then we in turn have closed at about 102.84. So a very bullish close. But be careful, we’re coming up against this T-cross long .and again, this is the exact same level that we saw where the dollar was trying to break down back in March, but that didn’t come to fruition. The dollar reversed and went lower as the stock markets took hold. So the indicators, very mixed here. Our neural index strength is pointing up, I like that. But our predicted differences are very mixed. And the neural index itself is mixed with a yellow sign here. But again, we’ve had a retracement to the 50 level on the predicted RSI and we’re rebounding higher. So the dollar in most cases does not fare well the week after the non-farm payroll number. But the PPI has given it a bit of a boost. We’ll see if it can carry those gains into next week, but I think it’s a rather tall order at this particular time based on a very mixed bag here of indicators. Light Sweet Crude Oil Light Sweet Crude Oil Now, Light-Sweet-Crude-oil, when we look at crude oil going into the week here, once again that’s VP plus. Let me just go back to our daily timeframe here. So on our daily timeframe with oil, once again, oil has turned positive on the year. But as you can see, we’ve been up here before this year guys, and it’s struggled at this level. It’s failed. So once again, I’m not in the camp of a soft landing. I believe if they keep these rates this high, it’s going to be a hard landing and a recession. Yes, I absolutely could be wrong, but I’ve seen this movie before guys, and it’s concerning. Even leaving the rates up at these levels is going to be problematic for a number of companies and the general public alike. So right now oil is banking on that, that there will be a soft landing and it will be business as usual, but I would be very cautious. The VP indicators here, and again the neural index strength, I’ve talked with this with a number of you guys, it’s a fantastic indicator. The worst thing you can say about this indicator is it’s always early guys where a lot of other indicators are not. So right now, at the very least I anticipate we will retest that T-cross long. But a point of interest here again guys, the yearly opening price, the current correct yearly opening price is intersecting with the VantagePoint T-cross long at 80.54. If you believe as I do there’s something a little off here, then you would’ve sell limit orders set up just below the T-cross long because if and when it breaks down below that, you will see likely a very violent move to the downside. Is it possible that’s going to be next week? I think it’s unlikely, but I think we will see it that a bigger move down in mid-September and mid-October. Gold GOLD Now, when we look at gold prices here again, gold remains in a firm uptrend on the year guys. The yearly opening price is 1,824. Until such time as it breaks down below that yearly opening price, gold longs are still viable. Again, if a recession does, it’s not a soft landing, then you will see gold prices spike. Gold down a little bit again on some of that inflation data. But right now, again, that neural index strength, you can see the actual neural index is red, but the neural index strength is showing a completely different signal here. So having the ability to see inside that neural index is extremely powerful in my respectful opinion. So right now it’s warning that potentially gold’s moving higher. So that would tell us that likely the dollar would struggle next week. These indicators, the predicted differences, the predicted RSI, all starting to show signs of a turnaround is imminent. Bitcoin Bitcoin When we look at Bitcoin, once again here guys, I think we’re still about a month away from a very strong seasonal pattern in Bitcoin. So a move lower would certainly not surprise me. But either way, mid-September to mid-October, early November at the latest has proven to be a very good buying period for Bitcoin versus the US dollar. So that means Bitcoin related stocks like Hut 8 Mining, maybe Hive, a number of different traits can spin off Bitcoin going higher. So again, right now we’re just basically running sideways on the main contracts here. The neural index strength pointing up again, yet another indicator of potential dollar weakness is coming. And the predicted RSI is sitting at the 60 level, the breakout point. Again with the predicted RSI or any RSI, I do not look at overbought and oversold. I’m looking for momentum in the market. A break of 60, a sustained break of 60 tells me I have upward momentum. A sustained break of the 40 level down here would tell me I have downside momentum. So you can see that while Bitcoin comes along and tests this level, it has a great deal of difficulty staying above it, but it’s also struggling staying above the 62. But again, there is a seasonal and it’s not that far away. Maybe a month. Euro versus U.S. Dollar [Continue Reading...]( [Vantagepoint AI Market Outlook for August 14, 2023]( And, in case you missed it: - [Is It Time To Go Long Apple Stock?]( - [Is Warren Buffett Selling U.S. Stocks?]( - [George Soros Open Society Foundation Increases Stake In Amazon and Google]( - [Traditional Finance Companies Enter the Crypto Realm]( - [Why Should US Investors Worry About China’s Economy?]( - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored [Unlock the Potential of 2023's #1 Buy and Hold Stock - Get the Report]( Are you ready to uncover the most promising investment opportunity of 2023? Look no further! 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