{"id":56382,"date":"2024-08-05T23:44:59","date_gmt":"2024-08-05T23:44:59","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=56382"},"modified":"2024-08-05T23:44:59","modified_gmt":"2024-08-05T23:44:59","slug":"worst-is-over-for-now","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2024\/08\/05\/worst-is-over-for-now\/","title":{"rendered":"Worst is over……for now"},"content":{"rendered":"

The worst is over. For now.<\/p>\n

Buyers manage to halt the slide in the S&P 500 at close to the 5200 support level. Expect further tests but support is likely to hold.<\/p>\n

\"S&P<\/p>\n

The Russell 2000 Small Caps ETF (IWM) similarly encountered strong support at 200. We expect retracement to test resistance at 210 but another test of support is likely.<\/p>\n

\"Russell<\/p>\n

Ten-year Treasury yields are testing long-term support at 3.8%. The low level should boost demand for stocks (value) and precious metals.<\/p>\n

\"10-Year<\/p>\n

Dollar Index found support at 102.50 on the weekly chart below. Retracement is expected to test resistance at 103 but another test of support is again likely.<\/p>\n

\"Dollar<\/p>\n

Bitcoin broke support at $56K but is now retracing to test the new rtesistance level. Respect would confirm the global liquidity contraction, possibly forcing the Fed to intervene.<\/p>\n

\"Bitcoin\"<\/p>\n

Brent crude is testing support between $76 and $77 per barrel despite rising fears of escalation in the Middle East. We expect strong support at this level and retracement to test resistance at $80 is likely.<\/p>\n

\"Brent<\/p>\n

Conclusion<\/h2>\n

The worst is over for now but it would be sensible to wait until the dust settles.<\/p>\n

Though we couldn’t resist a few cheeky bids on stocks we have been following for a while.<\/p>\n","protected":false},"excerpt":{"rendered":"

The worst is over. For now. Buyers manage to halt the slide in the S&P 500 at close to the 5200 support level. Expect further tests but support is likely to hold. The Russell 2000 Small Caps ETF (IWM) similarly encountered strong support at 200. We expect retracement to test resistance at 210 but another … <\/p>\n

Continue reading “Worst is over……for now”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,44,5342,17,34,35],"tags":[69,5056,1073,5395,3010],"class_list":["post-56382","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-crude-oil-natural-gas","category-cryptocurrency","category-japan-korea","category-us-canada-countries-regions","category-us-dollar-index","tag-10-year-treasury-yield","tag-bitcoin-btc","tag-dollar-index","tag-russell-2000-small-caps-etf-iwm","tag-sp-500"],"yoast_head":"\nWorst is over......for now - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worst is over......for now - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The worst is over. 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The flight to safety is boosting demand for precious metals and the Dollar. Stocks The S&P 500 closed at a new high of 5864.\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-18-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-18-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-18-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":58469,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/17\/value-eclipses-growth\/","url_meta":{"origin":56382,"position":1},"title":"Value eclipses growth","author":"Colin Twiggs","date":"October 17, 2024","format":false,"excerpt":"Stocks found support, with value sectors registering the most significant gains. The Dollar strengthened, as did gold and silver, which benefited from their safe-haven status. Stocks The S&P 500 respected support at 5800. Follow-through above yesterday's high would confirm another advance, strengthening our target of 6000. 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Gold retreated to test support at $2,600 per ounce as the Dollar strengthened. The Dollar Index respected support at 104, signaling an advance to 106\u2014bearish for precious metals, commodities, and,\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bitcoin (BTC)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-11-btc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-11-btc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-11-btc.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":49914,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/03\/14\/crude-sets-the-cat-amongst-the-pigeons\/","url_meta":{"origin":56382,"position":3},"title":"Crude sets the cat amongst the pigeons","author":"Colin Twiggs","date":"March 14, 2024","format":false,"excerpt":"Brent crude broke resistance at $84, signaling a fresh advance. Expect retracement to test the new support level but respect is likely and would confirm our target of $94 per barrel. Nymex light crude similarly broke resistance at $80, offering a target of $90 per barrel. The threaten upsurge in\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-15-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-15-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-15-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":48368,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/13\/small-caps-surge-while-commodities-fall\/","url_meta":{"origin":56382,"position":4},"title":"Small caps surge while commodities fall","author":"Colin Twiggs","date":"February 13, 2024","format":false,"excerpt":"The S&P 500 failed to make further progress after breaking 5000. Expect retracement to test the new support level. The Russell 2000 Small Caps ETF (IWM), however, broke resistance at 200 to signal a fresh advance. Trend Index troughs above zero have warned of buying pressure since early January. The\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-12-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-12-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-12-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":47694,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/25\/stocks-retreat-on-soft-5-year-ust-auction\/","url_meta":{"origin":56382,"position":5},"title":"Stocks retreat on soft 5-Year UST auction","author":"Colin Twiggs","date":"January 25, 2024","format":false,"excerpt":"A soft 5-year Treasury auction on Wednesday caused a rebound in long-term yields, with the 10-year closing at 4.178%. Respect of support at 4.10% suggests another leg upwards to 4.30%. The US Treasury held a 5yr Note auction today that fell between not good and ugly. Why? Expectations went unmet,\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-25-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-25-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-25-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/56382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=56382"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/56382\/revisions"}],"predecessor-version":[{"id":56384,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/56382\/revisions\/56384"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=56382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=56382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=56382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}