Caleb Franzen

Caleb Franzen

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Another Bitcoin pump gets dumped. Just when it felt like bulls had a chance to tighten their grip. It's a chop fest within a 2.5 month downtrend.

Without question, equities are still in a bull market. How do I know? First of all, a bunch of indices, sectors, & thematic ETFs are making new all-time highs, but... Stocks are making new ATHs relative to Treasuries. This SPY/TLT scenario is what I outlined in November.

$ARKK is a great risk-on barometer for the stock market. Personally, I want to see it break above this 50% to 61.8% range, like I talked about on the podcast last week with the guys at @StockMktTV. It can happen. Some might even expect it to happen. But we need to see it.

The S&P 500 is retesting its AVWAP from the all-time highs.

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