Gordon T Long Research exclusively located at MATASII.com

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BEWARE THE IDES OF MARCH!

INCREASINGLY MORE MARKET DIVERGENCES?

Click All Charts to Enlarge

The Ides of March is the 74th day in the Roman calendar, corresponding to 15 March.

1. It was a deadline for settling debts in Rome In 44 BC,
2. It became notorious as the date of the assassination of Julius Caesar - a turning point in Roman history.

....sounds about right for today!

NVIDIA IS THE MARKET!

BREADTH DOESN'T GET ANY LESS THAN ONE!

1 - SITUATIONAL ANALYSIS

WE HAVE REACHED A HISTORICAL LEVEL ON MANY MEASURES!

The market is in a Technical Overbought condition comparable to the Dotcom Bubble run-up. Over the 25 years (shown to the right) this has only happened a few times.

The only thing that will stop this market is a SHOCK event - similar to trying to get someone out of a trance.

CHART RIGHT

Record Momentum Crowding: The non-linear crowding estimate of Momentum is flashing red at 99.8%ile with the fastest increase ever in the past month.

CHART BELOW

The growing number of Divergences is a concern. Sentiment & Risk Divergences in the two charts below.

Its called "Distribution" by the Smart Money!



2- FUNDAMENTALS

The equity markets are pricing increasing expectation of global economic growth and higher EPS.

We see this in many ways:

CHART TOP RIGHT

The market appears to have priced better growth alongside policy and inflation worries over the course of the year.

CHART BOTTOM RIGHT

Yields have been driven not just by concerns around more hawkish policy, but also by improving growth views.

CHART BELOW

Chances are that the Bulls continue to be LONG until the SPX Trailing PE ration exceeds 25x.

3 - TECHNICAL ANALYSIS

GOLD

TIME FOR A BRIEF PAUSE?

CHART RIGHT

Though shiny metal has surged we are likely approaching the first technical resistance levels as we trade in the upper part of the trend channel.

Gold volatility, which trades with an "upside skew", has also moved sharply higher.

Time for a pause? (clicks charts below to expand)

CHART BELOW

The 50 / 100 /200 DMA's are now tightly banded. This is usually a signal of a pending breakout. Crosses to the downside would signal a "Death Cross". The 100 DMA is now crossing the 200. Continue to watch closely!

YOUR DESKTOP / TABLET / PHONE ANNOTATED CHART

Macro Analytics Chart Above:  SUBSCRIBER LINK

GOLD - cfd's - Daily

Time for a brief pause to consolidate gains and test support before heading higher!

YOUR DESKTOP / TABLET / PHONE ANNOTATED CHART

Macro Analytics Chart Above:  SUBSCRIBER LINK

GOLD - Daily

YOUR DESKTOP / TABLET / PHONE ANNOTATED CHART

Macro Analytics Chart Above:  SUBSCRIBER LINK

THE MAGNIFICENT 7

What could possibly go wrong??

CHART BELOW

• We have reached the vertical lift part of the parabolic (geometric) lift shown by the dashed red line.
• We have Divergence with momentum (bottom pane),
• Momentum appears to be rolling over (bottom pane)

MATASII CROSS: WEEKLY - CONTINUES TO SIGNAL A MAG-7 BUY

YOUR DESKTOP / TABLET / PHONE ANNOTATED CHART

Macro Analytics Chart Above:  SUBSCRIBER LINK

US EQUITY MARKETS

CONTROL PACKAGE

There are FIVE charts we have outlined in prior chart packages that we will continue to watch closely as a "control set".

1. The S&P 500 (CHART LINK)
2. The DJIA (CHART LINK)
3. The Russell 2000 through the IWM ETF (CHART LINK),
4. The MAGNIFICENT SEVEN (CHART ABOVE WITH MATASII CROSS - LINK)
5. Nvidia (NVDA) (CHART LINK)

S&P 500 - Daily - Our Though Experiment

Our Though Experiment, which we have discussed previously, suggests we have put in a near term top (or very close to it) and will now consolidate before possibly completing one final small impulse higher or put in a 1-2 Wave of a much higher degree.

NOTE: To reiterate what I previously wrote - "the black labeled activity shown below, between now and July, looks like a "Killing Field" where the algos take Day Traders, "Dip Buyers", "Gamma Guys" and FOMO's all out on stretchers!"

YOUR DESKTOP / TABLET / PHONE ANNOTATED CHART

Macro Analytics Chart Above:  SUBSCRIBER LINK

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