Bitcoin is moving up, likely due to institutional buying. This is extremely bullish for the digital asset. I continue to be a buyer on this front.
The big stories I’m watching this week are … Inflation data due on Thursday, energy prices which remain high, and Russia tensions.
The put-to-call ratio and RSI levels are neutral.
The VIX is holding steady.
Most notably bonds sold off … Paving the way for stocks to move higher.
I’m not ready to buy yet but if a few stars can align I’ll make some cautious bets.
Earnings season is continuing. There have been plenty of surprises so far. Keep an eye on the big movers as more surprises are likely in store.
February is typically a slower month so the best opportunities may not show up until March/April.