The MAG Commentary - 03/16/2024
Patrick O'Connell
Check out my LinkedIn Newsletter for info on how my digital content sizzles- to include info on my awesome Market Algo NL that forecasts the S&P500 weekly trends!
The MAG Commentary: 03/16/2024
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Market Weekly Forecasts and Geopolitical Commentaries
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Patrick OConnell, editor
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I am not an investment advisor
Any financial information is for educational purposes only – NOT investment advice!
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Featured in the Commentary Section:
?Featured:
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Greg Mannarino-MUST-WATCH-LIVE ALERT! U.S. FACTORY ACTIVITY IS IN A DEATH SPIRAL. THE ECONOMY IS COLLAPSING FASTER. Mannarino
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?I also publish this Featured story PLUS lots of my other Reddit stories as well in my Reddit Community!
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To get up to the minute geopolitical news from around the world – subscribe to my Reddit Community – “End Ukrainian Genocide” here – Do it today - You can subscribe to it for free, here:
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Empowering Change: Mobilizing Volunteers to Transform Lives -
Be the Change You Wish to See - A Strategic Blueprint for Engaging Communities in Serving the Homeless and Underserved – The “Call to Volunteer” Program:
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Image credit - Photo by Matt Collamer – on Unsplash
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Highly recommended publication:
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Check out where the power outages are currently occurring in the US:
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Our proprietary market algo forecasts the following trends, Risk on, or Risk off, for the upcoming trading week ending on 03/22/2024:
The ?SPY(SPDR, S&P500 ETF), is Trending? DOWNWARD – MINUS 1.89 for the past week ending on 03/15/2024.
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In our opinion – not investment advice – The Bears - once again will rule for the trading week ending 03/22/2024!?
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Yes – yet another week where the Bears are in control!
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So, once again – at least for the upcoming week – the Bears will rule!
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IMPORTANT – The US now officially admits that the US in a “Peoples’ Depression”? -
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Go figure –
?You and I have known this for months!!!
Be Aware – Be Awesome –
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?To not miss out on the rapid changes in market trends – subscribe today – it's free – to my weekly MAG Newsletter!
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Subscribe today – here:
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For the upcoming trading week, ending on 03/22/2024, our proprietary algo forecasts the following potential trend for each of the following metrics – either Bullish or Bearish:
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VIX index:? has remains moderately Bearish!
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VVIX index: remains significantly Bearish - (more so than the VIX!)!
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What can possibly go wrong?
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SPY index: remains moderately Bearish –
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You need to be VERY careful in placing any bullish bets for the upcoming week –
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NOT investment advice- Just my opinion!!!
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Swing traders and day traders – Take Note of This!
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West Texas Intermediate – Crude Oil:? has turned moderately Bullish!
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Indeed - as the US Dept of Energy plans to buy 3 million barrels of crude oil – for delivery in March 2024 –
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It is possible that – moving forward - WTI will typically remain Bullish - in the near term at least!
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QQQ:? remains significantly BEARISH –
for the week ahead!
?Copper:? has turned slightly Bullish – through the upcoming trading week!
?And of course, the VIX – SPY Correlation Variance” – remains slightly Bearish ! –
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You have been warned –
?Be VERY careful in placing your bullish bets in the upcoming trading week!
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Meaning what?? IMHO It means you should continue to be VERY cautious in entering any long term bullish position for this week- at least!
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We shall see how the upcoming trading week plays out.
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NOT investment advice – as we are not investment advisors!?
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Trade at your own risk.?
?Do your own due diligence!
?·????? ???*? Welcome to yet another week in which the Bears rule!
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·????? ?Please refer to our “Warning-Warning – Warning”?? information below for more details!
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??????????????????????? Conservative traders & “Investors” – Please take note of our “Warning – Warning – Warning” information below!
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So what??
?So for the next week – the Bulls rule – once again!.
?Our conclusion for the week ahead is that – our algo indicates that the Bears – at least for the week ahead – are yet again in control.
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For how long the markets will remain Bearish is anyone’s guess – Watch the Fed - Watch the Debt market in Treasuries--- THEY? will be the canary in the coal mine – so to speak – as concerns the direction of the equity markets -IMHO of course – NOT investment advice!
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The Takeaway:
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Our SPY-VIX Correlation Variation metric -? – confirms? - at least from a purely technical point of view (notwithstanding “Fed manipulation” monkey business) – that this coming week’s trend – at least according to this metric - ?has now turned slightly Bearish!
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In our opinion bank runs are still ongoing- notwithstanding the massive printing of fiat money to “stem the run on banks”.
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This is – of course - NOT investment advice – but fasten your seat belts - a bumpy ride awaits!
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Swing traders and day traders will make money – the traders that are not nimble will be crushed, in my opinion!
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For the past few months, we have been saying that we are entering a global depression, not so much a recession!
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Let me know your thoughts on this? - Patrick
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?Keep in mind, Volatility is still very much with us!
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Indeed, IMHO - The Bear Market is still very much still with us, as well – BUT bullish movements can last form weeks to months in the “typical” Bear market!
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To repeat - as all of you know – this bull run – aka as a Sucker’s Rally – can last weeks or months at a time!?
?Maintain “situational awareness” in the markets you trade!
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Please note,? Concerning our “VIX - ?SPY correlation-variance ” metric: -
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IF the VIX is trending DOWN. And the SPY is trending UP,? for the most recent week of trading…then and only then will our? VIX, SPY correlation-variance algo indicate a potential Risk-on, (Bullish) trend,… for the upcoming week,…
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This indication of a potential Bullish trend, however, currently happens? - given the Fed’s inclination to support the market in this “selection year” - on a more or less frequent basis – which – IMHO – informs me that these so-called Sucker’s Rallies can occur with regularity.
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Be VERY sensitive to when the rug pull comes!?
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If you follow Greg Mannarino’s podcasts- he will give you a sense of when to potentially? get out of the market.
?Currently he is long the markets AND – he is buying the dips!
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·????? ???*? Warning – Warning – Warning:
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Dateline: 12/15/2023 - Since the Fed has implied they will not cut rates further, the public has initially responded with a mindless rush into equities - AND – as Greg Mannarino points out for the week of 12/18/2023 – this rush into equities may be the harbinger of unimaginable bullish sentiment for ALL assets – equities- commodities – gold- BTC – you name it!?
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It will be “Argentina” writ large when the rug pull comes for the US economy- In mid-December 2023 - Argentina devalued its currency? by 54%.? They say they may dollarize their currency as well! ?What can possibly go wrong?
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How would YOU feel – if you woke up one day and found your fiat currency devalued by 50% or more overnight?
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It can’t possibly end well for the working classes.?
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Some say there is no longer a middle class in Argentina.
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Can that scenario come to the US someday as well?
?You have been warned!
?NOTE:
?IMHO – it bears repeating – yet again –
?Regardelss of whether we are in a week-over-week Bullish OR Bearish trend - ?– Moving forward –
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ANY periodic bullish trend can –
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and possibly WILL last for weeks and months- maybe even throughout 2024!?
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For now – however – The Bears are in control!
?Time will tell.?
?Be sure to follow Greg Mannarino – He will provide a warning as to when the epic rug pull by the Fed might ?be imminent!? It may even be biblical – not just “epic”.
?NOT investment advice, of course! I am not an investment advisor!
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Reminder:
Daniel?Riley –Mr.TopStep: ?https://mrtopstep.com ?provides daily updates ?on the markets:?
His website & free email newsletter are a MUST!!!??—Patrick
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Commentary for 03/22/2024:
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I am indebted to Robin Horsfall’s compelling and timely articles- originally published on LinkedIn!?
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?Former SAS Soldier. Writer, Veterans Campaigner and Public Speaker. Operations Nimrod and Mikado
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Published on LinkedIn:? ???02/29/2024
This article was shared by Robin Horsfall:
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Overcoming adversity. Leadership in every environment.
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?Are we so frightened of death that we have lost the will to live?
If you run from a bully, he will chase you, if you snivel he will beat you, if you pay him, he will take what you have and demand more. However, if you make it clear from the start that you will fight him (if you must), he has to consider his future. Will I, or won't I? Can I win?
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?What has he got that I don't know about? Will I get hurt? Fear is a two way weapon. Remember, he will be concerned about what you might do (unless of course you tell him). The bully must consider whether the consequences of winning will result in serious injury to him. If so it will not be worth fighting. The victim has to accept the consequences of resistance, regardless of the outcome, the alternative is slavery.
Since Russia invaded Ukraine, politicians in the west have done a wonderful job of informing Putin of what they have, what are afraid of, and what they are not willing to do. They are not willing to spend too much on defence, not willing to put boots on the ground, and not willing to give enough power to Ukraine to win.
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?Embedded journalists provide up to date information about Ukrainian ammunition stocks and troop movements, they report on how troops are short of artillery ammunition and casualty figures. Russia doesn't need an intelligence network when our people do the job for them. The enemy doesn't need to reconsider, they know our minds.
President Macron is the first to realise that simply suggesting he could put troops into Ukraine has power, it changes the dynamic. It introduces the idea of escalation at a high level and it makes Putin wonder if he is serious.
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If more countries 'discuss' this possibility it affects Putin's current assessment of western resolve. We should return to the claim that 'nothing is off the table' and make it clear, there is not a point at which we will abandon Ukraine.
Putin with his puppet Medvedev have rattled the nuclear sabre at Europe every time they are under pressure. They threaten world war, they threaten and threaten and threaten, and our media do the rest. Are we so frightened of death that we have lost the will to live? Alexeii Navalny wasn't, and Zelensky isn't!
The united powers of NATO can crush Russia militarily and economically should it be required to do so. We must stop being frightened and start being fierce. Follow Macron and Zelensky, face the bully down and force him to accept the consequences of his actions.
?Make Putin reconsider, make him wonder whether it is worth it, make him realise that he cannot win and we will not relent. It is time for him to go home.
I think the common term is 'get some!'
?Slava Ukraini!
Who Dares Shares
Robin Horsfall
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If you support my work go to?robinhorsfall.info?and consider purchasing one of my books.
?Former SAS Soldier. Leadership in every environment. Writer, Veterans Campaigner and Inspiring Speaker. Operations Nimrod and Mikado
?Map of Ukraine- credit: Robin Horsfall- 08/08/2022:
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FYI:?? I comment on the “real-time” geopolitical blog posts I create for my Reddit “EndUkrainian Genocide” community:
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The purpose of the Reddit community is to provide “real-time” updates on geopolitical events occurring worldwide AND? connect peace activists and community organizers worldwide to share their journey: Together we CAN climb that mountain!
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?On to the “Main Event”:
?I post the URL for each news item I share in my? REDDIT blog post -? if you want to do a deep dive into the source material.?
?Not the most “elegant” and detailed way of commenting, but as your time is valuable, I try to be as succinct as possible in my comments!? -? Patrick
?Here are the major “real-time” news items I commented on for this past week:
?Featured:
?Greg Mannarino-MUST-WATCH-LIVE ALERT! U.S. FACTORY ACTIVITY IS IN A DEATH SPIRAL. THE ECONOMY IS COLLAPSING FASTER. Mannarino
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?New stuff :
?Canadian Prepper - ALERT: FRANCE ISSUES NUCLEAR WARNING! 3 ARMY CORPS PREPARE ON RUSSIAS BORDER, MORE NUKES TO BELARUS
?Full Spectrum Survival - It is just beginning- MANY gang members flooding into the southern states of the US- with weapons- drugs- Ready to take over US towns and cities- IF they have their way with the US govt! ---------It WILL get MUCH worse!-RED ALERT - NATIONAL SECURITY WARNING- TAKE ACTION
?Full Spectrum Survival - GET READY - THEY ARE COMING - USA PUT ON HIGH ALERT Full Spectrum Survival 376K subscribers Subscribed
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Poplar Rpt - Whats HIDDEN Inside This NEW LAW - Its NOT A BAN Its WAY WORSE
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Canadian Prepper - BREAKING: RECORD RUSSIAN NUCLEAR SUBS ON EAST COAST, 300K NATO TROOPS ON ALERT, INSIDER WARNING ??
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Steve Ram - PREPARE NOW AMERICA: ‘ENORMOUS’ THREAT TO U.S. (FBI Warning)
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Stephen Gardner - Stephen Gardner sits down with investigative journalist Lara Logan to discuss the real reason President Joe Biden is flooding the USA with illegal immigrants. Poverty and control of government power are at the heart of this dark mission. See Laras docuseries on Jan 6 - https://tr
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US Immigration News- Meet your Chinese invaders!- More flooding in by the day!- What can go wrong? - INVASION: Chinese migrants flood California, ‘Makings of a Chinese army’ has begun in US: Expert - NO ONE leaves China unless the CCP approves!!!
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Poplar Rpt - Were BEING ATTACKED Every Day amp; It’s Getting WORSE
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Canadian Prepper - ?ALERT! GERMANY NATIONWIDE BUNKER CONSTRUCTION, F-35s ARMED WITH NUKES, ISRAEL READIES SHELTERS
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Guns flooding into Haiti- from SOUTH FLORIDA!!!! - BREAKING: MART*AL LAW UNDERWAY - This is breaking and ongoing - as IO type this!!! - POC
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Canadian Preper - PREPPING FOR TOTAL COLLAPSE: Massive SECRET FALLOUT BUNKERS Built for ELITES/ Dr. Bradley Garrett Canadian Prepper
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MUST WATCH:
Full Spectrum Survival - If is NOW OFFICIAL - The US is NOW in a Peoples Depression !!! - Must Watch - TODAY!!! - BREAKING - 72 HOUR WARNING - THINGS ARE GETTING SCARY
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More breaking news is posted on my Reddit EndUkrainianGenocideNow Community!
?Join now to keep up with events – as they happen! - - -? Patrick
?Go here:
?OR – Go here:
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Stay tuned for the next issue!
?Another source of news and commentary that I follow and recommend is the one authored/published by Elaine Supkis- The Culture of Life News—Highly recommended:
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Thank you for following my MAG Commentary!
?Patrick
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?Go here for the URL to sign up today - It IS free:
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?I created our InsightNexus chatbot for Greg Mannarino, using my Chatbase software -
?For Greg Mannarino’s analysis of stock market risk – go here:
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Contact me for info about our InsightNexus chatbot - How to integrate it with your CRM and wrap it in your SAAS!?
Samples of my work are on my Patrick OConnell Consultants website:
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I want to thank all of my wonderful subscribers to my market analysis and geopolitical commentary NL – The MAG Commentary:
Alhamdulilah – Assalamualaikum –
May Peace Be Unto You!
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FYI - I use the pen name, Luna Maypole ---? Patrick Oconnell:
?Don’t miss Luna Maypole’s latest Chapter of
“NM-Kitty’s Meow Adventures” (written in the style of A.A. Milne – creator of the Winnie the Pooh Adventures):
?Don’t miss Chapter 16:?? “NM-Kitty’s Meow Adventures” -
The Sands of Destiny: NM-Kitty's Quest in Tehran, Iran - CH 16 (NOT chapter 12)
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A Feline Heroine's Journey to Uncover the Ancient Prophecy
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My NM-Kitty YouTube Playlist is located here –
check it out today:
?Find “NM-Kitty” on page 1 of “Google Search”!
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Something to lift your spirit:
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The Fellowship of Dreams? (TFOD)– The Theme Song for TFOD –
– aka “Love’s Gentle Refrain”:
Audio & Music credit: https://suno.ai
Created by the author:
?and also:
?Elara’s Song – “Love’s Gentle Refrain:
“Let rusty steel a while be sheathed,
And all those harsh and rugged sounds,
Of bastinadoes, cuts and wounds,
Exchanged to Love’s more gentle style.
Our stern alarums changed to merry greetings,
Our dreadful marches to delightful measures.”
-????????? - - - Richard? III -- Shakespeare
Audio & Music credit: https://suno.ai
Created by the author:
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Have you followed Aleph and Omega – The protagonists in my short story fictional series “The Fellowship of Dreams”?
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Don’t miss the latest chapter (written in the style of #Tom Clancy):??
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The latest chapter – located at?? Lampshade of Illumination - is here:
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Web of Deception Unraveled in Ancient Persia — Part 21
Aleph and Omega Go to Isfahan, Iran -
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And last but not least – don’t miss the latest chapter of my novel – that I have serialized? in Lampshade of Illumination (a Medium Publication), “Abalon Rising – The Chronicles of Abalon and Abrixis – The Quest for Balance” -
My latest installment:
?Abalon Rising - Part 1 - Ch 5 -Elara’s Conflicts with Other Characters -
Struggles, Betrayals, and Innernbsp;Resolve -
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Don’t Miss:
?Part 1 — The Soto Voce Movement — A Clear and Present Danger to the Status Quo? — The Soto Voce Uprising — Act 2
Echoes in the Data Stream