Market Dashboard Summary 13/2/2024
Overall, our market dashboard is more bullish this week and showing we have entered the next leg of the bull market.
Cycle-timing metrics rebounded strongly, signaling we are progressing higher, and not in danger of a cycle top anytime soon. Notable metrics include:
1. Realized HODL Ratio rose significantly, precluding any talk of a cycle top.
2. Last week, the combination of a lower Mayer Multiple and decreased Reserve Risk meant it was a very attractive time to buy. This week these two metrics have both become less attractive but the time to buy has not passed completely.
3. All moving averages are rising in sequence, meaning the bull market remained orderly this whole time. STH Realized price –– which I call the weak hands –– is being sheltered by the 50 and 100 DMAs.
4. Quarterly Futures and Perps are decidedly bullish, while the Options 25 Skew (measuring optimism versus pessimism) is giving us a dose of caution by flipping back to strongly negative.
5. Fund Flows post a big positive number for the second week in a row.
6. Correlation is increasing to stocks and remaining very low to other assets.
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Not Financial advice.
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