The chart of the Nasdaq Composite is similar to what we are seeing in the SPX, MDY, NDX, except for the Russell 2000, which is in a weaker position.

The pictures we present in the following pages will speak more than words. Even a one-eyed technician with a crooked ruler can determine that trend structure remains very weak across the major U.S. indices we review here.

Upside momentum is accelerating in the energy sector and the XOP has morphed into larger Money Flow Unit (MFU) price targets.

Sending this to all clients as the dollar strength may have implications on your universe of equities or commodities traded.

With WTI coming into our MFU-4 target area of $107.90, we are taking profits here and would look to potentially buy it back on a significant pullback if that should occur.

The S&P 500, NDX, and Russell 2000 have rallied sharply in the last few days and have all have come into an area of resistance and have ellipse sell signals

The major U.S. indices remain in a very weak technical structure, and we would use any near-term strength to sell into.

For investors interested in Bitcoin, this is our view based on the money flow work we do. We had a reversal at the declining 50 and 200-day averages and the upper end of the regression trend channel. Wave structure also suggests that price should take out the January low. The MACD below is turning down from the zero line, which is a bearish setup.

We got long Friday when Nat Gas reversed off its 50-day average, and yesterday we also had a buy trigger on one of the mechanical systems we use.  There is upside potential to the recent highs around $5.40. Screening some equity longs that should do well with a rise in the commodity, we came up with the four ideas below.

We are highlighting WTI Crude Oil and the XOP to start. The one-day pullback in WTI held the uptrend off the December low and a place to add to a long position.

We recently wrote up notes on the buy zones for the S&P 500 and QQQ. These indices have reversed nicely from the target zones identified in our work, and now it’s a matter of managing the trade.

We are once again sending this to all clients as a bullish U.S. Dollar may impact their areas being traded. The second weekly chart below shows the weekly view of the DXY and the bullish technical pattern unfolding. We also include our previous note for reference. Happy to help with other crosses that may be of interest.

We like the buy setup in the DXY as it breaks the downtrend off the December high. It's making its way through the supply zone of December, and we get an initial upside target at 97.50. This is being sent to all clients as the DXY trade may effect the industry traded.

The NDX, S&P 500 Emini, and Russell 2000 are into trading buy zones. With a tight stop, we are putting on a long trade right here.

The oversold condition of the S&P 500 and the Nasdaq Composite has these indices into support zones where we would be long for a tradable rally.