ROW Partners

ROW Partners Moving in a different direction
Technical & Sentiment analysis with focus on Fundamental Economy

03/27/2023

Why were funds leaving smaller banks BEFORE the recent bank runs?

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Fund rates have been north of 4% for some time. are paying sub 1% on checking & savings.

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The faltering of the banks simply sped money leaving banks, specifically smaller ones.

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More than $200B went into after collapse.

Been away for a week, needed time off. Visited family. Did some light trading, mostly closing closing puts sold as most ...
03/27/2023

Been away for a week, needed time off. Visited family. Did some light trading, mostly closing closing puts sold as most of them expired worthless = We kept PREMIUM! :)
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Let's see how markets fared.
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As we expected, $NDX has done decently & has kept retesting the upper boundary hit in February. It's breaking above today. BULLISH if accompanied with volume. As we've stated for months, markets don't act as most believe. They are irrational much of the time.
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$DJI has not fared as well BUT will LIKELY join in the upward movement. The issue was 2 on the . The fared much better during the beginning of the year but lost leadership in February.
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$VIX has stayed in the middle part of the Symmetrical Triangle. Which tends to be the case until as extreme direction ensues. As stated countless times this can stay the case until mid 2024! Most likely not but it can. We believe it will touch the bottom part of the trend, higher probability, before, IF, it hits the top part again.

$TNX has held better than short term but could this be changing now?-The 2yr & 1Yr are holding.-Of course, it's early ...
03/20/2023

$TNX has held better than short term but could this be changing now?
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The 2yr & 1Yr are holding.
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Of course, it's early in the trading day so we'll see tomorrow morning how things go.
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In reference to the post last week on in 2008, we need to keep an eye on TOPS in these yields. It took 1 year at that time before there was a lower high. IMO will happen MUCH FASTER. Perhaps 6 months tops, no pun intended. :)

Once we see a slowdown on we will likely see a boost to .It's been a while since we've seen more than 1 ripping d...
03/20/2023

Once we see a slowdown on we will likely see a boost to .

It's been a while since we've seen more than 1 ripping double digits.

We're beginning to see this now:
$HIVE
$KXA
$QTUM
$OMG is more than 50%!

Last time we're showing the Inverse Head & Shoulder for $BTC.-The Neckline shall serve as support from here on in. IMO t...
03/20/2023

Last time we're showing the Inverse Head & Shoulder for $BTC.
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The Neckline shall serve as support from here on in. IMO this has to be the end of the bear. We called it a lil early, mid February, but it looked like it then & it's confirmed now. Weekly chart is amazing.
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Back to daily. is getting oversold on daily as we close in on the gap fill, top dotted line, 29kish. This 29k level is going to be TOUGH IMO. Likely some sort of pullback here & may take some time to break through, IMO eventual. Then we have some resistance at 32kish and then mid 30k's.

How high can we go this year? Who knows. We'll play it by ear.
Last chart shows all the major & minor resistance levels.
Let's go !

$TOTAL 3 = NO or = Without a strong leader, soldiers are weak.This is why it's good that have taken a back seat t...
03/17/2023

$TOTAL 3 = NO or =

Without a strong leader, soldiers are weak.
This is why it's good that have taken a back seat to this run. Macro wise it's better that $BTC leads, at least for now.

We have seen HEAVIER than normal volume last week with BUYS outpacing sells. That is GOOD.

Weekly Pros:
Smaller caps have a strong RSI.
Last week was a beautiful REVERSAL, light volume though.

Weekly Cons:
2 Down trends need to break above
Has been battling 440B area for some time now (yellow line), HOWEVER, it breaks, it should have GOOD momentum.

Monthly, just like $BTC there's a moving avg right above.

IMO brought the downfall of markets. needs to get us out. They're doing just that atm.

$BTC roaring today. stays ANYWHERE near these levels & we have a CONFIRMED BULLISH WEEKLY CONFIRMATION. We have a neckl...
03/17/2023

$BTC roaring today.

stays ANYWHERE near these levels & we have a CONFIRMED BULLISH WEEKLY CONFIRMATION. We have a neckline break of the Inverse Head & Shoulder (bottom end pattern).
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VERY IMPORTANT!
Coincidentally, the MONTHLY 20 EMA, moving avg, is right around the bottom part of the daily gap fill, dotted blue line. As stated before, we likely get small pause before an eventual pump.
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FYI BTC shorts are at YEAR LONG LOWS!!!!!!!!!!!!!!!!!!!!!!!!

Last week we mentioned buying We spoke on:$AVAX$JASMY$ADA$MANA$MLN$DOGE$TLM$SPELL$TRUAnd others...We then spoke on t...
03/16/2023

Last week we mentioned buying

We spoke on:
$AVAX
$JASMY
$ADA
$MANA
$MLN
$DOGE
$TLM
$SPELL
$TRU
And others...

We then spoke on taking some profits, sold 1/4 to half of positions on that bump.

Yesterday many hit support levels & some are still close to support levels today.

Here are some that are still not at bad prices

$AXS $ASM $AVAX $FARM $FLOW $ENJ
$SUKU hasn't sold off and held well
$MKR has pulled back a decent amount but looks like it wants to sell off a bit more.

$BTC moved a bit today but volume was lacking. is forming BULL FLAG. This is EASIER to see on a 4hr chart.Daily we got ...
03/16/2023

$BTC moved a bit today but volume was lacking.

is forming BULL FLAG. This is EASIER to see on a 4hr chart.

Daily we got very close to the next resistance line of 27kish & rejected. This is why we need a WEEKLY CONFIRM to be sure of the bear finally being over.

Recall how we stated that the WEEKLY CLOSE was more important? Well, tomorrow is the last day of the week. We need a little more upside added with a little more volume to CONFIRM the NECKLINE break (INVERSE HEAD & SHOULDER BOTTOM PATTERN) for on a weekly.

Recently we made a post on how $NDX would outperform $DJI being it lacked & & it has done this.As we have stated for...
03/16/2023

Recently we made a post on how $NDX would outperform $DJI being it lacked & & it has done this.

As we have stated for some time, we're still CAUTIOUS BULL on the . Even after this latest fiasco.
CAUTIOUS is the key word.

Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!!

Weekly chart shows holding above the weekly moving avg's & there was a bullish moving avg crossover, yellow circle, & has held.

12900 is an important level for 100. Breaks that 13700 is next target.

$DJI looks okay. It held well until recently. It is close to forming a bearish crossover but we'll see. IMO likely not. While is much weaker as a whole cherry picking individual on the index should be okay. We stated $MSFT $AAPL have done well & newbie $AMGN & $VZ for yield.

is moving well today.1Yr is bouncing back better than 2 and 10Yr.$TNX is not bouncing as much but has not sold off as ...
03/16/2023

is moving well today.
1Yr is bouncing back better than 2 and 10Yr.

$TNX is not bouncing as much but has not sold off as much as the others. The 10Yr is trading between 3.80 - 4.08.

Did we see the top in short term a few days ago?
10Yr on the other hand did not break the most recent high. Interesting to say the least.

The last picture shows the highs of the 2 yr and 10 yr right before the crash of 2008.

Interesting that almost everything happened in the month of June. Even when it was 3 different years! Hmmm.

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Now let's compare what yields did around the 2008 crash.
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The 2yr yield peaked @ 5.28% and it did it much earlier. It was almost 2 years before the 10Yr yield did. The 2yr also formed a lower higher in 2007 (5.13%) & peaked in June 2008, much lower @ 3%, before the real crash happened.

The 10yr didn't peak until June 2008. way after short term rates peaked. We also see that the peak was around 4.3%.

Stocks peaked in Oct 07 and the lower high was May 2008.
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We are seeing something similar today. However, IMO everything happens faster today. We're keeping a close eye on lower highs in short term yields and we could be seeing this now. Time will tell.

This data is just like other data. Just past info to help weather the current & future storms.

Didn't get the bottom but got most of this intraday rally.Went green & we covered all exposure done today.Very nice day!...
03/15/2023

Didn't get the bottom but got most of this intraday rally.

Went green & we covered all exposure done today.
Very nice day!

Could rally more but WE ARE DONE.
Going to park in a few to hang out with the girls.

$TQQQ $UDOW $COIN

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