Taylor Report

What's new? Actually quite a bit. Unlike last week when things were kid of dull, this week rocks. Take BITCOIN......having rested briefly just under $50K after shaking some longs out a few weeks ago, the buyers couldn't wait.

What's new? Actually, not too much. BTC & ETH are just about unchanged from last week's Taylor Report prices. BITCOIN hit upper $50K area, sold off to lower $40K area and here we are taking a breather.

What's new? Well, BITCOIN went up and BITCOIN came down...........after rocketing up to $58K over the weekend, BTC just came back to be roughly 2% lower than last week's Taylor Report.

Simple Thoughts in Complex Markets By Bill Taylor, Contributor/CIO-Entoro Wealth The...

Simple Thoughts in Complex Markets By Bill Taylor, Contributor/CIO-Entoro Wealth The...

Simple Thoughts in Complex Markets By Bill Taylor, Contributor/CIO-Entoro Wealth The...

Simple Thoughts in Complex Markets By Bill Taylor, Contributor/CIO-Entoro Wealth The...

After many years, I am going neutral on GOLD. I truly believe BITCOIN has replaced GOLD as a safe haven. What else is new? The U.S is just about to swear in a new President. Along with that, a new Secretary of the Treasury; former Fed Chief Janet Yellen. Hello "buckets of money."

Do NOT tinker with what's working. Expect BTC, ETH and Gold to keep the upside momentum. Stay long all three. Expect what nobody is expecting; Stocks to go....DOWN. Short S&P 500. Prepare for 2021 to experience inflation.

Trading Summary Notes for Tuesday, 1/5/21: What's new? The new year. Happy 2021! What to do now? Do NOT tinker with what's working. Expect BTC, ETH and Gold to keep the upside momentum. Stay long all three. Expect what nobody is expecting; Stocks to go....DOWN. Short S&P 500. Prepare for 2021 to experience inflation.