Market Compass Weekly: Stocks, Bonds, Gold & Bitcoin Forecast, Monday, May 5, 2025

Daily Trading Practice

• 💡 The speaker emphasizes the importance of allocating 10-15 minutes daily to follow charts and practice trade, highlighting time as a precious investment.
• 🎯 Mastering charts is presented as a way to recoup all invested time, encouraging persistence in learning.

S&P 500 and NASDAQ Outlook

• 📈 The S&P 500 is predicted to be 80% bullish for the next five days, with an expected upward movement until resistance is met.
• 📊 The NASDAQ 100 shows a 75% bullish direction for the next five days, with recent green candles and high volume supporting an upward move.
• ⚠️ Both indices have a broader bearish trend, but recent green candles across time frames suggest a bullish reversal, contingent on continued green candle formation.

US Government Bonds Analysis

• 📉 20-year US government bonds weakened on Friday, showing a downtrend after some earlier boosts.
• 🔑 Despite the recent weakening, the broader downtrend is being challenged, and a 5-day plus bullish move is considered likely if green candles appear with decent volume.

Gold Market Trends

• ✨ Gold experienced a weaker week after two strong weeks, with a short-term pullback observed.
• 🚀 The broader trend for gold remains bullish, and the uptrend is expected to resume after the current correction, advising against "catching a falling knife."

Bitcoin (HODL) Forecast

• ₿ Bitcoin (HODL ETF) is 75% bullish, with recent green candles suggesting a bullish reversal and a 5-day plus upward move.
• 📊 Although volume has been below average recently, the 195-minute pullback appears temporary, supporting continued positive movement.

Charting Wealth Philosophy

• 📚 Charting Wealth operates as an education firm, focusing on teaching individuals to read stock charts and follow trends, rather than providing market advice.
• ✅ The core message is to "Follow the charts, NOT the noise!", encouraging practice trading and learning to manage emotions in the market.