Will April Market Showers Bring May Market Flowers — Nick Santiago 4-27-22 #385
1. Market volatility is very high right now. This past Monday the major indexes staged a decent rally on volume, but yesterday the move was eclipsed as markets went back down. There is a lot of fear out here now. 

Obviously, geopolitical events are not going away anytime soon. The next Fed meeting is next week and many investors are running for the hills ahead of that meeting. They are expected to raise the fed funds rate by 50 basis points. Then you have earnings season in full gear and there have been some major blow ups out there. It would be an understatement to say caution should be used right now. 

2. The U.S. Dollar Index (DXY) is now trading at its March 2020 high at $103.00. The US Dollar Index has seen capital flows since the start of the year. Sometimes the best house on a bad block does the trick. 

3. Gold is retreating again. Gold is now testing its lower range on the daily chart. 

4. Bitcoin is still trading around the 38,000 level, but there is really nothing great on that chart right now. As long as it holds here it can still live to fight another day, but if it consolidates this level it will give a sell signal soon.