If Crude oil is going to bounce, it might think about doing it now. The trend line from 1999 is just the latest candidate to try to arrest the impulsive…
A snapshot of current daily technicals…
Precious Metals
GLD broke back above the first key support level. 120-122 will be a big test. A rise above 120 would put in a short-term higher high to go with the recent higher low. 114 is where key support begins.
I am happy because my cute headline on New Year's Day worked out. I am going to be happier with the gap fills if markets hold support and turn back…
Let's keep it simple. The gold stock sector is acting very nicely as an anti-market to everything else that is going down of late. It is a microcosm of the…
In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because…
The 10 to 5 to 2 spread is rising today with all nominal items dropping. It's a risk 'OFF' alignment. Again, any one day is just one day. The trend…
Gold poked above the SMA 50 and 1200 level. This is its minimum requirement to get bullish. Above 1240 and then 1260 would be very constructive. Gold has taken on…
Some really important charts to interpreting the macro... Sorry sports fans, but gold has still not established a daily up trend vs. the US stock market. Not yet. Gold vs.…
One rider seems to be stating that the other rider is not long for its rally. Isn't this a turn of events? Uncle Buck up, stocks down, commodities down and…
Here is the progress of the 4 US indexes noted as we began our Gappy New Year... RUT is entering the support zone with the gap down below. NDX is…
First report of 2015 and it seems to be well grounded and on plan. This one helped me personally to qualify and quantify my views as to where I think…
For a day at least, several items I have been holding, trading and noting in NFTRH as seasonal plays are getting peppy, even with the Russell 2000 in the red. …
Junk bonds have bounced with Santa (nominal HYG, top panel), but have remained locked in downtrend all through the bounce. Further, Junk vs. Investment Grade and long-term Treasury are still…
Pardon the previous edition of this post. I imagined that the curve was rising, but it is in fact dropping a bit today as the market flies around post-ISM. As…