Mark Hulbert's HNNSI (data compiled from Nasdaq oriented market timers) shows that sentiment among these timers was not indicative of a top as it had been fading the rally into…
Crude oil is more over sold by monthly RSI than it was in either 2008 or 2001. Amazing. Now if only my oil man will get the memo. My suspicion…
Risk goes flying to 'OFF' as the consumer is happy, small business optimism is the highest its been in 7 years and it all good! Really, 'as good as it…
Here are the Gold-Silver ratio and Uncle Buck, riding somewhat disjointedly together. Assuming they will continue to ride together in the near term, which one is going to down correct…
Per the regular update this morning, the EMA 10 (2056) was noted as key resistance on the S&P 500. Translating that to a bear trade on the SPY, we find…
US Stock Market
After a whipsaw on Tuesday the market made a hard move down yesterday. Amid degrading indicators like bond spreads and sentiment, the Dow and S&P 500 declined over the last 3 days from all time highs.
Our parameters between normal and abnormal are very tight. Let’s check up on them.
Gold vs. Oil... Silver vs. Oil... Gold vs. Commodities... And finally, an important one; Silver vs. Gold...
A snapshot of current daily technicals…
GLD held last week’s ‘tentative’ key support and now it is just plain KEY support. Next resistance level is just over head.
“Thanks Gary. I appreciate your promptness and will re-subscribe shortly [ed: 'WR' requested a change from monthly to annual]. Also, I should tell you, I find your site refreshingly different…
First let’s update the charts we showed yesterday, with the short-term support parameters.
SPX is below the tolerance point, but this is in-day. The headline indexes are getting the biggest hit.
Here is the state of the US Yield Curve during a pre-open with deflation in the air and global markets upset. The curve is rising this morning as yields drop. …
The metals and gold stock sector have reversed upward and unfortunately I don’t have time to check to see what – if anything, news-wise – might be behind it. I have a commitment shortly.
Last week we reviewed some degrading indicators giving warnings on the US stock market in an update. The market went on to be okay. This weekend NFTRH 320 had caution signals aplenty, especially in the sentiment segment. And all along we have had the fading junk-quality bond spreads as a negative divergence.
Today the 10, 5 & 2 is dropping again as yields on the long end decline and the short end rises. Below is the state of the 10 vs. 2…