As originally anticipated could happen (ref. July 19 video update, regarding the initial clear resistance/breakdown area): "USD can break through it, test the SMA 50 and still remain in a…
[edit] I added WEAT after hours, after writing the update. As I started taking a look into the Agricultural sector to see who is leading and who is dragging (GKX…
I joked about Perma-bear Peter Schiff doomsaying the stock market in an earlier post, but a commenter noted that renowned bear Tim Knight (Slope of Hope) was giving up the…
Well, the answer is that the nice neat resistance of the breakdown was not going to hold on the bounce. As suspected in the July 19 video update, USD/DXY now…
On the technical side, GDX is doing nothing we did not discuss in the video update on July 19. It is getting a good disturbance during FOMC week, as anticipated.…
Just for fun more than anything else. I saw a little inverted H&S lurking within the big one on BABA that we reviewed yesterday. I ended up buying the stock…
Checking in on the anti-market and the precious metals leader, USD and Silver USD (DXY) is creeping through the clear resistance area and ticking above the daily EMA 20, as…
BABA is among several Asian/EM items that look poised to rally off of bottoming patterns if the US dollar resumes its bear cycle (within its bull market). These are bottoming…
It is more comfortable to me, given my sunny personality and flowery nature (that's a "ha ha ha" BTW) to look at charts from the bull side as opposed to…
Here's the updated view of USD. TradingView is nice because it has live charts * that move as you view them. Indeed, while I was recording I realized that QuickTime…
Please let me know how this type of update works for you. It's more me winging it than carefully choosing and writing words in a blog post. In other words,…
USD is in what could be a little bear flag forming after the breakdown. A bear flag could rise to test the breakdown resistance, but more likely could fail to…
Gold futures daily chart... Gold's leader, silver, has already taken out its 50 day moving average as it thinks about testing the May high of 26.43. Gold is making an…
A subscriber asked for a chart of the 30yr Treasury yield showing longer history and that prompted this update. Interestingly, the Continuum of pleasantly declining long-term Treasury yields (bond bull…