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…
Just as we are aware that a USD bounce would probably rattle the markets, let's also be aware of the fact that commodities and resources have not only not been…
My feeling - quite possibly wrong, but IMO not misguided - is that things are getting a bit hysterical now based on one cool jobs report and one cool CPI…
The deceleration in backward looking inflation signals continues, to little surprise. We have been managing a Goldilocks macro (inflation not too hot, not too cold) and that is where we…