For several months we have tuned out bearishness and given a lot of airplay to the prospect of the S&P 500 rising to test its January top and potentially fill…
Gold & Silver Yesterday we noted the 2017 low of 1204 as the next important support level for gold. It has dropped to 1216 this morning. We noted that silver…
Consider this update something of a sketch book of possibilities by one market watcher sorting through his thoughts. Gold did not hold its December 2017 low of 1238. Next in…
We have been waiting to clear the Trade War noise and get to the meat of what will really drive the market view this summer; that is earnings season and…
Yesterday Biiwii was, as usual, pleased to post the latest from Kevin Muir, a market watcher/writer who I really enjoy: I Hear 1987 New Wave is Back You might want…
This morning's notable headlines... The ever present Trade War... Inflation by PPI marching higher... Thing 1 needs to be tuned out, because it is already factored in and is…
Stock Market: Top-Test Still in Progress There is little new in stocks since the weekend, other than the possibility that the market is beginning to relieve the pressure on 'pro-yield'…
As noted in the previous (public) post, the VIX looks bullish and does not seem in line with a resumed stock market rally scenario. That can change in an instant,…
Now that everyone seems to hate or at least have moved on from the precious metals, let's take a closer look. This morning I made a simple post about gold…
After reviewing the leaders in Tech land, lets look at the nation's headline index, the Dow and its broad index, the S&P 500. Here is the Dow, testing the SMA…
Not that you need me to tell you this, but Semi has been weak for some time now. First it was the Fab Equipment stocks like AMAT & LRCX. Now…
We focus on the S&P 500 because of its broader market participation and on Tech, Semi and Small Caps for their leadership indications. But the Dow, which many lay people…
First, a little more context for yesterday's update about items that would correlate well with a strong USD. Those were the Small Caps, which do a higher proportion of domestic…
A combo macro update and stock idea... We have shown the positive correlation between Small Cap stocks and the USD, and in September 2017 reviewed a correlation between Retail (XRT)…