A macro view for stocks, commodities and gold The article’s title is one man asking one question among several I could be asking, given the volatility of macro indicators on a day to day, week to week basis. But as FOMC rides off into the sunset it is the scenario that I think is most probable, given the current state of some indicators we follow. … Continue reading Final rally for stocks, commodities to top, and a final down leg for gold?
I hear all this talk about why stocks are bullish… …and why stocks could be bearish. And even a lot of talk – including from yours truly – about the precious metals. But there’s not much out there that I see as far as commodities getting a tout. Maybe that will come after CRB is the majority of its way to target. Could it be … Continue reading Why Not Much Talk About Commodities?
SPX continues to lurk in what looks like a bear flag in preparation for more testing of the thick support zone. Europe is dealing with resistance in the form of a neckline. The target for STOXX 50 would be around 3500 if it can get through here. More testing of the 50 and 200 day moving averages could come into play first. Japan continues to … Continue reading NFTRH; Multi-Market Update w/ Daily Charts