It's the metallic indicators again, doggedly refusing to negate their bearish turn. Thanks to subscriber Joe for giving me the heads up on this. The first part of my day…
Well, it's just a day. But after the big bounce back in stocks one set of indicators is not confirming the big upward burst. I took a look at PALL/Gold…
It is FOMC day with new Chairman Powell poised to deliver a rate hike and initial press conference (if I were him I'd talk a little hawk to establish a…
Cyclical indicator PALL/Gold has bounced to and at least temporarily halted at the SMA 50. However, the weekly chart reviewed previously has recovered the EMA 20. If this indicator resumes…
Despite a tough week for stocks into Friday, February 9, three big picture macro indicators have continued to support a risk 'on' backdrop. Many of the shorter-term indicators we watch,…
A quick view of some signals the market is giving us during the expected relief rally. We used two premier Semi Equipment companies as a gauge in ratio to the…
Because it is so important to our macro work, let's update again the counter-cyclical metal vs. some positive cyclical items, using the respective ETFs. Gold/Oil continues to work at grinding…
Over and over again I've been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is…
[edit] With respect to my buzz phrases noted in the next paragraph, a wiseguy reminds me of my old target on HUI (888), AKA the "3 Snowmen". Wouldn't want to…
Amigo #1; Stocks vs. Gold This Amigo has a ceiling that is higher when viewing monthly charts, but the daily is coming under pressure, depending on whether or not pre-market…
Not many words. Mostly pictures. On the daily view AMAT & LRCX continue to break down vs. both Semis and Tech. This is theoretically our cutting edge of a leading…
Not to be lost in the excitement of the USD bounce, Amigo #2 and his 2 heads are jumping today. 10yr yield looks for all the world to be headed…
I want to keep a tight focus now on our obscure * leading economic and market indicators, the Semi Equipment stocks vs. both the Semi sector and Tech in general.…
I find the previous two monthly charts of USD and Euro to be of such great interest that they could well be assigned the designation of Amigo #4. But that…