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…
This morning I noted that I did not appreciate seeing Jeremy Grantham's note dismissed even in the slightest way and without rancor by a Biiwii author. His intro was "Here…