Man Stares at Daily and Weekly Charts of SPX
They are bouncing the market this morning but the projected open keeps SPX below the (green dotted) daily EMA 20 and also the former blue sky breakout point at the…
They are bouncing the market this morning but the projected open keeps SPX below the (green dotted) daily EMA 20 and also the former blue sky breakout point at the…
For we gold sector bulls at least, this is important - although probably early - signaling. The gold price is still under pressure. Today it is testing the 50 day…
Inflation/Deflation Any strategy aside from stoically sitting with current positions and macro view (whatever an individual's stance maybe) will depend on the inflation/deflation dynamic. More to the point, inflation expectations…
The bugs want to see this ratio hold here, and market bears do not want to see it break down. Gold/SPX can drop to test the major daily chart uptrend…
Where broad stocks are concerned, I am strategically long. Not short (yet, anyway). So this is not the product of someone wishing and hoping. I want this market shoved so…
Well, there goes another extreme upside target. We had copper to 3 as a 'best' target. It was registered, and has held as resistance. We had silver to 24-26 as…
Let's look at the gold stock sector from a few different angles. First, its leadership to SPX, which is fully intact (daily chart). It's leadership to gold, which is getting…
Why, it was the NDX/SPX ratio, AKA the market leader holding its leadership trend. Just a week ago the mainstream financial media were urging caution on Tech and offering ideas…
Hey, it could be back to the future where value stocks will take over for growth stocks or it could simply be a reset of the overdone froth that the…
Nasdaq outperformance vanishes as Dow, S&P score gains after Gilead’s remdesivir update Link removed as even MarketWatch must have realized how dumb it is and they now just link a…
A subscriber asks for my thoughts on the silver/gold ratio, so why not expand the update to include gold and HUI as well? The subscriber also asked about my thoughts…
Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today's 'in the bag' bounce-back Jobs report…
Here is what we are dealing with this morning, after yesterday's big break. And this. It's a typical FOMC week where the machines react in all sorts of erratic ways,…
Not only did the Gold/Silver ratio recently hit a major support zone* (as shown in NFTRH 605) during this market sentiment rally, but so too did the Gold/SPX ratio drop…