Sign #1 is the Gold/Silver ratio ramming back upward after getting hammered yesterday. If it resumes its young uptrend from May there will be stress in many market areas, especially…
Notes From the Rabbit Hole, #814 US Stock Market: Little change. Bull trending with leadership intact amid very concerning breadth divergence and sound asleep risk indicators (meaning high but unrealized…
USD is down today, breaking below the daily SMA 200. But the reminder from the May 28th update: While it will not officially be a breakdown unless it takes out…
Notes From the Rabbit Hole, #812 US Stock Market: Double top possibility? Yes, but not likely. Especially after the indexes put in hammer candles on Friday afternoon. Still, the healthiest…
Because the market never seems to make things cut and dry in a convenient time frame, USD continues to rise off the test of the channel bottom and the SMA…
As to the USD decision point referenced in NFTRH 811, we find it continuing to weaken after pulling back from resistance. What's more, it is breaking down from the best…
Notes From the Rabbit Hole, #811 US Stock Market: Decision point. Made a move toward correction on Thursday, bounced a bit on Friday. Semi > Tech > Broad leadership healthy,…
Is this it? "It" being the long anticipated correction to clear the pipes of an over-bullish market? Perhaps for a final drive into or through the election? Maybe. Let's look…
It is a simple situation. USD (daily chart) is either in the bear flag that this looks like (rising for 5 days into resistance), or it is not. Giving support…
Notes From the Rabbit Hole, #809 US Stock Market: Major indexes broke through resistance and SMA 50, in a move flashing 'BULL'. One last hope for bears is that wave…
Notes From the Rabbit Hole, #805 Summary US Stock Market: Now that the rotational sectors (cyclicals, materials, energy) that had previously supported broad SPX are weakening or had a sharp…
Another firm CPI number is out, to little surprise given the expected rebound in inflationary sentiment along with commodities and other inflation trades (precious metals, led by silver, on this…
Here is some daily chart micromanagement of the short-term situation for USD (DXY). If USD were to rally from here it would imply headwinds against the broad asset market rallies.…
Brief update on the US dollar index USD/DXY is thus far pausing at noted resistance at 105 and pulling back a bit. The run up in Treasury yields is theoretically…