Expert technical analysis of financial markets by JC Parets
by JC
Everything changed in February.
You started to see the cracks in January, but the big changes in market dynamics really got going in early- to mid-February.
And then March came, when everyone else saw it.
Look at the Sector Performance last month, for example.
Energy stocks were up double digits.
Technology stocks were DOWN.
Consumer Discretionary stocks were DOWN. [Read more…]
by JC
This is the video recording of our April 1st Monthly Charts Live Strategy Session
by JC
Gold just went out at a new all-time high. That’s over $2250 for an ounce of Gold. The most ever.
And it shouldn’t be that surprising really. Gold has already been making all-time highs priced in other currencies like Euro, Pounds, Yen and Rupee, among many others.
Now Gold is making new all-time highs priced in US Dollars as well.
Notice how Gold and Copper don’t move in different directions for too long historically.
This isn’t just a Gold thing. This is a metals thing. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Black Gold is breaking out!
Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month.
Let’s take a look…
by JC
In the early stages of my Wall Street career, it was cool being a Gold Bug.
All my heroes were Gold bugs.
I learned in the early 2000s that pricing assets in Gold helped put market trends into context.
The Dow/Gold ratio was the ultimate Gold Bug Chart at the time.
You can see the Dow/Gold ratio here plotted in black, compared to the Dow Jones Industrial Avg itself overlaid in green. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodities are in the early innings of a secular bull run.
The list of raw materials hitting all-time highs since 2020 includes Gold, Copper, Wheat, Soybean Oil, Cattle, Orange Juice, Cocoa, Heating Oil, Gasoline, Palm Oil, Lumber, Tin, Rebar, Iron Ore, and Coal. (If that roll call doesn’t scream commodity supercycle, I don’t know what does.)
It’s an exhaustive list that will only grow in the coming years. Remember, these cycles can last decades. We’re only in year four!
Of course, there are also some laggards amongst the ranks. (ahem, Crude). But don’t lose sight of the bigger picture!
Even Soybeans are queuing up for new all-time highs…
by JC
This is a great thing, but only if you allow it be great.
Interest rates went out yesterday at their highest levels since November.
Do you really believe that the 10-year yield keeps going up because interest rates are going down?
lol
There are people who actually believe that.
So for us, who actually take the time to look, we know that it’s the exact opposite.
Commodities are heading higher. And Interest Rates are rising with them. [Read more…]
by JC
This is the video recording of the March 2024 Mid-month Conference Call.
