It’s the weekly Gold Rush!
The intermarket landscape provides favorable conditions for precious metals as the US dollar experiences an unabated decline.
Check it out… [Read more…]
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly Gold Rush!
The intermarket landscape provides favorable conditions for precious metals as the US dollar experiences an unabated decline.
Check it out… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold is running into supply.
Whether the former 2011 highs still hold any psychological significance doesn’t matter.
Gold bulls continue to find an overwhelming amount of sellers at that level. This will remain the case until demand absorbs supply.
How long will that take? It’s anyone’s guess – maybe weeks, perhaps even months or quarters.
The point is, gold needs time.
Meanwhile, silver futures are coiling within a tight range… [Read more…]
by Peter
The S&P 500 has rallied off of its October and December lows, but the 200-day average, which rolled over in April 2022, continues to fall.
More Context: Price trends matter. Over the past 2+ decades, all of the net gains for the S&P 500 have come when the index’s 200-day average has been rising. When the trend has been falling, the index has struggled to keep its head above water. While stocks have begun 2023 in rally mode, they are still fighting a downtrend. Stocks can rally within persistent downtrends. But if stocks keep rallying, down-trends cannot persist. The math just doesn’t work. While we are seeing evidence of a tactically more constructive environment, the longer-term trend backdrop remains challenging. The recent strength has a better shot at being sustained if it can flip some of the longer-term trend indicators to a bullish setting.
In our Market Notes, we take a closer look at longer-term price trends, recent breadth improvements and paradigm shifts that are taking place within global equities.
by JC
It’s not a secret around here that Energy stocks have been doing well.
No one here cares that some investors got caught holding the bag in those growthy tech stocks, and didn’t have anywhere near enough energy exposure over the past couple of years.
It’s not my fault that the S&P500 was only 2% Energy but 26% Technology. [Read more…]
by JC
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by JC
After a very strong 4th quarter for stocks, it looks like 2023 is getting started right where they left off.
But this time, it’s the Nasdaq that’s leading the way.
So far this year, the Nasdaq100 is up every single week.
It’s largest components are driving the overall market higher. [Read more…]
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Every day we have the choice to either follow the news or follow trends. I choose the latter…
Check it out!
by Ian Culley
Inflation has peaked!
Or so I’ve been told…
Rates are rolling over, undercutting their June highs from last year. High-yield debt, including emerging-market bonds, is catching a bid.
And major commodity indexes are on the verge of breaking down.
That all sounds logical to me.
But just because inflation might begin to ease doesn’t mean I’m taking a bearish stance on inflationary assets, especially commodities.
As crazy as that may seem, these next four charts support my case…