Stanley Druckenmiller came out and said that the market has never been this disconnected from reality and that the risk/reward has never been this bad.
Besides Druckenmiller, Ray Dalio had some words about the market:
The dollar, euro, and yen …
Last night I wrote about the compression in the weekly gold chart.
Today, gold closed green but did not take out 162 (GLD) or the top of last week’s trading range high.
This is super exciting to watch unfold.
Will …
Compression, decrease in volume of any object or substance resulting from applied stress. Compression may be undergone by solids, liquids, and gases and by living systems.
And apparently by gold.
What is the applied stress in gold?
For one, too …
A week ago, I wrote a blog called The Beauty of the Biotechnology ETF Channel.
I began by writing, “If there is one area to watch should the market have another run up, it is Biotechnology IBB.
The channel lines …
Maybe I just love a contrarian view.
My dollar theory differs from so many analysts.
First, I know that the traditional relationship between the dollar, commodities and the stock market holds for a while, then completely shift according to each …
To follow up on the Daily featuring the weekly channel in Biotechnology or IBB:
Since this is a weekly chart, what matters most is the weekly close.
That means that intraweek, we can consider price movements, but cannot consider a …
If there is one area to watch should the market have another run up, it is Biotechnology IBB.
The channel lines that are perfectly parallel, go back to 2015.
Since this is a weekly chart, what matters most is the …
In the weakening transportation sector, partly because of Buffett’s weekend comments, there is one area that is doing a lot better.
Want to fly coast to coast?
Not so much.
Want to go to outer space?
Sign me up!
Virgin …
In my April 31st presentation on Stockcharts, I begin by walking you through the Economic Economic Modern Family (Russell 2000, Retail, Biotechnology, Regional Banks, Transportation, Semiconductors) using nothing but pure price.
I use trend lines and channels I learned from …
Whether today was a key reversal or just some liquidation and digestion after the recent move up remains to be seen.
But with the week and the month ending, we will have a better answer as we head into next …
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