The biggest mover so far in one month’s time is sugar futures, up over 16%.
As I am a big follower of weather patterns and have predicted weather could be a huge factor on several crops this year, one major …
Over the weekend I covered the Daily charts on the Economic Economic Modern Family, featuring the Russell 2000 (IWM) and Retail (XRT).
Both are lagging the benchmark and in the middle of their January trend calendar ranges.
As Semiconductors, NASDAQ, …
Let’s get right to it.
The charts and our tools are telling.
First, I look at moving averages and phases.
Second, I look at Real Motion and momentum to see if there is a divergence to price.
Then, I check …
We are super excited to announce that today starts the official January 6-month calendar range.
As you can see in the chart for Apple, the small red and green horizontal lines have appeared on one of our favorite platforms at …
After a long weekend, the market action on January 16th held some surprises.
The Bullish Trends or gainers were the dollar and here is the surprise for some-many different commodities.
The Bearish Trends or losers were foreign currencies, long bonds …
With the news on geopolitical escalation, soft versus hard landing, disinflation versus reinflation, growth versus value and credit default versus available disposable income, gold and silver are even more interesting now.
Gold’s behavior has been more of sell strength and …
I began the week focused on bank earnings, which we will wake up to tomorrow.
In that Daily, I wrote, “one can assume that bank stocks, which already started off the year extremely well, have potential to shine.
However, we …
Looking at the Economic Economic Modern Family (weekly charts), to date, they all peaked in December.
The Russell 2000, Regional Banks, Transportation and Retail, as far as index and sectors go, backed off the most from their peaks.
Semiconductors are …
On January 17, Alcoa Aluminum will report earnings.
As a main aluminum producer, Alcoa announced cost-cutting measures along with plans to curtail production at one Western Australian Refinery.
But that is just one facility, and the company plans to continue …
Starting with the Jeffries Group reporting on January 9th, by Friday we will see Bank of America (BAC), JP Morgan (JPM), Wells Fargo (WFC), and Citigroup (C) as well as a few other banks report earnings.
In my 2024 Outlook …
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