Tuesday’s Daily was all about the metals.
Wednesday, gold, miners, and silver all rallied.
Is the bottom in on this last correction?
Perhaps.
Two interesting areas to watch now are the one-year PCE rate-adjusted.
And the retail sector-now on critical …
In gold futures, we were looking for a correction to around $1940 an ounce.
The June contract fell to $1932.
Now, it closed on the exchange at $1958.
Plus, it had a new 60-day low and potential reversal pattern.
The …
This past week, we have written a lot about tech (another AI generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed.
For this weekend, we want to invite you to have a …
Paying attention to the media and all the fearmongering around the debt ceiling, we can see the results to both the futures and stock markets.
I want to take a rare U-turn from technical signals (after this week focusing on …
An AI image to illustrate that while Monday, Granddad Russell (IWM) was offering a helping hand to his wife Granny Retail (XRT) , today, they both looked more vulnerable.
Just as the S&P 500 failed to clear its 23-month moving …
Just look at the March lows in Granddad Russell 2000 (IWM).
Now look at the March lows in Granny Retail (XRT).
So who is right?
IWM has moved up for the March lows and to start the week, took the …
We started out this year thinking that the economy stagnates, and inflation has a second wave or a super-cycle.
At this point, with 5 months into the year, the recent economic stats still support that our economy is contracting.
But …
This week I wrote a Daily on USO, the US Oil Fund.
Plus, I did a video for CMC Markets on those 2 commodities plus on Dollar pairs with Yen, Euro, British Pound.
I wrap the video up with a …
The four ratio indicators track key intermarket relationships which identify risk on/off market conditions.
These four indicators can be used together to confirm or identify the strength of the core risk on/off indicator which is the S&P 500 v. Utilities.…
Most associate lithium with EV usage.
The largest holding in the ETF basket (LIT) is Albemarle Corp. (ALB). The U.S. based company is not purely a lithium business as they also produce chemicals related to petroleum refining and consumer electronics.…
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