Friday’s price action capped off a string of days that told a story of broadening market strength and expectations of improving economic conditions.
On a daily basis, the story sounds like this…
On Thursday, TLT quickly retreated after breaching its …
As Keith and I are heading on a vacation (with social distancing) starting Monday for 3 weeks, this is the last Daily I will write until September 1st.
Yet, not to worry, Geoff Bysshe will be taking over both my …
With the Russell 2000 breaking out over the 50 and 200-week moving averages, the market does look like blue skies, right?
Retail XRT ran to just over $50.00
Sister Semiconductors SMH rocked to another new all-time high.
Transportation IYT passed …
With the Russell 2000 breaking out over the 50 and 200-week moving averages, we should see nothing but blue skies, right?
Maybe.
We have lots of positives based on hope, of course.
Retail XRT, as featured a while back, is …
A few cautious flags were thrown up today in spite of the new all-time highs in NASDAQ
Last week Max Wiethe from Real Vision and I sat down for about an hour to discuss a myriad of timely and relevant market topics. (Link at the end of the commentary).
So much happened in this past week.
The …
MarketGauge has some pretty cool proprietary software.
One indicator is Triple Play. That measures the ratio between a particular instrument and a benchmark.
Triple Play reveals the true trend strength of a market based on "price leadership" and "volume power".…
Junk Bonds JNK, rallied Friday closing above the 50-week moving average.
Then again today, JNK ran up to yet another new high since March.
This is the best example of “Don’t Fight the Fed!” (especially ahead of the Fed meeting).…
In the world of large cap and tech stocks, Friday was an interesting trading day.
Lots of those stocks touched down on their 50-DMA.
To name a few: JD.com JD, Baidu BIDU, IQ, Netflix NFLX and Microsoft MSFT.
With sentiment …
As my loyal readers and followers know, I have been bullish gold and silver since 2018.
Oh sure, we have had some ups and downs, but since the March low, every dip has been a buy opportunity.
And my bullish …
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