Tuesday’s Daily was all about the metals. On 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.…
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Stocks
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SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The short term picture is a little messy, with an open…
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The S&P 500 recently moved above its February high to extend its uptrend, but all is not well under the surface. Fewer stocks are participating in the May advance and a key breadth indicator formed…
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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…
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In this episode of StockCharts TV’s Sector Spotlight, wrapping up the month of May, I dive into the seasonal characteristics of the markets. I start with a quick look back at seasonal rotation during the current…
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BUD’s stock price has fallen hard, but it may be at a critical buy point. Is the king of beers (or rather, its parent company) a good buy, or is it something to avoid for…
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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…
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There’s an old adage of Wall Street, which says: “never short a dull market.” And while AI is getting all the press these days, the oil market is about as dull as it gets. This,…
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Sentiment was a HUGE problem for the bulls to start 2022 and now it’s become a similarly big issue for the bears now. If you haven’t noticed, most bulls don’t begin to turn bearish until…
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After taking a brief breather last week, the Indian equities extended their up move this time. After trading buoyant and with limited downsides all through the last five sessions, the headline index ended on a…