Transports- Global bulls market needs this support to hold!
Below looks at the Dow Jones Transports ETF (IYT) that remains in a long-term bull market. CLICK ON CHART TO ENLARGE IYT broke to new all-time highs seven weeks ago at (1). It stayed at new highs for one week, before selling pressure started taking place. The weakness...
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Stock/Bond Ratio could breakdown here, says Joe Friday
Below looks at the Stock/Bond ratio, which is created by using the S&P 500 and Zero Coupon Bond ETF (ZROZ). The chart below looks at the price action over the past three years. Since the highs back in 2014, the ratio for the most part has created a horizontal...
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Stocks bulls- Don’t want to see selling start here!
Historically stocks tend to "Start" to get soft this time of year. Below looks at the average performance of the S&P 500 during the month of August over the past 10 & 20-years. CLICK ON CHART TO ENLARGE The typical decline in August is "nothing" dramatic for...
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Doc Copper breaking out again, gains are piling up!
Ole Doc Copper has struggled since 2011, as it created a series of lower highs. Over the past 90-days, Doc Copper has experienced some impressive upside action. Below looks at Doc Copper Futures over the past 4-years- CLICK ON CHART TO ENLARGE Doc Copper created a...
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US Dollar breakout hard on Gold, Silver and Miners!
The US Dollar so far this year, has been very week, losing nearly 10% of its value. This decline might have influenced investors to go long the Euro. Below looks at sentiment towards the Euro, that we shared on our Twitter & Stocktwits accounts 9-days ago. CLICK...
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Amzon- Largest bearish reversal in 20 years takes place, says Joe Friday
Just the Facts....Amazon has done well for years and years and the trend remains up. This past month something took place in AMZN that has not happened in the past 20-years, see chart below- CLICK ON CHART TO ENLARGE The Power of the Pattern applied Fibonacci to the...
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Transports could be repeating 1999 & 2007 now!
Below looks at the Dow Jones Transportation Index since 1994. Is it possible that the Transports index is repeating the patterns that were created back in 1999 & 2007? Below is an update on a potential pattern that we have been sharing with members for months....
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Germany & Emerging Markets kissing important resistance-
Stock markets around the world remain highly correlated. With this in mind, the German stock market finds itself potentially kissing dual resistance, that could impact stocks in the states. CLICK ON CHART TO ENLARGE As mentioned above, the DAX remains inside of rising...
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King Dollar creates bullish reversal pattern at support
King Dollar hasn't had much to brag about the past 6-months, as it has decline nearly 10% this year. The decline took it down last week to test a potential dual support point, that could be important. See support and reversal point in the chart below- CLICK ON CHART...
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King Dollar testing triple support with few bulls!
King Dollar over the past 30-weeks has experienced a sizable decline, that hasn't a ton of times over the past 25-years, see below- CLICK ON CHART TO ENLARGE The large decline in King Dollar has taken it down to what could be an important price point and it has...
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