Banks Should Send Critical Message To Stocks This Week!
Bank earnings could go a long way to impacting the broad market in a big way this week. Wells Fargo, Goldman Sachs, Bank Of America, JP Morgan, Morgan Stanley all announce earning the next couple of days. As these earning announcements are to take place, the Bank...
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New Gold Bull Market? Not Until This Happens!
After a big summer rally, Gold peaked out at $1566/oz in September. Since then, Gold prices have been consolidating between $1475 and $1550. So what’s happening here? Enter the Swiss Franc currency… In today’s chart, we look at a key indicator (and correlation) for...
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Semiconductors About To Send Strong Bullish Message To Stocks?
Sir John Templeton used to say that the four most dangerous words in investing are; "It's Different This Time." Investors might want to keep a close eye on this ratio to see if the results will be different this time! This chart looks at the Semiconductor/S&P 500...
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New York Stock Exchange Ready To Send An Important Message To S&P 500?
Is the New York Stock Exchange Index (NYSE) about to send the S&P 500 a fresh bearish message? Possible! The NYSE index has been much weaker than the S&P 500 for the past couple of years (see lower right ratio chart). The NYSE index actually peaked in January...
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Transports Going To Send First Bearish Message In 10-Years?
Transports have been flying high for nearly a decade. Is this trend about to end? This chart looks at the Dow Jones Transportation Index over the past 14 years. Since the summer of 2009, they have been creating a series of higher highs along line (2). Over the past...
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Will Momentum Divergence Produce Another Bear Market For Stocks?
Stock market deja vu? One key stock market indicator is sending a cautionary message to investors right now… one that we saw back in 2000 and 2007. In today’s chart, we take a long-term look at the S&P 500 Index versus its relative momentum. As you can see,...
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Gold Miners Topping Pattern Looks To Be Breaking Support
This chart of Senior Gold Miners (GDX) from Marketsmith.com reflects it could be forming a "Head & Shoulders" topping pattern over the past couple of months. This pattern could be about to send Gold Miners a rather bearish message. What would it take for this to...
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Commodity Deflation About To Pick Up Speed?
Commodities such as Gold, Silver, Natural Gas, and Crude oil have been rallying since early August. Though this overall asset class has been mixed (see the grains), it has been enough to produce a rally on the TR Equal Weight Commodity Index. In today’s chart, we look...
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S&P Is Testing 28-Year Resistance And Key Fibonacci Level At The Same Time!
Is the S&P facing a 28-year breakout/resistance test as well as an important Fibonacci extension level at the same time? Looks like it! The chart looks at the S&P 500 since the early 1990's. It has spent the majority of the past 28-years inside of rising...
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Gold Miners Indicator Create A Double Bottom Last Week?
Gold Miner's bulls have been wishing for the past couple of years, that the Junior Miners/Senior miners ratio (GDXJ/GDX) would rally. Did the ratio create an important low last week while testings its 2019 lows? Possible. The GDXJ/GDX ratio hit lows for the year in...
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