Crude Oil Declines Into Important Price Support!
One of the most visible signs of inflation is gas prices. And, as you know, the price of gas is born out of the price of crude oil. Well, consumers have seen a small decline from the peak in gas prices earlier this year. But could prices fall much lower and further...
US Dollar Forms Large Bearish Reversal Pattern, Weakness Ahead?
The 2-year rally in the US Dollar Index pushed it up over 109 this month before heading lower. The action this month has also coincided with another big rate hike by the Federal Reserve. But there may be something bigger in play: Triple Resistance. As Joe Friday says,...
Will Nasdaq Composite Decline Be Saved By Triple Support?
The major stock market indices have spent much of the first half of 2022 engulfed in a bear market that has eaten away any investor gains experienced last year. Stock market bulls are anxious that a trading low is forming but recent volatility has clouded short-term...
Important Commodity Ratio Points To Lower Interest Rates
One of the most important themes during the first half of 2022 is rising interest rates. And with the Federal Reserve focused on stopping inflation, it’s a legitimate concern. But is there also a case for falling interest rates in the back half of 2022? With several...
NYSE Index Bounces Off 38.2 Fibonacci Level, Will It Hold?
It’s been a volatile couple of weeks for the stock market. And big moves have shaken out weak hands and created a day traders paradise… or demise. Could all this volatility be a precursor to a trading low? Is the market ready for a bounce? Today we look at a very...
Energy Stocks Attempting To Break Down Through Key Support!
A couple weeks ago, we warned that energy stocks might be in trouble. We’ve followed and analyzed the entire trend higher for oil and commodities and, now, we are on technical support watch and concerned about commodities breaking down. Today we revisit the Oil...
Nvidia Stock On The Ropes As Semiconductors Leadership Tested!
It is imperative for active investors to understand the importance of market leadership, both on the way up and down. And this is proving to be very true of the Semiconductors sector. The Semis played a HUGE role in the tech bull market, helping to push the Nasdaq and...
Doc Copper Pattern Suggesting Another Huge Decline Is To Be Expected?
Looks like the historic run higher in copper prices may be taking a breather. While we cannot say that the LONG-term rally is over. It definitely has put in an intermediate top. Back in March, we wrote about this possibility in our article, “Is Copper Repeating...
Oil Stocks Counter-Trend Rally Over Should Support Break, Says Joe Friday
For over 2 years, all crude oil prices did was go higher… and higher. And consumers have been feeling this pain as the gas pump. Well, this month crude oil prices turned sharply lower joining the broad based commodities selloff. Could this be the start of a long...
Are Commodities Double Topping After Historic Run?
We have covered the commodities rally and highlighted the everyday concerns with rising inflation and rising interest rates. Today, we’ll revisit some long-term charts of key commodities and discuss why we should be watching for potential topping formations. Below is...
