Transports 10-Year Bullish Trend Being Tested! Rally Time or Breakdown?
Is the DJ Transportation Index presenting a rare buying opportunity? The broad market most likely hopes so! Transports have spent the majority of the past decade creating a series of higher lows. This pattern has created rising channel (1), which started back in 2009....
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S&P About To Decline 14%, Catching Up With The Crude Oil Declines?
This chart looks at the performance of the S&P 500, Crude Oil and the Yield on the 10-Year note over the past 4-months. Crude Oil has declined around 14% more than the S&P during this time frame. Yields have declined, even more, around 36%. The is a huge...
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Commodities Breaking Down, Suggesting Deflation More Likely
The big news of the day seems to be the inversion of the yield curve. An inversion oftentimes suggests that the economy will be slowing in the future and recession odds increase. Another important economic message looks to be coming from the Thomson Reuter Equal...
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Silver Creating A Huge Bullish Cup & Handle Pattern?
Is Silver creating a multi-decade bullish Cup & Handle pattern? Possible! Silver peaked at $50 in the early 1980s and then proceeded to fall for years. It peaked again at $50 in 2011 and it has declined for the past 8-years. The two peaks at the $50 level could be...
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Silver Breakout “Test” Important For Precious Metals
Silver has been in rally mode for several weeks now, including a strong burst higher into August. Precious metals bulls are hoping the rally continues, as it’s an important piece to the Gold/GLD rally puzzle as well. Today’s chart shows why the Silver rally is nearing...
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S&P; 20-Month Bearish Divergence Could Impact Stocks, Says Joe Friday
Does history ever repeat itself exactly? Not so much. Do stock market patterns sometimes and momentum sometimes look the same? Yes, says Joe Friday. This chart looks at the S&P 500 over the past 20-years, on a weekly basis, with momentum in the top section. In...
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Interest Rates Bottoming After 40% Decline? Stock Bulls Hope So!
Interest rates have declined over 40% in the past 9-months. Could they be near a short-term low? Stocks most likely hope so. This chart looks at the yield on the 10-year note (TNX) over the past 20-years. The majority of the past couple of decades rates have declined...
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Stock Market Pullback or Bear Market Beginning? (Moment of Truth Part II)
Stock Market Indexes Topping? Well, that was fast. The stock market pullback has been sharp and likely is not over yet. Last week, I shared the same chart, calling it a “moment of truth” for the stock market. Would the 3 underperforming stock market indexes (in the...
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Did A Kiss Good-Bye Take Place For The S&P 500?
Did the S&P 500 send a "Kiss Good-Bye" message at the close of last month? We should find out very soon! The chart looks at the S&P 500 on a monthly basis over the past 18-years. Since the 2009 lows, the S&P has remained above an important rising support...
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Silver to Gold Ratio About To Send Monster Bullish Message?
Precious metals are beginning to catch the eye of investors around the world. In particular, Gold has been performing quite well. But, as many investors know, it takes two to tango. And silver is an important part of that tango. Perhaps more important than gold. Why?...
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