Tech Indicator Suggesting A Historic Top Could Be Forming?
Tech stocks have been the clear leader of the stock market recovery rally, this year and since the lows back in 2007! But within the ranks of leadership, and an important ratio may be sending a caution message to investors. In today’s chart, we look at the ratio of...
King Dollar Could Double Topping; Commodities Would Benefit If It Does!
The U.S. Dollar has been a pillar of strength for the past 12-years, at it created higher lows starting in 2008, near the 70 level. Since these lows, it has rallied nearly 50%. The 102 level was resistance for nearly 13-years (1987 to 2000) until an upside breakout...
Doc Copper Counter-Trend Rally Could Peak Here, Says Joe Friday
Could ole Doc Copper be sending an important message about the overall health of the global economy and the stock market in the next couple of weeks? It appears it could! This chart looks at Copper futures on a weekly basis over the past 7-years. Doc Copper looks to...
Historic Tops and Bottoms Take Place For Stocks And Bonds In March?
The March crash was pretty much an everything crash. But nearly as fast as the market crashed, it’s come back. In today’s chart, we look at two very important asset classes: stocks and bonds. Stocks are represented by the S&P 500 Index and bonds are shown by an...
Silver/Gold Indicator Sending Bullish Message!
Silver has been much weaker than Gold over the past 8-years! Is that trend about to change? Possible! This chart looks at the Silver ETF & Gold ETF (SLV/GLD) ratio on a monthly basis over the past 8-years. No doubt the trend for the ratio is lower, as it has...
European Bear Market Rallies Peaking Here?
Are bear market rallies peaking in Europe? Very possible! This 3-pack looks at stock indices from Germany (DAX), France (CAC-40), and London (FTSE-100). Each index declined more than 20% from highs earlier this year, reflecting that each entered into bear markets....
S&P Is Now Flat For 28-Months, More Disappointment To Come?
Is the saying "So Goes The Banks, So Goes The Broad Market" true? Over the past 28-months, it does appear to be accurate! Banks started underperforming the S&P 500 in January of 2018 (28-months ago) at (1) in the upper left chart. This weakness from Banks sends a...
Are Regional Banks (KRE) Suggesting “Look Out Below” For Stocks?
As we’ve written several times before, the banks / financials are an important sector in the stock market and economy. So it goes without saying that when bank stocks are in an up-trend and/or performing in-line, that it’s a good indicator for the broader stock market...
Internet Index Breaking Out From 30-Month Trading Range!
While many stock indices are well below highs from earlier this year, one index is attempting a breakout from a 30-month trading range! This chart looks at the Dow Jones Internet index on a monthly basis over the past 23-years. The index peaked in 2000 at (1), before...
Banks Continue To Send Bearish Divergence Message, At 800 Pound Resistance!
Is the Banking Index sending a caution message to stocks? It has for the past 28-months and it is experiencing a major resistance test of late! The Banking Index (BKX) started underperforming the broad market back in January of 2018, which created a negative...
