King Dollar creating bearish reversal pattern, says Joe Friday
CLICK ON CHART TO ENLARGE The US Dollar hit peaked in January of 2017 and started creating a series of lower highs and lower lows, which has formed falling channel (1). King Dollar hit a cluster of support and the bottom of the falling channel (1) 6-months ago and a...
read more
Gold Bulls Find Themselves In A Precarious Position
After a strong rally to start 2018, Gold prices (NYSEARCA:GLD) have fizzled out… again. Will this ordinary decline turn into a more significant one? It very well could… especially for those holding in US dollars. In the 2-pack of charts below, we can see the recent...
read more
Commodities-Attempting breakdown of 15-year support
CLICK ON CHART TO ENLARGE The chart looks at the Thomson Reuters Commodity Index over the past 38-years, on a monthly closing basis. The index has been creating a series of higher lows and higher highs over the past 15-years inside of rising channel (1). It hit the...
read more
S&P and JP Morgan could send strong bullish messages
CLICK ON CHART TO ENLARGE The long-term trends for the S&P 500 and JP Morgan remain up. Despite the trends being up, both have made little upward progress over the past 6-months? Any reason why they have struggled to move higher? One technical reason could be a...
read more
Crude Oil Could Be Peaking!
CLICK ON CHART TO ENLARGE The chart above looks at what could be the most important commodity on the planet, Crude Oil and its price action over the past 15-years. We applied Fibonacci retracement levels to the highs in 2008 and the lows in 2016, at each (1). The...
read more
Interest Rates facing heavy 25-year resistance, says Joe Friday
CLICK ON CHART TO ENLARGE Have interest rates increased over the past couple of years? Yes they have! Have interest rates broken above long-term falling channels? Nope Joe Friday Just The Facts Ma'am- Interest rates (2, 5, 10 & 30-Year yields) are all testing...
read more
Japanese Yen & Commodities both breaking down?
CLICK ON CHART TO ENLARGE The above chart looks at the Japanese Yen and the Thompson Reuters Equal Weight commodity index over the past 9-years, which reflects that the long-term trend for both remains lower. Both peaked in 2011-2012 and declined for the next 5-years....
read more
Doc Copper suggesting economic weakness ahead?
CLICK ON CHART TO ENLARGE Some view Doc Copper as an indicator of economic strength. If you are in this camp, it is facing an important price point. Doc Copper remains in a long-term downtrend; as it peaked in 2011 and has created a series of lower highs and lower...
read more
Interest Rates-Biggest test in past 25-years?
CLICK ON CHART TO ENLARGE This chart looks at the Yield on the 10-year note (TNX) over the past 25-years. Yields have spent the majority of the past couple of decades inside of falling channel (1). Yields have been pushing higher since the lows in 2016 where they have...
read more
This US Dollar Pattern Could Spell Trouble For Precious Metals!
The currency markets could be setting up for a big move. And this could have big-time effects on the other markets, like precious metals. It all starts with the US Dollar Below is a long-term chart of the US Dollar vs the Euro. At point (1) we have a potential...
read more