Doc Copper Break Of Support Suggest Softer Economy, Says Joe Friday
There’s been plenty of uncertainty in the air. From our economy to the stock market to politics to war abroad, consumers are concerned. So we continue to look for facts, signals, and clues in the financial markets to tell us how to trade… but also what may come next....
Nasdaq Reaches Important Technical Price Resistance!
Technology stocks continue to lead the broader market higher. Without them, who knows where the stock market would be!! Today’s chart highlights Tech’s leadership, along with it’s long-term rising trend. Below you will see a “weekly” chart of the Nasdaq Composite. As...
Elevated Gold Prices Face Bigger Selloff If Support Fails!
There’s so much uncertainty today that I think the markets are uncertain about being uncertain. I know Gold is sure trading like it. With so much uncertainty in the world today, it’s not surprising that Gold prices remain elevated. But each time it looks like a...
Breakout Test In Play For Tech, Says Joe Friday!
Since stocks bottomed last October, the rally has been lead by the technology sector. And tech indices like the Nasdaq 100 and Nasdaq Composite have posted solid gains. For an even better indication of the health of a major index, we can turn to its “equal weighted”...
Economic Slowdown, Falling Interest Rates and Inflation? This Ratio Says Yes!
The world is full of economic concerns. Inflation, economic slowdown, global trade, and international war. So what’s next? Today’s chart might just might share a glimpse into the future. Below is a “weekly” chart of the Copper to Gold price ratio. Typically, when this...
Have Bank Stocks Bottomed? High Yields Spreads Say No!
The stock market is stuck in neutral, with several sectors failing to keep up. Call it a lack of leadership. One key sector that has really been struggling is banking. And let’s just say that the economy needs healthy banks and a healthy financial sector. Today’s...
Commodity Price Patterns Signaled Caution Despite Russian Invasion!
Market prices absorb all the information that’s out there. Perhaps that’s why several commodity prices surged in the months leading up to the Russian invasion of Ukraine. And since then, they have come back down to earth. I don’t think this is exactly how Putin...
Gold Bulls Are Hoping 3rd Time Is The Charm!
The precious metals sector has remained elevated, yet volatile, over the past two years. Call it consolidation, but in my humble opinion, something has got to give. Inflation, war, politics… gold bulls have the catalysts and tailwinds to see higher prices. Today, we...
Crude Oil Is About To Send Critical Message To Fed, Says Joe Friday!
The past 12 years have seen some massive swings in the price of Crude oil. And the latest swing higher into 2022 played a role in higher gas prices and inflationary pressures. So how is the most important commodity in the world trading right now? Let’s turn to Joe...
Treasury Bonds Are Setting Up For A BIG Move!
As the Federal Reserve continues to fight inflation by raising interest rates, the market is growing uncertain about futures rate hikes. Today, we share a chart comparing the 10-year US treasury bond yield versus the popular 20+ year treasury bond ETF. As you can see,...
