S&P 500 Testing Top Of 30-Year Rising Channel, Says Joe Friday
Do charts have memories? Can prices as far back as 45-years ago impact prices today? I understand if you answered both questions with a resounding no. In my humble opinion, an important test of these questions comes into play at current prices in the S&P 500 at...
A Repeat Of The 2000 Dot.com Highs In Play?
Since the 2000 tech bubble and crash, tech stocks have regained their leadership form. Especially large-cap tech stocks. Headlines have varied in focus from the “4 horseman” to “FANG” and “FANGE”, but one thing remains: Large-cap tech stocks have been the bull market...
Treasury Bond Yields At Make-Or-Break Decision Point Says Joe Friday
Treasury bond yields (and interest rates) have been falling for so long now that investors have taken it for granted. But bond yields have been rising for the past several months and perhaps investors should pay attention, especially as we grapple with questions about...
Doc Copper Suggesting Economic Growth Peaks Here?
The broader commodities market is enjoying a multi-month rally that has seen momentum carry over into early 2021. One area of commodities that’s seen a big lift is the metals space. We hear a lot about gold and silver, but how about copper? One look at today’s chart...
US Dollar Collapse, Crude Oil Skyrocket About To Happen?
Is the U.S. Dollar about to collapse? Are Crude Oil prices about to skyrocket? Well if these price movements are to take place, 12-year trends have to change! Since 2008, the US$ has created a series of higher lows and higher highs inside of rising...
Here’s Why Gold Could Be Headed To $3000
In the spring of 2020, I highlighted the potential for a very bullish long-term pattern for Gold. That pattern was the popular “cup with handle” formation. At that time, it was still attempting to fill out the right side of the “cup” formation. Today, we take another...
The Commodities Rally Hinges on a Euro Breakout!
Over the past year, there has been a lot of buzz about rising equities, the surge in Bitcoin, the strength of gold, and the comeback in commodities like crude oil and corn. But what about the Euro? It’s just as important and it is a big reason why several of the...
Is the 30 Year Bond Bull Market Over?
For the past three decades, one thing investors could count on was lower yields and rising bond prices (due to inverse relationship). The Federal Reserve was dovish and a competitive market (due to the rise of technology) kept prices and inflation under control. And...
Will Dow Industrials See Decade of Flat Market Returns?
Over the years, active investors turn to several indicators to gauge market returns. And these indicators are used over varying timeframes, depending on the data and chart duration. We often look to price patterns to highlight strengthening trends (breakouts) and...
Is the US Dollar About To Collapse or Rally?
The U.S. Dollar got hit hard in 2020, declining nearly 7 percent (year over year) and as much as 12 percent from peak to trough during year. This weakness in King Dollar has been a tailwind for commodities and stocks alike. See my recent articles on Silver...
