Gold; Load Up The Truck Upon Hitting This Level
Gold has created lower highs since peaking last summer. Is Gold near a low? Where would a nice entry point come into play? This chart looks at Gold ETF (GLD) on a weekly basis over the past few years. GLD hit the top of this rising channel at (1) last summer, as it...
Commodities Bulls Hope US Dollar Peaks Here!
The US Dollar has received a fair amount of attention over the past year, as pandemic-spurred government stimulus and assistance programs and a softer stance from the Federal Reserve have weakened the buck. And commodity bulls have benefited enjoying a broad rally...
Who Gives A Ship? Baltic Dry Index Breakout Attempt In Play!
The health of the global economy relies on several key factors, but one of the more important ones is shipping. And the Baltic Dry Index (BDI) is a solid barometer for economic activity. BDI is an index of average prices paid for the transport of dry bulk materials...
Russell 2000 Creates Doji Pattern At Top Of 30-Year Channel
After months of strong bullish action for the small-cap stock index, the Russell 2000, chart patterns have turned indecisive. The broader trend is still bullish (higher highs and higher lows), but the month of March produced a Doji pattern. And this comes after a 110%...
ARK Innovation ETF About To Take On Water? Dual Support Test In Play!
Red hot ARK Innovation ETF was up nearly 500% over the past year, illustrated in this chart from Marketsmith.com & Investors Business Daily. It has cooled off a little over the past 8-weeks, as it declined nearly 40%. This decline has it testing its 1-year rising...
Gold Miners Bear Market Accelerates If This Happens!
Gold mining stocks have struggled since last August, as they have lost nearly 25% in price, putting them into the bear market territory. Is this enough of a decline? Gold miners have their fingers crossed this critical support holds right now! The chart looks at...
12-Year Tech-Bull Market Over? Joe Friday Says: “Watch This Shooting Star Pattern!”
The trend for tech stocks remains strongly bullish. Did the Nasdaq Composite create a pattern last month that is worth keeping an eye on? Yes! The Nasdaq composite remains inside of this 12-year rising channel, as it has created higher lows and higher highs, that...
China Stocks Sending Troubling Message To The World
Is Big Trouble about to hit China? If history is a guide, the answer is yes. This chart looks at China ETF (FXI) on a monthly basis over the past 15-years. FXI has found line (1) to be resistance three different times in the past 13-years. At this resistance line, it...
Euro Currency Break-Down? Commodity Bulls Hope Not!
The recent rally in the Euro currency (EURUSD) has drawn the attention of forex traders, macro investors, and the commodities market. The latter has struggled over the past decade due to a falling Euro / rising US Dollar situation. As you can see in today’s “monthly”...
Commodities Counter-Trend Rally Going To End Here?
The rise in commodities prices has investors (and consumers) concerned about inflation again, with bond prices falling and bond yields rising. It also has investors on watch for breakouts and trading opportunities in select commodities. Today, we take a look at an...
