Nvidia’s Stock (NVDA) Reaches Fibonacci Price Target. Breakout or Stall Out?
Today we discuss one of the technology sector’s darlings. It’s a market leader and a high-flier… it’s Nvidia (NVDA). The stock price recently surged after the company hit a homerun with their recent earnings announcement. But something important seems to be jumping...
Silver Breakout Coming? Fibonacci Price Targets To Consider
Precious metals have been a bit boring of late due to some sideways trading. BUT that boredom may come to an abrupt end shortly! Today’s chart takes a long-term view of Silver, highlighting a huge price pattern along with potential upside targets (if triggered). As...
Semiconductors ETF (SMH) Nearing Critical Inflection Point!
As readers know, we watch leadership sectors daily. And today is no different as we take yet another look at the Semiconductors (SMH). Below is a “daily chart of SMH showing the correction and subsequent rally. We have two very important price areas to watch that...
Have U.S. Bond Yields Began A New Long-Term Trend Higher?
Rising interest rates are beginning to spook investors. And rightfully so. It’s been the fastest rise in rates in decades. And just when we thought interest rates were easing, they pushed higher once more! 40 years up and then 40 years down… now what for bond yields?...
Are Technology Stocks About To Send Risk-Off Signal?
Tech stocks have been leaders once again in 2023 following its broad-based correction into 2022. BUT, we are not out of the woods just yet! Today’s chart looks at the Equal Weight Nasdaq 100 ETF (QQEW) and provides an insightful snapshot of the current state of large...
Is the Doc Copper Price Decline About to Turn Ugly Again?
Although copper isn’t the economic bellwether that it was 50 years ago, it is still an important barometer of economic activity. As you can see in today’s chart, Copper fell sharply into the 2020 coronavirus crash before racing higher and rallying just as sharply with...
U.S. Dollar Testing Important Support; Gold Bulls Watching, Says Joe Friday!
The U.S. Dollar has been in a choppy rising trend higher since bottoming in 2007/2008. You can see that rising channel in today’s long-term chart (above). BUT King Dollar has been under pressure in recent months. So if the U.S. Dollar wants to keep climbing into...
Are Tech Stocks About To Falter? Or Ready To Lead Again?
The main bank of stock market leadership has come from the technology sector. Let’s face it, tech stocks have been market leaders for years and a core driver of our economy. BUT the post-COVID Nasdaq performance versus the S&P 500 has not been great. The bright...
Breakout By 10-Year Yields Suggesting Upside Target of 6% Yields?
Interest rates remain in the spotlight with investors watching every economic data release and wondering when the Federal Reserve will stop raising rates. Well, one way to gauge this environment is to watch the 10-Year US Treasury bond yield. And as you guessed, it’s...
Dumb Money Indicators Hits Extreme Level, Frothy Signs For Tech?
As we have pointed out several times, the Nasdaq and tech stocks (i.e. Semiconductors) are critically important leaders for the stock market. And wouldn’t you know it, both the Nasdaq 100 ETF (QQQ) and Semiconductors ETF (SMH) are approaching all-time highs (which...
