Nasdaq Teetering On Important Fibonacci Price Support!
Technology has become a durable and leading sector or the global economy and stock markets. And due to a concoction of mixed economic data, over-heated inflation, and rising interest rates technology stocks have been caught in the cross-hairs of a bear market. Today,...
13-Year Tech Support In Play, Will Results Be Different This Time?
The technology sector is a vibrant and important cog in today’s economy and stock market. Tech represents both growth and leadership in global equities and has been under pressure due to rising interest rates. Today’s chart highlights this bearish development quite...
Is A 500% Rally In Yields, In 30-Months Enough?
The rise in interest rates has been meteoric, with mortgage rates reaching levels not seen in nearly 2 decades. The 10-year US treasury bond yield is highly watched as a leading indicator and that yield has risen from near 0 (Covid) to well over 4 percent recently. Is...
Will Semiconductor Stocks Send a Trick or Treat Message to Tech Sector?
This is apparent when looking at the performance ratio of the Nasdaq Composite to S&P 500 Index. Tech is extremely important to the broader stock market and has been a market leader over the past decade-plus. But as October comes to a close and the masses welcome...
Junk Bonds Reversal Would Be Bullish For Stocks!
With yields trading at elevated levels and stocks trading at depressed levels, it makes sense that junk bonds are not faring well this year. BUT they are trying to re-group for a potential rally… and stock bulls would love to see risk-on “junk” rally. They have their...
Hi Yo Silver Time For Silver Mining Stocks?
The precious metals arena has seen gold and silver pull back and consolidate for several months. And this, coupled with a bear market in equities has brought down precious metals mining stocks. But the miners are starting to show life. And if King Dollar slows its...
Copper/Gold Ratio Says Bond Yields Rally Overdone
The price of copper to gold has been a correlation that has followed 10-Year US Treasury bond yields (in trend) fairly closely. This correlation has been one that I’ve followed to see if bond yields are changing trend, or if the trend has become overdone. Today, this...
Tech Stocks Need To Reverse Under-Performance Trend!
Several times we have highlighted the under-performance of tech stocks. However, now more than ever do tech stocks need to reverse their misfortune. Today, we look at a long-term “monthly” chart of the ratio of the Nasdaq Composite to the S&P 500 Index. As you can...
Chinese Stock Market Sends Warning As Waterfall Selloff Continues!
Global equity markets have come under heavy volatility this year, with leading markets like the US, China, and Europe declining swiftly. China’s Hang Seng index in particular has sounded alarm bells, and we have been highlighting the importance of its bearish pattern...
This ETF Loves Higher Interest Rates, Says Joe Friday!
Rising Interest rates have been very hard on stocks and bonds so far this year. Are any ETF's doing well during this rapidly rising rate environment? Yup! TBF year to date is up nearly 45%! Joe Friday Just The Fact Ma'am: TBF is screaming higher due to rising...
