Is the U.S. Dollar Quietly Forming a Bearish Topping Pattern?
The U.S. Dollar continues to be the most powerful currency in the world. And for this reason, it’s also the most watched. When the dollar is on the move, it can have an effect on the various asset classes. Today we look at a “weekly” chart of the old King Dollar. And...
Investor Sentiment Getting Greedy? Seems Unwarranted!
Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top. BUT, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!...
Coinbase (COIN) Stock Price Rally Putting In Bearish Reversal?
The past 15 months have been very good for Coinbase's (COIN) stock price. During that time, COIN has rallied from $31 to over $230. And the rally has seen some wild volatility! Today’s “weekly” chart of Coinbase highlights this and more. As you can see, COIN has been...
Bitcoin Rally Tests Old High; Will Fibonacci Price Resistance Hold Again?
Bitcoin has been all the rage in the financial markets lately. After it surpassed 50000, headline after headline has come out about it making new all-time highs. Well it finally happened. And Bitcoin’s price has retreated a little since. As you can see on today’s...
Equal Weight S&P 500 Testing Key Fibonacci Extension Level!
The latest stock market rally has taken several key indices to new highs. One such index is the Equal Weight S&P 500. While this is bullish, today’s long-term “monthly” chart of the Equal Weight S&P 500 ETF (RSP) shows price running into a big Fibonacci...
Gold Makes History With Highest Weekly Closing Price In History!
Precious metals may finally be nearing the rally that gold and silver bulls have been waiting for. Today, we simply focus on Gold from a “weekly” price perspective. And let’s just say that the recent price action has been bullish. Last week, Gold closed at its...
2 Under-Performing Stock Market Indices Eye Fibonacci Breakouts
It is fair to say that the stock market has been lead higher by technology stocks and large cap stocks, in general. But two stock market indices that historically have been key to broad market rallies have under-performed: the small cap Russell 2000 Index and the...
Semiconductors ETF Rally Reaches Historic Dual Price Resistance/Breakout Level!
Investors have been treated to one heck of a rally by the Semiconductor Sector (SMH) with stocks like Nvidia (NVDA) leading the sector and stock market higher. But the semiconductor sector may be nearing a crossroads. Is it breakout time or break time for the red-hot...
Nvidia’s Stock (NVDA) Reaches Key Fibonacci Extension Level!
Nvidia has captured the technology investor community by storm. Nvidia’s stock price (ticker: NVDA) has surged in recent weeks and this has lead the broader stock market higher! But, as you can see on today’s “weekly” chart of Nvidia, the high flying NVDA hit its 261%...
Natural Gas Crashes Into Historic 25-Year Price Support, Says Joe Friday!
It’s been a rough go for Natural Gas prices. Even with elevated inflation numbers, Natural Gas is still in crash mode. “The facts, Ma’am. Just the facts.” – Joe Friday Today’s Natural Gas chart highlights the crash in Natural Gas prices. Natty has fallen nearly 50...
