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...
Is Cisco (CSCO) About To Lose Leadership Position?
Cisco (CSCO) used to be one of the four horsemen of the Nasdaq (tech stocks) rally. While CSCO still has plenty of influence as a large-cap leader in the Semiconductor Sector, it is under-performing its peers and trading in a pennant pattern. In short, Cisco has...
Treasury Bond Yields Reverse Higher Off Key Fibonacci Level!
The past few months have given investors the feeling that the 3 year (monster) rally in treasury bond yields is over. But the lull may be over. And it’s looking like bond yields (interest rates) may be rallying again. Why? Well today’s chart 4-pack looks at treasury...
Bullish Message For Gold Investors… Only If This Ratio Breaks Out!
Gold prices remain elevated but have yet to record the major breakout that gold bulls are looking for. Today, we revisit an important Gold ratio that we have been following for months: the Gold to U.S. Dollar ratio. And above, you can see why. The long-term “monthly”...
Commodities Wedge Pattern Should Lead To Huge Move!
During the COVID pandemic, commodity prices soared. And this lead to a bout of inflation that we hadn’t seen in years. But commodity prices have leveled off and this has helped to keep inflation in check. This consolidation like pattern can be see on today’s “monthly”...
2-Year Treasury Bond Yields Near Important Fibonacci Support!
The Federal Reserve has paused its interest rate hikes and inflation data seems to be leveling off. We’ll see. All in all, bond yields (interest rates) are pulling back and investors are hopeful that we have a soft landing. Looking at today’s long-term “monthly” chart...
Advanced Micro Devices (AMD) Attempting HUGE Fibonacci Breakout!
Semiconductor stocks have been leading technology stocks higher. And today’s Semi stock has been red hot: Advanced Micro Devices (AMD) As you can see on the “monthly” chart below, AMD has been ripping higher in recent months. But it’s important to note the shaded...
