The 13 week cycle has probably bottomed. Here’s what needs to happen for the longer cycles to remain in bull phases for gold and for mining stocks.
SPX is still within its intermediate uptrend channel. Resistance is suggested just above 2400. Clearing that would open the way for a move to 2450. But there are also faint signs of possible top formation. I’m holding the longs but adding a couple more shorts to our trading list. Market Update Pro subscribers click here to download the complete market…
US macro liquidity growth has been very slow in recent months. It has barely budged since last August. In contrast, stock prices have risen 9% over the same period. Stocks are now most overbought they have been relative to macro liquidity since 2010 when the Fed was actively pushing stock prices higher.
The pullback has touched the former intermediate downtrend line. Here’s what to look for.
While this little pullback could be the beginning of top formation, we’ll need to see the next couple of up and down series before we get a better handle on whether it is a bigger top. There are multiple support lines in the 2350-2365 area. Here’s what needs to happen, and where the greatest likelihood lies. Market Update Pro subscribers click…
Earlier today I posted this in a rush with a bad link and then left for the day. Fortunately, many of you let me know. I am thankful for the interest, and I apologize for the error! It has now been corrected. Key banking indicators are at or approaching major inflection points. If the banking trends do cross those lines,…
Treasury demand indicators are a mixed bag this month. The Primary Dealers positions are the most important. They’ve been getting shorter.
Something big has changed. In the January 20-March 15 period, instead of raising lots of cash as usual, the Treasury is raising zero new cash. In fact, it is actually paying down debt over that time. Here’s what that has meant, and will mean, for the markets.
Signs indicate that the 13 week cycle has peaked. But in addition, longer cycles are not as strong as they should be at this stage. Here’s what to look for.
I am behind schedule this morning. The Precious Metals update usually posted early Monday will be delayed until around 11 AM ET. Thanks for your patience. I apologize for the inconvenience!
Posts from Other Publishers
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I’m a big fan of Jack Bogle. Like Warren Buffett, I believe he been nothing less than a “hero” to individual investors. That said, CNBC reported this week that “Jack Bogle…
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The Office’s Dwight Shrute may shed a tear today.
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