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Stocks And Precious Metals Charts – King Dollar Declined

Stocks And Precious Metals Charts – King Dollar Declined

Gold and silver were rallying strongly today as the wiseguys flipped the option expiration to squeeze the shorts, especially in the miners.I love it when they do that.Stocks were slumping but managed to rebound to the green into the close.VIX rose and then plummeted back to unchanged.The Dollar declined.Have a pleasant evening. More By This […]
Stock And Sector Checklist To End November (And Enter December 2023)

Stock And Sector Checklist To End November (And Enter December 2023)

Image Source: Unsplash We’re quickly coming to the end of 2023 and getting ready to start a fresh new year that’s a month away! In tonight’s video, we pinpoint the sector performance with the 2 strongest sectors, 3 weakest sectors, and the remainder that traded sideways this year. We also scan for the stocks showing the […]
Another Day Waiting For The Breakout In The Russell 2000

Another Day Waiting For The Breakout In The Russell 2000

It has been a relatively slow start to the week given what is at stake we remain waiting for the potential breakout in the Russell 2000 (IWM). The Russell 2000 has drifted back in relative underperformace against the S&P, but only to a small degree. Other technicals remain net positive. The Nasdaq and S&P both […]
Stocks Correct Course With Solid Wins

Stocks Correct Course With Solid Wins

The Dow righted the ship today with a solid win, finishing in the black for the third time in the last four sessions. The S&P 500 and Nasdaq joined the blue-chip index in the win column, despite trading flat for most of the day. As Wall Street unpacked encouraging consumer confidence data, all eyes now turn […]
Refill Of Strategic Petroleum Reserve Slowed By Companies Delaying Return Of Borrowed Barrels

Refill Of Strategic Petroleum Reserve Slowed By Companies Delaying Return Of Borrowed Barrels

Many jokes have been made at the snail’s pace at which the US is refilling the Strategic Petroleum Reserve, which we learned yesterday, added another laughable 300k barrels bringing its total inventory to 351.6 million barrels, yet still down almost 300 million from where it was when Biden entered the White House. US SPR crude […]
Home Prices See Big Bounce Off 2023 Lows

Home Prices See Big Bounce Off 2023 Lows

The latest S&P CoreLogic Case Shiller home price data for September was released today and showed a 0.3% month-over-month (m/m) increase in home prices at the national level. Fifteen of twenty cities saw prices rise m/m, with Detroit, New York, and Las Vegas jumping the most, and Minneapolis, Denver, Seattle, Dallas, and Portland seeing declines. […]
Beware The Hook

Beware The Hook

The bungee jumper doesn’t just bounce once.Stated in a more highfalutin way, perturbed systems normally don’t converge straight back to equilibrium.Obviously, the 2020-2021 COVID-triggered episode took the form of a severe shock to the system. The initial shock (to relitigate the familiar story for the thousandth time) was the panicky global shutdown initiated due to […]
Treasury ETFs On Track For Best Month Since March

Treasury ETFs On Track For Best Month Since March

Image Source: Pixabay The world’s largest bond market made a remarkable recovery in November after experiencing difficulties earlier in 2023. It is now on track for its best month since March. The Bloomberg US Treasury Index recently turned positive, driven by easing inflation and steady job growth, and triggered a rally that brought yields down from […]
Large Silver Imports Leave Price In Positive Territory In 2023

Large Silver Imports Leave Price In Positive Territory In 2023

Image Source: Pixabay As we pass the Thanksgiving mark in the 2023 trading year, after all that’s happened, silver is back in positive territory on the year.Contributing to the recent rally are the geopolitical issues in the Middle East, as well as concerns about the Treasury market in the US. Although large silver imports in the […]
Tesla’s Dramatic Gap-Fill Stall, Gold Bar Secrets And A Looming Downturn

Tesla’s Dramatic Gap-Fill Stall, Gold Bar Secrets And A Looming Downturn

Image Source: Pexels Tesla (TSLA) gets stuck at the gap fill creating selling pressure – however, we might see a retrace to the scene of the crime before a larger down move begins.Gareth shows us where he picked up physical gold bars by using the power of parallel channels which showed an area of support and […]