Banks Covered Gold And Silver Shorts During Post Election Selloff
Image source: Pixabay The data is out for the period covering the post-election selloff in gold and silver, and sure enough, the banks did a lot of short-covering.In today’s show we take a look at the latest data, and also how the metals have fared since the Fed’s 50 basis point rate cut in September while […]
Health Care Weightloss
We discussed the hard fall in Health Care sector stocks in today’s Chart of the Day. While the drop has resulted in extreme underperformance versus the S&P 500, it has also resulted in the sector’s weight in the S&P 500 falling dramatically. At the end of 2022, the sector’s weight rose almost to 16%. At that time, […]
Can Nvidia Save The Market One More Time?
Thank Nvidia (NVDA) for today’s uptick in the stock market. The stock accounted for nearly 70% of the day’s gains in the Bloomberg 500, a proxy for the S&P 500. Interestingly, the equal-weight RSP ETF declined today. Tomorrow is a significant day, as the market will closely watch Nvidia report its earnings after the close. […]
Stocks And Precious Metals Charts – Gold And Silver Continued To Rally
Stocks were weak most of the day, but managed to gain some footing and gain some ground into the close, after the rest of the world went home to bed.Gold and silver continued to rally. The selling into the option expiration was ‘technical’ and overdone.I think we will see gold and silver have some room to […]
Make No Mistake – This Week Is Nvidia’s Stage
Image Source: Pexels MARKETSThe Nasdaq Composite soared in early-afternoon New York trading, powered by a 3% leap in Nvidia’s stock as anticipation builds for the chipmaker’s eagerly awaited earnings report on Wednesday. After stumbling out of the gate, tech stocks regained their stride, with Nvidia reaffirming its position as the undisputed heavyweight champion of the AI […]
Buyers Defend 20-Day MAs In Russell 2000, S&P And Nasdaq
After days of selling triggered by escalating events in Ukraine there was at least a modicum of relief for markets as buyers stepped in at 20-day MAs across lead indices. Because of this, breakout gaps remain intact and markets have the opportunity to return to their highs. Risk:reward can be worked off the lows (lowest […]
Has Granny Retail Reversed Or Ever Breakout?
For Turnaround Tuesday, let’s reexamine the ETF XRT, which we have tracked all year. Since February 2024, XRT has been in a massive consolidation. While the ETF recently looked poised for a breakout and a weekly close over $80, the disappointing news is that it has yet to happen. We are super focused on this ETF as not […]
Leading Housing Construction Data Stabilizes, While Units Under Construction Continue Free-Fall
Housing data for October, like that for September, has to be viewed with an asterisk, due to Hurricanes Helene and Milton. Since the effects of both were in the South Census Region, where relevant in the analysis below I will also discuss the numbers excluding that region.The most leading metric, after revisions housing permits (gold […]
Dow Falls Triple Digits; Nasdaq Pops Ahead Of Nvidia Earnings 5 THINGS TO KNOW TODAY COMMODITY PRICES POP ON RUSSIA-UKRAINE WAR DEVELOPMENTS
The Nasdaq and S&P 500 scored healthy wins Tuesday, rising ahead of a highly-anticipated earnings report from Nvidia (NVDA). The Dow dropped 120 points for a fourth-straight loss, after global tensions resurfaces amid escalating tensions between Russia and Ukraine. Elsewhere, Treasury prices rose and yields fell traders cycled into safe haven assets, and the Cboe Volatility […]
Reflections On Investing : Government Debt And Investing
Image Source: Pixabay As Herb Stein “if something cannot go on forever, it will stop”. The current growth of government debt is unsustainable. How will stop? And what does that mean for investors?Video Length: 00:07:06More By This Author:Reflections On Investing : Stocks And Wealth Creation Reflections On Investing: The Equity Risk Premium Investor Memo Q3 2024: […]
