Interview On The Precious Metals Sector
A few days ago Mike Swanson of WallStreetWindow.com interviewed me. Listen below to get my latest thoughts on the precious metals sector.
Forex Metrics And Chart Week 35 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the CAD(4X) followed by the EUR(3X) and the AUD(2X). The weaker currencies are the GBP(4X) followed by the NZD(3X) and the USD(2X). By diversifying a nice combination can be traded in the […]
Decision Time – S&P Sentiment
On July 23rd, I posted that a short term top was near due to overbought sector sentiment. We’ve now had a short term dip, but is it enough? If we look at 7 day momentum and sentiment for the S&P 500 Index (SPX) it has fallen to the level of minor dips over the past two […]
Market Timing Using The Dow Jones’ 200 Count
The Dow Jones made its last all-time high (BEV Zero) on August 7, and for the past fourteen trading sessions the Dow, moving in tiny baby steps, hasn’t moved further than 2.01%. Following this market is like watching paint dry, and it’s been that way for weeks. But about the time you believe you have […]
Silver Price Forecast 2018: Dollars Relative To Silver Price Points To Much Higher Prices
Silver is currently trading around $17 an ounce. This is around 34% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, […]
Which Food Stocks Should You Buy Amid Grocery Industry Woes?
The grocery industry has been grappling with several challenges like stiff competition, and aggressive promotional environment of late. Traditional grocery rivals are strengthening their franchises and outside players are offering alternative outlets for food and other staples. Customers are becoming more inclined toward private label products as they are low-cost alternatives to national brands. Food […]
Gold Prices Press Higher As Yellen Remains Mute On Policy – NFP On Tap
Fundamental Forecast for Gold: Neutral Gold prices eye fresh yearly highs as Yellen offers no policy guidance What’s driving gold prices? Review DailyFX’s New 3Q Gold Projections Gold prices were higher last week with the precious metal up 0.48% to trade at 1288 ahead of the New York Close on Friday. Price action last week remained uninspiring until Friday’s […]
“Time To Dump U.S. Stocks?”
This week the cover of Barron’s had as one of its headlines “Time To Dump Stocks?” This should not be ignored. Having been an avid Barron’s reader for 3 decades, I would describe such headlines as… …not usually very timely, …frequently correct, …and usually a good indication of institutional sentiment. With that in mind, consider […]
Uptrend Resumption Or Rally Fizzle?
Current Position of the Market SPX Long-term trend: The uptrend should continue after pausing for a correction. SPX Intermediate trend: “An ending pattern appears to be in its last stages of completion. This should be followed by an intermediate term correction into October.” The correction has started. Market Overview: After the 20-wk (40-wk?) cycle made […]
Matt King: Global QE And “ETFs Everywhere” Have Created An Unstable, One-Way Market
While the financial industry remains divided over what precisely is the cause of the malaise that affects modern markets, characterized by plunging volumes and trading activity, record low volatility and dispersion, a relentless ascent disconnected from fundamentals, and generally a sense of foreboding doom, manifested by an all time high OMT skew – or record […]
