Quiet action for the most part in stocks. To be sure I am seeing some signs of strength to come in the short-term…and you can find out more on that at my free blog.
The action was pretty quiet for the week as kids got ready to head back to school keeping parents busy. The metals continue to act great along with miners, but they could use a little rest.
This week was the first week of the rest of your life, as well as the mark of the resumption of the secular bull market in gold. Things are really shaping up nicely in the precious metals arena. Gold broke a major trend-line and closed the...
More volatility is the name of summer trading. Large moves are coming out of nowhere as the US government in turmoil. Enjoy the show as much as it’s possible since we will likely never see anything like it again, at least that is my hope.
Summer is rolling on…and stocks have taken to the beach for the most part, so we should follow. The metals were looking fine…but are now acting choppy. Consequently, I’m reducing some miners, but still holding a bit.
I was looking for some excellent earnings numbers this past week and in the week to come. To be sure they’ve been lacklustre.
Precious metals continue to rise and are accelerating now past resistance levels nicely. Consequently, I remain much more focused on leading stocks, which are breaking out, but not those coming out of corrections as the miners are.
The short week was quite volatile as traders sat on the beach…and the weakness in metals was the standout in my books. Let’s move right into the charts and check the carnage.
Some more of the same choppy, confusing action from many stocks with the S&P500 and Russell2000 holding up well. However, the Nasdaq is struggling on the backs of the leading large stocks/FAANG, since they are so heavily weighted...
A wild week for stocks as the tech dump lasted more than a day. We’ve stabilized…but charts are showing more downside to come for the Nasdaq in particular. The metals did poorly and continued to slide lower with the sole exception of...