Thu April 4

Metal Health will drive you Mad

I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND DO NOT FEEL SUFFICIENT RISK IS THERE TO WARRANT A SELLOFF AT THIS TIME. WHILE PRICE...

Mon March 4

Metals starting to shine, and Materials sector has achieved a minor breakout

PUSH BACK TO NEW HIGHS LAST WEEK IN SPX, QQQ KEEPS THE NEAR-TERM UPTREND INTACT, WHILE EQUAL-WEIGHTED S&P 500 AND NASDAQ COMPOSITE ALSO SUCCESSFULLY ACHIEVED THEIR OWN RESPECTIVE ALL-TIME HIGH...

Fri October 27, 2023

Gold Miners should shine as Gold pushes back to new highs

US EQUITIES STILL DON’T APPEAR TO BE AT SUPPORT, THOUGH THIS IS GROWING CLOSER AND COULD MATERIALIZE INITIALLY NEXT WEEK GIVEN THE COMBINATION OF OVERSOLD BREADTH, WORSENING SENTIMENT, AND A...

Thu August 10, 2023

Technical reasons why an Equity low is near

Schedule Update: I will be traveling on Friday (8/11) and there will be no Daily Technical Report nor Technical Video published. Daily technical strategy will resume on Monday 8/14. MARKETS...

Fri July 28, 2023

BOJ move sparks JGB decline and China, Gold breakout

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT THURSDAY’S DECLINE FAILED TO RESULT IN ANY DOWNSIDE FOLLOW-THROUGH FOLLOWING THE BOJ DECISION.  NEAR-TERM, AN SPX-4500-4620 RANGE STILL LOOKS...

Thu July 27, 2023

Quick reversal suggests a Short-term market peak is likely in place

US EQUITY MARKETS LIKELY COULD BE PEAKING OUT AND THURSDAY MIGHT HAVE OFFICIALLY SERVED AS THE TECHNICAL CATALYST FOR CONFIRMATION.  US AND EUROPEAN SOVEREIGN YIELDS ALONG WITH US DOLLAR INDEX...

Wed July 12, 2023

Treasury rally sparks Gains in Metals, while Semis break out

TREND BULLISH- EXPECT RALLY UP TO SPX 4515-25 INITIALLY IN THE SHORT RUN,  WHILE QQQ LIKELY TO REACH 375-6 BEFORE POSSIBLE STALLING OUT;  AT PRESENT, NEAR-TERM TRENDS REMAIN BULLISH Wednesday’s...

Fri July 7, 2023

US Dollar has begun its decline back to new 2023 lows

TREND BULLISH- EXPECTING THAT MINOR PULLBACKS SHOULD PROVE SHORT-LIVED AHEAD OF PUSH HIGHER BACK ABOVE SPX-4500 This week’s churning in US Equities can’t yet be called complete, but a rally...

Fri June 30, 2023

Treasury yields near resistance after a historic 1st Half

TREND BULLISH- S&P 500 CLOSED AT THE HIGHEST LEVELS SINCE LAST APRIL AS THE BROADENING OUT OF THE US STOCK MARKET RALLY CONTINUES. EXPECT CONTINUED GAINS INTO MID-JULY June closed...

Tue April 4, 2023

Precious metals break out along with Ethereum

The minor stalling out in US Equity indices after four straight days of gains doesn’t equate to any sort of market top, technically speaking, and near-term patterns remain bullish for...

Tue March 28, 2023

Commodity trade starts to kick into gear

Equity indices continue to grind in the short run, and near-term trends over the last week have been neutral as part of the downtrend from early February. SPX is guided...

Fri March 17, 2023

“Metal Health will drive you mad” Further strength likely in Metals

Despite Friday’s drawdown, US Equity indices are higher on the week with the NASDAQ 100 having enjoyed the best week of the year.  Stocks like $AAPL broke out to new...