Give Me Gold And Silver for Christmas

The stock market has floated higher on the good tidings of easy monetary policies around the globe. The Federal Reserve recently suggested that it will be on hold for the foreseeable future. These accommodative conditions are positive for precious metals, but both gold and silver topped out in early September. In hindsight, the run-up into … Read more

Buyers Quickly Shut the Window Of Opportunity for Stock Market Bears – Above the 40 (October 4, 2019)

AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.5% of stocks are trading above their respective 200DMAsVIX = 17.0Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry The bull market remains very much alive. When AT40 (T2108), the percentage of stocks trading above their respective 40-day … Read more

New Pressures for the Stock Market Despite Fade in Concerning Signals – Above the 40 (September 27, 2019)

AT40 = 61.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.8% of stocks are trading above their respective 200DMAsVIX = 17.2Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Conditionally Bearish Breakdown Friday’s trading action triggered my prime condition for flipping bearish. AT40 (T2108), the percentage of stocks … Read more

A Concerning Set of Signals: Gold, Silver, Bonds, and Currencies

The Australian dollar vs Japanese yen (AUD/JPY) enjoyed just a brief 50DMA breakout and now looks poised to retest recent lows.

The economic data continue to worsen in Europe. While it is difficult to find signs of concern in U.S. markets, wariness is etched in a few key corners of financial markets. Precious Signals Notably, the precious metals gold and silver look ready for a fresh upward push. Gold and silver can perform well in times … Read more

An Obvious Stock Market Breakout Leaves Open Questions – Above the 40 (September 6, 2019)

AT40 = 49.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.0Short-term Trading Call: neutral Stock Market Commentary One Obvious Pattern to Another The S&P 500 (SPY) and the NASDAQ (COMPQX) transitioned from an obvious trading range to an obvious … Read more

From Loitering to Breakout: Stocks Look for Bad News Worthy of Rate Cuts – Above the 40 (June 21, 2019)

AT40 = 53.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.3% of stocks are trading above their respective 200DMAsVIX = 15.4Short-term Trading Call: neutral Stock Market Commentary The stock market is officially in bizarro world. The stock market is breathlessly rallying in anticipation of rate cuts that will come … Read more

Rate Cut Promises Rescued A Stock Market Near Oversold – Above the 40 (June 7, 2019)

AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.8% of stocks are trading above their respective 200DMAsVIX = 18.9Short-term Trading Call: cautiously bullish Stock Market Commentary From opening at the edge of oversold trading conditions to closing on near panic buying, last week was a wild week! … Read more

Above the 40 (May 15, 2019) – Stock Market Flips from Bullish Support to Bearish Resistance As Signals Compete

AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.4% of stocks are trading above their respective 200DMAsVIX = 16.4Short-term Trading Call: neutral Stock Market Commentary Over the weekend, I wrote about a “constructive stock market” as a reference to the stock market’s consistently positive responses to U.S. vs … Read more

Above the 40 (April 18, 2019) – Exhausted Buyers and Reluctant Sellers Make A Stock Market Dribble

AT40 = 58.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.5% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: bearish Stock Market Commentary The S&P 500 (SPY) ended the previous week looking ready to lunge for its all-time high. Surprisingly, buyers decided to take a rest, … Read more

The Federal Reserve Gives Gold A Good Heave Upward

“The federal funds rate is now in the broad range of estimates of neutral–the rate that tends neither to stimulate nor to restrain the economy. As I noted, my colleagues and I think that this setting is well-suited to the current outlook, and believe that we should be patient in assessing the need for any … Read more