European Financials have been a mess for over a decade. In fact, they never really recovered from the 2008 Financial Crisis. However, the chart suggests they could be ready to rally. Dana Lyons shared this chart on Twitter today. It’s a daily candlestick chart of the Europe STOXX Bank Index. As you can see, the […]
Can Copper Rally Here?
Copper futures are at a pretty interesting spot right now. Several bearish patterns have formed on the weekly chart and sentiment is extremely negative. Yet, price hasn’t broken down and it continues to trade above support. Copper is an important industrial metal used in construction, machinery, electrical equipment and more. Because of its numerous industrial applications, […]
Marijuana Massacre
Pot stocks have taken a nosedive this year. The largest ETF that tracks the Marijuana industry group, $MJ, hit an all-time low today and has fallen 47% in the past 12 months. It’s a sea of red regardless of what time frame you’re looking at. Just a year ago, sentiment around these stocks was euphoric. There was […]
Gold Forming This Ominous Chart Pattern
Gold has had an impressive run this year. It’s up 25.35% over the trailing twelve months, while the S&P 500 is only up 2.59% over the same period. However, several traders and analysts have pointed out that Gold is forming a head and shoulders top on the daily chart. Gold futures are currently down over […]
Seasonal Headwinds
Seasonality is not a perfect science. However, it can be helpful to be aware of the times of year that have been historically weak/strong for the market on average. (Don’t worry, I won’t torture you with a cliché quote about history repeating itself.) So far in 2019, stock market seasonality has served as a reasonably […]
