David Keller, President of Sierra Alpha, was on TD Ameritrade’s Morning Trade Live with host Oliver Renick this past Thursday where they discussed the S&P 500 trading levels, breadth, momentum and Gold. To begin, David and Oliver hit on the overall indecision and lack of clarity in terms of the lack of direction in the […]
4 Charts on Why Carter Worth is Bullish Gold
Carter Worth, Chief Market Technician at CNBC, was on Fast Monday Friday afternoon discussing Gold. Carter previously mentioned a bullish trade in Gold back in December, which proved right. Yesterday he was back to give the crew an update on his thoughts. Carter notes Commodities, especially in recent years, have traded much worse than imagination […]
Junior Miners versus Miners
Earlier this week, Chris Kimble of Kimble Charting shared his thoughts on the relationships between GDXJ (Junior Gold Miners) and GDX (Gold Miners). As he points out, the ratio between these two is an important one to monitor in regards to the overall Mining and Precious Metals sectors. But why exactly is it important? In […]
Gold Shining on the Miners
Gold has been relatively strong lately, and today it closed at its highest level since May. It currently trades around $1,315 an ounce. It isn’t just gold that has been showing strength lately but rather, the entire metals space in general. Palladium, another precious metal has been making all-time highs as we highlighted a few […]
David Keller, CMT on Why the S&P 500 is Headed Lower
David Keller, CMT, is the president and chief strategist of Sierra Alpha Research, a technical analysis research firm. Previously, Keller was managing director of research at Fidelity. This week, he made an appearance on Bloomberg along with host, Abigail Doolittle. He presented three charts that suggest the next move for the S&P 500 is lower. He […]