It’s about to get aggressive for gold, in terms of immediate and exciting upside. There’s little to no resistance above. The word that keeps coming to mind, is: truculent. We remain confident buyers of Gold. $GLD $GDX pic.twitter.com/3tGRWpNp7M — Carter Braxton Worth (@CarterBWorth) June 24, 2020 Today’s Chart of the Day was shared on Twitter […]
Daily Chart Report 📈 Monday, March 9th, 2020
Sponsored By: Today’s Summary Monday, March 9th, 2020 Indices: US stocks had their worst day since the 2008 Great Financial Crisis. Trading was halted for 15 minutes this morning after the S&P 500 reached limit down (-5%). The Dow Jones Industrial Average closed lower by a whopping 2,014 points or 7.79%. The S&P 500 and Nasdaq plummeted 7.60% and 7.29%, respectively. The Russell 2000 was […]
Daily Chart Report 📈 Tuesday, February 25th, 2020
Sponsored By: Today’s Summary Tuesday, February 25th, 2020 Indices: US stocks extended yesterday’s losses with the Dow Jones Industrial Average falling 879 points or 3.15%. The S&P 500 and Nasdaq closed lower by 3.03% and 2.77%, respectively. The Russell 2000 was the weakest of the major indices, dropping 3.45%. Sectors: All 11 sectors closed lower by more than 1% for the second day in a row. […]
Following the Leaders in Asia
In general, World Equity markets have been grinding consistently higher since October with very little volatility. In the past week or so this has changed as many Indexes in Asia, particularly China’s Shanghai Composite, have endured some real structural damage. While the recent pullback is being attributed to the onslaught of negative headlines related to […]
Be Cautious of Cap Weighting
We’re always looking for different ways to measure the animal spirits responsible for driving markets higher or lower. In many cases, we do this by examining the risk appetite of one asset class relative to another through a variety of intermarket and ratio analysis. Today we’ll look at the oft-cited Consumer Discretionary Sector SPDR ($XLY) […]
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