Gold bulls want to see King Dollar weakness here!
Gold for nearly a decade (2000-2011) was much stronger than the US Dollar, reflected at (1) below. Once this ratio peaked in 2011, it has created a series of lower highs along falling resistance (2) in the chart below. CLICK ON CHART TO ENLARGE A counter trend rally...
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This mining stock much stronger than GDX!
The past year has been rough for Gold Mining stocks, as Gold Miner ETF (GDX) has declined over 30%, in the chart below. Below compared GDX to Freeport Mcmoran (FCX) over the past year, reflecting a large difference in performance. CLICK ON CHART TO ENLARGE Over the...
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Tesla- Testing key support after 100% rally, says Joe Friday
Tesla has been white hot this year, influencing the Nasdaq and broad markets in a positive way. The rally took Tesla to a key Fibonacci level of late, where it stopped on a dime and headed south fast. Below looks at this key Fibonacci extension level and how it is...
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Emerging Markets about to Submerge?
Emerging Markets (EEM) has done well this year, gaining over twice as much as the S&P 500 (17% -vs- 7%). These gains have Emerging markets facing resistance dating back to the highs in 2008 and a couple of other important resistance lines in the chart below. CLICK...
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For Growth to take place, this must hold, says Joe Friday
At the beginning of the year, it was easy to find people discussing the idea that reflation/growth was going to take place in the economy and many positioned portfolios accordingly. Now that we find ourselves at the mid point of the year, we wanted to take a look at...
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Time to Short Tech & Long Small Caps?
Tech has been a market leader for many a year, as it has been much stronger than the broad market and small caps. Could this trend be about to change? Whether it changes or not, Tech does face a key Power of the Pattern test, at this time! Below looks at the Nasdaq...
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Think Small- Bullish breakout for Micro Caps!
So far this year, Small & Micro Cap ETF's are lagging the S&P 500. Over the past month the opposite is taking place, as small and micro caps have been stronger. Below takes a peak at micro cap ETF (IWC) and the potential bullish pattern it is attempting to...
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Coffee; Been cold of late, about to heat up?
Coffee has been anything but hot of late! Actually it has been pretty cold performance wise, as it has declined over 25% the past few months. Could this large decline become an opportunity? Could be, due to the pattern below. CLICK ON CHART TO ENLARGE The large...
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Matter government bond is stronger than S&P 500?
Stocks have done well this year and the past 90-days. Which would you rather have owned the past 90-days and Year to date, the S&P 500 or Bond fund ZROZ? Below looks at the performance of the S&P and ZROZ over the past 90-days. CLICK ON CHART TO ENLARGE Over...
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S&P 500; 6-months divergence continues here!
When it comes to S&P 500 ETF's, they may be equal (who stocks they own), yet they can be much different when it comes to performance. Below compares the Equal Weight S&P 500 ETF (RSP) to the S&P 500 (which is Cap Weighted), since the 2009 lows. Which ETF...
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