Yes you read that right.
Dog Wif Hat is now worth over $4.6 Billion in market cap.
And to be clear, it is literally just “a dog wif a hat”. There’s nothing else to it. Check out the “white paper” for yourself. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Yes you read that right.
Dog Wif Hat is now worth over $4.6 Billion in market cap.
And to be clear, it is literally just “a dog wif a hat”. There’s nothing else to it. Check out the “white paper” for yourself. [Read more…]
by JC
Gold just went out at a new all-time high. That’s over $2250 for an ounce of Gold. The most ever.
And it shouldn’t be that surprising really. Gold has already been making all-time highs priced in other currencies like Euro, Pounds, Yen and Rupee, among many others.
Now Gold is making new all-time highs priced in US Dollars as well.
Notice how Gold and Copper don’t move in different directions for too long historically.
This isn’t just a Gold thing. This is a metals thing. [Read more…]
by JC
There are 3 big divergences right now that I think we want to keep a close eye on.
The first ones comes straight from Papa Dow.
We’re looking at a classic Dow Theory Divergence between the Dow Jones Industrial Average and Dow Jones Transportation Average.
We’ve seen these sorts of things before major market tops. You saw it in 2000, you saw it in 2008, you saw it in 2015 and you saw it in 2020.
In this particular case, you’re seeing new highs from the Dow Industrials but lower highs in the Transports: [Read more…]
by JC
That was the highest weekly close for the US Dollar Index since early November.
The trend has been higher for the US Dollar throughout the entire 1st quarter of 2024.
Remember, the Dollar bottomed towards the end of December in 2023.
So how much higher can the Dollar go? [Read more…]
by JC
There hasn’t been much going on in the new lows lists this year.
As I’ve mentioned here plenty, you cannot have a market correction, mathematically, without the prices of stocks falling.
Well, there’s been some action in the short-term new lows recently with Technology leading the way.
Half the Large-cap Tech stocks just hit new 10-day lows, and Technology has seen the most amount of new 1-month lows of any sector.
Small-caps have struggled the most: [Read more…]
by JC
This is the video recording of the March 2024 Mid-month Conference Call.
by JC
Over the weekend I found myself having to remind someone that the U.S. Bond Market is crashing.
I know many of us have just grown accustomed to the bond market crashing all year, every year.
But this isn’t just something to dismiss, like many investors have apparently found themselves doing.
This is the biggest bond market crash in our lifetimes. [Read more…]
by JC
Are you prepared for a market environment where Commodities are ripping higher and stocks continue to struggle?
Don’t worry, most people are not.
In fact, so few people are prepared for this line to go up, and so much pain will be felt by so many (investors or otherwise), that this is exactly the outcome I’m betting on. [Read more…]