From the Desk of Ian Culley @IanCulley
Searching for trending markets?
Look no further than US treasury bonds!
Bonds across the curve are skidding to fresh contract lows as interest rates have a one-track mind…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Searching for trending markets?
Look no further than US treasury bonds!
Bonds across the curve are skidding to fresh contract lows as interest rates have a one-track mind…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Sellers beware!
The US Dollar Index $DXY is kicking ass and taking names.
The dollar has ripped higher ever since the July failed breakdown.
It’s now challenging fresh six-month highs and a critical former resistance area.
An upside resolution for King Dollar will undoubtedly pressure risk assets – not the ideal scenario for stock market bulls.
And the dollar rally has plenty of room to run if the DXY is a reliable indicator…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Precious metals represent an opportunity cost.
The entire complex – gold, silver, platinum, and palladium – has gone nowhere for the past few years.
Yet I can’t overlook the resilience of gold and silver as interest rates and the US dollar rise – two significant headwinds for these shiny rocks.
Perhaps they deserve the benefit of the doubt.
I believe they do.
But extending these lackluster metals with a favorable outlook does not equate to taking a long position.
It’s far from it.
Price must prove buying precious metals offers a rewarding proposition.
The following two intermarket ratios will undoubtedly rise if and when it does.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Stock market bears and tech bros are whining in the corner as energy outperforms.
Haters can hate all they want…
Energy marks the spot when it comes to stocks.
Spencer and I discussed it on Wednesday’s “What the FICC?” episode, highlighting the absolute and relative uptrends across the space.
Energy is clearly resuming a leadership role in stock and commodity markets. But crude oil isn’t the only commodity exhibiting strength.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Markets fluctuate to a relentless beat driven by fear, greed, and an incessant newsfeed.
Sometimes, they trend.
But, more often than not, they churn sideways.
Unsurprisingly, “sideways” best describes most markets today.
The S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average have gone nowhere in three months.
Regardless, one uptrend remains intact…
by Ian Culley
Energy stocks and commodities remain front and center.
Our equity plays are running toward our upside objectives. Natural gas is attracting a bid. And bulls are eyeing $100 crude.
With that as our backdrop, we reviewed the energy space on yesterday’s “What the FICC?” episode.
And it appears the next leg higher for crude and its crew has commenced…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Equities like a deadstick dollar.
But stocks can’t always get what they want – or “like.”
A swift 5 percent gain in the US Dollar Index $DXY was not on the S&P 500’s wish list.
Yet that’s what the dollar served up following its mid-July failed breakdown.
Unsurprisingly, stocks have struggled since, peaking less than two weeks after the dollar posted its year-to-date low.
The DXY is now challenging a critical overhead supply level as dollar bulls have once again lowered their horns.
But will they finally hook ’em by the end of the week?
by Ian Culley
From the Desk of Ian Culley @IanCulley
Precious metals deserve the benefit of the doubt.
These shiny rocks are in the early stages of their next secular bull run. But I won’t let my bullish bias detract from the obvious: Gold has seen brighter days.
Overhead supply dominates the charts while risk appetite cools and prices fall toward critical support levels.
Is it time to buy the dip?
No, especially as investors focus on more attractive investments…