From the Desk of Ian Culley @IanCulley
Commercial hedgers are taking an interest in the Canadian dollar.
The CFTC has finally updated its records after the recent data breach.
And, as expected, we have some extreme positioning on our hands…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commercial hedgers are taking an interest in the Canadian dollar.
The CFTC has finally updated its records after the recent data breach.
And, as expected, we have some extreme positioning on our hands…
by Ian Culley
Fresh two-year highs for the Gold/SPX ratio stand out this week, as gold outperforms its alternatives. It doesn’t get much more bullish than fresh absolute and relative highs.
With that as our backdrop, I had Jason Perz @JasonP138 of Against All Odds Research on the show to share his view of the precious metals space. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Money flows to where it’s treated best.
That’s the foundational premise of relative strength studies.
Remember, we always want to buy the strongest and sell the weakest. It sounds simple. But it’s impossible to overstate its importance.
One of the best ways to increase our probability of success is to buy assets that are trending higher on absolute terms while outperforming their alternatives.
Those are key ingredients of a strong uptrend. And it just so happens that gold checks both boxes…
by Ian Culley
From the Desk of Ian Culley @IanCulley
I can’t think of a better time to review the major commodity indexes.
The rising rate environment is reversing, and it’s taking commodities with it.
Let’s dive in and see what’s going on in the space! We also need to check in with a key intermarket ratio, revealing where we want to position ourselves in the coming months and quarters.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The Federal Reserve handed down a 25-basis-point rate increase on Wednesday.
And Fed Chair Jerome Powell implied an impending pause in the hiking cycle.
You know what this means…
It’s time to buy the four “Bs” – Bonds, Bitcoin, Big-Tech, and Bullion.
JC and Strazza talked about it on Pardon the Price Action earlier this week.
Today, I’ll highlight bonds with a couple key levels to trade against as we add these assets to our portfolios.
by Ian Culley
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Fed Chair Jerome Powell spoke this afternoon after the central bank announced a 25-basis-point rate hike.
The fed funds futures were all over the place, from pricing in a 25-basis-point increase to a double-hike. They settled in around a single hike, with a slim chance of a pause.
Exhausting!
It’s clear we can expect increased volatility going forward.
But, instead of guessing the Fed’s next step or parsing Powell’s words, I’ll rather sit back, wait, and prepare to trade a decisive breakout.
When I think about the latter stages of the hiking cycle or a potential pause, my mind immediately turns to one currency in particular…
by Ian Culley
Buyers taking control of a market heading into the weekend exude confidence. And Gold bugs have done it two weeks in a row now and counting, as they reclaimed the former 2011 highs.
So what’s next for precious metals?
Well, if Gold priced in other major currencies is any indication (which I think it is), it looks like new all-time highs. [Read more…]