Friday was a great day in my life. Not only did we get new Weekly Charts, as we normally do on Fridays, but we also got a fresh batch of Monthly Charts to analyze as well. These are all great developments for a team like ours, so driven by data. It’s like a little mini-Christmas of data, for us to dive in to.
“Whenever in doubt, Zoom out”, is how I learned it. The beauty of Monthly Charts is that it makes it impossible to ignore the primary trends. And that’s what this is all about.
I like taking notes when I’m doing my chart reviews, Monthly’s or otherwise. Here are a few things that stood out:
First of all, the Nasdaq Composite went out at new all-time highs, US 10yr Treasury Bond Futures went out at new all-time highs, and Gold & Silver went out at new multi-year highs.
My question here is, Who’s NOT making money in this environment?
Also on the new all-time monthly closing high list: [Read more…]