If you take the US Dollar out of the equation, it’s a much different story for Gold.
While Gold continues to struggle below its 2011 highs, when priced in other currencies, it’s been consolidating well above those former highs. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
If you take the US Dollar out of the equation, it’s a much different story for Gold.
While Gold continues to struggle below its 2011 highs, when priced in other currencies, it’s been consolidating well above those former highs. [Read more…]
by JC
This is the video recording of the October 2021 Conference Call.
by JC
Those angry little gold buggers are finally starting to put some points on the board.
The lack of participation in Gold since last Spring has been something to witness. Every commodity on earth has skyrocketed, except for gold and other precious metals.
My argument is that maybe it’s behaved that way because it’s not a commodity. Maybe it’s more of a currency, something I’ve always argued.
Right or wrong, call it whatever you want, it has done poorly since last summer of 2020.
And with the Dollar as strong as it’s been, Gold has really taken a beating.
But not lately….
Can we call it a comeback?
You see, with new highs in the US Dollar this month, Gold did NOT make new lows. That bullish divergence is the first sign of life we’ve seen out of this thing for a while.
Here we’re looking at the US Dollar (inverted) using the $UDN ETF to help visualize it. And below that is the price of Gold, NOT making lower lows: [Read more…]
by JC
This is our ASC Research Q4 2021 Playbook.
With the current market environment giving us many mixed messages, what better time to dive in and see what’s happening underneath the surface?
by JC
One thing unique about the market is that the game is never over. There aren’t four 15-min quarters or two 20-min halves like in sports.
In those endeavors there is a beginning and an end.
You know who won (or who tied in some cases). But the match is over, and there will be another one in a few days or a few months, depending on the sport.
In the market, it never ends. This can cause issues psychologically, so it’s something we should all be aware of and keep in mind.
But if you ask me, currently the bulls are scoring a lot more points. This is the first time we’ve seen that since Q1 this year, when the bears started running up the score.
Look at the S&P500 break out to new all-time highs relative to US Treasury Bonds. [Read more…]
by JC
On this episode of the podcast, Steve Strazza and I sit down with Brian G, who many of you will recognize as @AlphaCharts on Twitter.
I’ve been following Brian for many years and love a lot of the work he puts out. It was really fun hearing his story about how he became a technician.
It isn’t something that happens overnight, that’s for sure. It’s a process.
First we get into the evolution of become a Technical Analyst, and then we dive into what we’re doing about it in the current environment.
Hope you enjoy!
by JC
This is the video recording of our October 4, 2021 Monthly Charts Live Strategy Session
by JC
Every year in the Spring we hear about “Sell in May and Go Away”.
And this year that would have worked out well for you. That’s when the NYSE Advance-Decline line peaked. That’s when the NYSE stocks really began their drawdowns. That’s when the new 52-week high list peaked on the NYSE.
It’s when all the Cyclicals stopped going up:
But this seasonally weak period is coming to an end soon. [Read more…]