ClearValue Team Insights
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Inverted Yield Curve Raises Concerns for a Recession
Bears have been getting ridiculed for being bearish throughout this record-breaking bull rally. While I don’t agree with the permabear approach, I think there will be a day where this inverted yield curve has a sharp rise and bears will get the last laugh. I did not think there would be a crash in 2023 […]Read More
XOM Breaks $109.70 Resistance, $119 Next Key Target
$XOM had a bullish break above the $109.70 light blue resistance line. I have fully exited my XOM position because I think the price action has been very slow, and I prefer other better opportunities. The next key price target is the red resistance line at $119, which is the resistance for XOM’s previous all […]Read More
SLV Attempting a Bullish Breakout Above 11-year Resistance Line
$GOLD already formed new all time highs, and $SLV is showing some bullish strength here as well. This was a scenario discussed in my last market update video with GOLD leading the rally for commodities and SLV lagging behind. SLV had numerous failed attempts to breakout here so I would monitor the price action carefully. […]Read More