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SLV Attempting a Bullish Breakout from 13 Year Resistance Line
$SLV is showing some solid bullishness into the red resistance line, which has been a key resistance target dating back to April 2011. This will be a very important 13 year resistance level for SLV to break, and I have the two white trendlines as key price targets if SLV does form a bullish breakout […]Read More
GOLD Bullish Breakout & Key Price Targets
$GOLD has been extremely bullish, and has successfully flipped the light blue resistance line into support. GOLD is at new all time highs, and I think GOLD will trend up to $3k+ price levels. I have these key fibonacci price targets to monitor on the way up, I’m sure there will be dips and pullbacks […]Read More
OXY Update – Bullish Breakout and Key Resistance Target Ahead
Cheers to those who took the OXY trade. This was a trade I posted based on Warren Buffett’s portfolio, which reveals he has a 30% stake in OXY. There was a bullish pennant forming between the two light blue trendlines, and more recently OXY is having a bullish breakout above the bullish pennant. There is […]Read More
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
Against The Tide: The Contrarian View On Fed Rate Cuts
Following the Federal Reserve’s recent decision to keep rates unchanged and the suggestion of future rate cuts later in the year, there’s been a prevailing sense of optimism among many investors, with reassurances that these anticipated rate cuts will materialize eventually. However, Vanguard is offering a different view point as they are suggesting that the […]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
A recommendation.
It would certainly be helpful if the posts and contend on this site would be dated. I get tired of reading recommendations and never know how old they are. Help us to know what is new vs stale info and recommendations.
Read MoreSLV 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
GOLD Retesting Resistance as Support
GOLD has been extremely bullish as inflation starts to rise again. I have been bullish on GOLD for 2024, and we have reached new all time highs pretty quickly into the year. GOLD already broke above the last key resistance level at this light blue trendline, and is retesting this resistance as support here. If […]Read More
NASDAQ 100 Surges Beyond Bullish Channel: A Warning Sign of Over-Concentration
Here’s the NASDAQ 100 1-hour chart tracing back to the October 2023 bottom. Notably, this is the first instance since that October low where the NASDAQ has surged beyond the resistance level of its bullish channel. It’s important to note that the second bullish channel, which took shape after the April bottom, has a steeper […]Read More
Comprehensive Analysis of Market Breadth in Relation to the S&P 500 Index (SPX)
The chart provides a comprehensive analysis of market breadth in relation to the S&P 500 Index (SPX) as indicated on the CBOE. The chart is divided into two main sections: Top Section (Market Breadth Indicator): The top part of the chart displays the market breadth indicator, which measures the number of stocks advancing versus those […]Read More
Divergence Alert: S&P 500 Hits New Highs While Dow Components Lag, Echoing Pre-September 2021 Sell-Off Pattern
At the top, we have the Dow Jones Industrials, in the middle is the Dow Transports Index, and at the bottom is the S&P 500. This rally in May and June is the first I’ve observed since September 2021 where the S&P 500 is hitting new highs, but both Dow Jones components aren’t keeping pace. […]Read More