Research

Silver
07
May

Silver Pressing Up Against Triple Resistance

Silver has been consolidating into a bullish falling wedge, but is now pressing up against falling channel resistance, horizontal resistance (prior support) and the 200-day moving average. This triple resistance is a formidable Maginot line.
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1999 Returns
06
May

Rhyming Like Its 1999?

As the S&P500 and Dow Jones press up against all-time highs, market prognosticators are split on whether we should expect a melt down or melt up in equity prices. In a recent interview on RealVision, Kevin Muir of The Macro Tourist and Tony Greer of TGMacro discuss the current market environment and delve into MMT...
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Dollar
02
May

$DXY Dollar Decision Time: Up or Down from Here?

The Dollar Index ($DXY) has been attempting to break the 98 Level for two years, pushing up against it five (!) times before finally breaking through (albeit briefly) the last week in April. The 98 level is significant also because it represents the 61.8% Fibonacci retracement from the January 2017 peak to the February 2018...
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Oil Chart
29
Apr

$WTI $CL Oil Bulls Still in Control

Despite the fierce drop in oil last Friday, I am still of the opinion that the trend remains up. As long as the oil price remains above $59, I would argue that bulls are in charge. The chart above depicts the trend channel that oil has been trading in since breaking out from the lows.
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Lumber Futures
26
Apr

Lumber Futures Testing Key Area of Support

The precipitous decline in lumber prices from the 2018 peak presaged the huge decline in equities in the fourth quarter, while the subsequent rebound also foreshadowed the rebound in equities at the beginning of this year. Therefore, it is understandable why lumber's fall year-to-date has many concerned that equities, which have consistently lagged lumber prices,...
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Koyfin
25
Apr

Koyfin: No Stickers Required

I find it entirely mystifying that a large percentage of us are still monitoring market data using archaic GUIs that are relics of the Reagan administration. Seriously. Why do so many platforms still have Atari graphics and antiquated interfaces?
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SP500 Divided by Copper
23
Apr

S&P500 vs. Copper Ratio Breaking Out

The S&P500 is trading at all-time highs relative to commodities. The commodities sector is therefore an attractive area to investigate for relative value and the potential for outperformance versus equities. In my research, the most compelling chart is the ratio of the S&P 500 to copper (a.k.a "Doctor Copper").
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CBRE
18
Apr

$CBRE Testing Support of All-Time Highs; Headed to $56?

The Real Estate Sector is flush with stocks either breaking out to new all-time highs or pushing to get there. I'm taking a closer look here at $CBRE, a commercial real estate services and investment firm. The stock has rallied hard after a double bottom in October and December of last year, broken out to...
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Mortgage Rates
18
Apr

30-yr Fixed Rate Mortgages Testing Key Support

If you're in the market to purchase a home, what happens here with mortgage rates, which broke out late last year from a 30-year downtrend, might impact the timing of your purchase. Rates have been falling since the December Fed rate hike, but if support of the falling trend line holds, this would would signal...
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16
Apr

$ANSS Ansys Testing All-Time-Highs

I'm watching the engineering software company, Ansys, very closely for a definitive break of the $191 level, which represents the all-time highs from last September. A break here would target the $220-$223 level at the 161.8% Fibonacci retracement.
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