I made a brief video this evening to quickly run through some key charts I’m following and where I see the big picture trends.
In energy, I cover crude oil futures, $XOP and $XLE.
In precious metals, I cover the charts of gold, silver, platinum, and palladium futures, as well as the S&P/Gold ratio. In mining stocks I review $GDX, the GDX/GDXJ ratio, Newmont Mining ($NEM) and Pan American Silver ($PAAS).
For currencies, I stick to the US Dollar ($DXY), looking and both daily and long term monthly charts.
In fixed income, I review the 20-year treasury ETF ($TLT), mortgage backed securities ($MBB), and high Yield corporate debt ($JNK)
In equities, I take a quick look at the S&P500 and and the micro caps ($RUMIC).
As always, I hope this is helpful, and I welcome any feedback or questions. Have a great weekend!
I am the founder of fibonacci.com and an avid trader. I am also the co-founder of Texas Precious Metals, a top US precious metals company. In 2006 I was a contestant on The Apprentice with future president, Donald Trump. I live in Coeur D'Alene, Idaho, with my wife and five children, where I spend my time hiking, charting, and changing diapers.