An Important Week for Gold, and Gold Stocks
Gold and bonds are checking major support levels…
Important Test for Gold
Watch for a test of these key levels…
No Breakdown Yet
The benefit of the doubt still belongs to the bulls we believe as long as the major indexes don’t ALL break below the levels of 11/28.
Some Important Moves Being Made
Since this summer I’ve been somewhat cautious on the market…
US and global markets continue to run
US and global markets continue to run on the upside…
Market testing up trend from July lows
Last week we reviewed the important levels that a number of asset classes and indexes were testing.
A number of critical areas
Oil and gold are both bouncing off of significant support levels…
Tale of two techs: software vs semis
We can see this dichotomy being reflected by the technicals of the markets by looking at the differing behavior of semiconductor versus software.
Watch large-cap stocks and the bonds closely
Minutes from the last FOMC meeting warn that investors have been overly optimistic with regard to how quickly rates will be cut.
The Dow tests record highs
We remain more enthusiastic about bonds than stocks on the whole going into a slowdown…
The current market action is important
The short-term activity of the S&P and major indices may yield important clues as to future action here.
Commodity leaders break down
For the last couple of weeks I’ve been encouraging investors to focus attention on the potential breakdown in commodities and commodity stocks…