Circle This Level on the S&P 500 (Your Market Video Update)
The S&P 500 so far has failed to produce a significant oversold bounce and remains in a two-week mini trading range. There is one specific level we are watching for the S&P 500 to pierce in order to increase the odds of a more significant bounce. Watch Serge’s short video.
Gold – Still Bullish But Expect A Correction (Your Market Update Video)
We have been very publicly bullish gold since late summer 2023 and the yellow metal has indeed rallied a sharp 65% since then. While we see much higher gold prices ahead still through a multi-quarter/year lens, in the near term we are seeing increasingly frothy bullish sentiment and a technical level that may call for […]
Energy Stocks’ Breakout Attempts (Your Market Update Video)
The energy sector of stocks year to date is the leading performer in the S&P 500, massively outperforming technology and consumer discretionary stocks. Our Market Rover trend tracker software is now signaling fresh breakout attempts on the part of energy stocks that could lead to another leg higher.
COPX Momentum Breakout (Your Market Update Video)
Copper miners (COPX) are beginning to show promising upside momentum. Watch Serge’s short video.
Is Gold the New Nvidia? (Your Market Update Video)
The 18month rally in gold thus far is impressive to say the least, in particular if we consider the low volatility of the rally. Gold is a trend following story, much like NVDA was for several years. Watch Serge’s short video.
S&P 500 Update – Hold or Fold Moment (Your Market Video Update)
The S&P 500 is now -10% from its all time highs and at key levels. If a much overdue short term bounce does not come to fruition soon, next downside support is another -7% to -10% from here. Watch Serge’s short video.
AAPL Longer Trend Breaking – Short Term Bounce (Your Market Update Video)
Shares of Apple (AAPL) on our trend following algorithm have now broken down from their longer standing bullish trend. While AAPL is increasingly looking immediate term oversold and due for a possibly sharp bounce, we would see that bounce as an opportunity to sell into. Watch Serge’s quick video.
Base Metals via DBB are Waking Up! (Your Market Update Video)
Gold has been on a significant rally for more than 18 months already, but now we are seeing base metals waking up as well in a meaningful way. Watch Serge’s short video.
TSLA – Bearish Momentum Getting Extreme (Your Market Update Video)
TSLA stock has now fully round-tripped its post election rally. While the stock remains in near term bearish momentum, it is finally nearing better support areas where sellers could get exhausted. This is a process, not a one day event.
The US Dollar Is Flashing A Larger Warning Sign (Your Market Update Video)
Early this year the dollar index reached an overbought level only ever seen twice in history since 1910. Both times it this had significant consequences and led to a major shift for risk assets. Watch Serge’s short video.