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Speculators Add to Expectations for Higher Gold and Silver
The SPDR Gold Trust (GLD) accomplished a major milestone in the past week: it fully reversed its entire post-election loss in what looks like a major breakout. The SPDR Gold Trust (GLD) broke out to a...
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A Recharge for the Canadian Dollar Bull
A little over a week ago, I explained why I put the Mexican peso and the Canadian dollar (FXC) on shorter leashes. Canada’s extremely strong second quarter GDP report at the end of August just loosened...
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U.S. Concrete: A Missed Opportunity
When I described U.S. Concrete (USCR) as a strong play on the U.S. economy, I noted I would wait for a dip in the stock before picking a spot to buy. That opportunity came a lot faster than I expected...
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Above the 40 (September 11, 2017) – The S&P 500 Hits Fresh All-Time High On...
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.1% of stocks are trading above their respective 200DMAs VIX = 10.7 (down 11.5%) Short-term Trading...
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U.S. Concrete: The GDP Rally Fully Reverses
Getting a second opportunity at a great set-up is rare in the stock market, but U.S. Concrete (USCR) may be offering just such a second chance. On September 3rd, I lamented missing an opportunity to...
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Above the 40 (September 22, 2017) – Apple Falls from the Tree, the Stock...
AT40 = 63.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 9.6 Short-term Trading Call: cautiously...
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Above the 40 (September 26, 2017) – Stocks Knock On Overbought’s Door
AT40 = 68.2% of stocks are trading above their respective 40-day moving averages (DMAs) (high of 69.4%) AT200 = 57.2% of stocks are trading above their respective 200DMAs VIX = 10.2 Short-term Trading...
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Iron Ore Pairs Trade Lags Commodity’s Plunge
The market must be expecting an imminent rebound in the price of iron ore. Almost two weeks ago, I proposed a pairs trade going short Rio Tinto (RIO) versus long BHP Billiton Limited (BHP) as a way to...
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Above the 40 (September 29, 2017) – Stock Market Powers Up for A Potential...
AT40 = 71.3% of stocks are trading above their respective 40-day moving averages (DMAs) – overbought day #2 AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 9.5 Short-term...
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As the VIX Plunges to All-Time Lows, Speculators Abort Their Seasonal Gold...
A month ago, I wrote about the near seasonal pattern of speculators accumulating net long contracts in gold and silver from July troughs to October peaks. THIS year, the speculators started up on...
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Silver and Gold In Retreat
Maybe it is fear of the Fed, maybe it is the distraction of cryptocurrencies reaching for infinity. Whatever the issue, speculators in precious metals are in rapid retreat as net long contracts dropped...
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Canadian Dollar: Economic Data Overriding the Brakes of the Bank of Canada
The Canadian dollar (FXC) is at an interesting juncture. Strong economic data has strengthened the currency but the Bank of Canada (BoC) has applied brakes on currency’s rally. The Canadian dollar...
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Above the 40 (January 2, 2018) – Stock Market Version 2018 Launches With...
AT40 = 64.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.6% of stocks are trading above their respective 200DMAs VIX = 9.8 Short-term Trading Call: cautiously...
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Above the 40 (January 16, 2018) – Overbought Conditions Abruptly End On A...
AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) – ended a 1-day overbought period AT200 = 62.7% of stocks are trading above their respective 200DMAs VIX = 11.7...
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Trading An Iron Ore Top: Prices Stall Amid Record Chinese Imports and...
Iron ore may have reached a new inflection point with a price rally coming to a halt in January and some related stocks consolidating near multi-year highs. When I last made an iron ore trade in...
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Above the 40 (February 2, 2018) – Janet Yellen Exits As Oversold Market...
AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 17.3 (28.5% increase!) Short-term...
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Above the 40 (February 12, 2018) – Stocks Cling to Oversold Conditions
AT40 = 18.1% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #3) AT200 = 43.9% of stocks are trading above their respective 200DMAs VIX = 25.6 (range from 24.4...
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Above the 40 (February 14, 2018) – A Bullish Tech Breakout Underlines the End...
AT40 = 27.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.3% of stocks are trading above their respective 200DMAs VIX = 19.3 (drop of 22.9%) Short-term Trading...
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Above the 40 (September 29, 2017) – Stock Market Powers Up for A Potential...
AT40 = 71.3% of stocks are trading above their respective 40-day moving averages (DMAs) – overbought day #2 AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 9.5 Short-term...
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As the VIX Plunges to All-Time Lows, Speculators Abort Their Seasonal Gold...
A month ago, I wrote about the near seasonal pattern of speculators accumulating net long contracts in gold and silver from July troughs to October peaks. THIS year, the speculators started up on...
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