Wealth Creation Through Natural Resources
The Gold Miners ETF (GDX) has traded an enormous amount of volume in the $13-$14 price range during the last 6 months and the GDX enters 2016 experiencing some of the lowest realized volatility in history: GDX (Daily) This chart … Continued
A couple weeks ago we pointed out the technical damage in the AAPL chart and mused that a brief bounce was in store before a much larger decline would begin in the new year. We may have been too optimistic … Continued
The TSX-Venture Composite Index is on a 7 session win streak with one day left in a year which has seen the resource heavy index shed more than 30% in the 5th year of a vicious bear market: TSX-V … Continued
The Russell 2000 (IWM) has been testing an important area of resistance for the last few days: IWM (Daily) This resistance near $115-$115.20 on the IWM also happens to line up with the flat 50-day simple moving average and … Continued
After a few years of healthy gains we have seen the median existing home price slip roughly 6-7% during the 2nd half of 2015: Notice the stair-step pattern of price appreciation since 2011. Are we ready for the next … Continued
3 very different companies in 3 different sectors with 3 unique potential breakout charts as we enter 2016: ABX Barrick Gold (ABX) has been bumping up against resistance near $8.00-8.30 for much of the 2nd half of 2015. A … Continued
The January effect is the theory that small cap stocks perform better in January than in any other month of the year. This is due to the idea that investors sell losing positions in December to capture losses for tax … Continued
This chart from RBC Capital Markets Research shows that non-precious metal mining shares are almost as cheap as they were at the depths of the 2008 Global Financial Crisis market crash: According to RBC non-precious metal mining shares are … Continued
Futures speculators have spent the last few months amassing a more than $50 billion net notional short position in Treasury futures: This massive short position is even more significant given that the 10-year yield is nearing the apex of a … Continued
There have been a couple of notable developments in commodity related charts in the last couple of days: AA (Daily) Alcoa (AA) has formed a head & shoulders bottom during the last couple of months. The neckline of this … Continued