Wealth Creation Through Natural Resources
Regardless of what school of market thought we come from, the fact is that price (and price action) is the #1 fundamental in financial markets. Price shifts market participant sentiment stronger than any fundamental news or story telling; price has … Continued
Tomorrow the Federal Open Market Committee (FOMC) will release its statement from its most recent meeting followed by a press conference from Fed Chair Janet Yellen. Currently the market is not expecting a hike from the Fed tomorrow, however, there … Continued
Since the beginning of the year realized volatility in the S&P 500 has dropped ~60% as the leading U.S. equity index experiences its longest streak of days without a 1%+ move in two years: SPY (Daily) 20-day rolling … Continued
This morning following the April U.S. employment report we entered a long SPY trade which was shared in real time in the Trading Lab over at CEO.CA. This was a trade we had been stalking for a couple of days … Continued
A post from Dr. Brett Steenbarger this morning reaffirmed some things that I was already thinking regarding where we may be at in the market cycle. The following excerpt is elegant and insightful: “….the psychological dynamics of market tops … Continued
It doesn’t take a master technical analyst to be able to discern that the S&P 500 has been forming a top for the last couple of years. Support in the low 1800s (SPX) has been tested a couple of times … Continued
There’s no doubt that the S&P 500 has formed a mature topping pattern during the last ~18 months: S&P 500 (5-year) Below 1820 there isn’t much support for another 80-90 points, with the 38.2% Fibonacci retracement of the 2011-2015 … Continued
Resource investors should be encouraged by the first trading session of the new year. On a day in which the Dow Jones Industrial Average closed down nearly 300 points (down by more than 400 points at the session lows), precious … Continued
While the gold miners (GDX) continue to experience significant day to day volatility the ratio chart of GDX relative to the S&P 500 (SPY) shows a clean double-bottom pattern with a notable bullish momentum divergence: GDX/SPY (Daily) The October/November … Continued
Ever since early September we have been pounding the table that the path of least resistance for equites was higher because there were simply way too many bears. October’s ~8.5% rally and best single-month performance for the S&P 500 in more … Continued