Comments on: Correlations Between Stocks, Bonds,Currencies, & Gold 4-3-23 https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/ Stock Trading, Investing & Market Analysis Wed, 05 Apr 2023 16:32:55 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27093 Wed, 05 Apr 2023 16:32:55 +0000 https://rightsideofthechart.com/?p=211169#comment-27093 Looks like the positive correlation of stocks and bonds are beginning to break (classic bear market action?) The way I’ve got the trendline drawn on the TNX chart, it looks like yields have broken lower. Are you seeing the same thing on your chart, @rsotc?
Also seeing some cross-currents in GLD and GDX: While GLD has some negative divergence, GDX has burned through negative divergence, but very overbought.
Perhaps we are getting close to a classic sell-off event when bonds and USD are bought for safety while every other asset, including gold, gets sold off together?

]]> By: rsotc https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27067 Tue, 04 Apr 2023 15:48:19 +0000 https://rightsideofthechart.com/?p=211169#comment-27067 In reply to Dkpdkp.

Positive divergences building on the /NG (April futures) 60m chart. Breaks above these yellow lines, especially the 2.25ish resistance, should send nat gas up to the price targets shown at the arrow breaks.

]]> By: rsotc https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27066 Tue, 04 Apr 2023 15:21:28 +0000 https://rightsideofthechart.com/?p=211169#comment-27066 In reply to Mikeflegel.

Agreed. I’ve highlighted the Nasdaq as my favorite index to short right recently & remain short personally.

]]> By: Dkpdkp https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27065 Tue, 04 Apr 2023 14:37:03 +0000 https://rightsideofthechart.com/?p=211169#comment-27065 Hello Randy-when you get a chance can you pls update Natural gas? Thanks

]]> By: trade0039 https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27064 Tue, 04 Apr 2023 14:15:23 +0000 https://rightsideofthechart.com/?p=211169#comment-27064 Interesting article…

https://www.firstpost.com/explainers/dumping-the-dollar-brics-currency-us-dollar-trade-india-china-russia-12403612.html

]]> By: myrightside https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27062 Tue, 04 Apr 2023 00:30:51 +0000 https://rightsideofthechart.com/?p=211169#comment-27062 “We’re either going to beak down or not”,
who would’ve thought.

]]> By: Mikeflegel https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27061 Mon, 03 Apr 2023 22:47:25 +0000 https://rightsideofthechart.com/?p=211169#comment-27061 Randy this looks like a opportunity at SQQ.Q. Now I know you don’t recommend any particular thing but your whole video is about it so is the NASDAQ worth a look for a short

]]> By: Roth09 https://rightsideofthechart.com/correlations-between-stocks-bondscurrencies-gold-4-3-23/#comment-27060 Mon, 03 Apr 2023 22:19:21 +0000 https://rightsideofthechart.com/?p=211169#comment-27060 Randy, your site offers the best learning experience I have ever had in my many years of investing/trading. It’s hard to gauge how your teachings have helped me in all areas of my trading. A big thanks!

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