Technical analysis on the US stock market, oil, gold, energy stocks & several trade ideas that stand out at this time. There is quite a bit covered in this video so you might want to increase the playback speed of the video (under settings) to 1.25 or 1.5x to reduce the duration.
After a sharp drop in the first hour of trading, QQQ & SPY have experienced snap-back rallies into resistance with the MACD signal line recently crossing into bearish territory (short-term trend) for the first time in over a month. Note how well the MACD signal line/9-ema has defined the short-term trend as bullish or bearish [...]
Global equity markets are rallying in a 'risk-on' trade while safe haven assets such as treasury bonds & gold are being sold as a result of the French elections & lessened probability of a Frexit. Here's a snapshot of the risk-on & risk-off assets: Gold, U.S. Treasury Bonds & a few the major US stock [...]
A breakout above this downtrend line/basing pattern in TLT (Long-term Treasury Bond ETF) should spark a rally in treasury bonds & is very likely to roughly coincide with the beginning of a sell-off in the stock market. Hard to say if that breakout in TLT will come very soon as TLT is somewhat stretched on [...]
Back on April 6th in the post titled Muni Bombs, I had outlined the scenario in the first weekly chart of MUB (Municipal Bond ETF) posted below, stating that "A break below this uptrend line is likely to bring MUB (iShares S&P National Municipal Bond ETF) down to levels which will have wiped at least [...]
This video covers the long-term outlook for the bond market as well as some of the near-term developments as well as the potential implications that they could have on the stock market. This video goes in-depth with an overview & discussion on the various type of fixed-income instruments, such as treasury bonds, municipal bonds as [...]
In studying the charts this weekend, I noticed what appears to be an unusual alignment between the typical "risk-on" & "risk-off" asset classes. While the case for the next major leg down in US stocks that I have been making recently was considerably strengthened on Friday, I find it a bit unusual to see what [...]