Market News & Insights

Will Palladium’s Price Drop Pull The NASDAQ Down?

There is something very broken with Palladium. The drop in price has accelerated into September and created one scary chart for traders. This shouldn’t be entirely shocking, though… at least, if you have been following my thoughts and analysis on this subject. The continuous liquidation comes on the heels of my late August post on BartsCharts.com, wherein I highlighted the completion of Palladium’s pattern higher. Since that time, it’s been

Is The Russell 2000 Top In? Or Do Higher Targets Loom?

The Russell 2000 (RUT) has been consolidating for the past several weeks in a wide range. And since the other major US equity indices have been headed higher, you could also say that it has been underperforming. Needless to say, this has several investors concerned, as the Russell 2000 is made up of small cap stocks and often is indicative of investors risk tolerance. Currently the Russell 2000 is sitting on

Why Apple (AAPL) Flatlined After iPhone 6 Announcement

If you’re an active investor, you likely understand that participants are constantly attempting to price in what they know or believe they know about the market or a given security. The latter often leads to speculation – see Yahoo (YHOO) or Alibaba (BABA) – but the larger point here is that markets are forward looking. This logic was on display with the recent Apple (AAPL) product launch. Please note that this example has more to do

S&P 500 Technical Update: Lower Support Levels in Focus

The price action in the equity markets over the past few days has been choppy, to say the least. The S&P 500 (SPX) is trading sharply lower today, and this comes on the heels of yesterday’s relief rally – a rally that had some traders feeling bullish again. So, now what? Well, as a firm believer in technical and intermarket analysis, I think active investors should be aware of key S&P 500

US Dollar Strength Continues: Weekly Close Important

The US Dollar has continued to punish those that bet against it. It has been overbought for some time but as most seasoned investors know, overbought can stay overbought for longer than one thinks. This week the US Dollar Index (DX) broke through the July 8, 2013 weekly high of 84.965. This has put the market on notice and may signal more near-term upside. But, for that to happen, we’d

Canadian Equities Flashing Caution: Financial Markets Recap

The intermediate-term trend indicators that I am watching (and use) are designed to signal the trend of the market over the next 3 weeks to 3 months. I do not use these indicators to out-perform the underlying market index; rather, I use them to better manage the risk associated with investing in stocks. For those that are retired or near retirement, the number one priority should be preventing devastating losses because your

Silver Prices Fall Sharply: Technicals Point To $14

Silver prices continue to drop, as the precious metals sector falls further out of favor. At the time of this writing, Silver futures are trading around $17.50/oz, down 0.34. This drop follows Friday’s steep drop in silver prices and seems to be getting the attention of market participants and followers, including some readers that have tracked my work on Silver. A higher dollar and weak Euro zone seem to be getting most of

August Financial Markets Performance Review: Watch That Dollar

August was an eventful month on the political and economic front, as concerns about the European economy joined the headlines along with the continued expansion of U.S. involvement in Syria and Iraq. The financial markets continued to revolve around the Federal Reserve and any indications that they might behave differently than planned. At the same time, stocks drifted slightly lower along with bonds, while the US Dollar continued to rise. Here is

Rough Week For Precious Metals: Gold Charts In Focus

The Goldman Sachs Precious Metals Index (GPX), ended the week down another 1.55 percent at 1615.28. This closing price has decisively broken the weekly support of 1652.66 made in June of 2014. The next major support level to watch now is 1584.59, the weekly low made in December of 2013. I have been highlighting this weakness in precious metals for a while and it seems as if investors are finally beginning to take note of

Chart Of The Day: US Dollar Strength Slows Emerging Markets

By now, most market participants have taken note of the US Dollar rally. In the early stages of the rally, it was simply a slow rise. However, that has given way to a rapid accent, seeing the US Dollar Index jump from below 80 to 84.75 in just over two months. And the recent surge higher in the Dollar seems to be adding some volatility to the Emerging Markets complex. In the