Transports (IYT) Nearing Short-Term Breakout Resistance
It's been a rough go for the Transportation Sector ETF (IYT) ever since COVID. And to be fair, it's understandable as tourism and vacationing...
U.S. Oil Reserves Drop to 40 Year Lows
On June 12th, Goldman Sachs came out stating how bearish they are on oil.
I wrote a Daily about it on June 20th:
Bearish at the Bottom-Institutions...
Is Japanese Yen Weakness Coming To An End? (Elliott Wave Analysis)
The weakness of Japanese Yen may be coming to an end, as we see it nearing key Fibonacci price support... and when the Federal...
Complete Trader: Macro to Micro and Top Picks Live
Once a month, I do a coaching session for our members of the Complete Trader, a MarketGauge comprehensive product for the discretionary trader.
During the 45-minute...
Gold Trading “Refresh” Nearing The Buy Zone?
Gold prices took a 3rd run at new highs and fizzled out again. Looks like it may take a 4th attempt.
Earlier this month, I...
Is Cannabis ETF (MSOS) Finally Low Enough to Go High?
Wednesday, we began to see a separation between what Chairman of the Fed Powell said on fighting inflation, and the inflation indicators themselves.
Food commodities,...
Stock Market Bulls NEED Banks To Wake Up
Bank stocks went to sleep in February and when they woke up they were down over 30 percent (using the $BKX KBW Bank Index).
This...
Silver Prices Testing 800 Pound “Pennant” Breakout Resistance!
Just yesterday, we discussed the massive "cup with handle" formation on the gold price chart and how a breakout over $2200 could sent gold...
Speaking of AI: Here’s A Look at Our Alpha Rotation
Those who read our Daily and follow us on the media know that we talk a lot about risk gauges.
The big focus for me...
Gold Nearing Major Breakout, Could See $3,000 or $5,000!
Over the past few years, we have written several articles about the potential "cup" pattern on gold.
And now gold has formed a "handle". This...