* The RS between US equities and the rest of the world could be about to break against the US. * The GLD breaks above its intermediate down trendline. * Silver experiences a false move to the downside, thereby leaving it free to move higher. The Dollar and Related Markets. Has the US... READ MORE
* World stock ETF may have experienced a false upside breakout. * Bonds likely to out-perform stocks in the immediate future. * Emerging markets ETF right at critical support. Global Equities Global equities are starting to look sick. Chart 1, for instance shows that the MSCI World Stock ETF, the ACWI, has recently... READ MORE
* NYSE Composite and MSCI World Stock ETF could be in the process of cancelling their recent breakouts. * Stock/bond ratio at a critical juncture. * Junk bonds violate up trend line. * Dollar Index breaks to the upside. * Gold and gold shares face important technical test. Equities Chart 1 suggests that the... READ MORE
* Emerging markets about to experience an important breakout. * Yield curve continues to flatten. * Confidence in the bond market faces an important technical test. US Equities We have seen some nice breakouts in the last few trading sessions, which have been pretty broadly based as you can see from Chart 1,... READ MORE
* -NASDAQ Composite offers quality upside leadership. * -Watch the 5-year yield for a clue as to future rate movements. * -Gold starting to show bull market characteristics but can it confirm with some positive trend action? In last week’s article I drew your attention to the fact that the technical picture... READ MORE
* The NYA starts to break down against the S&P again. * Emerging markets ETF triggers some short-term sell signals. * The EEM is resting above key long-term support. US Equities The market continues to frustrate both bull and bear alike as the major averages steadfastly refuse to break out from... READ MORE
* Short-term oscillators turn bullish for equities * EFA breaks above significant down trend line * Gold short-term momentum reverses to the downside US Equities Last week the headline of my Market Roundup article read as follows, ”Will the end-of the month bullish seasonal for equities be enough to avoid a downside domino... READ MORE
* NYSE Composite is forming a head and shoulders top or is it a bottom? * IWM experiences false upside breakout * SPY/EFA ratio is signaling a dollar correction. Will the Index take the bait? * Wisdom Tree Yuan fund right on a key up trend line I last wrote about the US... READ MORE
* Europe and Emerging Market equities positioned to move higher. * Philippine ETF breaks to the upside. * Silver breaks convincingly to the upside. * Gold breaks out against US equities. US versus the World The trend favoring US equities over most of the rest of the world, may be in the process of... READ MORE
* World Stock ETF getting closer to completing a top. * Gold in euro and yen build on recent breakouts. * Dollar denominated gold close to an upside breakout. US Equities On Friday the S & P Composite ($SPX) experienced the second day of a dark cloud cover formation, a bearish candlestick pattern.... READ MORE
* Much expected Santa Rally did not happen and that’s bearish. * MSCI Europe Australia Far East ETF right on the brink of a major breakdown. * Small caps may have experienced a false upside breakout. * Chinese ETF breaks out big time on both an absolute and relative basis. In my mid-December... READ MORE
* Dollar based gold is in a bear market. * Yen and euro denominated gold are in primary bull markets. * Gold shares complete a massive top. Last week we reviewed the technical picture of the major currencies. This week it is the turn of the precious metals because the finely balanced technical... READ MORE
* Long-term dollar rally likely to continue. * Yuan on the edge of a breakdown. * January is tied with November as the most bullish month for the dollar. * Short-term dollar momentum overstretched but re-accelerating to the upside. Currencies At the end of August the US Dollar Index ($USD) broke out from a... READ MORE
* Dichotomy in the credit markets is extending. * Dim Sum bonds at a critical juncture. * Gold asset markets weakening again. US Equities Statistics tell us that December is the most bullish month of the year for equities. Interestingly, the November-January period offers the best performing consecutive months of the year (S&... READ MORE
* Stocks likely to resume their downtrend vis a vis bonds. * Emerging Markets ETF resting on a key trend line. * Different bond maturities moving in different directions. US Equities The battle lines are being drawn for the next major move in the equity market. For the NYSE Composite ($NYA) those lines... READ MORE
* USA still leading the way on the upside. * Russian and Mexican ETF’s break to the downside. * EEM components offering a mixed picture. * The two sides of Japan. International Equities With the US, German, Japanese, Indian, New Zealand, Pakistani and several other markets joining the US in new all-time high... READ MORE
* Bullish NYSE percent has likely peaked out. Indicates market will become more selective. * You can’t keep a good dollar down! * Emerging market currency fund breaks down. EM are likely to follow. US Equities I have always said that trend trumps everything. By that I mean that however bad the... READ MORE
* Stock/bond ratio challenges overhead resistance. * Watch $120 on the GLD. * Commodities may be set for short-term rally. US Equities For some time I have been pointing to several discrepancies in the market that have been troubling. My conclusion was that as long as the uptrend since mid-October was intact... READ MORE
* Value Line Arithmetic is just below important resistance. * 10-year bond price reacts to its recent breakout point. * The GLD fails at resistance. US Equities The Value Line Arithmetic($VLE) monitors the price of the average stock. It has been one of the weakest areas of the market as demonstrated by... READ MORE
* IWM continues to rally but Relative Strength action still lags. * Dollar diffusion indicator starting to turn down. * The Gold (GLD) experiences a strong outside bar on heavy volume. US Equities Chart 1 shows the Coppock Curve for the S&P 500 ($SPX) . This indicator was designed to identify major... READ MORE
* Short-term market indicators are still bullish. * Stock/bond ratio reaches a critical point. * Yen completes a 28-year top against the dollar. US Equities Throughout 2013 and for most of 2014 every peak in the S&P was confirmed by the NYSE Composite ($NYA) . You can see that from the... READ MORE
* Outside day hints that the short-term downtrend for bonds may be over. * Dollar Index may be completing an inverse head and shoulders. * Stronger dollar forces gold to test its lows. * Stronger dollar causes gold to break down from a 2-year trading range. Here is a link to the the text... READ MORE
* Outside day hints that the short-term downtrend for bonds may be over. * Dollar Index may be completing an inverse head and shoulders. * Stronger dollar forces gold to test its lows. * Stronger dollar causes gold to break down from a 2-year trading range. Here is a link to the video version... READ MORE
* Short-term momentum is still oversold, so a rally is probable once the expected test is over. * Any rally likely to be part of an overall topping out process. * Europe experiences primary trend sell signal. * Japanese and Asian Ex Japan ETF’s look vulnerable from a long-term aspect. This week we... READ MORE
* Short-term indicators continue to decline, but Wednesday’s price action may cause them to go bullish. * Small caps starting to emerge as leaders on the upside (At least for the short-term). * Quality bonds experience probable upside blow-off and high yield exhaustion on the downside . Earlier in the week I pointed... READ MORE
* Global equities experience long term technical damage. * But short-term indicators are close to signaling a tradable rally. * Bond market still looks strong. * Gold experiences marginal upside breakout against stocks. US Equities Last week I described how some serious long-term technical damage had been done to global equities but that a... READ MORE
* Oversold short term condition could trigger a bounce... but remember this is October! * Five year yield experiences false upside breakout. That signals lower yields * Gold bounces from a must hold support level. (Click here for the Video Version of this article.) US Equities In the last week some serious long-term... READ MORE
* Oversold short term condition could trigger a bounce... but remember this is October! * Five year yield experiences false upside breakout. That signals lower yields. * Gold bounces from a must hold support level. Click here for the Print Version Good luck and good charting, Martin Pring... READ MORE
* Negative divergences in the equity market continue to build. * The rest of the world (EFA) completes a head and shoulders top. * Credit spreads continue to deteriorate. * Some commodity indexes break down in a major way, others hold fast. US Equities In our last issue my basic conclusion on equities was... READ MORE
* Small cap stocks on the verge of a major breakdown. * Gold shares violate important up trend line. * Dollar Index due for a correction within a primary bull market. Click here for the video version. For the last few weeks I have been pointing out the gradually deteriorating technical position but... READ MORE
This is the video version of the Market Roundup. * Small cap stocks on the verge of a major breakdown. * Gold shares violate important up trend line. * Dollar Index due for a correction within a primary bull market. Click here for the print version. Good Luck and good charting, Martin Pring... READ MORE
* - Brokers experience new bull market closing high. * - NYSE stocks above their 200-day MA’s continue to shrink. * - Canadian dollar experiences false break to the downside. * - Commodities break to the downside. Could it be a whipsaw? US Equities Tuesday’s strong equity action could well be a... READ MORE
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* Equity market short-term momentum starting to roll over but not yet bearish. * Dollar Index fails to respond to overbought short-term condition, which is a sign of a primary bull market. * Gold experiencing very constructive sentiment but needs to confirm this with a break in the GLD above $130. (Click here... READ MORE
* Short-term equity rally is still intact. * Dollar Index experiences major upside breakout. * Commodities experience a very favorable divergence but the DJP needs to break above $37 to confirm. US Equities Last week we talked about the fact that the S&P had broken out to new highs but that,... READ MORE
* Short-term indicators still bullish for stocks. * Growth (IVE) about to break out against value (IVW). * Commodity market experiences bullish short-term divergence. (Click here for a video version of this commentary.) US Equities The short-term indicators i.e. those monitoring trends that range from 3-6-weeks remain in a bullish mode and... READ MORE
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* Bottom Fisher goes bullish. * Bonds continue to break to the upside. * Dollar Index due for a pause. * Watch $27.50 and $130 on the GDX and the GLD. US Equities The Pring Bottom Fisher market indicator (!PRBFISH), shown in the lower window of Chart 1 (and discussed in more detail... READ MORE
* Bottom Fisher indicator may be close to an upside reversal. * If the rally develops watch the value Line Arithmetic for an indication of its resilience. * Gold shares may be about to break to the upside. (Click here for a video version of this article.) US Equities Last week the NYSE... READ MORE
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