* 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 ($USD) broke... READ MORE
* Dichotomy in the credit markets is extending. * Dim Sum bonds at a critical juncture. * Gold asset markets weakening again. US Equities Statistics tell us that December is the most bullish month of the year for equities. Interestingly, the November-January period offers the best performing consecutive months of the year... READ MORE
* Stocks likely to resume their downtrend vis a vis bonds. * Emerging Markets ETF resting on a key trend line. * Different bond maturities moving in different directions. US Equities The battle lines are being drawn for the next major move in the equity market. For the NYSE Composite ($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... 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 $120 on the GLD. * Commodities may be set for short-term rally. US Equities For some time I have been pointing to several discrepancies in the market that have been troubling. My conclusion was that as long as the uptrend since mid-October... READ MORE
* Value Line Arithmetic is just below important resistance. * 10-year bond price reacts to its recent breakout point. * The GLD fails at resistance. US Equities The Value Line Arithmetic($VLE) monitors the price of the average stock. It has been one of the weakest areas of the market as demonstrated... 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... 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... 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... 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... 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... 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... 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-... 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 signal that other... 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.... 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... 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... 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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* Value Line Arithmetic violates key uptrend line. * Introducing the Bottom Fisher, but unfortunately not the bottom! * Stock/bond ratio at the brink. * 5-year yield between two key converging trend lines. * Gold/stock ratio on the verge of an upside breakout. US Equities The bullish seasonal end of the month... READ MORE
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* Breadth continues to deteriorate following Special K sell signal for the NYSE Composite. * Bonds are likely to violate an important up trendline. * Gold and commodities may be about to reverse their recent declines. (Click here for the video version of this article.) US Equities The US equity market has not... READ MORE
* Shanghai breaks bear market trendline and takes the FXI with it. * Long-term relative action suggests the FXI is no longer a world laggard, but a leader instead. * Shanghai correlation with commodities argues for higher commodity prices in general. * Chinese materials, real estate and energy ETF’s break to the... READ MORE
* General correction in US equities not over despite a higher S&P. * Dollar Index breaks to the upside. * Gold likely to experience more base building before moving higher. * CRB meets downside objective, now we will see how it can handle a rally. US Equities Last week I pointed out... READ MORE
* Less than 50% of NASDAQ stocks are above their 200-day MA’s. * Bond market confidence ratio on the verge of a major breakdown. * US Dollar Index could be about to break to the upside. Click here for video version US Equities The Dow touched an all-time high this... READ MORE
* Fading Sectors/Industries: Financial, Homebuilders, Consumer, Biotech, Small Cap, Industrial * Emerging Sectors/Industries: Energy, Mines, Basic Materials, Gold Miners Sector rotation is a continual process, but recently several old favorites have started to lose favor, and several previously discarded ones are coming to the fore. I am going to run... READ MORE
* Brokers are leading the market lower * NASDAQ Composite leaves a lot to be desired * The balance of evidence suggests lower near-term bond prices * Commodities complete a short-term top US Equities The correction we have been talking about in the last couple of Market Roundups is likely to continue.... READ MORE
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* Several market averages experience bearish outside days. * NASDAQ Composite forms bearish Pinocchio bar * Brokers leading the market lower * Further dollar weakness anticipated * Gold just below key resistance * Commodities break out from a nice base US Equities I have been saying for several weeks that the market is overextended but that... READ MORE