KEY TAKEAWAYS * Gold reached its triangle breakout price objective * Since reaching the price objective after the triangle breakout, gold has been in a distribution phase * If gold breaks lower, it could fall by 10–12% In early 2024, gold reached the price objective derived from the breakout of the large... READ MORE
KEY TAKEAWAYS * The iShares MSCI Italy Capped ETF (EWI) looks to be breaking out, but a pullback is likely and, if it holds, could present a good entry point. * The Nikkei is testing its all-time high, and its behavior at this high could dictate which direction the index will move.... READ MORE
KEY TAKEAWAYS * A successful test of FXI's secondary test of its 2022 low will show strength * If FXI's secondary test fails, weakness could result in the ETF * Looking at ratio charts, a potential FXI:EWJ spread trade could present lucrative trading opportunities The iShares China Large-Cap... READ MORE
KEY TAKEAWAYS * If treasury yields break out higher, consider selling the breakouts of bear flags and view short-term declines as selling opportunities * If yields break down lower, consider buying bull flags and setups. * There's a chance that yields could push higher before correcting. In our last piece, we... READ MORE
I begin each year by reviewing the long-term technical positions and behaviors of the "Big Four" — 10-year yields, S&P 500 ($SPX), Commodities, and the US Dollar. I believe that interest rates, particularly in a credit-dependent/leveraged system, generally drive economic and market cycles. And, since by... READ MORE