Latest Market Insights
It’s been an impressive week.
The bulls have marched us higher 4 of 5 days this week breaking us up and out of recent consolidations and now we are starting to work through some significant weekly trend-lines.
I’m writing this post intraday on Friday, so these aren’t closing bars yet, but you get more or less the picture.
One of my favorite measures of market health is looking at the advance / decline line both on an intraday basis and cumulatively. It’s no surprise then that the McClellan Oscillator ($NYMO) is one of my favorite measures for this and I want to point out the recent weakness we’ve been seeing here.Read More
As the US Dollar bounces higher for the fifth day in a row from oversold levels, we’re seeing some of the commodity markets trade at some levels that are worth paying attention to.
$GLD is down nearly 2% today and it’s losing this important technical breakout level that it cleared back at the end of April above 121.50.Read More