16 Jan 2019

After Nice Rally Since Early Oct, GLD Approaches Decent Resistance

by | posted in: Commodities, Derivatives, Technicals | 0

Gold has had a nice rally since early October, and is extended on both daily and weekly charts.  It is also at dual resistance.  Near term, recent longs can get tempted to lock in profit. Spot gold ($1,288.40/ounce) looks tired.  … Continued

23 Aug 2018

Versus Late-January Highs In US Stocks, Sentiment Nowhere As Giddy

by | posted in: Equities, Technicals | 0

Major US equity indices are at/past late-January highs.  Investor sentiment, on the other hand, is nowhere near as giddy.  Is this good or bad? The Russell 2000 small cap index (1722.54) just broke out of a two-month pennant.  Of major … Continued