These Are the Charts You Need to See Today
Markets are starting to come off their recent all-time highs, but it’s the tech-heavy NASDAQ that’s actually the most concerning right now. Tech, which led the markets last week, is starting to give up its leadership position, with chipmakers like Nvidia and AMD coming under pressure. With that said, a lot of the intermarket signals…
Intermarket Conditions Still Flash Caution for Stocks
The intermarket deterioration pointed out last week has worsened, and now at a sector level, semiconductors and tech are starting to display weakness as well. Energy has popped up nicely going into the FOMC rate decision, which could be another warning sign for equities over the next couple weeks.
What's Chipping Away at This Rally?
Various intermarket conditions point to an increased potential for turbulence in equities in the coming days and weeks. Save for semiconductors and the monsters of tech, which continue to act well, a sustained rebound in the Dollar and uptick in long-term interest rates suggest that risk conditions are elevated near-term.
Stocks Struggle as U.S. Dollar Sees Safety Bid
Once again, we are seeing stocks struggle whenever the Dollar catches a bid. But not all hope is lost for bulls, as various semiconductor stocks continue to hold up well. Uranium is another sector that is keen on further gains, although their does appear to be some rising risks on the interest rate front.
Can Stocks Figure out How to Rally with USD?
Stocks are consolidating near their all-time highs, but the Dollar is attempting to stage a rebound after pulling back for a couple months. Does this signal more weakness in stocks, or could we be on the precipice of a new macro regime whereby stocks rally with the Dollar?
Did Santa Claus Claus Leave Town a Day Early?
With the exception of the Dow, stocks are down hard to begin the new calendar year. We're seeing nice strength stem from the healthcare sector, which is being driven by a breakout to new all-time highs by Amgen (AMGN). Both Bitcoin and Ethereum made new highs too, but was that confirmation of the bull trend,…
Can Santa Claus Deliver for Stocks into Year-End?
As we come to the final trading days of 2023, markets are finally in the renowned Santa Claus Rally period as bulls look to leave their mark on another year. In this video, we talk about our trade in Coinbase (COIN) as well as other bullish signals brewing under the surface in the overall market.
Metals, Cryptos & AI: The Future of Investing or Just Modern Alchemy?
This video highlights another important lesson in relative strength. Despite the volatility in precious metals in recent weeks, a few names have stood out above the rest. In the crypto space, not all names have behaved equally either.
Are Markets Sleepwalking into Powell’s Presser Tomorrow?
Stocks are seeing positive signs such as semiconductors breaking out to new multi-year highs. But with Fed Chair Powell set to speak tomorrow after the Fed announcement, could bulls be walking into a trap?
Can Stocks Hold Their Gains with the USD Rebound?
Despite the rebound in the U.S. Dollar, stocks have held their recent gains well, and we continue to see leadership from key sectors like technology. The bond market seems to be pricing in more disinflation, especially as crude oil falls to new multi-month lows.