• 268 days Could Crypto Overtake Traditional Investment?
  • 273 days Americans Still Quitting Jobs At Record Pace
  • 275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 278 days Is The Dollar Too Strong?
  • 278 days Big Tech Disappoints Investors on Earnings Calls
  • 279 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 281 days China Is Quietly Trying To Distance Itself From Russia
  • 281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 285 days Crypto Investors Won Big In 2021
  • 285 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 286 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 293 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 295 days Are NFTs About To Take Over Gaming?
  • 296 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 299 days What’s Causing Inflation In The United States?
  • 300 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Stock Market Higher, Gold Down

The charts below show the stock market going higher into July 29th while GDX goes lower. A few months back I said that I thought the SPX would make new highs ahead and we are there. My original thought was, it would go higher into early October. The power of the recent surge suggests the likelihood the top will occur much earlier.

SPX Hourly Chart
Larger Image

SPX Daily Chart
Larger Image

GDX Daily Chart
Larger Image

 


Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info

 

Back to homepage

Leave a comment

Leave a comment