• 1,141 days Will The ECB Continue To Hike Rates?
  • 1,141 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,143 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,543 days Could Crypto Overtake Traditional Investment?
  • 1,547 days Americans Still Quitting Jobs At Record Pace
  • 1,549 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,552 days Is The Dollar Too Strong?
  • 1,553 days Big Tech Disappoints Investors on Earnings Calls
  • 1,554 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,555 days China Is Quietly Trying To Distance Itself From Russia
  • 1,556 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,560 days Crypto Investors Won Big In 2021
  • 1,560 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,561 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,563 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,563 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,567 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,567 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,568 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,570 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  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