• 619 days Will The ECB Continue To Hike Rates?
  • 619 days Forbes: Aramco Remains Largest Company In The Middle East
  • 621 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,020 days Could Crypto Overtake Traditional Investment?
  • 1,025 days Americans Still Quitting Jobs At Record Pace
  • 1,027 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,030 days Is The Dollar Too Strong?
  • 1,031 days Big Tech Disappoints Investors on Earnings Calls
  • 1,031 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,033 days China Is Quietly Trying To Distance Itself From Russia
  • 1,033 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,037 days Crypto Investors Won Big In 2021
  • 1,038 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,038 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,041 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,041 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,044 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,045 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,045 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,047 days Are NFTs About To Take Over Gaming?
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

Charts and Commentary

Yesterday, we said, "This week, we are at the cusp of commodities, oil, and gold making a major trend change to the downside, or holding supports and having the trends in place. This is a very important juncture because of Bernanke's fight to control inflation and bring it down. It impacts what he does on interest rates, and that effects the economy and the stock market."

While Tuesday showed that commodities, oil, and gold were all bouncing up off supports, yesterday's market action brought them all down to retesting their support levels again.

This is really an important event because it could mark the end of a multi-year up trend.

Consider the possible implications...

If they all break support, you have to think of the turmoil this could create in the market as investors rush to the selling line to dump commodity, oil, and gold stocks. This would cause a major sector rotational change in the markets and portfolio rebalancing.

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages. I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membershipinformation

 

Back to homepage

Leave a comment

Leave a comment