• 1,166 days Will The ECB Continue To Hike Rates?
  • 1,166 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,168 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,568 days Could Crypto Overtake Traditional Investment?
  • 1,573 days Americans Still Quitting Jobs At Record Pace
  • 1,575 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,578 days Is The Dollar Too Strong?
  • 1,578 days Big Tech Disappoints Investors on Earnings Calls
  • 1,579 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,581 days China Is Quietly Trying To Distance Itself From Russia
  • 1,581 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,585 days Crypto Investors Won Big In 2021
  • 1,585 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,586 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,588 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,589 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,592 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,593 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,593 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,595 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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