Gold has been relatively strong lately, and today it closed at its highest level since May. It currently trades around $1,315 an ounce. It isn’t just gold that has been showing strength lately but rather, the entire metals space in general. Palladium, another precious metal has been making all-time highs as we highlighted a few […]
Crude Oil is Forming this Bullish Pattern
Crude Oil had a horrendous Q4 along with stocks in 2018 falling nearly 44% from the highs it hit in October. It’s now nearly 20% off the lows it hit around Christmas. It is on track for its best January in history and its best month since 2016. Despite this upbeat start to the year, […]
Stephen Suttmeier’s Short & Long-Term S&P 500 Outlook
Stephen Suttmeier, Chief Equity Technical Strategist at Bank of America Merrill Lynch, was on CNBC ‘Futures Now’ with Seema Mody Friday after market close discussing his thoughts on the long-term trend and short-term support and resistance levels in the S&P 500. Stephen begins by stating that the S&P 500 is in an overall secular bull […]
A Deep Dive into the Industry Groups of the Technology Sector
Technology stocks got crushed at the end of last year. The ETF that tracks the Technology Sector ($XLK) fell over 17% in Q4 2018. The sector is now up about 5% so far in 2019 and sits a hair above its 50-day moving average. Analysts have been talking about Technology a lot recently. It represents […]
J.C. Parets on Identifying Momentum
Momentum gets talked about a lot in the markets. In physics, momentum is the rate at which an object changes speed. In markets, momentum is the rate at which price increases or decreases. But how do we quantify momentum? What tools and indicators do technicians have to gauge it? J.C. Parets is a well-known technician […]