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Market Charts

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(Unless otherwise noted, points on the charts represent thoughts on only directionality, not price or time)

S&P 500      Bitcoin      US dollar      Gold      Oil      TBonds   CPI   

S&P 500

S&P 500

Another leg up in some, but maybe not all, indices.

Bitcoin

Bitcoin

This is a very bullish case for bitcoin in the medium term. Bitcoin should retrace while the stock market is retracing. In the short term. Two slightly different views lead to the same place, but one has a deeper retracement.

US dollar

US dollar

Very bearish chart - the top might just be in for this leg up. 

I am in disagreement with a number of impressive analysts who say that the dollar will continue to rally upward, wreaking havoc on the world economy. Listen to them; not me.

Gold

Gold

Well, it has been relentless and there is more where that came from. Something is happening under the covers. Gold has lost its correlation to real interest rates. I tend to follow Luke Gromen's thought that gold will begin to take its place in the global financial system, generally as part of the beginning of the new age we are entering.

Oil

Oil

I have been bearish crude for a long time and I still think crude is very bearish.  The top for this leg up may be in.

TBonds

TBonds

Here's the deal. I'm in the US-dollar-must-weaken-to-have-any-chance-of-saving-the-economy camp. Simplistically, this means that yields have to stay down and treasury debt has to rise. That is not what is reflected in my chart. We are at a cycle high and my daily analysis says the peak in bonds / low in rates should occur in a few weeks. We therefore should know soon (weeks) how this conundrum will resolve itself.

CPI

CPI

This indicates that inflation is on a decline to something on the order of 5.5% before increasing to its next peak at around 11.4%.

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