Stocks are in a long term bull market. However, a number of signs are becoming evident that there is growing weakness in the stock market for a correction or more. I recently posted a number of articles highlighting some of the warning signs: US S&P500 The Average Stock is Losing Steam – (RSP:SPY) Ratio Junk […]
Month: August 2017
US S&P500 The Average Stock is Losing Steam – (RSP:SPY) Ratio
The S&P500 is in a clear uptrend, however it is not firing on all cylinders and there is weakness behind the scenes. There are a number of ways we can measure the risk appetite of investors and the health of the S&P500. One such method is by comparing the average stock to the biggest stocks. In […]
Junk Bonds Issue Warning To Stocks – High Yield Bonds To Treasuries Ratio (HYG:TLT)
Junk bonds are a nice indicator of investor comfort with risk, currently it’s flashing a caution sign. There are many indicators we can use to watch for the health of the stock market. One such indicator is the ratio of high yield bonds to treasuries (HYG:TLT). The reason being that when investors are feeling comfortable […]
10 Year Treasury Yield Needs Watching
Keeping an eye on the bond market is useful in helping to gauge the health of the economy and stock market. This is because between the two, the bond market is more sensitive to the economy than the stock market and tends to be right more often. This post is an update on the 10 […]
Gold Breaks Downtrend
Gold has just broken its downtrend, the question is will it hold? Now that Friday has closed I created and included the latest weekly charts for gold. On this chart we can observe during the stock market rout of 2016 gold surged to breakout of its previous downtrend channel. Note how the previous resistance line […]
Currency Outlook: Post-Brexit British Pound Sterling GBP
It’s been just over a year now since the United Kingdom voted to leave the EU, I thought it may interesting to have a look at the charts to see what information and trends are in play for the British Pound. Firstly, I’ll start with the long term trend to see where the currency currently […]
Gold Stocks – Agnico Eagle Mines Ltd. Looking Attractive
Gold has been in a bear market for the past few years and gold miners have suffered. On the positive it has resulted in many miners to cut costs and push for efficiency. Agnico Eagle Mines is a Canadian based mid sized gold mining company. It is well run and a large part of its […]
Euro to Japanese Yen – Pause
The Euro to Yen has rallied for just over a year now, however it may due a pause and hence this quick post. Starting with the long term weekly trend there are a few observations to make: Long term trend line break to the upside Trendline resistance turned support Price retraced 62% following the trendline break […]
Australia Proposes Nanochips and Expiry Dates for Cash Notes
Australia is one of the leading nations pushing for restrictions and removal of physical cash. In July 2017 Michael Andrew, the head of the federal government’s Black Economy Taskforce made a number of proposals: implants notes with nano chips to track and trace cash putting an expiry date on notes The measures are being introduced as part […]