Badcharts

Badcharts

US small cap stocks lost an important rising trend line support. There still is no low risk entry. When will people learn?

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I have not been posting much about Silver recently, as there is nothing much to say. 3 months after peaking, still in correction mode on monthly chart, trapped below $35 and $28. Summary is that the long term uptrend is still intact, while the shorter term correction persists.

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YES, another one of my Nvidia reminders/warnings! Nvidia can easily go down 40 to 50% depending on how fast the correction un folds. Of course, astute investors & traders understand what is happening here...

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Do you think US stocks are in a August 1969 or April 1994 type of setup? Right now, I'd say the probabilities are in favor of an eventual breakdown for SPX versus Gold. Remember, this opens the floodgates for bull eras in gold, silver, oil, uranium, copper and friends!

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Single family homes breaking down (in real terms). Expecting another 30% drop from here. You can't see this if you always price in fiat.

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I REPEAT ONCE AGAIN. It is NOT looking promising for MicroStrategy (which Bitcoin tracks). Who is buying this right now?

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KEEP AN EYE ON THIS CRITICAL MACRO CHART. Still in play, US equities set up for a massive fall priced in gold. Momentum is failing and now close to falling! This is what we call the Capital Rotation Process.

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MicroStrategy and Bitcoin still in correction mode on weekly time frame. I repeat, low risk entry points are not found here.

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Gold versus Spx making another run at that famous 0.48 breakout line. A long term up trend above this will convert headwinds into tailwinds for the precious metals complex. Also for oil, uranium, copper, platinum and friends.

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Microsoft is another tech play behemoth slowing down and possibly breaking down. Could lead to a 20-30% correction.

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Who else noticed the deteriorating market breadth for SPX 500? Now only 52% of stocks above their 200 day moving averages. Rising price of the index is hiding this bearish omen.

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Done Deal. Confirmed yearly breakout for Silver priced in Canadian Dollars.

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When the 2 year yields reconnect with its declining moving average, markets get really vulnerable. Not always, but often. But I guess nobody cares anymore about recessions...

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Expecting a correction for gold is to be expected, versus inflation that is. It reached a measured move and is stretched from its moving average. Remember, both can go up, just that inflation will outperform gold.

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KEEP AN EYE ON THIS CHART. When silver breaks out versus spx, the gold & silver miners will be getting some impressive tail winds. This breakout will most likely happen after spx starts to enter a bear market.

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13 months later... This imagined roadmap played out very well, almost to perfection. Gold reached its reverse symmetry move target versus the Producer Price Index. A consolidation here should be expected.

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See this example for gold and silver miners monthly chart. Don't get trapped using linear defined analysis. Always use log scale chart.

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Who remembers the cannabis mania? Canopy Growth went up over 152000% percent in 8 years. Now has given most of it back, down a whopping 99.5%. Not everything that goes up violently, stays up. Remember this lesson.