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Tradadada

I am comparing the relationship between Gold, the Nasdaq and the US Dollar. Since 2000, here are approximate returns for each; Gold up 550% S&P up 254% DOW up 364% Since 2020: In the past 5 years, this shifted slightly with Gold up about twice as much as the Nasdaq. Since 2024: In the past year, Gold has outpaced the Nasdaq 5:1 on gains....

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Interesting. SQQQ lags behind NUGT slightly as the two charts are compared. Most interesting is the most recent movement. In most points on the chart the two variables are within 20% of each other in regards to their movement from zero change. However, in the last time period of the chart (final candle), the difference is 80%. Therefore, NUGT has to come...

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SQQQ-solid Nasdaq-hollow Trend appears to be reversing, where SQQQ will begin trending positive, and Nasdaq negative.

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The pattern emerging shows the convergence between the two trend lines. The trend lines show the change from zero, indicating positive or negative trend. The trends are currently at a point where SQQQ is beginning to trend positively, as Nasdaq tests the negative direction. That leads to the cross over as the trends change. A longer view shows a better...

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Fairly clear here that Gold and Nasdaq correlated in direction until December 2024, at which time the equities market peaked. The two continued to correlate in trend direction until February, where, after several years divergence finally occurred. Gold continues upward, equities continue lower. This seems to be a clear indication that equities, in this case the...

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Using momentum indicators, the Nasdaq is overbought and seems to be retreating a bit off of that region. Gold is continuing to move into the overbought region of momentum. The two are following more of a correlation up until now. This current movement marks divergence, which is what is expected. This coincides with the expectation that Gold and equities will...