The price of the Goldman Sachs Commodity Index has formed a venerable divergence to RSI on a weekly basis. This points to a reasonable upward correction potential, a view that is supported by an MACD buy signal.
From its peak in April 2015, the DAX has lost about 20% in the context of global stock market declines over the last couple of weeks. This week, the index managed to stop its downward trend at its supportive multi-year up-trend. The general picture supports the view, however, that we have not yet seen the trough. In order to brighten up the chart, the DAX would...
As pointed out in a separate comment, the current price/indicator setup increasingly resembles that of 2000 and 2007, immediately before indices' pronounced price declines.
A look at the Dow Jones Industrial Average and the Dow Jones Transportation Average confirms that pessimistic view. Beginning in mid-2007, the DJTA started to trend downwards, while the...
As pointed out in a separate comment, the current price/indicator setup increasingly resembles that of 2000 and 2007, immediately before indices' pronounced price declines. See the following chart for the parallels between 2000, 2007 and now, as previously posted:
A look at the Dow Jones Industrial Average and the Dow Jones Transportation Average confirms...
Although some seem to be opposing the view before the background of ultra-low interest rates and bond yields, stock markets have arguably reached an elevated niveau, based on dangerously optimistic valuations.
Despite the politics-driven nature of the current environment, the signs intensify that we are approaching what may very well be a market top. As prices...
