{select comments} 12-04-20 & ditto 12-10-20: Currencies indeed busted out to the upside as expected in October while Gold & Silver broke lower. Eventually our falling US Dollar will push Gold/Silver back up. Yet during this Covid winter lockdown there are some deflation worries that will need new fiscal stimulus…
One of the better known stock market adages is that Bull markets climb a wall of worry. The wall of concern created by Covid has been a long one as the running of the Bulls out of the Bear trap in March continues unabated. The economy can’t fully open up…
For almost 3 months the major stock indices have traded sideways, consolidating the supercharged Fed and Government stimulus aided gains since March. With stocks nearing short term overbought levels within this range in early November, the vaccine miracle makers launched a trifecta of Covid cures. The equity buying binge began…
When Pfizer declared a 90% effective Covid vaccine this week, the mask wearing world bought recovery stocks with reckless abandon. Investors see the vaccine light at the end of the Covid tunnel. Short term we are still in the dark tunnel of winter that is already witnessing reduced consumer activity…
Technical market condition edging into overbought zone: Stocks are up in Arms over the elections. That is, the ubiquitous Trading Index in financial circles named after Richard Arms in 1967, continues to accurately identify areas of oversold and overbought conditions in the stock market. The Arms Index or TRIN compares…
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