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some stocks markets were overvalued, technically overbought after a parabolic move on complacent FOMO. Coronavirus is temporary, but a monster wake up call on global supply-demand chain disruption shock. Hence … Read more
via hedgefundtelemetry: The global equity markets continue higher today on “trade optimism” once again. Equity bullish sentiment has been extreme on the upside and several secondary DeMark Countdown exhaustion signals have … Read more
Macro, fundamentals, technicals… All incredibly bullish for precious metals. Here is a miner with 14-day RSI near all-time lows amid consolidating gold & silver prices.$PVG only trades at 7x EV … Read more
by northmantrader Are we hitting the wall here? Markets. Economy. Technicals. Valuations. All appear at a key crossroads here. Last week’s 3% pullback, while in itself not seemingly dramatic, came at … Read more
by Dave Armstrong suggests that it is a natural feature of markets that if a decline is severe enough, the market will take a long time to recover. The more … Read more
The S&P 500 broke down from a major top. The bounce was bold, but now a gap-fill, Fibonacci 61.8% retracement, and gravestone doji. Record valuations and macro picture are the … Read more