Water Resources ETF (PHO) Hits New All-Time Highs: Should We Worry?
In February this year, PHO the ETF Invesco Water Resources, surpassed the old high of around $61 set in December 2021.
On March 8th, 2024,...
Crude Oil Elliott Wave Bearish Forecast Analysis For 2024
Here we follow up on our late October post about crude oil futures. Price followed our preferred bullish path, and we now have more information...
Nvidia and Semiconductors ETF: Beware of Bearish Engulfing Patterns!
Nvidia (NVDA) has significantly outperformed the S&P 500 in 2024, up about 77% year-to-date through last Friday vs. the S&P 500 which was up...
Nasdaq 100 Trades At Short-Term Top Price Target
The Nasdaq 100 has traded in a steady up-trend for several weeks, leading the broader stock market higher.
But perhaps this red-hot index has gotten...
Agriculture ETF (DBA) Makes All-Time Highs: What Are Its Holdings?
Not the first time I have given readers this list of leading indicators to watch for a potential rise in inflation:
Last week we focused...
Nvidia Stock Price Reverses Lower From Important Fibonacci Level!
Nvidia's stock price surged last week, reaching an important Fibonacci extension level (361.8).
The rally has been unprecedented. Nvidia (NVDA) is a large cap tech...
Gold Price Breakout Bullish, But Silver Needs to Play Catch-Up
When the stock market is bullish and in cruise control, we usually see riskier assets performing well. As we often hear, "the market is...
Inflation Update: Silver and Precious Metals On Watch
Not the first time I have given readers this list of leading indicators to watch for a potential rise in inflation:
Silver, especially if it...
Is the U.S. Dollar Quietly Forming a Bearish Topping Pattern?
The U.S. Dollar continues to be the most powerful currency in the world. And for this reason, it's also the most watched.
When the dollar...
Are Sugar Futures Prices Bottoming?
The one caveat to a sustained equities rally, especially after relatively dovish statements by Powell, is the return of inflation.Â
This could happen because of:
Supply...
