Joined Apr 1, 2010
8,861 Blog Posts
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cannot hear you, Chess.
maybe just slightly with volume jacked up.
Good now?
yes, very good, thanks
Thanks, Sooz!
Chess,
Did you notice how the Russell 2000 was much weaker today compared to the other indexes? Crude oil continues to get smoked… Do you think canary in the coal mine? Just some thoughts.
~Blind Sq
Yes blind sq, thanks and good point. I would lump the lagging small caps in with the TSLA and hot mom’s slowing down.
You are bearish on bonds, but gold/miners with a very similar chart and you are tentativley bullish due to head and shoulders bottom? Why not the same for TLT? Gold shares also have declining 200 day average!
sia,
Great point and thank you for the question. The analogy I would draw would be GDX to the TNX – Which are rates, rather than TLT which is bond price. I think Gold/miners are still in overarching downtrends, but there are enough bullish divergences where I am constructive here if they hold recent lows. I will try to flesh that out in a video. Thanks again for the question.
What software have you used?
FreeStockCharts dot com