Tuesday, April 23, 2024

Technical Analysis: Is Copper Squeezing Toward a Breakout?

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Copper had a dramatic run coming out of the pandemic, more than doubling between March 2020 and May 2021. Now, after a period of...

The Federal Reserve Meets Next Week. Is a Squeeze Coming in Silver Prices?

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Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be...

3 Things to Watch This Week as Stocks Keep Rising With Approval from the...

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Stocks and commodities are inflating along with the economy as the dollar crashes and the Federal Reserve cheers the rally. The S&P 500 rose 1.2...

Metals on the Move as Dollar Takes a Hit

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Metals came back from the long weekend with a bang as money poured into gold and copper. Globex's gold futures (@GC) traded almost 333,000 contracts...

Reopening Stocks Like Banks and Commodities Are Crashing After the Fed Turned Hawkish

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The Federal Reserve turned hawkish yesterday, and reopening stocks are paying the price today. Steelmakers, energy drillers, banks and transports lead the selling. Copper futures...

Two sectors on breakout watch

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This post is intended for educational purposes and should not be considered a trading recommendation. Two sector funds may be on breaking out as bullish...
Mr. Powell and the Punch Bowl

Mr. Powell and the Punch Bowl

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Federal Reserve Chairman Jerome Powell will answer a lot of questions in the Senate this week. But they all come down to one issue:...

Goldilocks Drives S&P 500 to New Highs

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If the longest bull market in history had a patron saint, it would be Goldilocks. This Wednesday marked the 3,453rd session in the uptrend that...

Chart of the Day: Gold is Pushing $2,000

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Gold has consolidated for more than two years, and now it may be inching toward a breakout. The first pattern on today’s weekly chart is...

There Are Signs of Fear Leaving the Market

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Stocks are bouncing today after Washington and Beijing exchanged tariffs. Beyond those headlines, various signs have suggested fear is leaving the market. First, look at...
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