Posts tagged as Commodities


As gold drops, ETF traders pile in

2020-09-24 | Jason Goepfert


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Precious metals retreat

2020-09-24 | Troy Bombardia


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Silver's correction

2020-09-23 | Troy Bombardia


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Gold has affirmed its 'pet rock' status over the past 30 days

2020-09-21 | Jason Goepfert


Over the past 30 days, gold has formed a 'triangle pattern' of consolidation with no new highs OR new lows.

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Gold's triangle pattern will be key tell for miners

2020-09-18 | Jason Goepfert


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Will gold and silver's consolidation lead to a pullback?

2020-09-18 | Troy Bombardia


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Copper and interest rates aren't doing what they're supposed to do

2020-09-11 | Jason Goepfert


The price of copper has soared while 10-year Treasury yields stay flat. This is a big change from their historical relationship.

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Metals and bonds give different picture as excess liquidity spikes

2020-09-10 | Jason Goepfert


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A coronavirus beneficiary: lumber

2020-08-25 | Troy Bombardia


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Gold's price path has looked like this about a dozen times before

2020-08-19 | Jason Goepfert


The past 100 days in gold have seen a remarkable run, but there have been about a dozen times that look very similar. Same with its correlation to tech stocks.

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Oil and commodities recovery

2020-08-19 | Troy Bombardia


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Gold's analogs and its tight correlation with tech stocks

2020-08-18 | Jason Goepfert


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Leading up to its recent tumble, gold shot far ahead of fundamentals

2020-08-13 | Jason Goepfert


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SLV's deep discount to NAV

2020-08-13 | Troy Bombardia


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Gold optimism finally takes a header

2020-08-12 | Jason Goepfert


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Gold Optix's largest one day drop

2020-08-12 | Troy Bombardia


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Gold bugs push their biggest ETF above what it's worth

2020-08-07 | Jason Goepfert


The biggest gold ETF, GLD, keeps trading at a premium to its underlying value.

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Extreme moves in gold and silver

2020-08-07 | Troy Bombardia


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GLD and SLV premium to NAV

2020-08-06 | Troy Bombardia


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Gold breaks from its main driver

2020-07-31 | Jason Goepfert


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Copper:Gold ratio's downward slide

2020-07-31 | Troy Bombardia


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Gold miners' shining moment

2020-07-29 | Jason Goepfert


Every gold mining stock is trading above its 50- and 200-day moving averages and a near-record percentage of them have hit a 52-week high at the same time.

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Silver's stunning 1 month gains

2020-07-29 | Troy Bombardia


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Gold miners show perfect breadth

2020-07-28 | Jason Goepfert


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The past 3 months' "everything rally"

2020-07-28 | Jason Goepfert


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Demise of the U.S. Dollar

2020-07-28 | Troy Bombardia


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Gold's shiny 7-week run

2020-07-27 | Jason Goepfert


Gold just enjoyed its 7th straight week of gains, the most in nearly a decade and among the longest since 1975.

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As metals soar, safe-haven correlations are breaking down

2020-07-24 | Jason Goepfert


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Precious metals and USD sentiment

2020-07-24 | Troy Bombardia


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Plunge in gold:silver ratio

2020-07-23 | Troy Bombardia


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Silver's massive daily surge

2020-07-22 | Troy Bombardia


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Jump in silver sentiment

2020-07-21 | Troy Bombardia


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Copper turns golden along with stocks

2020-07-15 | Jason Goepfert


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Responding to gold's run, investors flood in

2020-07-13 | Jason Goepfert


So far in 2020, investors have pushed more than $25 billion into precious metals ETFs, a record high even though we're only halfway through the year.

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Investors flood into precious metals, flee emerging markets

2020-07-10 | Jason Goepfert


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Copper's strength

2020-07-08 | Troy Bombardia


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Copper curve flips into backwardation

2020-07-06 | Jason Goepfert


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Gold has had a very good year, and it's only half over

2020-06-30 | Jason Goepfert


Gold has suffered only a small drawdown in 2020 while enjoying big gains. That has triggered some big short positions from "smart money" hedgers.

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Oil rig count is stabilizing

2020-06-30 | Troy Bombardia


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Gold's good year brings optimism

2020-06-29 | Jason Goepfert


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Surging demand for gold and silver

2020-06-26 | Troy Bombardia


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Gold's surge in assets

2020-06-23 | Jason Goepfert


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Indexes, and safe havens, rally without bringing members along

2020-06-23 | Jason Goepfert


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Some factors to consider as we start the new week

2020-06-21 | Troy Bombardia


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Silver is shinier than gold

2020-06-02 | Troy Bombardia


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The bullish/bearish case for gold

2020-05-20 | Troy Bombardia


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Volatility in commodities is receding

2020-05-13 | Troy Bombardia


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Gold miners soar while financials slide

2020-05-06 | Jason Goepfert


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Oil's comeback

2020-05-06 | Troy Bombardia


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Weekly Wrap: Mixed sentiment during the continued recovery, with divergent sector momentum

2020-04-25 | Jason Goepfert


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Stock/Commodities ratio is at a record

2020-04-24 | Troy Bombardia


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News stories

2020-04-23 | Troy Bombardia


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Oil and gold

2020-04-22 | Troy Bombardia


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A day for the history books - oil's crash

2020-04-21 | Troy Bombardia


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Stocks rally on lower volume as gold suffers dislocations

2020-04-09 | Jason Goepfert


The gold market has suffered dislocations, with spot trading below futures, as speculators gamble. The S&P 500 is rallying on lower volume.

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Gold market recovering from March dislocations

2020-04-08 | Jason Goepfert


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Smart money is buying in as the oil market tries to normalize

2020-04-06 | Jason Goepfert


Smart money hedgers have bought $10 billion worth of equity index futures. The oil futures market is trying to normalize.

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Economic surprises suffer historic plunge

2020-04-06 | Jason Goepfert


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Oil's turnaround

2020-04-04 | Troy Bombardia


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Most volatile period in history as oil sentiment plunges

2020-04-02 | Jason Goepfert


Sentiment on oil has plunged to one of the lowest levels in 30 years. The past 30 days has been the most "all or nothing" stretch in history.

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Negative energy

2020-04-01 | Jason Goepfert


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Oil's rout

2020-03-28 | Troy Bombardia


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Sentiment is starting to turn

2020-03-23 | Jason Goepfert


The spread between Smart and Dumb Money Confidence is starting to narrow. Commodities suffered one of the worst couple weeks on record.

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What I'm looking at - valuations, Optix, 2 week crash, volatility

2020-03-21 | Troy Bombardia


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What I'm looking at - ZEW, yield curve, USD spike, S&P's intraday range, commodities collapse

2020-03-19 | Troy Bombardia


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What I'm looking at - sentiment extremes, everything is being sold (U.S. equities, emerging markets, gold/silver)

2020-03-17 | Troy Bombardia


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Market overview: history in the making

2020-03-14 | Troy Bombardia


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What I'm looking at - surging volume, copper's warning, pessimism

2020-03-12 | Troy Bombardia


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What I'm looking at - volatility is back, breadth, tech plunge, gold:silver ratio

2020-02-25 | Troy Bombardia


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What I'm looking at - breadth warnings, USD's drop, gold's rally

2020-02-22 | Troy Bombardia


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Dollar momentum isn't stopping gold

2020-02-20 | Jason Goepfert


The correlation between gold and the dollar is breaking down. The Relative Strength Index for the dollar has now pushed into extreme territory.

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What I'm looking at - growth vs. value, stocks vs. commodities, Hindenburg Omen, Shanghai Index

2020-02-11 | Troy Bombardia


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Island Of Misfit Bears

2020-02-10 | Jason Goepfert


The S&P 500 formed an island formation. Crude oil has now dropped for 5 straight weeks.

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Stocks, Oil Diverge As Corrections Spike

2020-02-05 | Jason Goepfert


Stocks are near highs while crude oil hits a 52-week low. The percentage of S&P 500 stocks in correction territory has spiked.

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What I'm looking at - emerging markets, % of stocks in a correction, copper, oil producers

2020-02-05 | Troy Bombardia


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What I'm looking at - ISM, Hindenburg Omen, oil, semiconductors, China

2020-02-04 | Troy Bombardia


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All Aboard The Bond Bandwagon

2020-01-31 | Jason Goepfert


Investors have pushed more than $60 billion into bond funds in 3 weeks. Industrial metals just hit a 3-year low.

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What I'm looking at - utilities, sector breadth, Hang Seng, copper's plunge

2020-01-30 | Troy Bombardia


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What I'm looking at - split breadth, sudden crash, VIX jump, copper's crash, gap down

2020-01-28 | Troy Bombardia


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What I'm looking at - Medium Term Volatility, sentiment, jumpy VIX, NASDAQ breadth, palladium

2020-01-09 | Troy Bombardia


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Options Traders Are Going All In; Gold Is Almost The Most Overbought Ever

2020-01-07 | Jason Goepfert


Options traders are buying calls, with speculative activity among the highest in 20 years, and gold's RSI indicator is at a historic extreme.

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What I'm looking at: MACD breadth, time extreme, precious metal's momentum

2020-01-07 | Troy Bombardia


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What I'm looking at: breadth thrusts, financial conditions, USD, copper

2020-01-03 | Troy Bombardia


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CRB Index Golden Cross

2019-12-18 | Jason Goepfert


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Smart Money Is Betting On The "Gundlach Ratio"

2019-12-12 | Jason Goepfert


Smart money is betting on the Gundlach Ratio to predict a rise in interest rates, and micro-cap stocks are breaking out.Smart money’s bet on ‘Gundlach Ratio'Respected bond fund manager Jeffrey Gundlach highlighted his use of a ratio of copper to gold to forecast the future path of interest ...

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What I'm looking at - SKEW, gold's year, copper breakout, Pound, palm oil

2019-12-10 | Troy Bombardia


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What I'm looking at - HiLo, coffee, Sweden PMI, AAII and blow-off top

2019-12-06 | Troy Bombardia


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What I'm looking at - financial conditions, stocks vs. bonds & commodities, more on sentiment, soft data, short term breadth

2019-12-03 | Troy Bombardia


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What I'm looking at - Intermediate Term Optix, New Home Sales, small caps breadth, large caps breadth, gold volatility

2019-11-27 | Troy Bombardia


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What I'm looking at - small caps breakout, VIX, healthcare sentiment, cocoa sentiment, global money supply

2019-11-26 | Troy Bombardia


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Risk Is Back, Baby

2019-11-12 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Risk on assetsOver the past 50 days, a handful of “risk on” assets have all returned more than 2.5%, while “risk off” assets have all lost more than -2.5%, ...

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Econo-Dread, Options Fear, Money Tree, Dollar Impact On Earnings Season, Transports, Hated Commodities

2019-10-18 | Jason Goepfert


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What I'm looking at - dividend yields, gold & USD, wholesalers' sales, oil positioning, 50 dma breadth.

2019-10-15 | Troy Bombardia


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Yield Curve Flips As Uncertainty Spikes

2019-10-14 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.NormalizingThe most widely watched Treasury yield curve un-inverted in recent days, triggering some calls that now the risk for stocks has declined, that the ...

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Thursday Color - Momo rebound, AAII stagnant, sector breadth lag, MLP pessimism

2019-10-10 | Jason Goepfert


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Wednesday Color - 1% losses, sensitive sectors to ISM data, no cash cushion, breadth anomolies

2019-10-02 | Jason Goepfert


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Gold hasn't done this for a decade

2019-10-01 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Heavy hedgingThe smallest of options traders continue to protect themselves against a market decline to an unusually heavy degree. Last week, they spent ...

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What I'm looking at - MACD sell signal, Business Climate Indicator, VIX, different surprise indices, gold's 4Q rally

2019-10-01 | Troy Bombardia


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Why this is different than other bull market peaks

2019-09-27 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Bear market momentumThe big drop in momentum stocks earlier this month triggered the theory that the long bull market in stocks was likely over, since ...

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Thursday Color - Gold flow and open interest, bond flow, VIX call buying, Hang Seng rollover

2019-09-26 | Jason Goepfert


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What I'm looking at - South Korean exports, HiLo, gold's top?, no daily movements, India's surge

2019-09-24 | Troy Bombardia


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Gold/Dollar correlation turns positive

2019-09-17 | Jason Goepfert


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Oil's Shocking Jump Is Fooling People

2019-09-17 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Shocking moveThe jump in crude oil on Monday was one of the most shocking in 30 years.For energy stocks, a 4 standard deviation jump in oil prices tended to ...

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Tuesday Color - Big Managers Get Bullish, Gold/Dollar Correlation Spike, Repo Rate, Volatility Premium

2019-09-17 | Jason Goepfert


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What I'm looking at - Germany, Smart Money Index, volume-based breadth, oil spike, Equity Put/Call

2019-09-16 | Troy Bombardia


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Energy sector after oil's 1st 4 s.d. rise in > 6 months during a down market

2019-09-16 | Jason Goepfert


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Oil Shock

2019-09-16 | Jason Goepfert


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Gold's Shocking Drop

2019-09-09 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Gold’s bull runETF traders have consistently poured money into gold funds, even during Thursday’s big drop, which was a “shocking” decline.It started to fall ...

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Monday Color - Better Appetite, Seasonal Fears, Expensive Utes, Overseas Jump, Sugar Dump

2019-09-09 | Jason Goepfert


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Gold after 52-week high and > 25% gain then 2 standard deviation loss

2019-09-06 | Jason Goepfert


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What I'm looking at - Citigroup Economic Surprise Index, semiconductors, breakout, NAAIM, copper reversal?

2019-09-05 | Troy Bombardia


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Wall Street Is The Most Confused In 20 Years

2019-09-05 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.The Street is behind and confusedWall Street analysts have underestimated the growth in S&P 500 company earnings growth for a year, one of the longest ...

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Imminent Recession (So They Say)

2019-09-04 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.An unequal monthAn index that equally-weights each of the stocks in the S&P 500 badly under-performed the capitalization-weighted version of the index that ...

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Wednesday Color - Wall Street Pessimism, Utility Surge, Overseas Flow, Copper

2019-09-04 | Jason Goepfert


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What I'm looking at - ISM PMI, 60/40 portfolio, XLU, gold:silver ratio

2019-09-04 | Troy Bombardia


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What I'm looking at: stocks vs. gold, fractals,McCulley, copper, yield curve

2019-08-30 | Troy Bombardia


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Gold Has Only Done This 4 Other Times

2019-08-29 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Stocks down, bonds upHeading into the last few sessions of the month, the total return on the S&P 500 was on track for one of its worst in almost 30 years ...

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What I'm looking at - DAX, Put/Call, all-or-nothing, gold:silver ratio, AUDUSD

2019-08-29 | Troy Bombardia


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Consumers Vs. Investors As Silver Pops

2019-08-28 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Consumers vs. investorsThe latest Consumer Confidence reading shows that U.S. consumers continue to demonstrate an extremely positive outlook on their ...

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Wednesday Color - Stocks Down + Bonds Up, MACD Sell, Energy Lows, Gold RSI

2019-08-28 | Jason Goepfert


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What I'm looking at - CNN Fear & Greed, Chemical Activity Barometer, silver's 2 year high, SLV Optix, SKEW

2019-08-28 | Troy Bombardia


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Tuesday Color - Social Pessimism, Big Drops, Brazil Breadth, Ag Bears

2019-08-27 | Jason Goepfert


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Gold Beats Stocks' Double-Digit Jump

2019-08-21 | Jason Goepfert


This is an abridged version of our recent reports and notes. For immediate access with no obligation, sign up for a 30-day free trial now.Rising and falling togetherThe major sectors within the S&P 500 have mostly been moving in concert, so correlations have risen quickly over the past month. ...

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What I'm looking at - economic conditions, German manufacturing, Equity Put/Call, New Highs & Lows, Dollar vs. Gold

2019-08-20 | Troy Bombardia


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Panic-Level Selling Last Week As Bonds Hit Historic Extreme

2019-08-19 | Jason Goepfert


Safe haven heavenFriday provided some relief, but the past few weeks have been rocky for stocks. In response, investors moved aggressively into havens like bonds and gold. The 3-week change in the total return on bonds and gold are so far above that for stocks that it’s neared a 30-year ...

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Market overview: combining technicals & fundamentals

2019-08-17 | Troy Bombardia


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One Of These Curves Is Not Like The Others

2019-08-15 | Jason Goepfert


Bulls yieldStocks plunged on Wednesday, with the most common excuse being renewed fears of recession due to a further inversion in the Treasury yield curve. Between various maturities, 60% of the curve is now inverted. That preceded a prompt and severe drop in stocks in 2000, but the three other ...

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Wednesday Color - Curve, Fund Managers, Gold & Yen, 1% Moves, Skew

2019-08-14 | Jason Goepfert


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Monday Color - 8 Straight 1%-ers, Large Calls, Corrections, Gold Buyers, Emerging Momentum

2019-08-12 | Jason Goepfert


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Friday Color - Lows Recede, Summation Rollover, Bad Ag, Bond Bulls (Again)

2019-08-09 | Jason Goepfert


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Thursday Color - Islands, Emerging Streak & Breadth, Signs Of Anxiety, Gold

2019-08-08 | Jason Goepfert


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Tuesday Color - Gold vs Yen, Russell Lag, S&P Divergence, Mexican Breadth, Smart Money Selling

2019-07-23 | Jason Goepfert


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200 Reasons Why The Hindenburg Omen Matters

2019-07-22 | Jason Goepfert


Warning signsFor the first time since October 2018, there are hints of trouble brewing beneath the market. While major indexes have been at or near all-time highs, under the surface there are more and more stocks losing momentum, and there has been a split with many securities at 52-week highs ...

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Bullish Options Traders, Buying Climaxes, Silver Flow, Hedgers' Bets, Breadth

2019-07-22 | Jason Goepfert


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Friday Color - Gold Momentum, Internal Warnings, Mexico

2019-07-19 | Jason Goepfert


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Thursday Color - Fading 'Mo, Energy Stock Drop, Titanic Signal, Cotton, Euro Junk

2019-07-18 | Jason Goepfert


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An Economic Indicator Is Breaking Out - Why That's Bad For Gold Bugs

2019-07-17 | Jason Goepfert


Earnings down, stocks upEarnings for S&P 500 companies are projected to be flat or negative from the same quarter last year. Even with the slowest growth in 3 years, stocks have been ticking to new highs.There was a hint of “whistling past the graveyard” in those rallies, as the S&P ended up ...

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Baltic Dry Index Breakout To New Highs

2019-07-16 | Jason Goepfert


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Tuesday Color - Earnings, ETF Flows, Gold vs Baltic Index, XLY, New Moon

2019-07-16 | Jason Goepfert


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Wednesday Color - Quiet, Fed Talk, Pound, Copper, Bond Optimism

2019-07-10 | Jason Goepfert


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This Is One Of Tech's Quickest Recoveries

2019-07-03 | Jason Goepfert


New highs, but...The S&P jumped to a record high along with several other indexes on Monday (and Tuesday) but fewer stocks were coming along for the ride both days. The percentage of stocks on the NYSE and within the S&P itself has shrunk from when the indexes moved toward new highs in June.That ...

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Why Gold Bugs Shouldn't Fear A False Breakout

2019-07-02 | Jason Goepfert


Risk-on hasn’t caught onMonday’s session was almost totally risk-on, even if the magnitude faded during the day. Most “risk-on” assets rose, which was the case on Friday, too. But over the past 200 days, risk-off sessions have dominated, reversing the trend that led up to the fall of 2018.Since ...

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Thursday Color - Gas, Wall St Strategists, Sector Breadth, Lagging U.S.

2019-06-27 | Jason Goepfert


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Wednesday Color - Tweets, Confidence Spread, Gold, Surprise Impact

2019-06-26 | Jason Goepfert


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Tuesday Color - Less Confident, Relative Lows, Bond Optimism, Gold Surge

2019-06-25 | Jason Goepfert


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Monday Color - Easy Conditions, Canadian Surprises, Gold Rush, Sector Breadth

2019-06-24 | Jason Goepfert


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Gold Just Did Something For The 1st Time In 25 Years

2019-06-21 | Jason Goepfert


Gold’s near-record streakGold broke out to a multi-year high for the first time in more than 2,000 days, which was nearly its longest streak in 40 years.The ends of other super-long streaks without a new high all saw the metal trade lower over the next couple of months. The dollar tended to be ...

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Friday Color - Bond Flow (!), Recession Risk, Breadth Thrust, Gold Options, Stock Screen

2019-06-14 | Jason Goepfert


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What The Fed's First Cut Has Meant

2019-06-13 | Jason Goepfert


First cutThe probability that the Fed will cut rates is rising. It’s still only about a 20% chance in June but more than 80% in July. That will end the longest-ever streak with steady or rising rates. Following these “first cuts”, stocks have done either poorly, or really well, with no middle ...

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Wednesday Color - Reverval, Outflows, Overseas Surges, Copper

2019-06-12 | Jason Goepfert


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Monday Color - New Highs, Material Gain, Financials, Gold, Small Traders, 5 Straight

2019-06-10 | Jason Goepfert


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A Big Jobs Miss As Highs Surge

2019-06-10 | Jason Goepfert


JobsWe saw on Thursday that a big miss in the ADP report possibly meant a big miss in the Nonfarm Payroll report today, and if it dove to a 5-year low, would be a bad sign for stocks. The report missed, but wasn't bad enough to trigger the 5-year low. So at least there's that.But the report did ...

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Friday Color - Jobs, Econ Surprises, 4 Gains, Breadth, Energy, Gold

2019-06-07 | Jason Goepfert


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Buyers' 1-2 Punch For Stocks

2019-06-06 | Jason Goepfert


A one-two rallyThe S&P 500 fell to a 50-day low on Monday, and the charts didn’t look good, but they hid a lot of underlying potential. Both Monday and Tuesday saw eager buying pressure under the surface, and Tuesday’s one-day jump in the S&P was the largest in nearly six months.When the index ...

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Wednesday Color - Gaps, Tuesday's Jump, Breadth Recovery, Bitcoin, Corn

2019-06-05 | Jason Goepfert


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Tuesday Color - Bond Volatility And Optimism, Gold, Flows, Tech Breadth

2019-06-04 | Jason Goepfert


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Monday Color - Cycle Peak, De-Risking, Silver, Breadth Extremes

2019-06-03 | Jason Goepfert


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Copper And Margin Debt Not What They Seem

2019-05-29 | Jason Goepfert


Copper bowled overCopper prices have dropped nearly 10% from their peak, which is unnerving those investors who trust it as a leading indicator for global demand.As a predictor for future stock returns, declines like this have been mixed, with usually positive returns. For copper itself, it ...

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Tuesday Midday Color - Overseas Carnage, Sweet Sugar

2019-05-07 | Jason Goepfert


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Monday Midday Color - Gapped, Slapped, And Beaned

2019-05-06 | Jason Goepfert


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Why Beans Should Bounce

2019-05-02 | Jason Goepfert


No oomph in OscillatorThe McClellan Oscillator hasn’t been able to get above zero even as the S&P 500 and other indexes tick to new highs on multiple days.Over the past 57 years, this has been a negative sign of underlying weakness for stocks, though the sample is small, and the most recent ...

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Soybean Optimism Below 20

2019-05-01 | Jason Goepfert


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Breadth Breathes As A Bearish Candle Engulfs Oil

2019-04-29 | Jason Goepfert


Breadth takes a breatherIn January, breadth momentum was so impressive that the McClellan Oscillator held above 50 for over a month. Since then, it hasn’t climbed above that level even as stocks made great gains.This is a divergence that has triggered near several important market peaks, but the ...

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No Spike In New Highs - What It Means

2019-04-12 | Jason Goepfert


A sparse new high listThe S&P 500 has been hanging near its former high, but relatively few securities on the NYSE have been able to push above their former peaks. It’s now been 300 days since more than 7% of issues on the NYSE hit a new high, ranking as one of the longest stretches in 50 years. ...

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Monday Midday Color

2019-04-08 | Jason Goepfert


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What Happens When Oil Recovers From A Plunge

2019-04-05 | Jason Goepfert


A crude recoveryAs markets sold off in December, crude oil futures fell more than 30% below the 200-day average, one of the largest deviations since their inception in 1986. This week, they made a complete recovery, now trading above the 200-day.Other times the commodity recovered from such a ...

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Thursday Midday Color

2019-04-04 | Jason Goepfert


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An Important Shanghai Rally Amid Terrible Economic Surprises

2019-04-04 | Jason Goepfert


An important thresholdWhen big rallies in the Shanghai Composite failed, fewer than 90% of stocks on the exchange had managed to rise above their 200-day averages. When more than 90% did so, the rallies lasted long-term, at least over the past 17 years. That just happened again.It’s also been a ...

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Economic Surprises Bad For Dollar

2019-04-03 | Jason Goepfert


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Who's Afraid Of An IPO Surge?

2019-03-30 | Jason Goepfert


New issuesThe IPO market is thawing, and we could be on track for a record-breaking year. The only other years that investors absorbed this much in new issues, stocks stumbled the next year. But when accounting for inflation and the growing market value of all equities, it’s not such a worry.If ...

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Friday Midday Color

2019-03-29 | Jason Goepfert


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Tuesday Midday Color

2019-03-26 | Jason Goepfert


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Breadth Momentum Crests As FX Volatility Plunges

2019-03-19 | Jason Goepfert


Breadth surge has crestedAfter seeing a historic run in the momentum of stocks’ underlying breadth in January and February, indicators are showing diverging trends. That’s to be expected after readings like January’s, and historically these “negative divergences” haven’t been so negative. Over ...

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Monday Midday Color

2019-03-18 | Jason Goepfert


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Catching Up

2019-03-11 | Jason Goepfert


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Wednesday Midday Color

2019-03-06 | Jason Goepfert


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Thursday Midday Color

2019-02-21 | Jason Goepfert


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Wednesday Midday Color

2019-02-20 | Jason Goepfert


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Possible Earnings Contraction; Mom And Pop Roar Back; Dollar Momentum

2019-02-11 | Jason Goepfert


Earnings contractionCompanies in the S&P 500 have shown 10 quarters of year-over-year growth in operating earnings, but that streak is in danger of ending. Estimates for this quarter continue to come down.If that’s going to be the case, then traders start to anticipate slower growth, and returns ...

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U.S. Dollar Shows Short-Term Momentum

2019-02-08 | Jason Goepfert


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Nonfarm Payroll Beat

2019-02-01 | Jason Goepfert


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Most Stocks Are Rallying; Put Open Interest Is Rising

2019-01-25 | Jason Goepfert


This is an abridged version of our Daily Report.Stocks are rallyingEven though the S&P 500 is nearly 10% below its high, its Cumulative Advance/Decline Line has rebounded so much it’s almost at a new high.That’s a positive divergence, but historically there hasn’t been much positive about it, ...

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Highly Correlated Markets; Non-Recessionary Bear Markets

2019-01-24 | Jason Goepfert


This is an abridged version of our Daily Report.Highly correlatedOver the past 50 days, markets have been closely following each other. The moves in the S&P 500 have been tight with commodities, yields, and overseas stocks.This has usually happened during times of stress, and long-term returns ...

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High Correlation Among Assets

2019-01-23 | Jason Goepfert


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Fund Managers Long Dollar

2019-01-21 | Jason Goepfert


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Oil And Energy Collapse; RSI Divergence; Smart-Dumb Money Extreme; Overwhelming Lows

2018-12-19 | Jason Goepfert


This is an abridged version of our Daily Report.No energyCrude oil collapsed with a large loss and 52-week low on Tuesday. That’s not what the Energy stock sector needed right now but taking the chance that we’re whistling past the graveyard, the losses on Monday and Tuesday may just be bad ...

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Discounts On MLP Funds; Wall Street Looks To 2019

2018-12-04 | Jason Goepfert


This is an abridged version of our Daily Report.Partnership pessimismOne of the better ways to gain exposure to master limited partnerships (MLPs) is through closed-end funds (CEFs), which often swing to premiums or discounts to the value of their underlying holdings based almost purely on ...

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Fear And Loathing In Bonds; Energy Apathy

2018-11-15 | Jason Goepfert


This is an abridged version of our Daily Report.Fear and loathing in junk bondsHigh-yield bonds had a very bad day on Tuesday, with extremely poor breadth and sentiment.On Tuesday alone, nearly half of all high-yield bonds declined on the day, they went from an almost even number of 52-week ...

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Crude Collapse

2018-11-14 | Jason Goepfert


This is an abridged version of our Daily Report.A crude monthCrude oil has suffered one of its most epic collapses in 30 years and is the most oversold ever. It has lost a quarter of its value from a 52-week high in only 30 days, one of the fastest drops ever. And its Relative Strength Index has ...

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Stock Returns After Crude Collapse

2018-11-14 | Jason Goepfert


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A Weak Retracement; A Dollar Milestone

2018-11-13 | Jason Goepfert


This is an abridged version of our Daily Report.A weak retracementAt its high point of the bounce during the past two weeks, the S&P never managed to retrace more than 61.8% of its pullback from the September peak.It has now started to fail and fall back to the lower end of its range. While ...

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Oil's Near-Bear Market And 7 Straight Losses; Election Toss-Up

2018-11-07 | Jason Goepfert


This is an abridged version of our Daily Report.Oil’s very bad monthCrude oil is nearing a 20% decline from its October peak, a bear market according to most definitions.Optimism has since dropped below 40 for the first time in over a year, but it’s still well above prior bouts of pessimism when ...

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Consumers Are Comfortable As Gold Drops Amid Smart Money Big Short

2018-10-01 | Jason Goepfert


This is an abridged version of our Daily Report.Signs of intense comfortAnother survey is showing a high level of confidence among U.S. consumers. The Conference Board, University of Michigan and Bloomberg surveys are now all near multi-decade highs. When the two oldest are taken together, the ...

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Palladium Rally Not Helping Autos As Warnings Keep Mounting

2018-09-28 | Jason Goepfert


This is an abridged version of our Daily Report.Autos sink despite a “should be” good signThe S&P 500 Auto sector has sunk to a 52-week low despite strong palladium prices, which are at their highest in months.While that’s usually interpreted as a good sign for the sector, it was not, and mostly ...

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Bulls Double Bears Even As Lumber Tumbles

2018-09-27 | Jason Goepfert


This is an abridged version of our Daily Report.Bulls continue to double bearsBulls among newsletter writers in the Investor’s Intelligence survey are more than twice as numerous as bears. This is the 98th straight week, by far the longest ever, showing a historic faith in the uptrend. The ...

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Consumers Can't Lose As Oil Ratchets Up New Highs

2018-09-26 | Jason Goepfert


This is an abridged version of our Daily Report.That can’t-lose feelingConsumers in the U.S. have almost never felt as ebullient as they do now. They are comfortable and confident to a degree rarely, if ever, seen before. The few times in 50 years they’ve been as confident according to the ...

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Yields Not Nudging Dollar As Black Swans Get Priced In

2018-09-20 | Jason Goepfert


This is an abridged version of our Daily Report.Dollar dips despite rate riseThe yield on Treasuries has jumped, but it’s not resulting in a perkier dollar, even though the two usually move in broadly the same direction.The two markets do sometimes decouple, and that has usually led to more ...

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Small Starts To Struggle As Confidence Leads To Dollar Peaks

2018-09-18 | Jason Goepfert


This is an abridged version of our Daily Report.Small hasn’t been so beautifulWhile leading year-to-date, small-caps have been lagging the S&P over the past few months. The ratio of the Russell 2000 to S&P 500 is very close to falling to a multi-month low, a worse sign for small-caps than ...

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Emerging Market Contagion As Hedgers Bet Against Dollar

2018-09-10 | Jason Goepfert


This is an abridged version of our Daily Report.Contagion spreads despite calm crudeStories with “contagion” worries are spiking to the highest level in 5 years.The cause, a collapse in emerging markets, is despite a calm market in crude oil, which has usually acted as a balm on those emerging ...

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Everything "Emerging" Has Declined As S&P Holds Firm

2018-09-07 | Jason Goepfert


This is an abridged version of our Daily Report.Nowhere to hideEmerging market stocks, bonds, and currencies have all declined steadily this year.The three asset classes have declined for an average of 150 days since they peaked, ranking among the longest, broadest declines in 30 years. Similar ...

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Goldman Model Predicts Trouble As Grains Get Hit

2018-09-06 | Jason Goepfert


This is an abridged version of our Daily Report.Model troubleA Goldman Sachs model incorporating five fundamental factors shows a high risk of an imminent bear market in stocks.When the model reaches its current level, the average S&P 500 return over the next six months was negative 6%.No gains ...

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Dollar Fails As S&P Momentum Stalls

2018-08-27 | Jason Goepfert


This is an abridged version of our Daily Report.A dollar failureThe U.S. dollar ended a long streak without a new high in early August by closing at its first 52-week extreme in more than 400 sessions.Since then, it rallied more than 1%, then failed by closing below its breakout price, which has ...

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Smart Money Rushes To Safe Havens As World Stocks Rally

2018-08-24 | Jason Goepfert


This is an abridged version of our Daily Report.Hiding in safe havens“Smart money” hedgers have established extreme positions in safe haven assets including gold, Treasuries, the yen and the VIX.Other times they piled into the havens, it led to fine performance in stocks, and better returns in ...

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A Tepid Rally As Coffee And Sugar Sour

2018-08-21 | Jason Goepfert


This is an abridged version of our Daily Report.A really, really tepid rallyIn the past 90 days, there have been only 3 breadth thrusts, a tepid run as the S&P 500 nears a new high.Rallies with few thrusts did worse going forward than rallies with more of them, but even so the returns were still ...

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Industrial Metals Near Bear Market As Miners Collapse

2018-08-20 | Jason Goepfert


This is an abridged version of our Daily Report.Industrial metals suck, tooPrecious metals’ lesser-followed kin are nearing a bear market, worrying investors as they are traditionally seen as being leading indicators of economic activity.Once in a bear market, industrial metals tend to keep ...

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Precious Little Optimism As Emerging Markets Sink Toward Bear Market

2018-08-17 | Jason Goepfert


This is an abridged version of our Daily Report.Precious little optimismOptimism on gold, silver, and platinum now ranks among the lowest in 27 years.The combined Optimism Index on the three metals has been lower only a handful of days. The few other periods of historic pessimism led to good ...

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Dollar Positions Hit Highs As Investors Leave Equity Funds

2018-08-13 | Jason Goepfert


This is an abridged version of our Daily Report.Non-dollar pain hits year highA measure of positioning in the dollar has reached an extreme level amid its highest level in a year just as it nears its seasonal peak.Forward returns in the buck were weak, especially in the next 3-6 months, while ...

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Treasury Yields Break Tight Range As Metal Sentiment Sours

2018-07-25 | Jason Goepfert


This is an abridged version of our Daily Report.Treasury yield range expansionThe Bollinger Bands on 10-Year yields tightened the most since 2007 as bonds drifted for a month.But then yields broke decisively to the upside, which has usually led to still-higher rates.Precious metal ...

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Gold Sentiment Sours As High Yield Bonds Near Positive Change

2018-07-24 | Jason Goepfert


This is an abridged version of our Daily Report.Gold sentiment soursOptimism on gold dropped to one of its lowest levels in its 7-year bear market, and the lowest since December 2015.When holding through all days when sentiment was this low, gold’s returns over the next few months were ...

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The S&P's Long Correction As Gold Shorts Press Their Bets

2018-07-20 | Jason Goepfert


This is an abridged version of our Daily Report.A really long correctionThe S&P is at day #110 after falling into a correction, surpassing its usual length of around 90 days. Other times an S&P correction lasted this long without either setting a new high or falling into a bear market, it ...

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Low Asset Volatility As Gold Nears Correction

2018-07-19 | Jason Goepfert


This is an abridged version of our Daily Report.Not much movementVolatility in stocks, bonds, and currencies is among the lowest in 25 years.All three have declined over the past month and collapsed since February. The few other similar periods led to gains in stocks, gold, while the dollar ...

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S&P's 6-Month Analogs As Gold Diverges From Inflation

2018-07-16 | Jason Goepfert


This is an abridged version of our Daily Report.Highly correlatedThe S&P’s path over the past six months has some highly-correlated analogs. They showed some weakness over the next couple of months, then strength. The bubble peak in 2000 came close but didn’t make the top 10 of most ...

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Correction Roadmap As Leveraged ETF Bets Soar And Copper Flails

2018-07-12 | Jason Goepfert


This is an abridged version of our Daily Report.Correction roadmapNearing six months, the current correction is about in line with others since 2009. It most closely resembles 2015, which at this point was about to test its lows.A big leveraged betAssets in leveraged ETFs betting on a rally have ...

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Financials' Pre-Earnings Decline As Emerging Markets Struggle While Oil Rallies

2018-07-10 | Jason Goepfert


This is an abridged version of our Daily Report.Pre-earnings declineFinancials dropped 4% in the months leading up to the current earnings season, which begins this week as banks start to release quarterly earnings.Similar selloffs since 1950 preceded rallies over the next month, though it ...

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Copper Drops To 200-Day Low As Value Lags And Gold Sinks

2018-07-02 | Jason Goepfert


This is an abridged version of our Daily Report.Copper slides to 200-day lowCopper closed at its lowest level since last July, a worry for believers in “Dr. Copper.”Its record for stocks is mixed, but for copper itself, it wasn’t a good sign.No valueOverseas investors have favored Momentum over ...

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Economic Surprises Turn Negative, So Do Investors And Gold

2018-06-29 | Jason Goepfert


This is an abridged version of our Daily Report.A slip in surprisesU.S. economic surprises have ended their longest-ever positive streak, after being positive since last September.The ends of other long positive streaks led to mixed returns in stocks, excellent ones in bonds, and poor in ...

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World Markets And Platinum Fall As Utilities Streak Higher

2018-06-28 | Jason Goepfert


This is an abridged version of our Daily Report.World stocks hit 2018 lowWorld stocks have hit a 200-day low while the S&P 500 is more than 8% above its own 200-day low. Similar setups led to a rebound in World stocks over the next 2-4 weeks.Compared to the S&P, World stocks outperformed every ...

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Gold Suffers Death Cross As Financials Stumble

2018-06-27 | Jason Goepfert


This is an abridged version of our Daily Report.Not a Golden CrossGold’s 50-day average finally crossed below its 200-day for the first time in a year, ending one of its longest-ever streaks with a more positive medium- than long-term trend.The metal tended to trend lower in the months after ...

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Small Options Traders Get Aggressive As Soybeans Fall

2018-06-19 | Jason Goepfert


This is an abridged version of our Daily Report.Small traders become aggressiveThe smallest of options traders have become remarkably aggressive in betting on a market rally.Their volume of opening call purchases is nearing record highs, last seen in 2000 and 2007. They are spending more than ...

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Gold Bugs' Bad Day As Cap-Weighted Indexes Take Over

2018-06-18 | Jason Goepfert


This is an abridged version of our Daily Report.Gold bugs’ ruined weekendHeading into the weekend, gold futures suffered their largest loss in over a year, to a multi-month low. When it happened it May, the selling marked an exhaustion and gold worked higher. Most times it did something similar, ...

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Euro Death Cross As Down Days Swamp Up Days, Staples Stabilize

2018-06-11 | Jason Goepfert


This is an abridged version of our Daily Report.Euro Death CrossFor more than a year, the euro’s 50-day average has been above its 200-day average.That trend has now ended, after one of the longest streaks in the currency’s history. The end to other long streaks led to further weakness in the ...

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Few S&P Stocks Above Average As Copper Baffles Bulls

2018-06-04 | Jason Goepfert


This is an abridged version of our Daily Report.The biggest divergence since 2000As the S&P 500 hits a 50-day high, too few of its members are trading above their short-, medium, and long-term averages. The percentage of stocks trading above their averages is far below what we usually see.The ...

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Lots Of Up Days Without Much Impact As Dollar Hits Overbought And VIX Spikes

2018-05-30 | Jason Goepfert


This is an abridged version of our Daily Report.All icing, no cakeThe S&P showed a gain on 57 out of the first 100 days this year, one of its best “first 100 days” ever.Even so, it showed a meager year-to-date gain, suggesting that all those up days didn’t pack much punch. Similar years led to ...

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Energy ETF Traders Rush In As Animal Spirit Indicator Hits A High

2018-05-23 | Jason Goepfert


This is an abridged version of our Daily Report.ETF traders rush into EnergyAssets in the primary ETFs focused on the Energy sector have reached $32 billion, a new all-time high. That’s up 20% in just 30 days, among the most rapid increases since at least 2010.Similar surges led to declines for ...

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Transports Shrug Off Oil As Smart Money Bets On VIX

2018-05-22 | Jason Goepfert


This is an abridged version of our Daily Report.Transports shrug off oil’s riseThe Dow Transports have rallied strongly over the past 30 days even as oil jumped twice as much.Transports have rallied enough to close at a multi-month high. When the sector has shrugged off surging oil prices ...

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Energy Stocks Hit New Highs As Volatility Traders Pile In

2018-05-21 | Jason Goepfert


This is an abridged version of our Daily Report.Energy stocks enjoying new highsMore than 40% of stocks in the S&P 500 Energy sector have reached a 52-week high.That’s the most in more than a year and has preceded declines in the sector in recent years.ETF traders bet on a spike in ...

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Small Caps Lead As Staples Lose Relevance And Energy Can't Lose

2018-05-18 | Jason Goepfert


This is an abridged version of our Daily Report.The leading indexSmall cap stocks, via the Russell 2000 index, are leading the other major indexes in the race to new highs. It’s the only index that has reached a 52-week high in the past 30 days.Other times it led to new highs, it was an ...

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Smart Money / Dumb Money Spread Goes Negative As Gold Falls

2018-05-16 | Jason Goepfert


This is an abridged version of our Daily Report.Spread between Smart/Dumb Money shrinksThe spread between Smart Money and Dumb Money Confidence is negative for the first time in months.By the time it has inverted after other long periods above zero, stocks struggled short-term but not long-term. ...

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Breadth Reaches New High As Oil, Stocks Rally Together

2018-05-14 | Jason Goepfert


This is an abridged version of our Daily Report.A breakout in breadthThe Cumulative Advance/Decline Line has made a new all-time high.Since 1940, that has led to a smaller chance of a large decline going forward, and a smaller average drawdown. When the S&P has lagged the A/D Line like now, it ...

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Bad Eurozone Surprises As Crude, Dollar Rally

2018-05-09 | Jason Goepfert


This is an abridged version of our Daily Report.The euro doesn’t like negative surprisesRecent months have seen the worst economic results relative to expectations in the eurozone since 2011. Only three other periods in 15 years have seen results as bad as this. All three led to weakness in the ...

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New Dollar Trend As Newsletters Keep Selling

2018-05-03 | Jason Goepfert


This is an abridged version of our Daily Report.A new day for the dollarThe U.S. dollar has closed above its long-term average for the first time in a year. Other times it ended a long streak in a downtrend, it continued to rally in the shorter-term.Its attempts at a new trend led to horrid ...

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Bond Aren't Buffering Stocks As Earnings Surprises Near Record

2018-05-02 | Jason Goepfert


This is an abridged version of our Daily Report.Balanced portfolios see unusual lossesOver the past few months, there was a 5-year high in days where stocks sold off and bonds did too.That raises worries that the typical 60/40 stock/bond portfolio allocation will suffer as bonds don’t lift when ...

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Seasonal Overview

2018-05-01 | Jason Goepfert


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A "Bearish" Pattern As Traders Flee Dollar Funds

2018-04-16 | Jason Goepfert


This is an abridged version of our Daily Report.“Bearish” engulfingThe price pattern in the S&P does not look promising, according to textbook technical analysis. Friday arguably was a bearish engulfing pattern that suggests weak buying interest and eager sellers.It has not been a successful ...

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Smart Money Drops As Traders And Economy Favor Dollar

2018-04-10 | Jason Goepfert


This is an abridged version of our Daily Report.Smart money collapseMonday nearly saw a 20-year record decline in the Smart Money Index that compares first hour vs last hour trading. The past 30 days has consistent seen selling in the SMI, suggesting dumb money buying and smart money ...

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Gold Miners Lag As Investment Managers Sell

2018-04-01 | Jason Goepfert


This is an abridged version of our Daily Report.Miners’ minor monthsGold mining stocks have underperformed gold prices by more than 10% over the past couple of months.Due to their higher volatility, this is considered a negative for gold prices going forward. There is some modest truth to this, ...

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Major Volatility As Gold/Silver Ratio Climbs

2018-03-27 | Jason Goepfert


This is an abridged version of our Daily Report.A correction-enderMonday’s reversal completely erased the losses from Friday, marking the third day in a row with a 2% move.Coming after pullbacks in bull markets, sessions like Monday tended to lead to more gains in the medium-term. The last three ...

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Unstable Staples Lead To Energy Bounce

2018-03-22 | Jason Goepfert


This is an abridged version of our Daily Report.Staples are unstableConsumer Staples hit a 52-week low on Wednesday even while the broader market holds up. The only times in more than 90 years we’ve seen this to this degree were in 1993 and 1999, which led to gains over the medium-term.Times ...

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Lopsided Volume Swings As MLPs Suffer Pessimism

2018-03-02 | Jason Goepfert


This is an abridged version of our Daily Report.Everybody out, then in, then out againDuring the past month, volume has been gyrating wildly between losing, winning, then losing securities. A 3-day average of the Up Volume Ratio keeps swinging from one extreme to the other.During uptrending ...

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A "Good" Correction As Silver Specs Give Up

2018-02-26 | Jason Goepfert


This is an abridged version of our Daily Report.Good vs bad correctionsIn these first two weeks following the Dow’s drop into a correction, it has followed the path of many “good” corrections. Those are times when the Dow fell 10% from a high, then no more than a further 7% during the next ...

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Shades Of '87 In Stock/Dollar/Rate Moves As 50-Day Fails

2018-02-22 | Jason Goepfert


This is an abridged version of our Daily Report.Shades of ’87 (among others)Over the past year, stocks have rallied, and the dollar has collapses as the Fed raises rates.That is similar to 1987, but there were also other dates that didn’t lead to nearly such dramatic results. After similar ...

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VIX Panic Subsides As Smart - Dumb Spread Widens

2018-02-21 | Jason Goepfert


This is an abridged version of our Daily Report.Buy the panic, or waitBuying into a panic is hard, and much advice suggests waiting until the panic has subsided.Looking at large spikes in the VIX “fear gauge”, we look at returns following the initial spike versus waiting. Buying into the panic ...

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Leveraged ETFs Skyrocket As Junk Funds Ebb

2018-01-20 | Jason Goepfert


This is an abridged version of our Daily Report.Never more leveragedAssets in leveraged long ETFs are going parabolic while leveraged inverse funds dwindle. There is now almost $4 in long funds for every $1 in inverse funds, a record exposure level.Relative to the gains in the S&P 500, those ...

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Dollar Doldrums Leads To Commodity Streak

2018-01-03 | Jason Goepfert


This is an abridged version of our Daily Report.Dollar doldrumsThe dollar has only been able to rise twice in nearly three weeks, tied for its worst streak since it entered its trading range in 2015.Similar selloffs since then have led to quick rebounds, but longer-term history is mixed and not ...

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Mining Momentum And Gas Rally

2017-12-29 | Jason Goepfert


This is an abridged version of our Daily Report.Mining momentumThe Metals & Mining industry is in the midst of a historic run. Over the past 30 days, it has enjoyed a cluster of up days seen only 4 other times since 1990.Each of the others led to short-term weakness.Gas powered rallyNatural gas ...

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Options Worries As Energy Breadth Surges

2017-12-28 | Jason Goepfert


This is an abridged version of our Daily Report.Trouble signs from the options marketTraders in VIX options appear to be betting on a spike, and they’re usually right. The few other times the options market was set up like this, volatility spiked.Meanwhile, traders in SPY options have been busy ...

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Record Exposure As Small-Caps Drop And Commodities Suffer

2017-12-15 | Jason Goepfert


This is an abridged version of our Daily Report.Record exposureActive investment managers saw a record jump to record exposure and record aggressiveness toward stocks this week.There is a tendency to think this is automatically a contrary sign, but it has not been a consistent signal in the ...

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Good Times As S&P Shrugs Off Financials

2017-12-14 | Jason Goepfert


This is an abridged version of our Daily Report.Good timesLow stress and easy financial conditions have led to high confidence, low savings and good economic surprises.That combination of positive factors has never been seen to the degree we’re enjoying now. Prior “good times” led to mixed ...

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Bitcoin Blow-off, Sector Performance, SLV Pessimism

2017-12-08 | Jason Goepfert


This is an abridged version of our Daily Report.Bitcoin blow-offAnecdotal evidence of a blow-off in Bitcoin has exploded over the last couple of days. That’s hard to incorporate, so using data related to price action and public interest, we see that a sentiment model has reached blow-off ...

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Closing On Lows, Discretionary Streak

2017-12-06 | Jason Goepfert


This is an abridged version of our Daily Report. Closing on the lows (WHAT?!)The S&P 500 fund, SPY, has closed near the day’s intraday low for the past two days, an unusual sight during this strong uptrend that has seen so many intraday dip-buyers. It hasn’t closed on the low on consecutive days ...

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Silver's Inconsistent Signs

2017-07-10 | Jason Goepfert


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Crude Oil's New Bear Market

2017-06-20 | Jason Goepfert


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King Dollar

2016-12-02 | Jason Goepfert


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Knee-Jerk Election Patterns

2016-11-10 | Jason Goepfert


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Gold Has Lost Its Trend

2016-10-06 | Jason Goepfert


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Traders Rush Into Collapsing Gold Miners

2016-10-05 | Jason Goepfert


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Seasonality And Sentiment Screen

2016-10-04 | Jason Goepfert


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Everything Is Rallying On FOMC Decision

2016-09-21 | Jason Goepfert


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ETF Traders Add To Silver Even While It Falls

2016-08-24 | Jason Goepfert


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Quick Update On Futures Positioning

2016-05-20 | Jason Goepfert


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Gold, Silver Open Interest Is Exploding

2016-05-17 | Jason Goepfert


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Gold Concerns Help Fuel Possible Intraday Reversal

2016-05-16 | Jason Goepfert


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Quick Update On Futures Positioning

2016-05-13 | Jason Goepfert


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Quick Update On Futures Positioning

2016-05-06 | Jason Goepfert


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Crude Oil On Cusp Of 7th-Largest Intraday Reversal

2016-04-18 | Jason Goepfert


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Quick Update On Futures Positioning

2016-04-15 | Jason Goepfert


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Crude Oil About To End Record-Breaking Streak

2016-04-12 | Jason Goepfert


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Quick Update On Futures Positioning

2016-04-08 | Jason Goepfert


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Quick Update On Futures Positioning

2016-04-01 | Jason Goepfert


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Quick Update On Futures Positioning

2016-03-18 | Jason Goepfert


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Quick Update On Futures Positioning

2016-03-11 | Jason Goepfert


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Quick Look At Futures Positioning

2016-03-04 | Jason Goepfert


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Quick Look At Futures Positioning

2016-02-26 | Jason Goepfert


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Quick Look At Futures Positioning

2016-02-19 | Jason Goepfert


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Quick COT Update

2016-02-12 | Jason Goepfert


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US Dollar Suffers Major Loss

2016-02-03 | Jason Goepfert


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Crude Sell-Off

2016-01-12 | Jason Goepfert


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Commodity ETF Flow

2015-12-28 | Jason Goepfert


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Crude Oil Term Structure Nears Record Extreme

2015-12-21 | Jason Goepfert


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Anglo Suspends Dividend, Which Marked Its Previous Bottom

2015-12-09 | Jason Goepfert


The last thing a company wants to do is cut its dividend.Steady and rising dividends are a sign of a healthy, responsible company (at least that's what we're usually led to believe). Lowering that payout to shareholders or - GASP! - suspending it altogether is a sign of desperation.And that's ...

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Energy Company Default Risk Is Soaring

2015-12-08 | Jason Goepfert


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Oil Taking A(nother) Beating

2015-12-07 | Jason Goepfert


The U.S. Oil Fund (USO) has been a poor product almost from the get-go, as it struggles to track the price of crude oil while battling the long-term effects of contango.With oil taking another beating today, USO is getting hit especially hard, off nearly 6% so far on Monday.That has pushed the ...

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Money Managers Short More Oil, Gold, Buy Sugar

2015-12-04 | Jason Goepfert


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Money Managers Short The Most Gold In A Decade

2015-11-30 | Jason Goepfert


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Put Trading On Gold Miners Nears Record

2015-11-25 | Jason Goepfert


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