KEY METALS BUY SETTING UP FOR WEDNESDAY
The CPI is due on on Wednesday and we think it will be inflationary. Metals actually do not like inflation. That may give metals one last push lower and gold is close to …
Fitch put China on a warning to downgrade their debt and that is a huge warning to the world. I remember when China had major problems in 1998 and it how it impacted the US stock market. …
THE LAST BULLS STANDING
The stock market is tiring and many indices have fallen in five waves suggesting that from a late August low, a bounce in September may be the last bull bounce. We have outlined many ugly background …
The first part of the correction on the stock market is due to be over today. NQ broke and projects 15061 on NQ futures.
Stock indices went right up to the breakout point on Friday at 4560 on S & P futures and had a weak close. We have had a bias that this market would break
…
CONFIRMED SELL SIGNALS IN MANY MARKETS
— WHERE ARE THEY GOING?
Fitch downgraded US Treasury Bonds today and the markets were not happy. NQ 100 futures issued a sell signal by taking out 15540. August gold futures broke below 1940 …
ASTRO-FINANCE FOR JULY 2023
By Barry Rosen
The US survived the debt ceiling crisis and kicked the can down the road past
the 2024 elections. What’s another 2 trillion dollars in debt? The military-industrial
complex is enjoying its spoils as …
Getting Ready for Last Stock Market Lift-off
The first set of cycle highs for the stock market is due early next week and we are starting to think the S & P cash will not get to 4200 and the
Crude oil in Trouble
Crude violated a key support zone this morning at 7600 and the break should mean a move to 6905. Recessionary fears are up. We cannot get too bearish as we move into the driving season and
Where is Gold headed?
Gold has to take out 2008 to issue a sell signal and then the max. a pullback would be to 1940 or 1923. It is very overbought. Cycles would give it a chance to hold
