18 Jan 2025 The Dow Jones Industrial Average and The Dow Jones Transportation average both established intermediate term bottoms this past week. Remember, the primary market direction for the stock market is predicated on both of these averages simultaneously being in a primary uptrend or primary downtrend. Primary means the…
12 Jan 2025 GLD, or gold, continues to lead performance for the past 6 months. Gold prices or indication of inflation and/or geopolitical uncertainty. Stock market performance indicated by VTI and VT has backed off as discussed on the Present and Probable Market Trend posts. Long term bonds continue to…
The Dow Industrials have not found a confirmed support level since their downward trend break in December. It takes a minimum of 4 days in the method I use to confirm the bottom or top of a short term trend. A potential bottom day has not even appeared yet. The…
Graphic courtesy of http://stockcharts.com Gold, representing the market for inflation, continues to lead the pack with a 6 month change of 11.76%. The US stock market, representing economic growth in the United States trails the 6 month return of gold by approximately 3%. Long term bonds continue to be negative,…