US Markets Bouncing And USD Further Breaking Out
Chris Temple joins me to outline the upward moves in US equities and the continued breakout in the USD. Although the US markets continue to seem a bit confused the last couple days are giving the markets a little room from a further breakdown. On the other hand the USD continues to move higher and is now above 97 and at a level we have not seen since June of last year.
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However, it looks like all the momentum indicators are rolling over.
True, but the weekly chart remains net bullish in my book…
http://schrts.co/93Zr1v
Also true, but I would be surprised if it holds up where you have drawn your support line in light of the daily chart. I hope you prove me wrong.
I actually wouldn’t be surprised if it fills that weekly gap from 3 weeks ago — about 5% lower from here. That’s HUI:SPX. As for the HUI itself, I’ll be surprised if it takes out its September low…
http://schrts.co/q6AGCi
I would tend to agree with you. The last drop in September also filled a gap on the daily chart. I still think there is a retest coming.
Major resistance for the dollar starts at about 3% above the current level…
http://schrts.co/5io8Yw
The Next Scam – JP Morgan Chase Bank’s Ethereum-Built Quorum Blockchain to Tokenize Gold Bars –
American multinational investment bank and financial services company JPMorgan Chase & Co. just announced that their blockchain Quorum will be used to tokenize gold bars.
Adding some pressure on gold:
http://schrts.co/sBcKdo
FXI weekly bull hammer (but it’s only Wednesday):
http://schrts.co/bCFHJ4
Looking good today on both the weekly and the daily. Looks like it might engulf on the weekly if it holds through tomorrow.
CNN’s Don Lemon: “We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them.”
Video – https://twitter.com/RealSaavedra/status/1057467550869540864
That is absolutely scary.
CNN wonders why they will go out of business. They used to be the go to cable news channel.
They used be the go-to news channel only because more people were still fast asleep. CNN has never been unbiased, just sneakier. There’s never been any such thing as a “radical” lefty or a left wing “hate group” as far as CNN is concerned but those terms are constantly pinned on the right and always have been. That’s the M.O. of the sleazy left, the more virtuous/moral/truthful you are, the more radical and hateful they’ll paint you.
The single greatest enemy of all tyrants is the truth.
Dollar looks like it wants a crack at parity.
Hey Ex you probably have seen this already but I’ll post it anyway just in case…….about golden valley if you read in far enough
http://mjgcapital.com/wp-content/uploads/2018/08/July-2018.pdf
Thanks Amigo! I hadn’t seen it yet. Cheers!
Big gap-fill for HUI:SPX…
http://schrts.co/d5T17m