Author: Daniel
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Weekly Update S&P 500
This week, the S&P 500 had no gain and finished the week where it started, with a lot of ups and downs, rallies on Tuesday and Thursday, and a sharp drop-off on Friday. On a one-hour chart, it is interesting to notice the retest that occurred on Thursday followed by strong move up. Two converging…
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Important Test for Bitcoin
This week’s discussion will revolve around Bitcoin. We discussed Bitcoin in an article we posted on X on the 8th of May. In the article, we suggested Bitcoin would find support and move further up, which is exactly what happened. Are you wondering when to buy Bitcoin as an investor? Explore our tailored services and…
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Weekly Update S&P 500
This week, the S&P 500 had a gain of 0.7%. The index rallied on Monday and Tuesday, but experienced moderate losses on Thursday. Last week, we wrote about an uptrend that had been established since the start of June (green on the chart). This uptrend channel was broken on Friday, indicating growing weakness in the…
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Gold Miners at Support
We’ll take another deep dive into GDX, the gold miner ETF, this week. We discussed GDX in an article we posted on X on the 29th of May. In the article, we suggested a correction would occur, and that prediction came true. Are you wondering when to buy the gold miner ETF as an investor?…
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Weekly Update S&P 500
This week the S&P 500 had a gain of 1.6%. The index rallied on Monday, Tuesday, and Wednesday. A dip and quick recovery on Tuesday presented a good buying opportunity. Last week, we wrote about a support zone that held on Friday last week, and since then, the S&P 500 has only gone up. In…
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Break Out in Bonds
This week’s analysis centers on TLT, a 20+ years Treasury Bond ETF. A weekly chart of TLT that goes back to 2022 shows a long-term trend line has been established (red on the chart). The trend line is being tested right now. Are you wondering when to buy Bonds as an investor? Explore our tailored…
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Weekly Update S&P 500
This week, the S&P 500 had a gain of 1.05%. There was a short dip on Monday followed by gains on Wednesday. Another dip occurred on Friday, but the index quickly recovered, driven by the unemployment data. In the 1-hour chart of the last two weeks, you can see the S&P 500 was in a…
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How far will yields drop?
In this week’s post, we will take a close look at the 10-year treasury note yield, which has been rising since the start of the year but showed weakness in the last couple of weeks. This weekly chart of the 10-year yield (TNX) goes back to May 2022. Since then, a nice trend line has…
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Gold Miners at Risk?
In this week’s post, we will take a close look at the gold miner ETF GDX, which has had a very strong move to the upside in the last three months. On the 20th of March, we described in a post on X how GDX was approaching a long-term trendline and presented a good buying…
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Weekly Update S&P 500
This week, the S&P 500 had a gain of exactly 0.0%. The index essentially went nowhere until a significant loss on Thursday. However, on Friday, the index managed to recover, bringing it back to even. Despite the mid-week volatility, the overall performance remained flat. Our last position which we placed has been active since April…