Month: July 2020

The GOLD/SILVER trade got very noisy past couple days….and very extended…thus…rest time? The dollar is also very extended to the downside. Growth now mostly basing after good run. The good news: hardly any names have broke below the 50 day average. Crappy earnings still get bought. We mean crappy. Fed two day meeting…blah blah easy…

Second real bad day yesterday for NASDAQ-types in past 2 weeks. The last time, the next day after the vicious drop, the NASDAQ reversed up. This time, most all technology names did not go back to highs and now fall hard. Some worse than others.  Nevertheless, looks to be decent tops at the very least…

DO NOT FORGET…EARNINGS SEASON. Market broadens out. Areas like housing/housing-related, medical products, economically-sensitive show up on screens. Gold/silver remain strong…just extended. Look for settling down and another entry. Financials, for the most part, no oomph. Off floor but still no oomph. Maybe soon. Oils…a little better. Some things look to be bottoming. Tech finally slowing…