In the last two weeks we have seen sharp sell-off in commodities and equities. Some asset classes were hit harder than the others. I’ve adjusted my trend channel on the commodity index. 200 day moving average is now short/intermediate term resistance at 660 level. On the weekly scale the commodity index rebounded from the lower boundary of […]
Will the unemployment rate in U.S. decline towards 6% in the following years? Here is a quote from Warren Buffett: “The U.S. unemployment rate could fall to as low as 6% within a few years. In an interview on Bloomberg TV, Buffett said the U.S. will come back big time on employment when residential […]
Here is a chart of US 10 Year Treasury Notes. The chart is plotted on a weekly scale and analyzes the past decade. Long term trend lines worked perfect. In the second half of 2007 T-Notes broke out of a four-year long downtrend at 108 level and rallied towards 120 and then towards 130 level. Since the beginning […]
This chart shows the Dow Jones Industrial Average on a weekly scale. I’ve been reading analysis of the US indices forming a possible H&S top or going through a distribution phase that could reverse the uptrend. I believe Dow Jones Industrial Average is forming a sideways consolidation range. Symmetrical triangle or a contracting range should be regarded […]
The chart above shows the Goldman Sachs Commodity Index for the past 5 years. Different from other updates on this post I wanted to show that the uptrend in commodities is still intact and continues in a clear parallel trend channel. In the last few months we have seen commodities pulling back to their 200 day moving averages and finding support. This […]
