CLICK ON CHART TO ENLARGE The above three assets are “very sensitive” when it comes to the growth/inflation story. Each of them have been making a series of lower highs since May of 2011! Now they are breaking support lines of rising wedges and pennant patterns. CNBC wrote and article this week titled “Get ready [...]
‘Shanghai index’ Archive
For months the news has been floating around that a Real Estate bubble has been forming in China. Recently 60-Minutes did a piece on this theme (Watch China Real Estate Bubble Video here) Is a slow down in the building process in China causing the challenges below for the Shanghai index? CLICK ON CHART TO [...]
U.S. Dolllar breaks 10-year resistance channel, Euro breaks down….is this what is hurting Commodities?
CLICK ON CHART TO ENLARGE U.S. Dollar is doing something it hasn’t done in 10-years… breaking from its decade long falling channel at (1) above. At the same time the Euro is breaking support inside of its falling channel. Is the US$ strength the cause for these leading commodities to be breaking support in the [...]