NYSE Advance/Decline acting healthy, near all-time highs…

 

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The NYSE weekly advance/decline line declined a little last month, yet it did not break short-term rising support (right chart). The small push higher of late has it back near all-time high levels.

The NYSE index (left chart) finds itself moving above rising support and near long-term resistance. NYSE index should edge higher until the A/D line starts declining. 

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Commodities…Time To Catch A Falling Knife?

 

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Commodities ETF DBC has been a little soft over the past seven weeks, losing around 7% in price (-2% YTD), while the S&P 500 has been flat (lower chart).

The top chart is the TR Continuous Index, which finds itself testing dual support, one of them being a 14-year rising support line.  

This index has been soft for the past four years, while the stock market has continued to rally. In the big picture, what happens here could be very important for commodities overall direction in the months to come. 

Some believe in the idea of buying low and selling higher. Is now the time to "Catch A Falling Commodities Index???" 

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Silver…Most important Price Point In 10-Years???

 

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Silver has lost almost two-thirds of its value over the past three years. This decline has Silver hitting a 10-year support line inside of a three year falling channel.

Joe Friday....Very important that Silver holds at this long-term support line!!!

I am interested in buying some Silver should support break and it reaches the $15 zone.

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