The correlation between stocks and gold/silver continues to persist. Many see gold and silver as a hedge against a weak stock market but this isn't always the case as you can see in the comparison chart the last couple of weeks. If stocks begin selling off with more velocity this trend/correlation will only strengthen as we've seen in past sell-offs. 2008/09 and...
Ending the week above the 200 day moving average could signal the all clear for Canadian energy stocks to finally begin rallying in earnest.
XLF is threatening to break out above the 2007 highs and begin a new leg higher. In the short term it's safe to expect a bit of a battle up here
Crude oil is trading within it's range but has now taken out a couple important trend lines and looks like it may test some lower areas of support.
A divergence worth paying close attention to as this market is looking for a reason to "correct" or "pullback"...
This potential HS top is continuing to look probable...