Here are some of the most noteworthy trendline developments across the markets for Wednesday, November 6, 2019. Value Line Geometric Composite $VALUG Testing Breaking Post-2018 Down…
Tagged $SLX
Is Industrial Metals Surge A Sign Of Growth In Economy, Market?
Industrial metals are attempting to break their relative downtrend versus precious metals; that has historically been good news for the economy and stocks. There are…
Will Heavy Resistance Test Mettle Of Steel Stock Rally?
A popular steel ETF is testing a perfect storm of chart resistance. As we let the dust settle on some of the post-election market madness,…
Is Resource Reflation For Real?
A number of key charts pertaining to the basic resources sector have scored important breakouts in recent days. As large-cap averages break into all-time high…
Economically Key Industrial Metals Complex Breaking Down?
On March 5, we noted that the S&P GSCI Industrial Metals Index was “Hanging On The Precipice” of a major long-term support level. At the time,…