US Markets Might Be Looking Stronger Than You Think
I hope everyone is having a good Presidents Day in the US and Family Day in Canada!
Chris Kimble, Founder of Kimble Charting Solutions joins me to shares some US market chats that support the argument for general strength. Looking at the Advance/Decline lines for the S&P, NYSE, and Dow there are new highs being formed. This says that a broader number of stocks are leading this recovery, which is bullish. He also gives a quick mention to the oil market.
All the charts we discuss are posted below for reference.
Click here to visit Chris’s site. Link will open in a new window.
GDXJ:SPY uptrend:
http://schrts.co/iaVPnjGm
Thanks, Cory & Chris – Good stuff. The amazing Vanguard fund VWINX isnt showing any signs of stress at this time.
https://stockcharts.com/h-sc/ui?s=VWINX&p=M&yr=20&mn=11&dy=0&id=p8344490812c&listNum=4&a=646916415
I no longer doubt that stocks can go even higher but I do doubt very much that it will be bad for the gold miners if they do. Gold is set to at least hold its own versus stocks and that will be all the gold miners need.
GDXJ:GDX looks superb for the bullish case:
http://schrts.co/eVVMtayp