Ed Moya – Was July’s Market Rally A Bear Market Bounce?
Ed Moya, Senior Market Analyst at OANDA joins us to recap the market bounce for July and addresses the main question of is it a long term bottom or simply another bear market rally. We discuss possible Fed policy, data that matters moving forward and a couple of the key markets Ed is watching.
Maybe it needs to test its 2016 high of 40.27 or one of the MAs on either side of that number…
https://stockcharts.com/h-sc/ui?s=NEM&p=W&yr=6&mn=9&dy=0&id=t5876959350c&a=1218156422&r=1659392987634&cmd=print
Hi guys, I found the weekend show on my Google podcast app but this interview is not available on the Google podcast app. Best regards
Gold bottomed precisely at the uptrend support based on the bear market low of late 2015 and the subsequent major low of late 2016. Adding to the nice overall appearance of the action is that the angle of ascent of the support is “just right” (not too steep and not too flat).
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=3&dy=0&id=t6467898538c&a=1214531882&r=1659393822092&cmd=print
Matthew, Thanks for all your chart work. Every thoughtful perspective makes a difference.
You’re welcome Marty and thank you.
Silver sure looks promising to me. It just took back 4 weeks of losses in a matter of days and now looks ready to take back months of losses in a matter of weeks.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=M&yr=14&mn=7&dy=0&id=t8178233879c&a=1163584321&r=1659415221271&cmd=print
A weekly close around 21 is probably all silver needs to really get moving.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=M&yr=20&mn=0&dy=0&id=p72922551423&a=801131773&r=1659416243427&cmd=print
The move back to 50 will be underway if silver can close this quarter at about 25.25 (roughly 24.90 should do it for Q4 if this quarter disappoints).
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=Q&yr=50&mn=11&dy=0&id=t7357684858c&a=714975649&r=1659417407370&cmd=print
Two of those links expired quickly so here they are again:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=M&yr=14&mn=7&dy=0&id=p66852268489&a=1163584321&r=1659448818105&cmd=print
Wow, can I breathe easier, once again. So the big guy waxed a terrorist. Smoke & mirrors, Pelosi walking the red, white & blue. Whatever the deal, seems like it’s already pre-orchistrated. When does her husband buy gold & silver?
Looks like SSRM popped .. Thanks Matthew!
Wow, that was quite swing after that premarket strength; it’s already 4.3% off its low of a few minutes ago!
https://stockcharts.com/h-sc/ui?s=SSRM&p=D&yr=0&mn=11&dy=0&id=p08021065984&a=1194767677
Some up and some down and mostly even. First time I have seen that …. NOT.
Took 15 minutes to go negative.
Added to NG Energy. Flow rates out and Doc Jones and others that understand that stuff say they were good. Price down 20% after hitting on well and good flow rates. What’s new algos?
NG down but ask Germany this winter?
NEM just tested and rejected the 7/26 bar of 16.5 million with 7 million….It needs to close above the 44.94 low to matter…But if it can then we should see a motor under the big cap gold miner GDX…glta……4 minutes till bell…Wykoff test and rejection in process….
https://tos.mx/1L71Pbx