The USD INR has broken out of a falling trendline. See the chart below. We have discussed this before. Money rotates between various asset classes. If equities have to fall, money has to flow into other assets like Bonds, Currencies…
Month: October 2020
Double Top in Nasdaq?
The NASDAQ seems to be repeating a pattern seen in 2018. The index moved higher in 2018 and also made a double top (see the blue line in the chart below). The RSI however made a lower reading and this…
Bonds vs Stocks ratio shows Stocks still Bullish
The Bonds vs Stocks ratio is a very important tool to gauge the current trend of the market. Money rotates between assets and when money is flowing into bonds it is bullish for Bonds and Bearish for Equities. The reverse…
Copper in a Bullish Trend
Copper being in a bullish trend is very good news for the Economy and Equities. Copper has important uses in all daily applications and so rising prices are bullish for the Economy. See the chart below. This is a monthly…
Bitcoin Trend Analysis
Bitcoin has had a huge move from the lows.It has hit 18900 levels in 2017 and then crashed to 3190 levels in 2018. From there it has bounced to almost 13000. See the weekly chart of Bitcoin. It is above…
