What is the current trend? While SP500 has made record highs, there is a divergence with the Smallcap Index and Transports. Which way this resolves, nobody can say. But this a red flag and we should respect that.
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SP500 vs Gold
We have written about the inverse relationship between SP500 and Gold. In times of fear, Equities fall and money flows into Gold. So what are the relative charts of Equities vs Gold suggesting now? The above chart shows Gold vs…
Smallcap Index conquers 10k
The Smallcap Index in India has been in a strong bull run. And now it has conquered 10K. We had highlighted the bull case in Smallcaps when there was a MACD cross on the monthly charts. See the last 15…
Crude very bullish
Crude Oil is very bullish. It has rallied a fair bit this year. While it is testing a trendline from 2008 high, the KST has given a buy signal on the monthly charts. This is a powerful signal and being…
Global Stocks vs US stocks
US stocks are in a well established bull market. But is it time to rotate to Global stocks? The relative chart of Foreign Stocks vs SP500 doesn't seem to suggest that. It is well below the 50 month moving average.…
