Charting Highlights

Chart, Trading, Forex, Analysis, Tablet, Pc

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Let’s review nine interesting charts after today’s session. First, we have the China ETF, which remains cleanly beneath its broken trendline.
 


Precious metals miners continue to tear up the carpet, marking a lifetime high pretty much every single weekday.
 


Looking much longer-term, not only is the maniacal ascent clearer, but the RSI demonstrates a value which has never been higher. This is extremely overbought, but it just seems to get overbought-er.
 


This is driven by gold‘s own insane blast higher, of course, which is likewise at a lifetime high every single trading day.
 


And – – kindly hand me a box of tissues for this one – – the palladium trade continues to be absolutely brilliant.
 


Tech stocks have, for the moment, lost their way. The Nasdaq 100 ETF plunged beneath its ascending trendline last Friday and has been marking time ever since.
 


The S&P 500 ETF has likewise been aimless for the past couple of weeks, having broken its own uptrend weeks ago.
 


It seems bonds were weakening a bit yesterday, but they shook that right off and firmly pushed above its prior price gap.
 


Most surprising of all, in spite of a day which was only modestly lower (the /NQ, for instance, was down merely 0.52%), the volatility index blasted to a new multi-month high. One really must wonder what’s going on beneath the surface!
 


More By This Author:

Precious Record Highs
Palladium Again
Annual Bars To Consider
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