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Chart In Focus

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March 04, 2021

Bitcoin’s Quirky Leading Indication for Stocks

The relationship between Bitcoin and the stock market is an extremely curious one.  Stock prices are supposedly backed by the future earnings capacity of the company.  Bitcoin’s value is not really backed by anything.  Its value is whatever somebody thinks the value is.  And yet the price of Bitcoin and the level of the SP500 do indeed have a relationship.  The frustrating thing is that it is assuredly an imperfect relationship.  And it has been a changing relationship over time.  Back in 2018, I wrote about how the movements of Bitcoin prices seemed to give about an 8-week leading indication for… more

 

Past Charts in Focus

Feb 26, 2021

small chart Yield Curve Steepening, and Small Caps

Feb 18, 2021

small chart Simple Vs. Complex Oscillator Structures

Feb 11, 2021

small chart Understanding M2 and Stocks

Feb 04, 2021

small chart Bond CEF A-D Line Confirming Higher Price Highs
 

Jan 29, 2021

small chart VIX Analog Shows Pop Was On Schedule

Jan 21, 2021

small chart Looking Deeper at the NAAIM Survey Data

Jan 14, 2021

small chart Gold Leads Interest Rates

Jan 07, 2021

small chart Extreme Point for Nasdaq Volume
 

Dec 30, 2020

small chart COT Data for Canadian Dollar Has Message for Oil

Dec 17, 2020

small chart Bitcoin as Messenger

Dec 10, 2020

small chart Fosback Absolute Breadth Ratio Says This Is Not A Top

Dec 03, 2020

small chart Gold Prices and Full Moons
 

Nov 13, 2020

small chart Bumpy Price Oscillator in GDM

Nov 05, 2020

small chart Post El Niño Cooling Means a Bottom Soon For Bond Yields

Oct 30, 2020

small chart Stocks and Polls - Different This Time?

Oct 23, 2020

small chart VIX Open Interest Says This is Not a Top
 

Oct 15, 2020

small chart Gold Prices Lead Interest Rates

Oct 01, 2020

small chart Presidential Cycle Pattern Calls for Choppy October

Sep 24, 2020

small chart Gold and Small Caps, A Broken Relationship

Sep 18, 2020

small chart Is QE Good For Gold Prices?
 

Sep 10, 2020

small chart Circling Back to a Recent Non-Divergence

Sep 03, 2020

small chart COT Report Data on Copper

Aug 27, 2020

small chart Rainbow Convergence In T-Bond Prices

Aug 20, 2020

small chart Commercial Traders Are Long Dollar Index Futures
 

Aug 13, 2020

small chart Gold and Consumer Sentiment - The Linkage

Aug 06, 2020

small chart Lumber Prices Outpacing Timber

Jul 31, 2020

small chart Corn and Wheat Prices Headed Higher

Jul 24, 2020

small chart Silver Blowoff
 

Jul 16, 2020

small chart Crude Oil: Uptrend to October

Jul 10, 2020

small chart Traders Chase QQQ, “The Only Thing Working”

Jun 30, 2020

small chart Crude Oil 10-Year Lead Update

Jun 17, 2020

small chart Copper/Gold Ratio
 

Jun 11, 2020

small chart Rogue Wave Follow Up

Jun 04, 2020

small chart Non-Divergences Are Better Than Divergences

May 28, 2020

small chart Unemployment Is Not “Good”, But It Is Bullish

May 20, 2020

small chart Higher High for HY Bond A-D Line
 

May 14, 2020

small chart Gold’s Choppiness Index

May 07, 2020

small chart Investors Fleeing Out of SPY

May 01, 2020

small chart Dow Stocks’ Behavior Says More Uptrend Ahead

Apr 23, 2020

small chart VIX Open Interest Still Lagging Price Rebound
 

Apr 14, 2020

small chart Covid-19’s Effect on CO2 Levels

Apr 09, 2020

small chart Don’t Tug On Superman’s Cape

Apr 02, 2020

small chart Sudden Surge in Bearishness

Mar 26, 2020

small chart QE is Bullish for Stocks, Bearish for Bonds
 

Mar 19, 2020

small chart Stock Market Showing Another Example of “Rogue Wave” Behavior

Mar 12, 2020

small chart Gold Moving Lower Despite Covid-19

Mar 05, 2020

small chart VIX Rise Overdone, But Part of Enduring Trend

Feb 28, 2020

small chart Fed Pulling Back from Repos at The Wrong Time
 

Feb 20, 2020

small chart It Takes 15 Months for Yield Curve Inversion To Be Felt

Feb 13, 2020

small chart Crude Oil’s Drop Was Foretold by Gold

Feb 06, 2020

small chart Choppy or Simple Structures in McClellan Oscillator

Jan 31, 2020

small chart How are Stocks Going Up While Earnings Go Down?
 

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