Even though I’ve written about 40,000 posts (literally), I really do try to avoid repeating post titles. I’m making an exception here, though, since this Simon & Garfunkel line is truly in my heart.
Let’s do a monthly price bars review, shall we? I’ll focus on ETFs, with remarks in the caption of each.
Commodities had their biggest surge in a long while, led by oilThe Dow 30 “diamonds” is threatening to break to lifetime highs, and also achieved its highest monthly close in the history of the universe.Precious metals miners, represented here by the juniors, broke their supporting trendlineSmall caps are dangerously close to an important breakout from this saucerThe Dow Transports exploded in July and are very close to breaking into new highsBanks had their biggest surge since 2021, but they are at crucial resistance.Tech stocks have had an obscene run since last OctoberThe semiconductor sector reached a new lifetime high, led by NvidiaOver the past ten months, eight of the monthly candles have been green, and we’re essentially at the highest level in historyBonds are looking ready for another leg down (which I think would hurt stocks)Oil pushed above and out of its former triangle topFinally, the S&P 100 has had 8 of the past 10 months close with green candles and is quite close to its own lifetime high.
