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What a weekend, eh? Looking at the 5-minute bar chart of the NASDAQ futures, it’s almost quaint to remember the NVDA price spike from only three trading sessions ago (post-close Wednesday), marked with the red arrow (dur-hay). That was truly the last gasp as the market, crazy as the news is, is actually following a marvelously steady slide in a series of Tim-loving lower lows and lower highs.
As we all await to see how the actual market (not weekend guesses) responds to the Iran situation, let’s do something we haven’t done in a long while and check out some key ratio charts.
My long-held thesis that precious metals were going to massacre equities is in full swing, with the NASDAQ collapsing when denominated by the price of silver.
