Newcastle, Saturday xxPrice movements noted in this article are weekly not dailyItâs been oil, uranium and iron ore for the last few weeks. Hopefully others will join in.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($118.59 down $0.97, wkly, daily) (back-adjusted) remains in its consolidation zone. But the yield … Read more
St Ives, Saturday 9 SeptemberPrice movements noted in this article are weekly not dailyNot much joy as yet.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($119.56 down $0.78, wkly, daily) (back-adjusted) was stable within its long-term downtrend.Fiat currenciesThe USD index (105.09 up 0.85 pts, wkly, daily) continued its rally.Against … Read more
Newcastle, Saturday 2 SeptemberPrice movements noted in this article are weekly not dailyOil prices have broken their downtrends. Iron ore has broken out too. Other commodities are on the verge of doing so. Could this be the start of the next bull market in commodities?Government bondsThe T-Bond price series to which I have access for … Read more
Newcastle, Saturday 26 AugustPrice movements noted in this article are weekly not dailyNothing of much note to report this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($119.75 up $0.53, wkly, daily) (back-adjusted) broke down through the low seen in October but then rallied to close slightly higher over … Read more
Newcastle, Saturday 19 AugustPrice movements noted in this article are weekly not dailyNo joy in hard currencies nor in commodities.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($119.21 down $1.53, wkly, daily) (back-adjusted) has fallen further to match the low seen in October last year. A bounce from here … Read more
Newcastle, Saturday 12 AugustPrice movements noted in this article are weekly not dailyNothing of much note this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($120.75 down $1.25, wkly, daily) (back-adjusted) rallied earlier in the week then fell back. The downtrend is intact.The yield of the longer-dated 30-yr TBond … Read more
Newcastle, Saturday 5 AugustPrice movements noted in this article are weekly not dailyWatch out below for iron ore?Government bondsThe T-Bond price series to which I have access for my Metastock charts ($122.00 down $2.25, wkly, daily) (back-adjusted) fell sharply earlier in the week before staging a partial recovery on Friday. The trend remains down.The yield … Read more
Newcastle, Saturday 29 JulyPrice movements noted in this article are weekly not dailyThe big news is that oil prices have cut their downtrend lines.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($124.25 down $2.13, wkly, daily) (back-adjusted) continues to look negative. The yield of the longer-dated 30-yr T-Bond (4.03% … Read more
Newcastle, Saturday 22 JulyPrice movements noted in this article are weekly not dailyNothing much of note this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($26.38 down $0.06, wkly, daily) (back-adjusted) continues to look negative. The yield of the longer-dated 30-yr T-Bond (3.9% even, wkly, daily) remains in uptrend.Fiat … Read more
Newcastle, Saturday 15 JulyPrice movements noted in this article are weekly not dailyThe fall in the USD and the consequent strength in the AUD is the main feature this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($126.44 up $2.69, wkly, daily) (back-adjusted) rallied back up to resistance. I … Read more
Newcastle, Saturday 8 Jul 2023Price movements noted in this article are weekly not dailyThat new high in the US market turned out to be a furphy, so all bets are off.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($123.75 down $3.16, wkly, daily) (back-adjusted) has clearly broken its 7-months … Read more
Newcastle, Saturday 1 JulyPrice movements noted in this article are weekly not dailyThe S&P500 on Friday made a new high in this bear market rally or new bull market or whatever it turns out to be. That is significant.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($126.91 down $1.00, … Read more
Newcastle, Saturday 24 JunePrice movements noted in this article are weekly not dailyWe are in another equities correction.Meanwhile gold and bitcoin are moving in opposite directions, so to get back in sync gold will have to rise or bitcoin fall. Perhaps the latter.Government bondsThe T-Bond price series to which I have access for my Metastock … Read more
Newcastle, Saturday 17 JunePrice movements noted in this article are weekly not dailyMain features are the continuing strength in equity markets and the rally in the AUD.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($127.34 down $0.16, wkly, daily) (back-adjusted) is still holding onto the support afforded by a … Read more
St Ives, Saturday 10 JunePrice movements noted in this article are weekly not dailyNothing of major significance this week.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($127.50 down $0.44, wkly, daily) (back adjusted) held above support. The yield of the longer-dated 30-yr TBond (3.89% up 0.05%, wkly, daily) remains … Read more
Newcastle, Saturday 3 June 2023Price movements noted in this article are weekly not dailyWhen is a bear market rally no longer a bear market rally? When it breaks through to an all time high.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($127.94 up $2.03, wkly, daily) (back adjusted) bounced … Read more
Newcastle, Saturday 27 May 2023Price movements noted in this article are weekly not dailyWeak commodities, weak AUD. And is the S&P500 going to break out next week?Government bondsThe T-Bond price series to which I have access for my Metastock charts ($125.62 down $1.53, wkly, daily) (back adjusted) continued its fall. It is now in the … Read more
Newcastle, Saturday 20 MayPrice movements noted in this article are weekly not dailyBond yields are still rising, most commodities are still falling, but global equity markets look promising.Government bondsThe T-Bond price in the futures series to which I have access for my Metastock charts ($127.15 down $3.56, wkly, daily) (back adjusted) pulled back sharply. It … Read more
Newcastle, Saturday 13 MayPrice movements noted in this article are weekly not dailyHave lithium and rare earths turned?Government bondsThe T-Bond price series to which I have access for my Metastock charts ($130.72 down $0.25, wkly, daily) (back adjusted) continues to mark time within its long term downtrend.The yield of the longer-dated 30-yr T-Bond (3.78% up … Read more
Newcastle, Sunday 7 May 2023Price movements noted in this article are weekly not dailyPublishing this a day late because I was watching the coronation on BBC.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($130.96 down $0.69, wkly, daily) (back adjusted) scarcely changed in price. It has been marking time … Read more
Newcastle, Sunday 30 AprilPrice movements noted in this article are weekly not dailyMy caution last week on equity markets was misplaced in the short term.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($131.66 up $1.75, wkly, daily) (back-adjusted) rallied a little. It is arguably still in long-term downtrend.The yield … Read more
Newcastle, Saturday 22 AprilPrice movements noted in this article are weekly not dailyA degree of caution is warranted.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($129.90 down $0.81, wkly, daily) (back-adjusted) fell back a touch.Fiat currenciesThe USD index (101.82 up 0.27 pts, wkly, daily) held above the support at … Read more
Newcastle, Saturday 15 Apr 2023Price movements noted in this article are weekly not dailyThe stock market rally continues, and the rally in BTC.Government bondsThe T-Bond price series to which I have access for my Metastock charts ($130.71 down $3.38, wkly, daily) (back adjusted) pulled back from that significant resistance at $135 which I mentioned in … Read more
Newcastle, Saturday 8 AprilPrice movements noted in this article are weekly not dailyOil prices have broken their downtrend but the iron ore price failed to break through.Government bondsThe price of the T-Bond whose data I have access to ($134.09 up $2.94, wkly, daily) is nearing significant resistance at around $135 on back-adjusted charts. The yield … Read more
Newcastle, Saturday 1 AprilPrice movements noted in this article are weekly not dailyThe S&P500 has broken out again. I have moved from cautious to neutral.Government bondsThe T-Bond price ($131.15 down $1.18, wkly, daily) continues to consolidate below significant resistance at $133-134. And of course the 30-year T-Bond yield (3.69% up 0.45%, wkly, daily) is broadly … Read more
Newcastle, Saturday 25 MarchPrice movements noted in this article are weekly not dailyHave written a shortened version this week because I am travelling.Government bondsThe T-Bond price ($132.34 down $0.38, wkly, daily) has still not broken through the resistance shown by the dotted line on the daily chart.Fiat currenciesThe USD index (103.12 down 0.59 pts, wkly, … Read more
Newcastle, Saturday 18 MarchPrice movements noted in this article are weekly not dailyOil to fall, hard currencies to rise against fiat currencies, questionmark continues over equity markets.Government bondsThe T-Bond price ($132.72 up $3.38, wkly, daily) rallied strongly on Monday, to resistance provided by the highs in December and January, and subsequently has held on to … Read more
Newcastle, Saturday 11 MarchPrice movements noted in this article are weekly not dailyOn Friday big movements occurred in US markets as economic uncertainty increased. The T-Bond yield, the USD and the equity markets, all fell heavily.Government bondsAfter edging up a little earlier in the week the T-Bond price ($129.34 up $4.47, wkly, daily) rose sharply … Read more
Newcastle, Saturday 4 MarchPrice movements noted in this article are weekly not dailyIt has not yet been demonstrated that the equities bear market rally is over. And gold has broken its short-term downtrend.Government bondsThe T-Bond price ($124.87 up $1.00, wkly, daily) had fallen to a new recent low by Thursday but on Friday it rallied … Read more
Newcastle, Saturday 25 FebruaryPrice movements noted in this article are weekly not dailyIs the bear market rally over?Government bondsThe T-Bond price ($123.88 down $1.91, wkly, daily) fell for the 4th straight week. So the 30 year bond yield (3.94% up 0.05%, wkly, daily) rose again. The bond security I have access to for the bond … Read more