Technical Speculator ...your financial market review

The March 2024 Newsletter has now been posted.

These documents are the first pages of the 24-page March newsletter

Topics in this month's research report are Commodities: Precious metal shine the most.  International Equities: Reverse of trend.  U.S. & Canadian Equities: New highs for major indexes.  Breakouts!  Four promising stocks breaking above key resistance levels.

In the commodity section, The trend comparison between the S&P GSCI Commodity Index and the US 10-year T-bond yield and what that means to natural resources going forward, how deflationary assets continue to dominate inflationary assets.  The outlook for gas prices in Q2 (and why drivers are going to be pleased), gold's connection to the US 10-year yields, Industrial metal are still showing no love to investors, and the US dollar still shines until mid-year.

International equities continue to break out.  No sign of slowdown as the Dow Jones Global index posts a new two-year high,  Japan's Nikkei takes the top spot in 90-day performance, Germany's DAX, France's CAC, and Italy's stock index jump to new all-time highs. 

In North America, new all-time highs for the US major equity indexes confirm the movement going into mid-year.  Greed continues to dominate investors as sentiment indexes,  several key inflation gauges show more work is still needed by the Fed. The Dow takes the pole position in 90-day performance.  US markets are now overbought.  Canada's TSX continues its breakout from 22 months of consolidation and sector strength continues to broaden with only a few industry groups posting a negative return.

 

To read the complete March Newsletter, go to www.technicalspecular.com, login and follow the links.

Enjoy.