Author: Kevin Klombies

In yesterday’s issue we attempted to explain that while trends tend to run quarter to quarter the start or pivot that initiates a trend may not show up until some later in the first month. Our view (which may or may not...

The relationship between interest rates and equities exists on at least two different levels. We have argued, for example, that trend changes for yields impact the cyclical trend with a 2-year lead. What happens to yields today...

We have been actively involved in the markets for more than 30 years and over that time we have periodically pondered rather odd little issues that have evolved from our various experiences. Without going through the bother of...

The words ‘rally or die’ might be excessively dramatic but that doesn’t alter the fact (in our view) that the markets have reached a fairly critical decision point. Securities, sectors, and markets have...

On any given day the markets don’t have to ‘do’ anything. Prices are prone to wandering with apparent trends changing directions two or three times per session. Over a longer stretch of time, however, trends...

In theory… how far could gold prices decline? We think 600- 700 is still  within the realm of the possible.First is a chart of the ratio between gold and the CRB Index. From the early 1980’s into 2007 the price...

Given that the trend today will likely reflect either the economic strength or weakness from the weekly U.S. jobless claims report… we thought that we would take this opportunity to build a bit of a case in favor of the...

Quite frankly… we look at a lot of charts. In fact we spend a lot of time looking at a lot of charts. We spend even more time fiddling with charts, comparing charts, turning charts upside down, making ratios and...

With more than three decades of experience in the financial markets there are still very few things that we can argue with complete certainty. Near the top of the list, however, is the ‘you can set your watch by it’...