The Golden Sunrise
The essential morning read for investors!
Golden Sunrise is the Golden Surveyor’s broad-based market and world view.
Written daily 4am-7am by markets information specialist GS John!
Today’s Golden Sunrise
Wednesday, June 30, 2010
Hours of daily research consolidated for you
Ugly Quarter Ends Today
The S&P 500 on a quarterly chart…after 4 straight rising quarters on declining volume, Q2, 2010 is decidedly negative on a big increase in shares traded. The momentum indicator is headed down and is nowhere near oversold.
Volatility headed in the opposite direction: quarterly
Flight to safety bonds, represented by the 20year Treasury ETF: we are well into the bar of Q4, 2008 following the Lehman disaster with substantially more money flowing into this space if the volume indicator is a valid measure of where the money is going.
The dollar on a quarterly chart: Like the VIX and the bonds, the dollar index has, in general, move the opposite direction of the stock market.
One thing that has done well and looks good going forward: Overbought right now near all-time highs.
A gold miners ETF, the GDX:
What do the charts tell you?
JohnR
Goldensurveyor.com
