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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.63

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Nov 19 4:00 PM EST

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bull_dozer

The Ox

To: Johnny Canuck who wrote (52895)	5/2/2020 3:33:52 PM
From: Return to Sender	2 Recommendations Read Replies (1) of 68144

Last time I posted these industry charts was 2015. The gold charts are at the bottom of the list. Note that Biotech and Semi's are rolling over faster than some of the areas of the market that really have had little reason except the FED to rally at all. Everything is starting to head downward including gold. Gold is not as safe a haven in a bear market as many would like to believe. Of course it's arguable whether we are even in a bear market? 6 Month Charts of Various Industries and Sectors versus the $VIX and Some Other Indicators: Gold and Gold Stocks are seen as a hedge against inflation and are often used in a flight to safety when uncertainty hits the stock market. They generally trade in an inverse fashion to the US Dollar but not always. In addition in a bear market even gold stocks sell off. Finally gold prices also are subject to long term secular trends that can result in both years of out performance and even decades of under performance.

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