These values are presented as a courtesy to our users. We make no warranty as to
the accuracy of these numbers. Our Disclaimer and Terms and Conditions apply
when using our website.

Market Musings

The Dow made a historic high closing above 40,000 on Friday.

The market call has changed to "Market in Confirmed Uptrend."

The STI (Simple Timing Indicator) which is the number of "A" rated stocks in the IBD database  remains above the red line  which suggests adding quality stocks to a portfolio while holding close stops.

Gold, silver and copper continued to show strength.  In fact, copper had a historic short squeeze this week.

After Hamas did not agree to a hostage deal, Israel ramped up its military actions in Gaza to the dismay of the Biden administration.

Do not forget that about 25% of the stock markets value is held by only 5 stocks ... danger ahead?

Have we reached the Minsky moment?  The dollar's reserve status is slipping away taking the U.S. economy towards a slippery slope.

Still if you  believe the government's data, you could think that the economy is doing better.  Looking under the hood paints a much different picture according to Shadow Government Statistics.

Gold and silver prices as well as copper should cause one to question the official data points.

Dare I say that it will be at least another year of dismal U.S. and world economic growth.

And that is if we don't enter a major military war with either Russia or China.

Do not be surprised if the NASDAQ falls through 8,000, the SPX to 2,500 and the DJIA sees the 25,000 level.

Remember -- "Only purchasing power counts!"

It is difficult to find long-term trading opportunities with the future so uncertain. 

By any reasonable measure, this market is dangerous.

Be careful ....

To review the 05/17/2024 FlowChart, click here.

All rights reserved 2001 - 2021 Adrich Corporation

Keep it Safe, Simple and Stay Focused! ™