The on-balance volume (OBV) is one of his favorite leading indicators, and here, MoneyShow’s Tom Aspray demonstrates how to use it on a longer time frame to identify stocks that are being accumulated.
The choppy nature of the 1st quarter is not surprising after the
action in 2013. The sharp declines in the Nasdaq 100 and biotechnology
stocks have caused some technical damage that would normally take time
The relative performance analysis of the SPDR Diamond Trust (DIA)
suggests that it may be taking over market leadership. It has lagged
for the past year as it is up just 13.8% versus a 21.1% gain in the Spyder Trust (SPY) and 26% gain over the past year in the PowerShares QQQ Trust (QQQ). (more)
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Today KWN is putting out a special piece which has some absolutely
outstanding charts that were sent to us by David P. out of Europe.
These are charts that the big bullion banks follow closely in the gold
and silver markets, as well as big money and savvy professionals. David
lays out the roadmap for one of the greatest opportunities in more than
a decade for investors in the gold and silver space.
Below are the fascinating charts sent to us by David P. out of Europe which feature this opportunity.
Below are two charts showing the HUI Gold Bugs Index vs S&P 500.
This ratio has seen some massive moves the past 15 years. The HUI
index did bottom against the S&P 500 back in 2001 at 0.03 and then
went as high as 0.55 in 2011, for a staggering 1,830% gain. After that
peak, it has fallen back to 0.1, which represents an 82% collapse (see