10/6/2025
Years ago I read an analyst comment on an extended market, his comment
Market in vertical position, further analysis not possible.
One might say that about stocks, gold and silver.
Hourly Dow
On the hourly chart the DOW has backed off but then it did that Sept 23 as well. Our target is 46,881 for an extreme, and that has not been bettered yet, emphasize yet. The SPX and NDX set new highs today. Bullish consensus is at mult-year highs. Yet in SPX and NDX only about half the stocks advanced today, but that is to be expected in weighted indexes.
TBF a Bearish Bond Fund
On the hourly chart, we have a wave one up, two down and three is now beginng. This will take ten year yields higher, say 4.3-4.4% on this move, and eventually past the previous 5.1%. Buy TBF NOW.
Bullish consensus for gold and silver is at 93 and 905. Gold jumped another $75 today, the trend is up. As previously stated social mood is positive to gold and silver and THAT is the reason for the advance.
More this week, I hope you are enjoying blogspot, I certainly am, no problem posting charts.
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