DOW drives Higher

 1/12/2025 Mondaty

THe DOW and SPX drove higher while the NASD and NDX did not. 

 

 See the divergence?  SPX drives higher but the tech heavy NDX topped in late October. This divergence has marked past market tops, it will this o one as well. 

Gold silver and stocks have marched higher in lock step.  I expect metals and stocks will also retreat in unison. That could happen as early as Wednesday this week. 

 Silver is the black bar and SPX are the single bars. Both have joined in the same final parabolic rally. Yes this rally has been something to observe. I cannot recall a time that silver and gold made so many successive highs at a market top. I am sticiing with the idea 

Silver in Parabolic Move

 This is a ten day moving average on the sixth month chart of silver. Note that the solid line has become much more steep than teh Aug-Oct period, this is what I mean by parabolic. Arithmetic is 2x, parabolic is x squared. Prarbolas always reverse to the downside in similar fashion. 

The dollar will not bottom until gold and silver top and turn down, simple as that. 

I agree with,for once, Janet Yellen, the markets should be more concerned about the sub poena of Powell.  Maybe they will by Wednesday.

I know I have been looking for a top for some time, patience. See the weekend posts on stock orice to sales of the market compaies.