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Semiconductor stocks are representative of the growth engine in the market. They are cyclical and technology driven.

So when the Semiconductors Sector (SMH) slows down, investors should take note.

Long-term bulls do not want to see this broad stock market index forming a Head & Shoulders topping pattern right here as there is plenty of room to the downside.  

One key indicator is to watch what "dumb money" is doing, currently within 1% of the all-time highs!

Volatility is ticking higher. No need to be a hero – gold bulls will now look for a higher low to form in weeks ahead.

The Euro is facing an important price test that could highly influence the next big move in the metals markets.

The 8-week rally in EEM has it attempting to break above its 1-year falling channel and its 200-MA line at (2), as momentum is attempting to turn up.

In my business, a picture (chart) is worth a 1000 words.

The ole saying “So Goes The Banks, So Goes Stocks” could be very accurate right now! This dual chart looks at the S&P 500 and the S&P/Bank Ratio on a weekly basis over the past 13-years.

Based on my chart pattern analysis below, weakness to start of the week has Crude attempting to break below very short-term support. Keep a close eye on Crude the next couple of weeks, as it could be predicting the next major move for both at this key price level.

Mining stocks are facing an opportunity they haven’t seen many times in the past 8-years!

Over the past few months, QQQ could be forming a “Head & Shoulders” topping pattern. It’s possible the 8-week rally off of 10-year rising support is forming a right shoulder.

Gold is currently knocking on a key breakout resistance level in the chart below at (3). A bullish message will be sent to bulls if Gold can breakout above the 2017 monthly closing highs!

Two charts below provide a current look at the pattern in silver and a long term view showing silver hitting strong resistance at this time.

Zooming in on the chart below, you can see that the Banks are testing an important downtrend resistance line. 

Doc Copper often times sends important messages, to the global economy, reflecting growth or lack thereof. An important price test is currently in play for Ole Doc Copper!