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I haven’t seen this many stock market indices testing Fibonacci extension levels at the same time. See several examples in the charts below

Doc Copper has had a rough go of it over the past 7-years and especially of late.

Today, we’ll look at the relationship between 10 Year US Treasury Bond Yield and the ratio of Copper to Gold

Commodities are becoming a hot topic

Chart below compares the Pimco High Yield Fund (PHDAX) to the S&P 500 over the past 20-years.

The bullish trend for SMH remains intact. It would take a break of the support in the chart below at (2) for this leading tech ETF to send a bearish message to the broad market.

The chart looks at the price patterns of the Aussie Dollar over the past 20-years.

The multi-year decline in Gold and the Franc have both testing long-term support at each (2). With the trends for both being down, this support test looks to be one of the most important in the past 15-years!!!

Energy ETF (XLE) has struggled to get above the $80 level while creating a series of higher lows over the past 18-months. This price action could be creating a bullish ascending triangle pattern.

The consumer has always been a good gauge of the U.S. economy. Similarly, investors can gauge the health of the stock market by looking at consumer stocks.

Joe Friday Just The Facts– Both home construction and lumber charts are breaking rising support, sending an important message to the broad markets.

In the chart below, we look at the price action over the past century.

his chart looks at Monthly Crude Oil Futures over the past 16-years, with Fibonacci retracement levels applied to the monthly “closing highs in 2008 and the closing lows of 2016.”

This chart looks at the Nasdaq Composite Index over the past 20-years. The index has spent the majority of the past 18-years inside of rising channel