MarketSurge powers the charts in this video.
Volatility has picked up significantly lately. It is not the good kind of volatility where you have a range expansion that starts a new uptrend or downtrend. It is the messy kind of volatility where you see frequent reversals and chop – if you don’t take your profits quickly, they disappear.
Small caps (IWM) began the year extremely strong, reaching 10% YTD by January 22nd. They pulled back 2% on Friday – they were overdue for some type of consolidation. The silver lining is that Russell 2k’s pullback coincided with a rise in Big Tech stocks. Rotations are the essence of durable market uptrends as they keep the excesses in check.
Silver and gold stocks accelerated their ascent, while the US Dollar is under heavy pressure again. Rare earth metal stocks are off to a strong year – some of them are already on their second upward leg. The next one that is likely to break out is
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