teamco

Read Richard Russell for decades. Learned Dow Theory & language of mkts from him. Been making $ for decades based on that. Below r some occasional observations

[teamco @teamco]

Proof of life message here. 2 thoughts. 1st, still solidly of the mind that PMs r in a secular bull mkt tho deep into a corrective decline squeezing out speculative excess. 2nd, recent broad mkt nervousness is healthy given continued good earnings. Love new hi in broad AD line.

[teamco @teamco]

$gold & $silver @ point bulls need to defend. Both have pulled back to their 200D M/A & worked off overbought condition that had them too far > their M/A. Been 3mos in pullback mode. If pullback is correction bulls need to make stand here. #HUI index & spot gold charts attached

[teamco @teamco]

PMs caught in bit of a vortex here. PMs usually do well in inflation heating environment yet implication of aborted rate cut cycle by Fed now more than offsetting that. Think this is a cyclical downdraft in secular PM bull. CBs around the world prolly more gold than $ friendly

[Jurrien Timmer @TimmerFidelity]

Gold remains somewhat compromised here as its correlation to bonds has also swung to positive, but I suspect that this is only a temporary situation. The ever growing global money supply suggests that gold should be trading $1,000 higher.

[teamco @teamco]

RNG bulls spitting the bit for immediate opportunity to break > 3yr trading range. Back into range, for how long? Watching to see if bulls can reset & at what level. Also, broad mkt looks divide, narrowing pockets of strength, growing areas of weakness. $RNG , $SPX, $QQQ

[teamco @teamco]

Watching RNG to see if it is going to replay its Gap/Run/Pullback scenario of Feb/March/April as it tries to breakout of its 3 year trading range. Two charts attached

[teamco @teamco]

@aynirealtor Did Seth just get hacked again? A post just a minute ago about buying a Cyber truck thanks to his crypto coach?

[teamco @teamco]

Love when opportunity knocks. DBC is Invesco's Commod Tracking ETF. The weekly chart looks like bulls about to clinch a major success. Not often you see an important category break above a 4yr long trading range. An important message for all if the commod bulls succeed. $DBC

[teamco @teamco]

FYI . . . couldn't resist, bought a bunch more SLV today, the physical silver ETF, @ $76.90 . . . too many puzzle pieces falling into place indicating the big Jan-March correction is over. A move & hold above $84.99 is next major objective for bulls! $SLV $HUI $GLD

[teamco @teamco]

Here r spot silver charts as of a few moments ago. Silver continues to show renewed perkiness. I contend that a close > $81.02, & we r @ $85ish, up $4+ this morning, will be solid indication the big correction from Jan 28 $118.35 high is over. More deets later $Silver $SLV $Gold

[teamco @teamco]

Quickie heads up, spot silver price looking very perky, as if correction from the January 28 high may well be over. Bulls immediate objective is to close above $81.02 . . . if they can close & hold that level, would be very constructive! Will try & post w/chart EOD

[teamco @teamco]

Quickie heads up, spot silver price looking very perky, as if correction from the January 28 high may well be over. Bulls immediate objective is to close above $81.02 . . . if they can close & hold that level, would be very constructive! Will try & post w/chart EOD

[teamco @teamco]

Watching RNG to see if it is going to replay its Gap/Run/Pullback scenario of Feb/March/April as it tries to breakout of its 3 year trading range. Two charts attached

[teamco @teamco]

Caught my eye. RNG attempting a breakout from 3+ yr bottoming/accumulation pattern. Now nicely > its 50 & 200D M/As; vol expanded on pop above the range; RS looking perky. It's a global cloud communications enterprise. Daily & Hrly charts attached
$RNG, $IWF, $IWY, $IWV

[teamco @teamco]

$DBC , a broad commodity based ETF, is knocking on the ceiling of a 4yr range. In June 2022 DBC hit a closing wkly Hi of $30.23, it's been < that since. This morning, DBC finally traded > the 2022 high. Nibbling here . . . Need to push & close higher to confirm a breakout!

[teamco @teamco]

DBA, an agriculture based ETF, attempting to break above a downwardly sloping overhead resistance line that's held price in check since Feb 2025. Closed > line yesterday & higher still in pre open. Vol exploded past 2 months. Looks playable. Grabbed a bunch w/a stop below $27.06

[teamco @teamco]

@atrupar Karoline Leavitt going full Baghdad Bob on us

[teamco @teamco]

@KnicksMemes If Mets President of Baseball Ops David Stearns were a trader for Steve Cohen @ Point 72 and had 7 winning trades & 15 losers, blowing $380 million of the bosses money in the process, he wouldn't have been shown the door, he would've been thrown out a top floor window! #Mets

[teamco @teamco]

During WWII the mkt bottomed April 1942. The war ended in 1945. This mkt bottomed 3/30/26 & has EXPLODED higher since. Don't know what it sees that it likes so much, but one wonders if maybe a comprehensive regional settlement can be hammered out? Something's got this mkt excited

[teamco @teamco]

Just for shits & giggles here is a prediction. Would bet that as the 8PM deadline for Trump's threat to annihilate Iran nears he will announce that while there is no deal yet . . . enough progress is being made in talks that he is going to hold off for now.

[teamco @teamco]

This chart from CharlieBilello/Creative Planning showing historical returns for S&P500, 1928-present, is priceless. Mkt proxy ETFs make it easier than ever to avoid drastic drawdowns of individual stocks. Bottom line, there's no better alternative to protecting & growing wealth

[teamco @teamco]

If you've ever wanted to fly on one of those Hurricane Hunter airplanes the current investing/trading environment is the markets version of that . . . up 1,000 one day, down a thousand the next. Bring Dramamine & paper bags with you . . . $SPY, $QQQ, $IWM, $VIX

[teamco @teamco]

Market has, cause of exogenous events, wrung excess bullishness with a modest pullback. This has been a drip decline absent a capitulation puke. Decline is opportunity. Where is ultimate low? No one knows. But, **IF** S&P can close > 6,500 would b big 1st constructive hint. $SPY