The chart below is outlining the monthly development for Precious Metals. Gold, Sliver and Platinum are equally weighted and each bar is showing one month of trading activity.

According to the chart, there is now an inside bar on a monthly scale. There is a lower high and a higher low signalling some sort of pause to the last months weakness. Going into the fall, an upcoming stronger move is to be expected from a technical perspective.

From July's close to the top of the latest bar there is + 9.7%. Until metals is trading above this level, the downtrend is continuing for the longer term.

2022-09-04 19:15 | Gold, Silver, Platinum, Longer Term, Medium Term, Metals

This graph below is showing Gold, Silver and Platinum prices equally weighted on a monthly scale. Each bar counting one month of trading activity.

June consolidated (sideways to lower) after May weakness, creating an outside Red bar making upcoming direction unclear for now. Trading above (or below) June highs (low) will trigger further direction for precious metals.

2022-07-03 16:49 | Gold, Silver, Platinum, Longer Term

Here is the monthly chart combining the DAX and the Nasdaq100 indices.

There are now 5 months of lower highs on a monthly scale. YTD, the two indices are collectively - 16%.

The latest May bar is Red and still indicating weakness. As long as there is a lower low and a lower high on a monthly scale, weakness is prevailing for the longer term. From June 1st close, there is more than + 4% to the latest bar top. Only getting above this point could revalue current bearish stand.

2022-06-07 06:39 | Nasdaq100, Dax, Longer Term

There is weakness in the metals space on a monthly scale. This is following the seasonality patterns for now. The chart below is consisting of Gold, Silver and Platinum equally weighted.

As markets are soon entering the summer, the monthly chart is showing a new lower low with a lower high. According to the chart above, Metals as a whole must soar + 7.5% or more from June entry, in order to potentially change the current weak picture. 

2022-06-04 14:33 | Gold, Silver, Platinum, Longer Term, Metals

As this weekly chart is pointing out, Gold is stronger than Silver on a weekly scale.

The latest Blue bar is making a higher high and a higher low indicating more support to Gold prices than of the Silver prices.

As long as this graph is showing higher prices, Gold is performing stronger relative to Silver.

2022-05-03 01:58 | Gold, Silver, Ratio, Longer Term, Medium Term, Gold Silver Ratio

Continuing the Nasdaq100+DAX story. The weekly chart for the combined markets is shown below.

As there again is a lower low and a lower high in the weekly chart, markets are showing continued weakness (and no strength) going forward.

Latest In depth on Nasdaq100 index.

Latest in depth on DAX index. 

2022-04-24 15:30 | Nasdaq100, Dax, Longer Term, Medium Term, Stockmarkets

Below, you find Nasdaq100 and DAX set toghether.

As pointed out last week, if this week was weak the resumption of the downtrend could find its way lower.

The chart is now showing a lower low and a lower high, indicating weakness for markets. Only a 5% gain could possibly jeoperdize the downtrend from the first week of January.

Latest In depth on Nasdaq100 index.

Latest in depth on DAX index. 

2022-04-17 22:36 | Nasdaq100, Dax, Longer Term, Medium Term, Stockmarkets

STAY ALERT!

The weekly chart below,

shows the American Nasdaq100 index and the European DAX index put togheter in one graph.

The lastest weekly bar is showing a lower high and an equally lowpoint from the week before.

Upcoming weakness could prove current upswing in markets to be "fake", for then to see the longer term downtrend from beginning of January to resume. 

In depth Nasdaq100 index.

In depth DAX index. 

2022-04-10 15:32 | Dax, Longer Term, Medium Term, Nasdaq100, Stockmarkets

The monthly chart below is showing the American Nasdaq100 and the European DAX indices. Both indices are equally weighted into the graph. It should represent where stockmarkets are currently trading.

The monthly pattern continue to create a lower low and a lower high. The Red bars indicate that markets are weak. For the chart to regain Blue strength stockmarkets need to collectively soar as much as 9% from their March closings. 

2022-04-01 10:34 | Nasdaq100, Dax, Longer Term

So where are the stockmarkets at in Mid February of 2022?

For Europe, most investors look at the DAX index as a proxy for the market. In the USA and all over the world for that matter, the Nasdaq100 is a popular index. Putting both of them together into one graph is interesting because it could tell you more about the stockmarkets temperature in general.

At 14.600, the Nasdaq100 is -10.5% and at 15.400 the DAX -2.5% YTD. Putting them toghether, they now see weakness over the last 5 weeks.

On a weekly scale Nasdaq100 and the DAX see a lower low and a lower high. This favours lower prices to come. Bias to the upside would see higher highs and higher lows.

Until the indices are able to climb into creating a Blue bar, weakness will continue.

For updates on the indices and seasonality, see Nasdaq100 and DAX.

2022-02-16 08:59 | Nasdaq100, Dax, Longer Term, Medium Term