Confirming Evidence of a continued rally:

  • ECRI WLI is up 0.82% year over year.

  • US stocks are in a positive trend relative to Gold (intermediate).

  • Global stocks (FTSE all World with US) are in a positive trend relative to the risk free asset.

  • Lumber rallied last week.

Non-Confirming evidence of a continued rally:

  • The ECRI four week average is still negative year over year (-1.61%).

  • Copper continued to break down against Gold.

  • Small Caps relative to large caps are below the 2018 low.

  • The Yen continues to strengthen.

  • High yield is falling relative to long-term Treasuries.

  • The VIX rallied significantly last week.

  • The Bullish Percent Chart for the S&P 500 has rolled over.

Download The Full Weekly Market Commentary

WealthShield is a division of Emerald Investment Partners, an SEC Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where WealthShield and it’s representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WealthShield unless a client service agreement is in place. Before investing, consider your investment objectives and WealthShield’s charges and expenses.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD extends gains to 1.1200 on sliding US yields, weak data

EUR/USD is trading close to 1.1200, in the wake of the European session as US yields continue falling. The European Parliament elections are in play. US durable goods fell short of expectations with -2.1%. 


GBP/USD off the highs as May announces stepping down on June 7th

GBP/USD is trading below 1.2700 after a quick rise to the upside as UK PM Theresa May announced she will step down on June 7th with Boris Johnson set to take over.


USD/JPY extends slide and looks for a test of May’s low

The USD/JPY pair dropped further ahead of the London fix on the back of a decline of the US Dollar across the board and a pullback in equity prices. 


The market may surprise on the upside in the next few hours with BTC/USD topping $8,250

We reach the end of a week can be characterized as a week of transition. After the strongly bullish days of the beginning of the month, cryptos have reached critical levels of resistance...

Read more

Gold: Bullish flag pattern spotted on 1-hourly chart

The lower end of the descending trend-channel coincides with 200-hour EMA support and should act as a key pivotal point for intraday traders. 

Gold News