Chart 1 – Broad Market… Even though some are still calling for a correction, what we’re seeing with breadth in all timeframes is that the recent move up in the S&P 500 is legit, as breadth has also improved. What this means is that the entire broad market is getting a bid, rather than just tech stocks. This is one … Read More
Charts Charts Charts (Issue #81)
Charts 1 to 4 – Broad Market… One can look at this and say, “Wow, so impressive!”… In reality, the S&P 500 hasn’t done jack the past 6 years relative to real value… Who knows, breadth also seems terrible when we look at the S&P 500 Equal Weight relative to S&P 500… With my own set of indicators, we can … Read More
Surge Copper (SURG.V) – When is it Too Expensive?
We know that SURG has both the Ootsa Project and the Berg Project… With Ootsa, SURG would need to make a deal with Imperial Metals so SURG can use Huckleberry mine’s infrastructure. We have no idea whether this will ever happen, so Ootsa is an optionality play for SURG, so we will value it at $0. If a deal unlocks, … Read More
Charts Charts Charts (Issue #68)
Charts 1 and 2 – Broad Market Stuff… Below the chart of S&P 500, we can see that the number of stocks above the 20, 50, and 200 moving averages (breadth) has been declining, while the price of the S&P 500 has closed higher. What does this mean? As the S&P 500 continues to get bid up higher, there are … Read More