Topdown Charts

Share this post

Chart of the Week and Weekly Report Highlights

topdowncharts.substack.com

Discover more from Topdown Charts

We help investors make decisions with confidence by identifying opportunities, alerting you to risks, and keeping you informed with meaningful macro insights
Over 14,000 subscribers
Continue reading
Sign in

Chart of the Week and Weekly Report Highlights

This week: EM vs DM, Chinese property prices, US Credit Spreads, Gold price outlook, Gold & USD, Gold Miners, Silver speculation...

Callum Thomas
Nov 16, 2021
3
Share this post

Chart of the Week and Weekly Report Highlights

topdowncharts.substack.com
Share

This email provides a look at what we covered in the latest Weekly Insights report

The weekly insights report presents some of the key findings from our institutional research service, providing an entrée experience (in terms of price and size).


Chart of the Week - US Dollar Breakout

Breakout or Fakeout? -- USD: The DXY has made an initial breakout back above the 95 level. However, the resistance line in question saw several failed break DOWN attempts over the past few years - back when that same line was acting as support.

In other words, I would caution against getting necessarily too excited about this initial breakout. Meanwhile some of the medium/longer-term indicators I keep tabs on have not shifted or been negated by the current move.

So much like the move in gold (which we talk about in the latest report), I would be treating this initial breakout with some skepticism.

EDIT: 3 Feb 2022 — as noted on Twitter, the DXY has been chopping around support, with volatility in price and breadth reflecting an element of indecision. Weight of momentum seems to be upwards, but with competing forces in the background.

Key Point:  Previous false breakdowns suggest skepticism for the current breakout


If you haven’t already, be sure to subscribe to our paid service so that you can receive the full reports ongoing (along with access to the archives, monthly asset allocation review, and Q&A).


Topics covered in the latest Weekly Insights Report:

  • Credit Spreads: As risks rise we look to a number of reliable indicators.

  • Gold Outlook: Upgrading to a neutral outlook given tactical indicators.

  • Gold & USD: We look at whether or not the two can both rally further.

  • Gold Miners: Why we remain bullish given the weight of indicators.

  • Silver: We talk through why it looks good, but with due skepticism.

  • Emerging Markets: EM vs DM relative performance reaching fresh lows.

  • Chinese Property: Key chart documenting materially weaker prices.


Subscribe now to get instant access to the report so you can check out the details around these themes, as well as gaining access to the full archive of reports.


Thanks for your interest. Feedback and thoughts welcome.

Sincerely,
Callum Thomas
Head of Research and Founder at Topdown Charts

Follow me on Twitter
Connect on LinkedIn

3
Share this post

Chart of the Week and Weekly Report Highlights

topdowncharts.substack.com
Share
Top
New
Community

No posts

Ready for more?

© 2023 Topdown Charts Limited
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing