Transcription
Hey everyone, hope they're having a good day. My name is Andy. My channel's Finding Value. Today we're going to do our daily technical analysis, updated commodities, work our way through the dollar, yields, precious metals, and commodities, ETFs that I follow. I'll interject my financial opinions as we go through it together.
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Let's dive in. Take a look see what's going on today. So starting with the DXY, it's rolling higher. It's looking good to to continue on up. We're seeing yields strengthen and the dollar strengthen. And this was it did turn out to be a bottom of that hammer. They call it a hammer candlestick where you've got a little guy at the top and a handle that you can hammer with. Those are generally could be reversal candlesticks and it is reversing higher.
We've got two-year yield up 6%. We're still within the pattern and we are seeing some strength here towards the bottom with the wicks at the bottom there. And we'll see if we can get some uh upside momentum being generated here. 10 years up 6. That's just underneath resistance. I'd like to see it pop through that if we are going higher. Otherwise, we're underneath a little bit of resistance. The 30 years up 44. That looks really good. We've got a nice little tight uh flag pattern pennant formation and we could break out here in the short term. It looks good to continue higher.
Bond prices as as yields go up, bond prices fall, and we did see that today. We saw a downward move 085% and I I think this is going to break lower with time guys with time, not immediate. With time it will break. the two and the 10 is holding steady in terms of yield curve. So, we're just chopping sideways here. It looks like it wants to try to turn higher.
We've got TYX G&X ratio which is sitting right on top of support. Uh we didn't get a huge tailwind behind gold and silver at least from this particular metric. Uh and gold didn't really move much of anywhere. was up about $5 an ounce and we've been just consolidating sideways up against some resistance. That's why there's wicks at the top of these candlesticks here. Silver's up 3.3637%. Uh it's ripping. It looks really good. Uh we're in the move to the upside and I don't see any reversal candlesticks at this time. Uh everything looks pretty solid here for silver.
Platinum's also up 2.83%. It's been ribbon. You can see the move there. 1 2 3 4 5 6 seven straight days of pretty good moves. Uh we will be coming into some resistance at some point here soon right here or up here. Uh and we'll see if that resistance has any impact on the price here over the next few trading days and weeks. Platium up 86% that's continuing on up looks good and uh that's a breakout here from this consolidation. Uh we are getting a little bit you know extended but uh I I don't I don't I don't worry about that stuff. I mean if I were to look at this I'd look at it from a long-term perspective and I'd just stay long. I I wouldn't really worry about the short-term market movements. I really wouldn't. and and everything's been I mean everything's been going up in the precious metal space here.
Uh XCU to gold ratios breaking higher. I have my nice little um breakout uh arrow from yesterday that is in fact uh working out pretty well today. It's up quite a bit uh versus gold. GDX up 2.46 breaking out of its pattern. EXJ breaking out of its pattern and Soulj breaking out of its pattern. So, we're in an uptrend like we didn't notice. Yeah, this is going to continue higher until it doesn't. And we could we could have a long way to go. I mean, everything looks good to continue higher here across all those.
Crude oil up about a percent looks looking like it's trying to find its footing here. Uh we'll see if we can try to break out at some point. Uh again, it might take some time. Uh we've got projects coming online. Uh 25 uh quarter 1 26 will probably be a transition area. Quarter 1, quarter two of 26. And we'll see if we can I mean it could it could take off at any time here. We'll see what happens.
We've got TTF gas up 2.18. That's starting to head a little bit higher. Uh, we are breaking through some of this resistance, which is a good thing. I guess I have to hold this down. We're breaking through some of that resistance there. And then natural gas in America. We're finding support. Right where I thought support would be would be the circle. And we're in there trying to find it and turn. It looks good. Sitting on top of this support structure, which is the channel. So, that looks good.
Our boy XOP, yeah, you know me. up.36%. We still have some downside momentum. I don't know if that's been worked off yet. Uh it is possible to get down here in that circle, which is a possibility. Doesn't mean it has to do that, but it is possible because we haven't worked off that downside momentum yet. OIH up 1% again. I still think we could head a little bit lower here in the short term if that momentum continues. I don't see a a clear turn yet. Uh, and that would be a shoulder ahead and then a shoulder. So down here is a possibility of where we could go. And that's probably where I would guess is the low 260s.
Newcastle coal futures are down just a little bit, but this is bottoming, guys. We're in support for uh putting in a base breakout retest. And this is your retest here. That's basing right on top. Profit uranium trust is down a little bit probably doing like a return move or a bloody nose. It's a bloody nose is a continuation pattern higher that I've seen but we did break out of this resistance trend line there. Uranium futures pricing down slightly just chopping sideways. Still looks good to go higher. URA up uh 4.4% looking pretty solid today. Um, I had my upward candle or my upward arrow there. Um, I've been bullish the whole time, guys. So, whether this goes up in the short term as much, I mean, it was up a lot today, but we're in the move, guys. We are bearish, bullish, and we're in the bullish move. So, I'm bullish, guys. I'm bullish the whole way. UNM up about 5%. UNJ up 8.25%. to 5%. Uh, I'm a bull, guys. I am a bull. It doesn't The short-term little market movements like this, it doesn't matter.
Nickel down slightly. Still looks good. It's broken through resistance to the upside. Looks good to go higher. Uh, copper's up86%. It is trying to break out of this resistance box. Uh, when it does, we're going to see things fly in the copper space. It's going to look very, very good. So very very good there. Looks looks very bullish. COPX continues higher up 1.66. That's also trying to get up above that box. It's like right on top of it. We'll see if it can stay up there. So that looks good.
Lithium's up4% still in the box there trying to break out. Uh we're in an uptrend though, guys. We're in an uptrend. Just in a consolidation. RMX is in that box as well. It's in a consolidation box and we haven't broken out of it yet. Iron ore up 0.14. That's also in a consolidation box and I think we'll break out of it at some point. It looks good. Just give it time. It'll it'll reconvene in the uptrend is my guess. Aluminum's breaking out of its box up 1.4%. Looking good, feeling good as it breaks out of this resistance and we could see a run in it. We're above support. Everything looks good to to take off here. looks very solid. And if you're in the company that that I really like, uh that was up pretty big today. Now up multiple hundreds of percents. Uh Baltic Dry Index down a little bit. We're in that support zone box. Still looks all right.
Emerging markets up 1%. Uh you know, I heard people talk about rolling over. I don't think so, guys. We're up against resistance. Um, I I don't think we're going to roll over like this. When I When someone says roll over, I think all the way back down. I I think we're just paused here. We'll consolidate for a little bit and then we'll break out. That would be my guess. And and the reason I say that, you don't get big buying pressure candlesticks like this. They don't just show up like that. If I mean, if you're going to if you're going to fall, you get follow through here, but I don't see it. Looks like we're consolidating for a potential break higher.
Moves up 0.5. We're still underneath that neckline of the inverted shoulder head shoulder and we're we're trying to get up there. It's a bullish formation like a flag pennant formation. K down a little bit. Still in that resistance consolidation box. We'll break out of it. XHB down a little bit. Uh we did have higher rates today, so maybe that's negatively impacting it, but we're still above support here and here. Both of those are support trend lines. And we're in the support box.
Russell 2000's up a little bit. We're on support. Uh it's getting some support up 86. S&P 500's up 888. That's still working its way on up. NASDAQ up 1.3, bouncing off support. That looks okay at this time. It looks good. Dow Jones Transportation's up trying to break out. Looking fantastic to move higher. Almost at alltime highs. We're getting there. XLI is right at that support resistance box trying to break out still. This could be a retest here. Just an FYI. Uh SMCI up 6%. That's getting some buying pressure. Still looks like garbage though. Nvidia up 4%. It's trying here. Uh we broke out of this pattern to the downside here and maybe we're coming up to do a retest to roll back over. We'll see.
Bitcoin's up 2.7. I know Trump and CNBC is trying to get the money flows into Bitcoin. We'll see if the if they're successful at it. Still looks like crap. Ethereum up 5.6. That looks a little better coming back within the pattern. Micro Strategy is up 4.16. Um I still think that this is a consolidation to go lower and then the VIX is down 11.57%. They're holding the VIX down. Got to keep things under control if you want that market to go up.
Uh but that's all I've got for today, guys. That's where we're going to end it. Give me a thumb up of the content. Subscribe to the channel. Subscribe to the website if you'd like. Special coupon code if you'd like to sign up. We have a Q&A session coming up at 7 a.m. Mountain time tomorrow, Saturday. Uh, and you can ask me whatever you like. So, that's all I've got for today. We'll say we'll catch you next time, guys. See you.