Chris Kimble

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3D printing stocks may be setting up as the next speculative trade. Read the full note in today's Morning Print. 🌤️ thechartreport.com/TheMorningPrin…

The three-month correlation between Energy and SPX.

Margin debt is surging into territory that has some investors on edge, firmly in what many would call the danger zone. For now, however, margin debt expansion supports the momentum upside, but any reversal will also fuel the sell-off. It's a double-edged sword that cuts the deepest on the downside. h.t @ISABELNET_SA

The NASDAQ 100 index has been heavily influenced by most popular tech stocks. It has outperformed the DJIA by six times since the 2002 low. Since then, the NASDAQ100/DJIA ratio has gone from 0.10 to just shy of 0.60.

Equal Weight Nasdaq 100 is now underperforming the Nasdaq 100 $QQQ by the largest margin in history 🚨🚨🚨

NDX 100 is testing its 161% Fibonacci extension level at (1), with RSI at the highest levels in a couple of years at (2). Might be important what tech does at (1)! $QQQ $QQEW $SPY

Which is telling the truth?

The Mother of All Bubbles ht @TaviCosta

The 30-Year US Treasury Yield ended the day at 5.14%, its highest close since July 2007. The Federal Reserve and Federal Government continue to spin the lie of low inflation while the bond market reveals the truth.

GOLD - YOU AIN'T SEEN NOTHIN' YET...

Homebuilders relative to the S&P 500 ... four years of relative gains taken out

Equal Weight Tech testing top of its trading range, with potential lower highs in RSI again. $QQEW $QQQ $SPY

For the first time this cycle, the implied December 2027 SOFR rate is above the current Fed Funds Rate. The rate cut cycle is officially in question.

The yield on the 30-year U.S. Treasury is 5.05%. When it hits 5.1%, it will be a 19-year high. In 2007, the national debt was just $9 trillion. Now it's over $39 trillion. What happens when the yield hits 8%, a level last seen in 1991, when the national debt was just $3 trillion?

Shiller PE is 42+. All-time high in 2000 was 44+. Records are meant to be broken.

#TECHCHARTSMEMBERS From the latest Global Equity Markets report, a text-book H&S continuation from the #metals #mining #resources #copper #theme. Access >> tinyurl.com/5xe3m9jm