A season for Gold
The post A season for Gold appeared on BitcoinEthereumNews.com.
1) Follow the leader: Growth vs value Another of my daily go-to charts is the ratio between Large Cap Growth and Large Cap Value. The chart below shows the relative strength between these via the SPYG (SPDR S&P 500 Growth) and SPYV (SPDR S&P 500 Value) ETFs. This chart is from FastTrack. Growth, in general, tends to lead the market – both up and down. So when the yellow line is rising, then the growth side led that day, week, etc. My moving averages here are a “weekly” proxy of a 5-day and 21-day EMA crossover. These moving averages are 5x those values: 105-day and 25-day moving averages, giving me weekly-like signals on my daily chart. Kinda fancy. On around April 24, this ratio crossed both of my moving averages, making it worthy of attention. And by May 7th, the moving average lines also crossed over. It all happened so quickly that now that it would take a fairly strong reversal to undo these changes. But since this shows that the growth side of the market is again leading, we might be in for a longer duration of a market run. 2) A season for Gold I’ll admit it. I’m not at all a fan of gold. And I’ve heard the reasons why I should love it…mostly relating to a doomsday scenario. But from a trading perspective, I’ve found it difficult to navigate. However, I have noticed that there is a “Season” for gold – and it might be coming to an end. Looking at closing prices for the Gold ETF (GLD), it looks like it peaked on April 21st. And while it did make an attempt at a higher-high on May 6th, it came up short. Looking at the Seasonax chart of Gold over the past 10 years shows…
Filed under: News - @ May 15, 2025 7:27 pm