Mike Golembesky

Articles by Mike Golembesky

After seeing the largest corrective move to the downside in a month last week the XIV has since then moved mostly sideways. This is likely in anticipation of the Non-Farms Payroll Report scheduled for release on Friday, August 4th.
The US Dollar has continued to fall hitting a low of 92.72 on Monday, July 31st. The US Dollar also broke through shorter term support levels and is now closing in on long term support that could very well define the longer term trend over...
The Dow Jones Industrial Average closed at a new record high on Monday, July 31st closing the day just under the 21,900 level.  The intraday high on the Dow came in at 21,927 which was just 44 points under the bottom end of the 21,971 - 22...
The US Dollar Index (DXY) continued to move lower this week having lost another 1.4% from the previous weeks close. This continued move lower came after the DXY had already lost over 8% from the highs that were struck in January. While the...
After hitting the 161.8 extension up off of the April 18th lows on July 14th The Dow Jones Industrial Average has moved sideways and has traded in a very tight range of less than 1% since that July 14th top. Furthermore, the pattern both...
The DXY Index, which is widely cited in the financial press as the "Dollar" or "US Dollar," has seen a correction that began in January of this year after topping at the 103.82 level, and has continued into this week's (Tues July 18) low,...
After striking a bottom on June 6th in what I had been counting as a smaller degree ending diagonal this week, the XIV has continued to push higher, trading 12% higher from last week’s low into the close on July 13th. We are now once again...

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The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”