The Advance/Decline Line is Telling Us a Different Story in the Markets!

Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets following the CPI and FOMC decision this week. Jim explains that .6% increase in unemployment does suggest that the US economy is headed into a recession.
Jim spends a lot of time discussing the advance-decline line in the SPX and what the concentrated rally in semiconductors is telling us.
Jim gives his technical views and Elliot Wave counts for the US Dollar, Gold, TLT and the S&P 500.
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[@andrewtay2001]

Thank you 🙏

[@JimWelshMacro-Market-Trends]

You're welcome!

[@DreamsOfBullRuns]

Make fundamentals great again!

[@cedrickmathekga6902]

Thank you very much Jim & Blake

[@alphabravo786]

love your work, @jim dollar is coming to get stops above 107ish :) big liquidity up there imo

[@JimWelshMacro-Market-Trends]

Thanks! It may due to France rather the a slowdown in the US

[@alphabravo786]

@@JimWelshMacro-Market-Trends yes agree. Eurozone is not in a good spot if we compare to US so I think Q3 may be for usd buyers.

[@alanlevy9059]

Great insight, keep thinking of that poor frog in the pot

[@JimWelshMacro-Market-Trends]

And I don't even eat frog legs!

[@janremus1539]

5-7 pull back? or 20% pull back

[@JimWelshMacro-Market-Trends]

Depends on the reason to sell. 5-7% if it's just the Semi's correcting recent rally. Economy heading toward a recession 20%. That's coming

[@doolittlegeorge]

*"ai"* mania is running over every bear thesis out there not the least being interest rates which look set to head lower. Not a fan of gold and silver for price appreciation here at all in fact the set up for all commodities here today still remains the worst ever. Tax receipts look set to truly flood in big time as manias such as this are literally free money for Government and add to that still crazy high prices for oil and distillate fuels in the USA. This being an election Year 2024 thooooooo...

[@MarkhallPete]

I said to a friend this week even during gold/silver up days the pm stocks were sold really really hard. Seniors juniors all across the board. When I see that it’s a warning sign.

[@JimWelshMacro-Market-Trends]

Good observation