Weekly CharterN° 162026-07-26
Weekly Charter, edition of 2026-07-26
Earlier edition format. This edition was published before the five market reading, and it is shown with the four pillars it carried.
This week in three points
Equities remain constructive and the rally is supported by a broad number of stocks.
Raw materials rise with the cycle, but gold, a safe-haven asset, pulls back.
A confirmation would come from a strengthening of gold alongside commodities.
The four pillars
This edition reads four pillars. Government bonds joined the reading later, and nothing here stands in for them.
Equities
Favourable
Trend: Favourable · Momentum: Neutral · Coherence: Confirmed
Gold
Weakening
Trend: Unfavourable · Momentum: Unfavourable · Coherence: Confirmed
Commodities
Cyclical strength
Trend: Favourable · Momentum: Favourable · Coherence: Confirmed
Bitcoin
Cooling
Trend: Unfavourable · Momentum: Neutral · Coherence: Confirmed
The market pulse
| Market | Level | Week | Year to date |
|---|---|---|---|
| SP500 | 738.93 | -0.6% | +8.7% |
| Gold | 371.90 | +0.9% | -6.6% |
| Commodities | 30.10 | +3.9% | +34.4% |
| Bitcoin | 64,482 | -3% | -27.3% |