NFTRH Update 4.26.13, HUI 60 min. Current Status

Earlier we noted 275 (a 50% Fib retrace of the rally) as the lower tolerance of the ‘normal’ zone on today’s pullback.  If HUI finishes the day as it currently stands, the pullback is a normal reaction or shakeout.  We could say that the 62% retrace at 270 is normal too, but how far is a trader going to stretch normal?  275 is my personal … Continue reading NFTRH Update 4.26.13, HUI 60 min. Current Status

NFTRH Update 4.26.13, SOX, RUT & Quick Precious Metals Recap

Broad Market The Semiconductors and Small Caps are considered leaders and have led the rally out of the Fiscal Cliff hype from Q4, 2012.  Here is an update of their status. SOX reversed at the upper resistance of 445 and has now dropped below the lower resistance at around 437.  The RUT made short work of our would-have-been neckline (red) and shot higher this week.  … Continue reading NFTRH Update 4.26.13, SOX, RUT & Quick Precious Metals Recap