Yield Curve Today
The 10-5-2 spread is rising with nominal yields reversing to up. A little risk off'y to go with junk bonds, which are quite risk off'y. For reference, here is the…
The 10-5-2 spread is rising with nominal yields reversing to up. A little risk off'y to go with junk bonds, which are quite risk off'y. For reference, here is the…
Here is the big picture view of the 10yr-2yr Treasury yield spread with gold shaded in the background. People who successfully get through this bear market in gold will have…
So the Swiss gold vote caused a sizable ruckus in gold and silver overnight. This morning there is a nearly as sizable recovery in the metals.
The Swiss vote is an important hype component to get behind us and a positive reversal today would be notable, given the already over bearish sentiment profile (cue Citi’s Willem Buiter with a hysterical rant against gold leading in to the Swiss vote).
It's a global game of Whack-a-Mole (currency devaluation) and in this game certain countries and economic zones make sense in some ways. Japan for instance may be viewed as USA…
It's in a risk 'OFF' alignment with all durations dropping but the curve rising. Meanwhile, here's the chart of the 30 vs. the 5 year spread. Obviously risk is…
It's a monthly chart and these guys move like molasses on a cold winter day. But we might wonder how long it may take for the stock market's loss of…
We have a developing potential for a stock market upside blow off on the table for reasons explained previously. With this update I want to present the indicators that argue to the contrary and ask us to manage risk. I cannot predict which way the chips will fall (no pun intended) but I can continue to put up indicators for guidance.
First let's preface by stating that I have a dislike for gold sector pom pom wavers as evidenced by this post at Biiwii: Huey, Dewey & Louie. Second, let's ask…
Per the simple measurement of this chart and others like it we have used, we find WTI crude oil at target this morning.
Let’s remember that targets are not stop signs, they are objectives based on pattern measurements.
Happy Thanksgiving dear NFTRH subscribers and website readers. See you on Friday.
Way 1 is the short-term view showing the wild recent history of a huge drop, instigated by one chip company's dour projection and then a whole media hype pig pile. …
A snapshot of current daily technicals…
GLD is just above very tentative support. Does not mean much however, until it closes above the SMA 50.
The long bond fund TLT has looked just fine, as we had been noting in NFTRH ETF updates during its bowl-like pattern. It's now broken above it. Daily MACD and…
I did not make the point clear in the previous post but as NFTRH subscribers may recall, it is the Semi Equipment companies (they that supply the chip makers with…