Some really important charts to interpreting the macro… Sorry sports fans, but gold has still not established a daily up trend vs. the US stock market. Not yet. Gold vs. European stocks is bouncing as well, but not yet proven to be more than a bounce. Gold vs. Commodities is very constructive and is a rare macro signal from 2014 that made sense. Gold vs. … Continue reading Gold Ratio Charts
One rider seems to be stating that the other rider is not long for its rally. Isn’t this a turn of events? Uncle Buck up, stocks down, commodities down and precious metals up. It makes perfect sense and people should probably dedicate 2015 to figuring out why, if they haven’t already. Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key … Continue reading 2 Horsemen Diverge
Here is the progress of the 4 US indexes noted as we began our Gappy New Year… RUT is entering the support zone with the gap down below. NDX is well into the gap zone and above support. SPX broke the first support, which was very minor. Strong support is noted. INDU is similar, with a sizable distance down to the gap (which is readily … Continue reading Gap Progress
