I am happy because my cute headline on New Year’s Day worked out. I am going to be happier with the gap fills if markets hold support and turn back up for a good bounce at least. That is because I am now short nothing – having gotten rid of the SJB junk bond short – and am long INTC, MSFT and IWM along with … Continue reading Gappy & Happy
Let’s keep it simple. The gold stock sector is acting very nicely as an anti-market to everything else that is going down of late. It is a microcosm of the big picture in which we’d expect this counter cyclical sector to grind out a bull market as the other stuff tops out and enters a bear market. Said bear market is not (yet) indicated in … Continue reading NFTRH; HUI Daily Chart Status
In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because there are no more gaps. All are filled and now the market’s job is to prove it can use this process as support. Lower lows to December’s lows would be most unwelcome by conventional stock … Continue reading Gappy New Year, Part 3
The 10 to 5 to 2 spread is rising today with all nominal items dropping. It’s a risk ‘OFF’ alignment. Again, any one day is just one day. The trend remains one of no inflation fears and no systemic stress by this indicator (though junk-quality bond spreads and now LIBOR beg to differ). Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates … Continue reading Yield Curve Today
Gold poked above the SMA 50 and 1200 level. This is its minimum requirement to get bullish. Above 1240 and then 1260 would be very constructive. Gold has taken on an anti stock market stance recently. Will it make a higher high to December if the US stock market does not make a lower low to December (just a question to ponder, see below)? Silver … Continue reading NFTRH; Market Quick Check
