NFTRH+; XLF
On the other side of the equation from the earlier GDX update, we have the bearish Financials ETF XLF, losing important support today. MACD, RSI and AROON are all down to boot.
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January 14, 2015
NFTRH+; GDX
Using GDX as a general sector marker, we see the price dropping right down to the former resistance area around 20. That is the first of two notable support areas.
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January 14, 2015
GDX vs. SPY; Different This Time
The title is not meant to declare that this time gold stocks are going to exercise the excellent risk vs. reward stance vs. the US stock market. But it is…
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January 14, 2015
Cu @ 1.50?
There was a time not so long ago we used a similar monthly chart for crude oil to project a target of 70. That chart was not nearly as bearish…
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January 14, 2015
Yield Curve, etc. Today
The 10 to 5 to 2 year spread is indicative of market upset, obviously. Here is the up to the minute view of 30 year vs. 5 year yields, with…
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January 14, 2015
Foiled by the Rupee?
I make a big deal about India and its Central Banker, Raghuram Rajan. He stands out among global bankers for his willingness to fight inflation and credit bubbles as needed.…
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January 14, 2015