When backing out all of the short-term noise and dialing in the big picture, Commodities are clearly not yet indicated to be safe. Here is the CRB still dwelling below…
Say, how bearish does the SOX look to you? I didn't think so. That 'Handle' is indicated to have been a consolidation of the big 'V' pattern after all that…
For the 2nd week in a row I'd like to forgo the regular ETF update in favor of a more conversational 'market status' update. We noted in NFTRH 329 that…
I have a short position against the S&P 500 and despite Friday's EoD reversal and yesterday's down day, as noted to subscribers in an update, I don't feel very good…
As posted at Biiwii.com... This segment is excerpted from this week's Notes From the Rabbit Hole, NFTRH 329, and was originally titled... Does the US Economy and Stock Market Need…
Wax On (US Jobs), Wax Off (China Trade Data)
Friday’s and Today’s global markets give a clear picture of cyclical (stock markets) vs. counter-cyclical (gold).
Friday was US ‘jobs’ at +257,000, above expectations. The stock market was positive for much of the day until it reversed. Gold got hammered.
How to promo... how to promo? NFTRH 329 took a hard look at the realities of what happened last week and despite an end of week reversal (below SPX key…
US Stock Market
After being out for much of the day I returned to the same old, same old. i.e., a market whipsaw. This time around the upside parameters are at issue, whereas on Monday it was the bears getting whipsawed.
Full report at BLS website.
The Non-Farm Payrolls report comes out at 8:30 US Eastern time. It’s a tough call on what the market wants to see. The market is as capable of celebrating a bad number (Fed on hold!) as it is a good one (economy is still humming!).
I have been awaiting the December Machine Tool sales data from EDA, assuming we'd get another year-end ramp up (especially with IMTS this past September), like clockwork. Well, the clock…
The predictable bounce has come up to just below the predictable resistance parameter. Just for fun, here is a 30 minute chart of SPX. Click to expand. 2065 is the…
Usually on Wednesday mornings we do a standard ETF update. But given the interesting things happening across several markets, this morning I thought I’d do a freer flowing update.
This is very similar to a previous update that worked out well shorting SPY. The parameters to short are very similar, the current level up to 206. A rise above…