Small Bounce in Orders

Courtesy of EDA, here is the data graphic showing a small bounce in Machine Tool sales in March…

machinetools

As well as in equipment for multiple industries…

allindustries

It’s not a big deal yet, but we are now on a theme that could include another economic pop as USD continues to correct, after near perfectly working the theme that called for economic weakness in the face of the strengthening dollar.

I am just looking for a potential pop or a false dawn.  The economic trend has been gently down for some time now.  Also, it is not as simple as monkey see Uncle Buck correct monkey plan for strong economy.  But it’s a component, for sure.

Let’s see how GDP comes in this week, Payrolls next week and of course what the amalgam of Good Cops and Bad Cops meeting this week have to say.  They can be telling in their tenor because their economists are not stupid, I don’t think.

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow @BiiwiiNFTRH.