As suspected would be the case, the US dollar appears to have resumed its correction after rising to test the high. The first important support zone has been the shelf surrounding 94, which intersects a trend line from last summer’s lows.
There is so much data flying around out there. From the Credit data we reviewed yesterday to weakening manufacturing and exports to employment up nicely one month and down big…
"There is quite obviously some serious financial stress manifesting in the data..." That is not me, the caution-toned risk manager writing. That is a quote from the first paragraph of…
From FactSet, here is a graphic compiling data from the initial earnings reports from S&P 500 companies so far for Q1. At 70%, the US dollar's strength is far and…
Enjoyable to write and of personal benefit in focusing my thoughts, NFTRH 338 was emailed to subscribers this morning. It includes an extended look at GE's move to get out…
China, in a few pictures (courtesy of TradingEconomics.com): China GDP Annual Growth (through 2014)... China GDP Annual Growth trend projection... China Producer Prices... China Interest Rate... China Loan Growth.. China…
USD is bouncing to test the highs after only stabbing but not really dropping into the preferred support area. Whatever, a bad jobs report did not hurt Uncle Buck as…
In keeping a balanced approach to the stock market, I have certain companies on radar while at the same time being open to going bearish (beyond the SPY short) if the signals come in.
As with yesterday’s updates on Lithium and REE, we do a ‘+’ on the Malaysia iShares for those who might be interested and send it to the entire list, as it is more of a macro chart and not a dynamic trading situation. I am simply digging up charts that I find interesting from around the global asset markets.
After noting some new positive points and lingering negatives, the Precious Metals segment of NFTRH 337 ended with this…
“But the bottom line is that the precious metals are still only on a technical bounce and the CoT is giving a caution signal. We should respect both of these conditions until they are cleared. We’ll continue to update of course.”
While featuring good calls that I have failed to personally take advantage of (can't buy everything and my focus has been on Biotech and Specialty Pharma for available risk funds),…
You may recall that ‘outlier’ commodities Lithium and REE’s took off together earlier in the year and the advice was that if you are a “Lithium head” (or REE head) it would be best to wait for a pullback.
I am not going to pretend to be a great trader. Sometimes I do very well and other times, not so much. Then are times like with Silicon Motion, a…
We noted in NFTRH 337 that the EM's were attempting to break through resistance. While this is just short-term stuff (longer-term charts remain neutral at best) the first 3 days…