A subscriber asked if I was still in the SPY short or had I stopped out? Answer: Still on the short. It had been noted that the stop loss would be above 208.61 (last week’s high). SPY hit 208.76 today and I have not even thought of letting that make me cover.
Here is the Bank index, still holding support. While it looks like it could be making an extended top, the BKX is still above the first support level. Pigs and…
A simple update of USD. Daily USD has been gently ambling down from its high over 100. 94 (+/-) has been a likely target. Uncle Buck sent a scout down…
First an admin note: The reason we are not having many NFTRH+ updates lately is the same reason I kept NFTRH+ a free add-on to the regular service; I did…
First, the big picture monthly view of the €uro. How long ago it was that we charted the high risk level of 140 (+/-), at which €uro hit the top…
#337 slims down to 22 pages from last week's bulbous 42. That is because I write what the markets tell me to write and this week the important points were…
Well folks, the Employment report is now playing ball (to our preferred plan of economic contraction and a 'Peak Fed' style topping out of mainstream confidence in historically unprecedented and…
Here is the S&P 500's closing price, target price and analyst ratings from FactSet... Nothing new or unusual here. A bunch of constructive to bullish analysts and a very few…
Because we learn from the past, from mistakes and successes alike, I gained something from the old 2008 post about the miners and stock market. Here is another, from March 7, 2009 as the final plunge in the US financial sectors blew out and the final seeds were sewn for the current bull market, by the intense and acute panic of the time.
So you’ll excuse me if some of the writing is a little dramatic or hyperbole tinged. It was a different time in March, 2009. I also note that I tend not to just write (stream of consciousness thoughts) as much anymore. With reports usually between 30 and 40 pages (incl. ample graphics) I don’t even get to all the hard data each week. We are now in a time where it has paid to be subservient to the markets and do what they say.
True beliefs and orientations can be expressed when the time is right. But back in early 2009 we were easily making money by following the new trends that the majority had not yet glommed on to. So there was ample time to brain dump a lot of thoughts along the way.
I barely ever look at these old NFTRH, but want to do so more often now because I think we are within hailing distance of new financial market trends and perspective is in my opinion an underutilized tool in the financial markets.
Yesterday we showed the ETF charts that were at bounce points (if they were going to bounce). Today GDX and GDXJ are up around 4%. I grudgingly added a couple…
The long, slow deceleration in US manufacturing growth continues apace. I have highlighted some of the notables, including a pop in 'Prices', despite the downward pull in energy costs. There…
Biotech, an important momentum leader to the stock market, is going to need to think about finding support soon lest this become something more than routine. IBB has already made…
I am rummaging around early NFTRH editions looking for references to Larry Summers I made in Q4 2008 to go with a post at Biiwii. In going through those crude…
I got in late last night from band practice and there was this message in my inbox. I never remember that it is April Fools day on 4/1 and almost…