Utes Not Buying It
The rise in short-term bond yields seemed to result from everybody getting in line and giving the FOMC its due respect (hey, they are going to raise the Funds rate...…
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July 31, 2015
NFTRH 354, Online Edition
A commitment has come up this weekend that will only allow me the time to review key points in NFTRH 354. What a great opportunity to put more detail than usual in an update [edit: this has turned out to be NFTRH 354, with a PDF update to be mailed on Sunday].
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July 31, 2015
FOMC & Uncle Buck
I don't take too much of what goes on during FOMC week seriously with respect to making actionable moves. While in market management I try very hard to keep whatever…
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July 30, 2015
DUST Hourly
The hourly chart of 3x Gold Miner bear DUST looks bearish to me. If the pattern becomes activated it would target the little gap and lower, down to 22. It'll…
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July 29, 2015
June Machine Tool Sales
Sales of new Machine Tools (blue line) bumped up in June. Apparently they adjust this data but don't make mention of revisions. The graphical representation through May, while still weak,…
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July 29, 2015
On Japan, Robotics, Machine Tools & Manufacturing
A while back we noted that machine tool sales were continuing to fade and that there was alarming news from my boots on the ground source in the industry centered…
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July 28, 2015
Some Daily Charts
SPX is at its MA 200. Time to bounce to keep this unpleasant chart from becoming ugly like the Dow.
Dow is around a short-term trend line but below lateral support. It can bounce but this has technical damage.
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July 28, 2015
Macrocosm
Below is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 353. After this theoretical exercise we got down to nuts and bolts analysis, which…
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July 27, 2015
Macrocosmic NFTRH 353
Friday was a microcosm of the macrocosmic alignment that would need to be in place for a long-term bullish view of the gold sector. We update the precious metals and…
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July 26, 2015
NFTRH+; INTC Short Setup
[edit] I guess I neglected to password protect this post. I have not taken this trade on a rather obvious topping pattern, but here it is publicly displayed and we'll…
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July 24, 2015
HUI Hits Downside ‘Bounce’ Target w/ Market Weak
In an update on Monday we noted the following using a weekly chart of HUI... Here is the blown up view (again, no pun intended) of weekly HUI. I have…
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July 24, 2015
Some Leaky Charts
These range from suspect to outright ugly. Somebody had better start buying up Junk Bonds. Meanwhile, Treasuries are getting a bid and inflation is nowhere to be found. Goldilocks however,…
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July 23, 2015
Semi Leadership Intact
Well folks, they never make it easy do they? As of now the SOX is firm as apparently the Intel hype could not break the chart (though it did put…
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July 23, 2015
USD Updated
Uncle Buck popped above key resistance at 98 the other day and unsurprisingly turned down. The thing is though, he made a higher high and at least theoretically keeps a…
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July 22, 2015