It is and has been pretty simple. Using SPX as an example, the first bounce target was 2050 to 2060, which includes all the moving averages. That has been registered…
We have noted anecdotally that there is a creeping inflation in the system. It does not show up in commodities, which are in a post-bubble (ah, the good old 'China…
Admin note: The sporadic email kick-back issue had disappeared after I made a complaint to Google. I thought it was highly improbable they would actually do something for one tiny…
SPX has dropped right to the support zone we noted, and is trying to bounce. NDX and Dow have not approached their commensurate supports. I have removed the lower triangle…
It is no secret that US credit markets have been increasingly stressed lately. Junk bonds are tanking and junk's ratios to the relative quality of Investment Grade and Treasury have…
We had a market break last week and that is all I ask for, a market in motion. When in motion, support and resistance parameters can be drawn and the…
The word play in the title is in reference to the ridiculous fuss over COMEX gold inventory and other promotions masquerading as fundamentals put out by cartoons masquerading as analysis.…
Russell 2000 is poking below support this morning. That would be okay as a potential in-day whipsaw but other indexes were showing negative signs 2 days ago (subscribers ref. last…
Here is the latest 'units sold' data for the Machine Tool industry. New equipment sales continue to decline and used equipment kicked up a bit. We are once again at…
This is an old NFTRH+ chart of the monthly XLE. There have been some false alarms and bounces on daily charts, but we used the monthly as the moderator. It…
It is in-day, and this market just loves whipsawing everyone. So the caveat is that it could easily close back within the parameters we had set out. But as of…
Major US stock indexes are still in the patterns we noted over the weekend and the Transports not only remain below resistance, but broke down further. The Russell sported a…
For those taking the ride, here is the bounce status of GDX, GDXJ, GLD and SLV using daily charts and some macro charts as well. When managing a bounce within…
Note: This article assumes the reader knows the reasons we are now bearish on the Semiconductor Equipment sector. NFTRH subscribers definitely do and NFTRH.com/Biiwii.com readers should as well. Readers who…