We have had a theme that gold will not be favored until confidence wanes in policy making and its ability to control market outcomes. I thought this morning's post-Payrolls reaction…
We were alerted in July thanks to my friend Pat's tip on some panic in Machine Tools by Mori Seiki. We have since tracked machine tool sales data right down…
Yesterday in pre-US market, we noted the big picture of the S&P 500, which is technically bearish on the intermediate-term and still up trending on the long-term. We also reviewed…
A 60 minute view of SPX. I am going to consider it worth a shot from the short side here at the channel top. The stop loss will be a…
Sometimes we need to dumb it down and look at cartoons or the simplest pictures we can find. This is a calming view when considering the noise of Elliott Wave…
As if our jobs were not complicated enough trying to divine bullish or bearish at this technical decision point in the markets, here comes FactSet with the numbers on earnings…
It often pays to follow the leaders. Biotech dropped and reversed from its test of the August lows. SOX-SPX ratio was relatively stronger on this decline than the August decline.…
Well folks, 'August low retest' it is, as per plan. Part 1 was the drop from the August breakdown. Part 2 was the 'bounce' recovery (ended at SPX 2020). Part…
Because they are key to our macro fundamental road map going forward, we continue to watch the 'gold vs.' theme very closely. These are like credit spreads, only they have…
As noted in the subscriber email that accompanied NFTRH 362: "NFTRH 362 trims back down to 22 pages, but makes a lot of points in those pages. In particular, despite…
A quick run down on multi-markets... S&P 500 is in a downtrend and has dropped as expected toward a test of the August low. Today's candle and those of other…
Today is notable because the economic data continue to decelerate (Durable Goods declined and Caterpillar layoff announcement), the stock market is doing what we expected and the gold sector is…
John L. was a long-time NFTRH subscriber. After cancelling his subscription the other day he sent me this note: "You have been a terrific mentor and my nearly 5 years…
Yesterday Biiwii had a look at the 30's vs. 5's, which appear to be bottoming and not a pleasant picture for the stock market. But the most commonly viewed yield…