US markets opened strongly in the green and reversed downward amidst an already suspect general technical status. A ‘pop and drop’ reversal is usually not a good thing, but it is early in the day.
Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management…
NFTRH 345 continues recent themes, which are mixed signals in US markets (some leaders look bullish and several indexes, the opposite), global markets (targets set for European correction) and of…
While much of the world sets a course to go bust for growth (R. Rajan's speech to the Econ. Club of NY, PDF) the Swiss changed course to start the…
This post means absolutely nothing other than to note that the May gaps have filled on GLD and SLV. This after the CoT's degraded, with silver's CoT looking deplorable as…
NFTRH has been talking about a 'trade the swings' mentality on the US stock market since probably last September or so. The swings have been routine, if very pronounced. So…
Daily USD (live chart from Investing.com) has broken above the resistance area (which included the MA 50) and is turning it to tentative support. What will be important to determine…
We are working a 'Whack-a-Mole' (WhaM!) © (yes, it's another Biiwii buzzword) theme that could see a bounce in the US economic data due to currency dynamics and other factors. …
NFTRH has been noting throughout the gold sector rally that it was bulling with what was an expected 'inflation trade' bounce along with other 'anti-USD' stuff, namely commodities. This is…
NFTRH 344 was moving along nicely but when I went to pull the usual charts from Stockcharts.com (where I maintain a premium account) I got a message that equated to…
The yield curve (10-2yr) is dropping while nominal yields rise. Typically, that is gold adversarial. Meanwhile, USD turns former resistance to tentative support as the bounce/recovery continues. The next resistance…
It is too early to call it a confirmed breakout, but the Bank index has popped above cyclical bull market highs. Weekly MACD and RSI both look good. The monthly…
The 10 vs. 2 year yield spread is up slightly and the 30 vs. 2 is up significantly. This continues a trend of late that brings the yield curve further…
Uncle Buck resides right at the corner of Bull and Bear where commodities and certain global markets are concerned. As noted yesterday, my stance is neutral on Unc short-term, but…