The US dollar is bouncing from the 94+/- support zone. I do not have a read yet on whether it will continue to bounce to heavy resistance or drop further into support in the short-term. Yesterday’s post gave some perspective on this.
USD is bouncing from the projected support area of 94 +/-. If I were to guess, I'd say it gets another leg down deeper into that area or possibly to…
A good one, with a logical chain of thoughts on the gold sector that play strategically into the next 3 months. Lots more actionable information as well.
As posted at Biiwii... I try to be me and part of being me is in not making definitive statements to people as if I am something higher than they…
The USD is bouncing from the projected support area around 94. Further, some economic data came in firm this week and ISM was stable, with its exports component bouncing solidly. That was in keeping with the weakening dollar easing the pressure as a rising dollar had increased it. Continued firm data could attend an expected bounce in USD.
Bouncing from support, eying resistance beginning at 96.50? Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas…
Well, April ISM came in flat to March at 51.5%. The notables are highlighted, including exports, which got a boost in light of the weaker USD. Funny how that works.…
A few days ago we noted the small bounce in machine tools and other capital equipment orders for March. Yesterday the Chicago PMI came in firm. Today is Markit PMI…
Here is the latest on USD's progress... Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or…
Ref. a public post about the $RUT this morning. It showed support after a wedge breakdown. RUT is losing that support so far today.
Over at Biiwii on Monday we noted that a momentum leader to the US stock market - the Biotech sector - was abdicating leadership in favor of the momo driven…
I don't control 'em. I just read 'em. Uncle Buck approaches the lateral support cluster we have been watching. Also, you will recall there is a trend line from last…
I already own LSG, so please consider that I am talking my book. It has been noted that NFTRH+ updates need technical parameters and gold miner Lakeshore Gold has that,…
By way of Robert Prechter's Elliott Wave Theorist, which itself presented the following by way of Peter Eliades, comes this analysis of the S&P 500 from a time-cycles perspective. The…