Yearly Archives: 2015

NFTRH Interim Updates

Gold Sector & Stock Market Snapshots

Gold Sector

Turning to the precious metals first, HUI made it to 175.62, which is a little lower than the ‘+/-‘ we have been tagging with the 180 target.  RSI held below 50 and while it could just be filling a little gap from last week, it does not look overly inspiring.  We continue to let those who obsess on the precious metals as if it is the only market on the planet micro manage this.  Nothing has changed yet, and that includes the fundamentals. There is no actionable bull signal beyond the bounce.  180 +/- remains the target for now, but this thing must get in gear quickly.

(more…)

Comments Off on Gold Sector & Stock Market Snapshots
March 27, 2015
NFTRH Interim Updates

SPX Bounce Target Revision

[edit]  It goes without saying that if today's bounce fails and SPX goes on to make new lows, the analysis from this morning is back on.  Though 2090 is a…

Comments Off on SPX Bounce Target Revision
March 26, 2015
Stock Market

Biotechs Updated

Yesterday we noted the Biotechs had lower to go, and lower they went.  Typical of today's momo driven markets IBB took the express elevator right to the projected support zone…

Comments Off on Biotechs Updated
March 26, 2015
NFTRH Interim Updates

Plans for S&P 500, Gold & Gold Miners

S&P 500

Per the simplified big picture daily, weekly and monthly charts of SPX first introduced 6 weeks ago in NFTRH 329, we have been managing potential downside targets of 2000 and 1900.

If SPX were to hit either of these targets it would not kill the bull market, especially if 2000 holds.  In that case it would be a normal, moderate and healthy correction.

(more…)

Comments Off on Plans for S&P 500, Gold & Gold Miners
March 26, 2015
Stock Market / US

Biotech Looks to Go Lower

I would be careful here on Biotech.  The reversal candle signaled a fallout from a mini blow off.  The level to which IBB became over bought implied the momo players…

Comments Off on Biotech Looks to Go Lower
March 25, 2015
Financial Markets

Euro Area PMI’s Continue Upward

The European 'me too' play to the US' previous QE operations is working like a charm as manufacturing purchasing managers continue to buy at an increasing pace.  PMI has increased…

Comments Off on Euro Area PMI’s Continue Upward
March 24, 2015
NFTRH Interim Updates

Market Update; HUI & Precious Metals Indicators

The bounce has materialized, as anticipated.  This almost had to happen given the vastly improved CoT structure for gold, the over sold levels of the stocks and the “puke” sentiment noted a couple weeks ago.

The first target on HUI is 180 (+/-).  What we have going on there is a gap to be filled and a resistance area that has very clearly held support and provided resistance for the last 6 months.

hui

(more…)

Comments Off on Market Update; HUI & Precious Metals Indicators
March 24, 2015
Financial Markets

US Dollar Correction, Daily Chart Updated

Here we have Uncle Buck, fallen out of bed and trying to right himself.  Support is noted, first at a trend line and then stronger support at a lateral cluster. …

Comments Off on US Dollar Correction, Daily Chart Updated
March 23, 2015
NFTRH Interim Updates

SEMI Book to Bill for February

SEMI has released the Semiconductor equipment sector's book-to-bill ratio (b2b) for February and it continues to be stable.  The implication is that the industry as a whole is still upgrading…

Comments Off on SEMI Book to Bill for February
March 23, 2015
NFTRH

NFTRH 335 Out Now

A top of the line report from a top of the line service. Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and…

Comments Off on NFTRH 335 Out Now
March 22, 2015
Stock Market, US

Da UTES Break Da Wedge

The Utilities index was shown for subscribers in NFTRH 334 before it had broken out of its bullish looking Wedge.  The index had drifted down to support and if one…

Comments Off on Da UTES Break Da Wedge
March 20, 2015
Inflation & Deflation

Prices are an Issue

By way of @TheStalwart (which was forwarded by a subscriber who has dug up so many quality reference points): Holy crap. Had no idea the Billion Prices Project is now…

Comments Off on Prices are an Issue
March 20, 2015
NFTRH Interim Updates

Detailed Post-FOMC Analysis

Post-FOMC The first line of the FOMC statement yesterday was what I assume they wanted us to pay the most attention to.  It was packaged with a view of moderate…

Comments Off on Detailed Post-FOMC Analysis
March 19, 2015