NFTRH+; XLF
On the other side of the equation from the earlier GDX update, we have the bearish Financials ETF XLF, losing important support today. MACD, RSI and AROON are all down to boot.
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January 14, 2015
NFTRH+; GDX
Using GDX as a general sector marker, we see the price dropping right down to the former resistance area around 20. That is the first of two notable support areas.
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January 14, 2015
GDX vs. SPY; Different This Time
The title is not meant to declare that this time gold stocks are going to exercise the excellent risk vs. reward stance vs. the US stock market. But it is…
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January 14, 2015
Cu @ 1.50?
There was a time not so long ago we used a similar monthly chart for crude oil to project a target of 70. That chart was not nearly as bearish…
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January 14, 2015
Yield Curve, etc. Today
The 10 to 5 to 2 year spread is indicative of market upset, obviously. Here is the up to the minute view of 30 year vs. 5 year yields, with…
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January 14, 2015
Foiled by the Rupee?
I make a big deal about India and its Central Banker, Raghuram Rajan. He stands out among global bankers for his willingness to fight inflation and credit bubbles as needed.…
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January 14, 2015
Yield Curve Today
Once again, yields down, curve up. Risk obviously... 'OFF'. Bigger picture, it's in a down trend until it isn't. Here's the weekly view at yesterday's close.
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January 13, 2015
Big Picture Views
With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some NFTRH monthly charts.
Let’s start with currencies, since they are a reflection upon global policy making, which has been unprecedented in its direct market interference over the last few years.
Nominal Charts – Currency
We noted the hot air patch in the Canada dollar last year. I had thought CDW might stop and find support at 85, which is a measurement from the topping pattern; but so far, no dice.
Fellow commodity currency Aussie is at what should be a strong support zone.
[edit] evidently my uninformed use of stockcharts.com’s symbol for the Rupee is incorrect. I have had input that this chart is an inverted view of Rupee-USD. Looking into this.
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January 13, 2015
Yield Curve Today
The curve is rising again, with nominal maturities dropping. A risk 'OFF' alignment and if this keeps up and one day becomes a trend, it'll be pleasurable for gold. Indeed,…
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January 12, 2015
SPY Gap Closed
So if you are a bull, you are buying here... right? Are you a bull? I ask that seriously, because I myself am not sure at the moment what I…
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January 12, 2015
NFTRH 325 Out Now
On a weekend where I took my daughter to Boston for two nights of voice coaching/recording, needed to watch the Patriots game (on DVR) and a late Rangers game, on…
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January 11, 2015
Gappy
I have gone mostly sidelines with the seasonal stock market bounce stuff, but also am not short a single thing. With that disclosed, here is a gappy view of the…
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January 9, 2015
Yield Curve Today
The 10→5→2 yield spread is up big today with all durations dropping. Not a risk 'ON' alignment at all. For perspective, here is what the 30 vs. the 5 year…
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January 9, 2015