SPX: Because… REASONS!!
As a market manager I stay calm about it and use it to the best of my ability. As a human I get annoyed by it and what it does…
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April 6, 2016
Healthcare Almost to Target
Here's the XLV weekly chart again. It's closer still to the top channel line. The daily view is kissing the SMA 200. I sold XLV but still hold my fair…
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April 6, 2016
NFTRH; Another ‘what if?’
On a similar theme to the earlier update whereby the long bond is seeing extreme relative short interest by Commercial traders, let’s compare the 30 year vs. the 2 year.
The 30 year shows a big build up in net shorts by the Commercial Hedgers.
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April 6, 2016
NFTRH; A ‘what if?’ Exercise
Because I want to look around as many corners as possible (without donning the tin foil hat), I had a thought that is at odds with the view that the bear phase will resume/continue. It is also at odds with a bullish view of gold for the near-term.
So please consider it a mental exercise, the likes of which can be healthy if we keep these things in perspective and in their proper place in the probabilities tool box.
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April 6, 2016
Broad US Stock Market
Here is the multi-index weekly chart. Most are above former resistance but... where are higher highs? Show me higher highs, Jerry.
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April 6, 2016
NFTRH+; Russell 2000 Short Setup
Here is the (weekly) Russell 2000 chart we used in 2015 to show that a moving average cross and a similar looking pattern have occurred that resulted in severe downside in 2008. I think we can disqualify the 2011 ‘comp’ because that moving average cross was quickly reversed and the current one, despite the big rally, is nowhere near being undone.
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April 6, 2016